Q2 EPS Estimates for OXY Lowered by Capital One Financial

Occidental Petroleum Co. (NYSE:OXY - Free Report) - Equities research analysts at Capital One Financial cut their Q2 2025 earnings per share (EPS) estimates for Occidental Petroleum in a research note issued on Wednesday, May 21st. Capital One Financial analyst B. Velie now expects that the oil and gas producer will earn $0.66 per share for the quarter, down from their previous estimate of $0.72. The consensus estimate for Occidental Petroleum's current full-year earnings is $3.58 per share.

Occidental Petroleum (NYSE:OXY - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The oil and gas producer reported $0.87 EPS for the quarter, beating analysts' consensus estimates of $0.74 by $0.13. Occidental Petroleum had a return on equity of 16.33% and a net margin of 11.37%. The firm had revenue of $6.80 billion for the quarter, compared to analysts' expectations of $6.97 billion. During the same quarter in the prior year, the firm earned $0.63 EPS. The business's revenue for the quarter was up 13.9% compared to the same quarter last year.

A number of other brokerages have also recently commented on OXY. Raymond James cut shares of Occidental Petroleum from a "strong-buy" rating to an "outperform" rating and dropped their price target for the company from $81.00 to $64.00 in a research note on Monday, March 10th. Piper Sandler dropped their target price on Occidental Petroleum from $50.00 to $48.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 22nd. Mizuho reduced their price target on Occidental Petroleum from $60.00 to $58.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. Roth Capital set a $54.00 price objective on Occidental Petroleum in a report on Thursday, January 23rd. Finally, Citigroup lifted their target price on Occidental Petroleum from $42.00 to $44.00 and gave the company a "neutral" rating in a report on Monday. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $53.14.

Occidental Petroleum Price Performance

NYSE OXY opened at $41.13 on Thursday. The company has a quick ratio of 0.76, a current ratio of 0.95 and a debt-to-equity ratio of 0.95. The company has a market cap of $40.48 billion, a PE ratio of 16.86 and a beta of 0.81. Occidental Petroleum has a 52 week low of $34.79 and a 52 week high of $64.76. The firm's 50-day simple moving average is $42.43 and its two-hundred day simple moving average is $46.83.

Hedge Funds Weigh In On Occidental Petroleum

Institutional investors have recently modified their holdings of the company. Howard Capital Management Inc. lifted its stake in Occidental Petroleum by 5.4% in the fourth quarter. Howard Capital Management Inc. now owns 4,234 shares of the oil and gas producer's stock worth $209,000 after purchasing an additional 216 shares during the last quarter. Northeast Financial Consultants Inc grew its position in Occidental Petroleum by 0.4% during the 1st quarter. Northeast Financial Consultants Inc now owns 58,549 shares of the oil and gas producer's stock worth $2,890,000 after acquiring an additional 242 shares during the last quarter. Deseret Mutual Benefit Administrators increased its stake in Occidental Petroleum by 27.1% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 1,164 shares of the oil and gas producer's stock worth $58,000 after purchasing an additional 248 shares during the period. Park Avenue Securities LLC lifted its position in Occidental Petroleum by 3.2% in the fourth quarter. Park Avenue Securities LLC now owns 8,058 shares of the oil and gas producer's stock valued at $398,000 after purchasing an additional 250 shares during the last quarter. Finally, Horizon Investments LLC boosted its stake in shares of Occidental Petroleum by 2.3% during the fourth quarter. Horizon Investments LLC now owns 11,208 shares of the oil and gas producer's stock valued at $554,000 after purchasing an additional 257 shares during the period. 88.70% of the stock is currently owned by institutional investors.

Occidental Petroleum Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, June 10th will be given a dividend of $0.24 per share. The ex-dividend date is Tuesday, June 10th. This represents a $0.96 dividend on an annualized basis and a yield of 2.33%. Occidental Petroleum's payout ratio is 39.02%.

Occidental Petroleum Company Profile

Occidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in the United States, the Middle East, and North Africa. It operates through three segments: Oil and Gas, Chemical, and Midstream and Marketing. The company's Oil and Gas segment explores for, develops, and produces oil and condensate, natural gas liquids (NGLs), and natural gas.

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