Q3 EPS Forecast for Occidental Petroleum Lifted by Analyst

Occidental Petroleum Corporation (NYSE:OXY - Free Report) - Equities research analysts at Zacks Research boosted their Q3 2025 earnings per share estimates for Occidental Petroleum in a research report issued on Wednesday, July 9th. Zacks Research analyst J. Saha now anticipates that the oil and gas producer will post earnings of $0.50 per share for the quarter, up from their prior forecast of $0.49. The consensus estimate for Occidental Petroleum's current full-year earnings is $3.58 per share. Zacks Research also issued estimates for Occidental Petroleum's FY2025 earnings at $2.22 EPS and Q1 2027 earnings at $0.91 EPS.

Occidental Petroleum (NYSE:OXY - Get Free Report) last issued its earnings results on Wednesday, May 7th. The oil and gas producer reported $0.87 earnings per share for the quarter, topping analysts' consensus estimates of $0.74 by $0.13. The business had revenue of $6.80 billion during the quarter, compared to the consensus estimate of $6.97 billion. Occidental Petroleum had a return on equity of 16.60% and a net margin of 11.20%. The firm's revenue for the quarter was up 13.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.63 earnings per share.

Several other research analysts have also recently weighed in on OXY. Barclays boosted their price objective on Occidental Petroleum from $46.00 to $48.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 8th. Mizuho dropped their price target on Occidental Petroleum from $60.00 to $58.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. Scotiabank upped their price target on Occidental Petroleum from $40.00 to $45.00 and gave the company a "sector perform" rating in a research report on Friday. Morgan Stanley set a $58.00 price target on Occidental Petroleum and gave the company an "overweight" rating in a research report on Wednesday, March 26th. Finally, Wells Fargo & Company upped their price target on Occidental Petroleum from $42.00 to $47.00 and gave the company an "equal weight" rating in a research report on Thursday, June 26th. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Occidental Petroleum currently has an average rating of "Hold" and a consensus target price of $53.62.

Occidental Petroleum Trading Up 1.0%

Shares of Occidental Petroleum stock opened at $46.33 on Monday. The stock has a fifty day simple moving average of $43.05 and a 200 day simple moving average of $45.27. Occidental Petroleum has a 12-month low of $34.79 and a 12-month high of $64.76. The company has a market capitalization of $45.59 billion, a P/E ratio of 18.83 and a beta of 0.84. The company has a current ratio of 1.01, a quick ratio of 0.79 and a debt-to-equity ratio of 0.90.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Altshuler Shaham Ltd purchased a new stake in shares of Occidental Petroleum during the 4th quarter valued at approximately $26,000. VSM Wealth Advisory LLC purchased a new stake in Occidental Petroleum in the fourth quarter valued at approximately $27,000. Bernard Wealth Management Corp. purchased a new stake in Occidental Petroleum in the fourth quarter valued at approximately $32,000. Grove Bank & Trust raised its position in Occidental Petroleum by 129.2% in the first quarter. Grove Bank & Trust now owns 722 shares of the oil and gas producer's stock valued at $36,000 after purchasing an additional 407 shares during the period. Finally, American National Bank & Trust purchased a new stake in Occidental Petroleum in the first quarter valued at approximately $39,000. 88.70% of the stock is currently owned by institutional investors and hedge funds.

Occidental Petroleum Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, June 10th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 2.07%. The ex-dividend date of this dividend is Tuesday, June 10th. Occidental Petroleum's payout ratio is 39.02%.

About Occidental Petroleum

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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