Roth Capital Expects Lower Earnings for Occidental Petroleum

Key Points

• Roth Capital has revised its FY2026 earnings per share estimate for Occidental Petroleum from $2.03 to $1.57, indicating a potential decline in profitability.
• Despite the downgrade, other analysts have varying opinions, with HSBC Global Research upgrading the stock to a "strong buy" while Wall Street Zen downgraded it to "sell."
• Occidental Petroleum declared a quarterly dividend of $0.24, with a dividend yield of 2.1%, reflecting a strong commitment to returning value to shareholders.

Occidental Petroleum Corporation (NYSE:OXY - Free Report) - Equities research analysts at Roth Capital dropped their FY2026 earnings per share estimates for shares of Occidental Petroleum in a research note issued on Thursday, October 2nd. Roth Capital analyst L. Mariani now anticipates that the oil and gas producer will earn $1.57 per share for the year, down from their previous forecast of $2.03. Roth Capital currently has a "Neutral" rating and a $46.00 price target on the stock. The consensus estimate for Occidental Petroleum's current full-year earnings is $3.58 per share.

Several other analysts also recently commented on the company. Hsbc Global Res upgraded Occidental Petroleum from a "hold" rating to a "strong-buy" rating in a research note on Friday. Wall Street Zen downgraded Occidental Petroleum from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Piper Sandler increased their target price on Occidental Petroleum from $48.00 to $50.00 and gave the company a "neutral" rating in a research note on Thursday, July 17th. Scotiabank increased their target price on Occidental Petroleum from $40.00 to $45.00 and gave the company a "sector perform" rating in a research note on Friday, July 11th. Finally, Weiss Ratings reiterated a "hold (c-)" rating on shares of Occidental Petroleum in a research note on Saturday, September 27th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, sixteen have issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, Occidental Petroleum presently has a consensus rating of "Hold" and a consensus target price of $52.87.

Occidental Petroleum Stock Performance

Shares of OXY opened at $44.86 on Monday. The business's fifty day simple moving average is $45.63 and its two-hundred day simple moving average is $43.76. The company has a current ratio of 1.05, a quick ratio of 0.83 and a debt-to-equity ratio of 0.84. Occidental Petroleum has a 12 month low of $34.78 and a 12 month high of $56.49. The company has a market cap of $44.16 billion, a price-to-earnings ratio of 26.54 and a beta of 0.95.

Occidental Petroleum (NYSE:OXY - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The oil and gas producer reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.01. The company had revenue of $6.41 billion for the quarter, compared to the consensus estimate of $6.29 billion. Occidental Petroleum had a return on equity of 13.78% and a net margin of 8.79%.The firm's quarterly revenue was down 6.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.03 EPS.

Hedge Funds Weigh In On Occidental Petroleum

A number of institutional investors and hedge funds have recently modified their holdings of OXY. Aaron Wealth Advisors LLC raised its holdings in Occidental Petroleum by 22.5% in the 3rd quarter. Aaron Wealth Advisors LLC now owns 8,592 shares of the oil and gas producer's stock worth $406,000 after purchasing an additional 1,576 shares during the period. Rydar Equities Inc. bought a new position in Occidental Petroleum in the 2nd quarter worth $263,000. Corient Private Wealth LLC raised its holdings in Occidental Petroleum by 0.5% in the 2nd quarter. Corient Private Wealth LLC now owns 180,210 shares of the oil and gas producer's stock worth $7,574,000 after purchasing an additional 844 shares during the period. Valeo Financial Advisors LLC raised its holdings in Occidental Petroleum by 17.3% in the 2nd quarter. Valeo Financial Advisors LLC now owns 14,845 shares of the oil and gas producer's stock worth $624,000 after purchasing an additional 2,189 shares during the period. Finally, Alternative Investment Advisors LLC. raised its holdings in Occidental Petroleum by 8.6% in the 2nd quarter. Alternative Investment Advisors LLC. now owns 23,569 shares of the oil and gas producer's stock worth $990,000 after purchasing an additional 1,875 shares during the period. 88.70% of the stock is currently owned by hedge funds and other institutional investors.

Occidental Petroleum Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, September 10th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Wednesday, September 10th. Occidental Petroleum's dividend payout ratio (DPR) is 56.80%.

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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