Equities Analysts Offer Predictions for OXY Q1 Earnings

Key Points

• Zacks Research has revised its Q1 2026 earnings estimate for Occidental Petroleum down to $0.55 per share, reflecting a small decrease from the previous estimate of $0.56.
• Occidental Petroleum's recent earnings report showed a net margin of 8.79% and a 6.1% year-over-year decline in revenue, earning $0.39 per share compared to the consensus estimate of $0.38.
• The company's quarterly dividend of $0.24 per share, representing a yield of 2.0%, will be paid on October 15th, indicating a solid return for investors despite challenges.

Occidental Petroleum Corporation (NYSE:OXY - Free Report) - Stock analysts at Zacks Research cut their Q1 2026 earnings estimates for Occidental Petroleum in a research note issued to investors on Tuesday, August 26th. Zacks Research analyst Team now forecasts that the oil and gas producer will post earnings of $0.55 per share for the quarter, down from their prior forecast of $0.56. 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 Q3 2026 earnings at $0.52 EPS, FY2026 earnings at $1.91 EPS and FY2027 earnings at $2.62 EPS.

Other equities research analysts have also recently issued research reports about the company. Citigroup increased their price target on Occidental Petroleum from $42.00 to $44.00 and gave the company a "neutral" rating in a research note on Monday, May 19th. Morgan Stanley reaffirmed an "equal weight" rating and set a $52.00 price target on shares of Occidental Petroleum in a research report on Monday, August 18th. JPMorgan Chase & Co. upped their target price on Occidental Petroleum from $47.00 to $48.00 and gave the company a "neutral" rating in a research report on Tuesday, July 15th. Melius started coverage on shares of Occidental Petroleum in a research report on Wednesday, August 20th. They set a "hold" rating and a $64.00 price target on the stock. Finally, Wall Street Zen cut Occidental Petroleum from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. Four analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $54.65.

Occidental Petroleum Stock Performance

Shares of OXY traded up $0.14 during midday trading on Friday, reaching $47.65. The stock had a trading volume of 5,793,572 shares, compared to its average volume of 9,574,829. The firm has a market cap of $46.91 billion, a PE ratio of 28.19 and a beta of 1.04. The firm has a 50 day simple moving average of $44.30 and a 200-day simple moving average of $44.01. Occidental Petroleum has a one year low of $34.78 and a one year high of $57.57. 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 (NYSE:OXY - Get Free Report) last released its earnings results on Wednesday, August 6th. The oil and gas producer reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.01. The business had revenue of $6.41 billion for the quarter, compared to analyst estimates of $6.29 billion. Occidental Petroleum had a return on equity of 13.78% and a net margin of 8.79%.Occidental Petroleum's revenue was down 6.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.03 earnings per share.

Institutional Trading of Occidental Petroleum

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Northeast Financial Consultants Inc increased its position in shares of Occidental Petroleum by 0.4% during the first quarter. Northeast Financial Consultants Inc now owns 58,549 shares of the oil and gas producer's stock worth $2,890,000 after buying an additional 242 shares during the period. Inspire Investing LLC grew its holdings in Occidental Petroleum by 3.8% during the 2nd quarter. Inspire Investing LLC now owns 6,720 shares of the oil and gas producer's stock worth $282,000 after acquiring an additional 247 shares during the period. MassMutual Private Wealth & Trust FSB raised its position in shares of Occidental Petroleum by 20.2% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,631 shares of the oil and gas producer's stock worth $81,000 after acquiring an additional 274 shares in the last quarter. S.A. Mason LLC lifted its stake in shares of Occidental Petroleum by 5.9% in the 2nd quarter. S.A. Mason LLC now owns 5,306 shares of the oil and gas producer's stock valued at $223,000 after purchasing an additional 295 shares during the period. Finally, Moody National Bank Trust Division grew its stake in Occidental Petroleum by 2.0% during the second quarter. Moody National Bank Trust Division now owns 15,326 shares of the oil and gas producer's stock worth $644,000 after purchasing an additional 300 shares during the period. Institutional investors and hedge funds own 88.70% of the company's stock.

Occidental Petroleum Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, September 10th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Wednesday, September 10th. Occidental Petroleum's payout ratio is 56.80%.

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.