Roth Capital Has Optimistic Outlook of OXY Q1 Earnings

Occidental Petroleum Co. (NYSE:OXY) – Roth Capital upped their Q1 2025 EPS estimates for shares of Occidental Petroleum in a research note issued on Tuesday, February 11th. Roth Capital analyst L. Mariani now expects that the oil and gas producer will earn $0.98 per share for the quarter, up from their prior estimate of $0.80. The consensus estimate for Occidental Petroleum’s current full-year earnings is $3.34 per share. Roth Capital also issued estimates for Occidental Petroleum’s Q2 2025 earnings at $0.81 EPS, Q3 2025 earnings at $0.88 EPS, Q4 2025 earnings at $1.09 EPS and FY2025 earnings at $3.75 EPS.

Other equities research analysts have also issued reports about the company. Stephens raised their price objective on Occidental Petroleum from $70.00 to $71.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. Mizuho cut their target price on shares of Occidental Petroleum from $72.00 to $70.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. Citigroup reduced their price target on Occidental Petroleum from $57.00 to $56.00 and set a “neutral” rating for the company in a report on Tuesday, November 26th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $56.00 target price on shares of Occidental Petroleum in a research report on Friday, November 8th. Finally, Truist Financial upped their target price on Occidental Petroleum from $56.00 to $58.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $61.71.

Occidental Petroleum Stock Up 0.5 %

NYSE OXY opened at $48.13 on Friday. The company has a market capitalization of $45.16 billion, a P/E ratio of 12.53 and a beta of 1.55. Occidental Petroleum has a 12 month low of $45.17 and a 12 month high of $71.18. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.00 and a quick ratio of 0.76. The company’s 50 day simple moving average is $49.00 and its 200 day simple moving average is $51.71.

Insiders Place Their Bets

In other news, major shareholder Berkshire Hathaway Inc acquired 763,017 shares of Occidental Petroleum stock in a transaction on Friday, February 7th. The shares were purchased at an average price of $46.82 per share, with a total value of $35,724,455.94. Following the acquisition, the insider now owns 264,941,431 shares in the company, valued at $12,404,557,799.42. This represents a 0.29 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have purchased a total of 6,854,394 shares of company stock valued at $315,101,532 in the last 90 days. 0.31% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Occidental Petroleum

A number of institutional investors and hedge funds have recently made changes to their positions in OXY. Vanguard Group Inc. raised its holdings in Occidental Petroleum by 18.1% during the 4th quarter. Vanguard Group Inc. now owns 68,123,704 shares of the oil and gas producer’s stock worth $3,365,992,000 after purchasing an additional 10,434,098 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Occidental Petroleum by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 14,245,357 shares of the oil and gas producer’s stock valued at $701,816,000 after buying an additional 398,467 shares during the period. H&H International Investment LLC boosted its stake in Occidental Petroleum by 497.7% in the third quarter. H&H International Investment LLC now owns 9,223,700 shares of the oil and gas producer’s stock valued at $475,389,000 after acquiring an additional 7,680,598 shares during the last quarter. Northern Trust Corp grew its holdings in Occidental Petroleum by 7.5% during the 4th quarter. Northern Trust Corp now owns 7,065,061 shares of the oil and gas producer’s stock worth $349,085,000 after acquiring an additional 491,797 shares during the period. Finally, Invesco Ltd. raised its position in shares of Occidental Petroleum by 25.2% during the 4th quarter. Invesco Ltd. now owns 6,357,689 shares of the oil and gas producer’s stock valued at $314,133,000 after acquiring an additional 1,278,389 shares during the last quarter. Institutional investors own 88.70% of the company’s stock.

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.