Roth Capital Issues Negative Estimate for OXY Earnings

Occidental Petroleum Co. (NYSE:OXY) – Stock analysts at Roth Capital dropped their Q1 2025 earnings per share (EPS) estimates for Occidental Petroleum in a research note issued on Monday, April 14th. Roth Capital analyst L. Mariani now anticipates that the oil and gas producer will earn $0.89 per share for the quarter, down from their previous forecast of $0.92. The consensus estimate for Occidental Petroleum’s current full-year earnings is $3.58 per share. Roth Capital also issued estimates for Occidental Petroleum’s Q3 2026 earnings at $0.93 EPS and Q4 2026 earnings at $1.00 EPS.

A number of other brokerages also recently issued reports on OXY. TD Cowen downgraded Occidental Petroleum from a “buy” rating to a “hold” rating and cut their price objective for the stock from $68.00 to $45.00 in a research report on Tuesday, April 8th. Stephens decreased their price target on shares of Occidental Petroleum from $60.00 to $58.00 and set an “overweight” rating for the company in a research note on Tuesday. Raymond James cut shares of Occidental Petroleum from a “strong-buy” rating to an “outperform” rating and reduced their target price for the stock from $81.00 to $64.00 in a research note on Monday, March 10th. Piper Sandler lowered their price target on Occidental Petroleum from $51.00 to $50.00 and set a “neutral” rating on the stock in a report on Thursday, March 6th. Finally, Truist Financial upped their target price on shares of Occidental Petroleum from $56.00 to $58.00 and gave the company a “hold” rating in a report on Monday, January 13th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Occidental Petroleum currently has an average rating of “Hold” and an average target price of $55.81.

Occidental Petroleum Trading Up 3.3 %

OXY stock opened at $39.72 on Wednesday. The stock has a market cap of $37.33 billion, a price-to-earnings ratio of 16.28 and a beta of 1.02. The business’s 50-day moving average is $45.75 and its 200 day moving average is $48.72. Occidental Petroleum has a 12-month low of $34.79 and a 12-month high of $68.43. The company has a current ratio of 0.95, a quick ratio of 0.76 and a debt-to-equity ratio of 0.95.

Occidental Petroleum (NYSE:OXY) last issued its earnings results on Tuesday, February 18th. The oil and gas producer reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.13. The firm had revenue of $6.84 billion for the quarter, compared to analyst estimates of $7.14 billion. Occidental Petroleum had a return on equity of 16.33% and a net margin of 11.37%.

Occidental Petroleum Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 10th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.42%. This is a positive change from Occidental Petroleum’s previous quarterly dividend of $0.22. The ex-dividend date was Monday, March 10th. Occidental Petroleum’s dividend payout ratio is 39.34%.

Insider Buying and Selling at Occidental Petroleum

In other Occidental Petroleum news, major shareholder Berkshire Hathaway Inc acquired 763,017 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The stock was acquired at an average price of $46.82 per share, with a total value of $35,724,455.94. Following the transaction, the insider now owns 264,941,431 shares of the company’s stock, valued at approximately $12,404,557,799.42. This trade represents a 0.29 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.31% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of OXY. Altshuler Shaham Ltd acquired a new position in shares of Occidental Petroleum in the fourth quarter valued at approximately $26,000. Whipplewood Advisors LLC acquired a new position in shares of Occidental Petroleum during the fourth quarter worth $27,000. VSM Wealth Advisory LLC acquired a new stake in shares of Occidental Petroleum during the 4th quarter valued at $27,000. Bernard Wealth Management Corp. bought a new position in Occidental Petroleum during the 4th quarter worth $32,000. Finally, Grove Bank & Trust increased its position in Occidental Petroleum by 129.2% during the 1st 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. 88.70% of the stock is owned by institutional investors.

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.