Roth Capital Has Pessimistic Outlook of OXY Q1 Earnings

Occidental Petroleum Co. (NYSE:OXY) – Roth Capital reduced their Q1 2025 earnings per share (EPS) estimates for Occidental Petroleum in a note issued to investors on Wednesday, February 19th. Roth Capital analyst L. Mariani now forecasts that the oil and gas producer will post earnings per share of $0.92 for the quarter, down from their prior forecast of $0.98. 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 Q4 2026 earnings at $1.10 EPS.

Other research analysts have also issued research reports about the company. UBS Group raised their price objective on Occidental Petroleum from $54.00 to $56.00 and gave the company a “neutral” rating in a research report on Thursday, February 20th. Wells Fargo & Company restated an “equal weight” rating on shares of Occidental Petroleum in a research report on Friday. StockNews.com upgraded Occidental Petroleum from a “sell” rating to a “hold” rating in a research report on Wednesday, February 19th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $56.00 price target on shares of Occidental Petroleum in a research report on Friday, November 8th. Finally, TD Cowen dropped their price target on Occidental Petroleum from $80.00 to $68.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $61.55.

Occidental Petroleum Trading Down 1.1 %

Shares of Occidental Petroleum stock opened at $49.87 on Monday. The firm has a market cap of $46.80 billion, a price-to-earnings ratio of 20.44 and a beta of 1.55. The business has a 50-day moving average price of $49.26 and a 200-day moving average price of $51.28. The company has a quick ratio of 0.76, a current ratio of 0.95 and a debt-to-equity ratio of 0.95. Occidental Petroleum has a twelve month low of $45.17 and a twelve month high of $71.18.

Occidental Petroleum (NYSE:OXY) last issued its quarterly earnings data on Tuesday, February 18th. The oil and gas producer reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.13. The firm had revenue of $6.84 billion during 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%.

Institutional Trading of Occidental Petroleum

Several institutional investors and hedge funds have recently modified their holdings of OXY. Louisiana State Employees Retirement System raised its stake in Occidental Petroleum by 0.8% in the third quarter. Louisiana State Employees Retirement System now owns 37,900 shares of the oil and gas producer’s stock worth $1,953,000 after buying an additional 300 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in Occidental Petroleum by 8.6% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 39,729 shares of the oil and gas producer’s stock worth $2,027,000 after buying an additional 3,138 shares in the last quarter. PFG Investments LLC raised its stake in Occidental Petroleum by 13.7% in the third quarter. PFG Investments LLC now owns 20,163 shares of the oil and gas producer’s stock worth $1,039,000 after buying an additional 2,436 shares in the last quarter. Clear Harbor Asset Management LLC raised its stake in Occidental Petroleum by 138.4% in the third quarter. Clear Harbor Asset Management LLC now owns 41,030 shares of the oil and gas producer’s stock worth $2,115,000 after buying an additional 23,816 shares in the last quarter. Finally, Carret Asset Management LLC raised its stake in Occidental Petroleum by 52.0% in the third quarter. Carret Asset Management LLC now owns 8,581 shares of the oil and gas producer’s stock worth $442,000 after buying an additional 2,935 shares in the last quarter. Institutional investors own 88.70% of the company’s stock.

Insider Activity

In related news, major shareholder Berkshire Hathaway Inc purchased 3,614,015 shares of the firm’s stock in a transaction dated Thursday, December 19th. The stock was purchased at an average price of $45.60 per share, with a total value of $164,799,084.00. Following the completion of the purchase, the insider now owns 264,178,414 shares of the company’s stock, valued at approximately $12,046,535,678.40. The trade was a 1.39 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Over the last quarter, insiders purchased 6,854,394 shares of company stock valued at $315,101,532. Corporate insiders own 0.31% of the company’s stock.

Occidental Petroleum Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 10th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.93%. The ex-dividend date is Monday, March 10th. This is an increase from Occidental Petroleum’s previous quarterly dividend of $0.22. Occidental Petroleum’s payout ratio is currently 39.34%.

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.