Q1 EPS Estimates for OXY Lowered by Capital One Financial

Occidental Petroleum Co. (NYSE:OXY) – Stock analysts at Capital One Financial reduced their Q1 2025 earnings per share estimates for shares of Occidental Petroleum in a research report issued on Wednesday, April 16th. Capital One Financial analyst B. Velie now forecasts that the oil and gas producer will earn $0.85 per share for the quarter, down from their prior estimate of $0.86. The consensus estimate for Occidental Petroleum’s current full-year earnings is $3.58 per share.

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

Other research analysts also recently issued research reports about the company. UBS Group lowered their price target on Occidental Petroleum from $44.00 to $38.00 and set a “neutral” rating on the stock in a report on Wednesday. Raymond James downgraded Occidental Petroleum from a “strong-buy” rating to an “outperform” rating and dropped their target price for the company from $81.00 to $64.00 in a report on Monday, March 10th. Roth Capital set a $54.00 price target on shares of Occidental Petroleum in a report on Thursday, January 23rd. JPMorgan Chase & Co. dropped their price objective on shares of Occidental Petroleum from $59.00 to $52.00 and set a “neutral” rating on the stock in a research note on Thursday, March 13th. Finally, The Goldman Sachs Group downgraded shares of Occidental Petroleum from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $54.00 to $45.00 in a research note on Friday, January 31st. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $55.81.

Occidental Petroleum Trading Up 3.3 %

Occidental Petroleum stock opened at $39.72 on Friday. The company has a 50 day moving average price of $45.57 and a 200 day moving average price of $48.63. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.76 and a current ratio of 0.95. Occidental Petroleum has a 52 week low of $34.79 and a 52 week high of $68.43. The firm has a market capitalization of $37.33 billion, a price-to-earnings ratio of 16.28 and a beta of 1.02.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Berkshire Hathaway Inc raised its holdings in shares of Occidental Petroleum by 3.5% in the 4th quarter. Berkshire Hathaway Inc now owns 264,178,414 shares of the oil and gas producer’s stock worth $13,053,055,000 after buying an additional 8,896,890 shares in the last quarter. Vanguard Group Inc. raised its stake in Occidental Petroleum by 18.1% during the fourth quarter. Vanguard Group Inc. now owns 68,123,704 shares of the oil and gas producer’s stock worth $3,365,992,000 after acquiring an additional 10,434,098 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Occidental Petroleum by 2.9% during 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 acquiring an additional 398,467 shares during the period. Northern Trust Corp boosted its stake in shares of Occidental Petroleum by 7.5% in the 4th quarter. Northern Trust Corp now owns 7,065,061 shares of the oil and gas producer’s stock valued at $349,085,000 after purchasing an additional 491,797 shares in the last quarter. Finally, Invesco Ltd. increased 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 worth $314,133,000 after purchasing an additional 1,278,389 shares in the last quarter. Institutional investors and hedge funds own 88.70% of the company’s stock.

Insider Buying and Selling at Occidental Petroleum

In other Occidental Petroleum news, major shareholder Berkshire Hathaway Inc purchased 763,017 shares of the 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 directly owns 264,941,431 shares of the company’s stock, valued at $12,404,557,799.42. This represents a 0.29 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.31% of the company’s stock.

Occidental Petroleum Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 10th were given a $0.24 dividend. This is an increase from Occidental Petroleum’s previous quarterly dividend of $0.22. This represents a $0.96 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend was Monday, March 10th. 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.