Q1 EPS Estimate for Occidental Petroleum Boosted by Analyst

Occidental Petroleum Co. (NYSE:OXY) – Equities researchers at Capital One Financial increased their Q1 2025 earnings per share (EPS) estimates for Occidental Petroleum in a research report issued on Wednesday, January 8th. Capital One Financial analyst B. Velie now expects that the oil and gas producer will post earnings per share of $0.88 for the quarter, up from their prior forecast of $0.59. The consensus estimate for Occidental Petroleum’s current full-year earnings is $3.35 per share. Capital One Financial also issued estimates for Occidental Petroleum’s Q2 2025 earnings at $0.89 EPS, Q3 2025 earnings at $0.89 EPS, Q4 2025 earnings at $0.89 EPS and FY2025 earnings at $3.55 EPS.

OXY has been the subject of a number of other research reports. The Goldman Sachs Group began coverage on Occidental Petroleum in a report on Wednesday, October 2nd. They set a “neutral” rating and a $55.00 price target for the company. Wells Fargo & Company cut their price objective on shares of Occidental Petroleum from $56.00 to $53.00 and set an “equal weight” rating for the company in a research report on Monday, December 9th. Mizuho lowered their price objective on Occidental Petroleum from $72.00 to $70.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. StockNews.com raised shares of Occidental Petroleum from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $56.00 target price on shares of Occidental Petroleum in a research report on Friday, November 8th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $62.19.

Occidental Petroleum Price Performance

Shares of OXY opened at $52.11 on Monday. The company has a market cap of $48.90 billion, a price-to-earnings ratio of 13.57 and a beta of 1.57. The company has a current ratio of 1.00, a quick ratio of 0.76 and a debt-to-equity ratio of 0.96. The company’s fifty day simple moving average is $49.62 and its 200 day simple moving average is $53.61. Occidental Petroleum has a 1-year low of $45.17 and a 1-year high of $71.18.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Fortitude Family Office LLC grew its stake in Occidental Petroleum by 160.0% in the 3rd quarter. Fortitude Family Office LLC now owns 494 shares of the oil and gas producer’s stock valued at $25,000 after purchasing an additional 304 shares during the period. Mizuho Securities Co. Ltd. purchased a new stake in Occidental Petroleum during the third quarter worth about $32,000. Transamerica Financial Advisors Inc. bought a new stake in Occidental Petroleum in the third quarter worth about $50,000. Exchange Traded Concepts LLC purchased a new position in Occidental Petroleum in the third quarter valued at about $87,000. Finally, Kennebec Savings Bank purchased a new stake in shares of Occidental Petroleum during the 3rd quarter worth approximately $93,000. 88.70% of the stock is owned by institutional investors.

Insider Activity

In related news, major shareholder Berkshire Hathaway Inc purchased 2,477,362 shares of the stock in a transaction that occurred on Tuesday, December 17th. The stock was acquired at an average cost of $46.25 per share, with a total value of $114,577,992.50. Following the transaction, the insider now owns 257,758,886 shares of the company’s stock, valued at $11,921,348,477.50. This represents a 0.97 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.31% of the stock is currently owned by company insiders.

Occidental Petroleum Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 10th will be given a dividend of $0.22 per share. The ex-dividend date is Tuesday, December 10th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.69%. Occidental Petroleum’s dividend payout ratio (DPR) is presently 22.92%.

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.