OXY Q1 EPS Forecast Decreased by Capital One Financial

Occidental Petroleum Co. (NYSE:OXY) – Investment analysts at Capital One Financial reduced their Q1 2025 earnings per share (EPS) estimates for Occidental Petroleum in a research note issued on Monday, March 10th. Capital One Financial analyst B. Velie now anticipates that the oil and gas producer will post earnings of $0.77 per share for the quarter, down from their prior forecast of $0.93. The consensus estimate for Occidental Petroleum’s current full-year earnings is $3.58 per share. Capital One Financial also issued estimates for Occidental Petroleum’s Q2 2025 earnings at $0.92 EPS and FY2025 earnings at $3.56 EPS.

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

A number of other equities research analysts have also recently commented on OXY. TD Cowen decreased their price objective on Occidental Petroleum from $80.00 to $68.00 and set a “buy” rating for the company in a research note on Tuesday, November 12th. Wolfe Research boosted their target price on Occidental Petroleum from $73.00 to $75.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Stephens reissued an “overweight” rating and issued a $71.00 target price on shares of Occidental Petroleum in a research note on Wednesday, February 19th. Wells Fargo & Company reissued an “equal weight” rating on shares of Occidental Petroleum in a research note on Friday, February 21st. Finally, Citigroup decreased their target price on Occidental Petroleum from $57.00 to $56.00 and set a “neutral” rating for the company in a research note on Tuesday, November 26th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $60.86.

Occidental Petroleum Trading Down 2.3 %

OXY stock opened at $46.28 on Wednesday. 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 $44.70 and a twelve month high of $71.18. The business has a fifty day moving average of $49.18 and a 200-day moving average of $50.50. The company has a market cap of $43.43 billion, a P/E ratio of 18.97 and a beta of 1.51.

Occidental Petroleum Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 10th will be paid a $0.24 dividend. This is a positive change from Occidental Petroleum’s previous quarterly dividend of $0.22. The ex-dividend date is Monday, March 10th. This represents a $0.96 annualized dividend and a yield of 2.07%. Occidental Petroleum’s dividend payout ratio is currently 39.34%.

Insider Buying and Selling at Occidental Petroleum

In other news, major shareholder Berkshire Hathaway Inc bought 3,614,015 shares of the firm’s stock in a transaction dated Thursday, December 19th. The shares were bought at an average price of $45.60 per share, with a total value of $164,799,084.00. Following the completion of the transaction, the insider now owns 264,178,414 shares of the company’s stock, valued at $12,046,535,678.40. This trade represents a 1.39 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have acquired 6,854,394 shares of company stock worth $315,101,532 over the last 90 days. Company insiders own 0.31% of the company’s stock.

Institutional Investors Weigh In On Occidental Petroleum

A number of large investors have recently added to or reduced their stakes in OXY. Altshuler Shaham Ltd acquired a new stake in shares of Occidental Petroleum in the 4th quarter valued at $26,000. Whipplewood Advisors LLC bought a new position in Occidental Petroleum during the 4th quarter worth $27,000. VSM Wealth Advisory LLC acquired a new stake in Occidental Petroleum during the 4th quarter worth about $27,000. Mizuho Securities Co. Ltd. acquired a new stake in Occidental Petroleum during the 3rd quarter worth about $32,000. Finally, Bernard Wealth Management Corp. acquired a new stake in Occidental Petroleum during the 4th quarter worth about $32,000. Institutional investors and hedge funds 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.