Occidental Petroleum Co. (NYSE:OXY – Free Report) – Research analysts at Zacks Research cut their Q2 2025 earnings estimates for shares of Occidental Petroleum in a note issued to investors on Wednesday, May 28th. Zacks Research analyst J. Saha now forecasts that the oil and gas producer will post earnings of $0.36 per share for the quarter, down from their prior estimate of $0.80. The consensus estimate for Occidental Petroleum’s current full-year earnings is $3.58 per share. Zacks Research also issued estimates for Occidental Petroleum’s Q3 2025 earnings at $0.49 EPS, Q4 2025 earnings at $0.50 EPS, FY2025 earnings at $2.22 EPS, Q1 2026 earnings at $0.56 EPS, Q2 2026 earnings at $0.54 EPS, Q3 2026 earnings at $0.59 EPS, Q4 2026 earnings at $0.47 EPS, FY2026 earnings at $2.16 EPS and FY2027 earnings at $2.87 EPS.
A number of other analysts have also recently issued reports on OXY. Wall Street Zen cut shares of Occidental Petroleum from a “hold” rating to a “sell” rating in a research note on Thursday, February 27th. Barclays boosted their price objective on shares of Occidental Petroleum from $46.00 to $48.00 and gave the company an “equal weight” rating in a research report on Thursday, May 8th. Scotiabank cut Occidental Petroleum from a “sector outperform” rating to a “sector perform” rating and set a $40.00 price target for the company. in a report on Friday, April 11th. Raymond James downgraded Occidental Petroleum from a “strong-buy” rating to an “outperform” rating and lowered their target price for the stock from $81.00 to $64.00 in a research note on Monday, March 10th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Occidental Petroleum from $52.00 to $47.00 and set a “neutral” rating for the company in a research report on Friday, May 9th. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $53.14.
Occidental Petroleum Trading Up 1.6%
Occidental Petroleum stock opened at $41.44 on Monday. Occidental Petroleum has a one year low of $34.79 and a one year high of $64.76. The company has a market cap of $40.78 billion, a price-to-earnings ratio of 16.98 and a beta of 0.81. The firm has a 50-day moving average of $41.32 and a 200-day moving average of $46.25. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.95 and a quick ratio of 0.76.
Occidental Petroleum (NYSE:OXY – Get Free Report) last posted its earnings results on Wednesday, May 7th. The oil and gas producer reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.13. The firm had revenue of $6.80 billion during the quarter, compared to analysts’ expectations of $6.97 billion. Occidental Petroleum had a return on equity of 16.33% and a net margin of 11.37%. The company’s revenue was up 13.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.63 earnings per share.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of the stock. Berkshire Hathaway Inc boosted its stake 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 during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Occidental Petroleum by 17.8% in the 1st quarter. Vanguard Group Inc. now owns 80,230,989 shares of the oil and gas producer’s stock worth $3,960,202,000 after buying an additional 12,107,285 shares during the last quarter. Geode Capital Management LLC boosted its stake in Occidental Petroleum by 2.9% in 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 last quarter. H&H International Investment LLC boosted its stake in Occidental Petroleum by 1.8% in the first quarter. H&H International Investment LLC now owns 13,826,100 shares of the oil and gas producer’s stock valued at $682,456,000 after acquiring an additional 249,100 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Occidental Petroleum by 9.6% in the first quarter. Dimensional Fund Advisors LP now owns 8,128,136 shares of the oil and gas producer’s stock valued at $401,162,000 after purchasing an additional 710,220 shares during the last quarter. Hedge funds and other institutional investors own 88.70% of the company’s stock.
Occidental Petroleum Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, June 10th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 2.32%. The ex-dividend date is Tuesday, June 10th. Occidental Petroleum’s payout ratio is currently 39.02%.
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.
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