What is Zacks Research’s Estimate for OXY FY2025 Earnings?

Occidental Petroleum Corporation (NYSE:OXY) – Equities research analysts at Zacks Research dropped their FY2025 earnings estimates for Occidental Petroleum in a research report issued on Monday, December 1st. Zacks Research analyst Team now anticipates that the oil and gas producer will post earnings per share of $2.17 for the year, down from their previous estimate of $2.22. The consensus estimate for Occidental Petroleum’s current full-year earnings is $3.58 per share.

Occidental Petroleum (NYSE:OXY) last posted its earnings results on Monday, November 10th. The oil and gas producer reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.16. Occidental Petroleum had a net margin of 7.81% and a return on equity of 12.35%. The company had revenue of $6.62 billion for the quarter, compared to analyst estimates of $6.66 billion. During the same period in the previous year, the business posted $1.00 EPS. Occidental Petroleum’s revenue was down 6.1% on a year-over-year basis.

OXY has been the subject of several other research reports. HSBC cut their target price on Occidental Petroleum from $55.00 to $54.00 and set a “buy” rating for the company in a research note on Wednesday, November 12th. Piper Sandler lowered their price target on Occidental Petroleum from $47.00 to $46.00 and set a “neutral” rating for the company in a report on Tuesday, November 18th. Bank of America boosted their price objective on shares of Occidental Petroleum from $44.00 to $47.00 and gave the company a “neutral” rating in a report on Monday, October 6th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Occidental Petroleum in a research report on Wednesday, October 8th. Finally, Susquehanna lifted their price target on shares of Occidental Petroleum from $54.00 to $55.00 and gave the company a “positive” rating in a research report on Thursday, November 13th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, fourteen have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Occidental Petroleum currently has an average rating of “Hold” and a consensus price target of $50.52.

Occidental Petroleum Stock Down 0.6%

OXY stock opened at $42.42 on Thursday. Occidental Petroleum has a one year low of $34.78 and a one year high of $53.20. The firm has a market cap of $41.79 billion, a PE ratio of 31.19 and a beta of 0.39. The firm’s 50 day moving average price is $42.38 and its 200-day moving average price is $43.73. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.71 and a current ratio of 0.94.

Occidental Petroleum Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 10th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Wednesday, December 10th. Occidental Petroleum’s dividend payout ratio (DPR) is presently 70.59%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. University of Texas Texas AM Investment Management Co. acquired a new position in shares of Occidental Petroleum during the second quarter worth about $27,000. City Holding Co. boosted its position in shares of Occidental Petroleum by 250.0% during the 3rd quarter. City Holding Co. now owns 700 shares of the oil and gas producer’s stock worth $33,000 after acquiring an additional 500 shares in the last quarter. Binnacle Investments Inc acquired a new stake in Occidental Petroleum during the third quarter worth approximately $35,000. Hantz Financial Services Inc. raised its stake in Occidental Petroleum by 1,193.9% during the 2nd quarter. Hantz Financial Services Inc. now owns 854 shares of the oil and gas producer’s stock worth $36,000 after acquiring an additional 788 shares in the last quarter. Finally, GoalVest Advisory LLC purchased a new stake in shares of Occidental Petroleum in the 3rd quarter valued at about $38,000. 88.70% of the stock is owned by institutional investors and hedge funds.

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.