Zacks Research Issues Negative Forecast for OXY Earnings

Occidental Petroleum Corporation (NYSE:OXY) – Analysts at Zacks Research decreased their Q1 2026 earnings per share estimates for Occidental Petroleum in a research report issued on Tuesday, January 27th. Zacks Research analyst Team now expects that the oil and gas producer will earn $0.31 per share for the quarter, down from their prior forecast of $0.34. Zacks Research has a “Strong Sell” rating on the stock. 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 Q2 2026 earnings at $0.24 EPS, Q3 2026 earnings at $0.32 EPS, Q4 2026 earnings at $0.27 EPS, FY2026 earnings at $1.14 EPS, Q2 2027 earnings at $0.27 EPS, Q3 2027 earnings at $0.53 EPS, Q4 2027 earnings at $0.34 EPS and FY2027 earnings at $1.58 EPS.

A number of other research analysts have also recently weighed in on OXY. Citigroup dropped their price objective on shares of Occidental Petroleum from $49.00 to $45.00 and set a “neutral” rating for the company in a report on Wednesday, November 19th. Evercore ISI decreased their price target on shares of Occidental Petroleum from $40.00 to $38.00 and set an “underperform” rating for the company in a research report on Friday, October 3rd. Wolfe Research cut their price objective on Occidental Petroleum from $55.00 to $54.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 21st. BMO Capital Markets reduced their price objective on Occidental Petroleum from $50.00 to $48.00 and set a “market perform” rating on the stock in a research note on Monday, January 12th. Finally, HSBC lowered 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. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eleven have issued a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $47.43.

Occidental Petroleum Stock Up 1.4%

Shares of NYSE:OXY opened at $45.45 on Wednesday. The firm has a market capitalization of $44.78 billion, a PE ratio of 33.42 and a beta of 0.38. Occidental Petroleum has a 1 year low of $34.78 and a 1 year high of $52.58. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.94 and a quick ratio of 0.71. The firm’s 50-day moving average is $41.90 and its two-hundred day moving average is $43.33.

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

Occidental Petroleum Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 10th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Wednesday, December 10th. Occidental Petroleum’s dividend payout ratio is currently 70.59%.

Insider Activity at Occidental Petroleum

In other Occidental Petroleum news, Director William R. Klesse bought 5,000 shares of the business’s stock in a transaction dated Tuesday, December 16th. The shares were acquired at an average price of $38.98 per share, with a total value of $194,900.00. Following the transaction, the director owned 218,913 shares of the company’s stock, valued at approximately $8,533,228.74. The trade was a 2.34% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.31% of the company’s stock.

Institutional Trading of Occidental Petroleum

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Woodline Partners LP boosted its holdings in shares of Occidental Petroleum by 40.7% in the 1st quarter. Woodline Partners LP now owns 57,079 shares of the oil and gas producer’s stock valued at $2,817,000 after buying an additional 16,506 shares in the last quarter. State of Alaska Department of Revenue lifted its position in Occidental Petroleum by 0.7% in the second quarter. State of Alaska Department of Revenue now owns 79,698 shares of the oil and gas producer’s stock valued at $3,348,000 after acquiring an additional 540 shares during the last quarter. V Square Quantitative Management LLC boosted its stake in Occidental Petroleum by 22.7% in the second quarter. V Square Quantitative Management LLC now owns 5,648 shares of the oil and gas producer’s stock valued at $237,000 after acquiring an additional 1,045 shares in the last quarter. GC Wealth Management RIA LLC purchased a new position in shares of Occidental Petroleum during the second quarter worth about $211,000. Finally, PFG Investments LLC increased its position in shares of Occidental Petroleum by 3.1% during the second quarter. PFG Investments LLC now owns 19,642 shares of the oil and gas producer’s stock worth $825,000 after purchasing an additional 585 shares in the last quarter. Institutional investors and hedge funds own 88.70% of the company’s stock.

Trending Headlines about Occidental Petroleum

Here are the key news stories impacting Occidental Petroleum this week:

• Positive Sentiment: Piper Sandler raised its price target to $47 and kept a “neutral” rating — a small upside signal that may support near-term buying interest. Piper Sandler raises PT to $47
• Positive Sentiment: Zacks published a note highlighting that OXY outperformed the market intraday, reinforcing momentum-driven demand among traders. Occidental Petroleum (OXY) Ascends While Market Falls
• Neutral Sentiment: Analyst comparison pieces (OXY vs CNQ) note both companies benefit from strong production and demand — useful context but not an immediate catalyst. OXY vs. CNQ: Which Oil & Gas Stock Currently Offers Better Returns?
• Neutral Sentiment: Longer-term performance notes (5‑year total return ~129%) underscore historical upside but don’t change near‑term fundamentals. Useful for longer‑horizon investors. Investors in Occidental Petroleum have seen strong returns of 129% over the past five years
• Negative Sentiment: Zacks Research issued a broad set of cuts to OXY’s quarterly and FY2026–FY2027 EPS estimates and assigned a “Strong Sell” stance — a clear negative catalyst that can pressure the stock if other shops follow. Zacks Research coverage and estimate cuts
• Negative Sentiment: Susquehanna lowered its expectations for OXY’s stock price, adding to downside analyst pressure and potential bearish sentiment among institutional holders. Susquehanna Has Lowered Expectations for Occidental Petroleum Stock Price

About Occidental Petroleum

Occidental Petroleum Corporation (OXY) is an international energy company engaged primarily in the exploration, production and marketing of oil and natural gas. The company conducts upstream activities to discover and produce hydrocarbons and operates complementary midstream and marketing functions to transport and sell its production. Occidental also owns a chemicals business that manufactures and sells industrial chemicals and related products for a range of end markets.

Occidental’s operations are concentrated in the United States, with a significant presence in the Permian Basin, and it maintains exploration and production activities in several international regions, including parts of the Middle East, Latin America and Africa.