Zacks Research Analysts Decrease Earnings Estimates for OXY

Occidental Petroleum Corporation (NYSE:OXY) – Investment analysts at Zacks Research lowered their Q1 2027 earnings per share (EPS) estimates for shares of Occidental Petroleum in a research report issued to clients and investors on Tuesday, January 27th. Zacks Research analyst Team now anticipates that the oil and gas producer will post earnings per share of $0.43 for the quarter, down from their previous estimate of $0.49. Zacks Research currently has a “Strong Sell” rating on the stock. The consensus estimate for Occidental Petroleum’s current full-year earnings is $3.58 per share.

Other equities research analysts also recently issued research reports about the stock. Hsbc Global Res raised shares of Occidental Petroleum from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 3rd. Susquehanna lowered their target price on Occidental Petroleum from $55.00 to $51.00 and set a “positive” rating for the company in a report on Monday, January 26th. Wolfe Research cut their price target on Occidental Petroleum from $55.00 to $54.00 and set an “outperform” rating on the stock in a report on Wednesday, January 21st. Morgan Stanley lowered their price objective on Occidental Petroleum from $51.00 to $50.00 and set an “overweight” rating for the company in a research note on Friday, January 23rd. Finally, Jefferies Financial Group cut their target price on Occidental Petroleum from $44.00 to $42.00 and set a “hold” rating on the stock in a research note on Tuesday, January 20th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eleven have assigned a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $47.43.

Occidental Petroleum Price Performance

Shares of NYSE OXY opened at $45.38 on Thursday. The company has a current ratio of 0.94, a quick ratio of 0.71 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $44.71 billion, a price-to-earnings ratio of 33.37 and a beta of 0.38. Occidental Petroleum has a twelve month low of $34.78 and a twelve month high of $52.58. The business has a 50 day simple moving average of $41.98 and a 200-day simple moving average of $43.33.

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

Institutional Investors Weigh In On Occidental Petroleum

A number of institutional investors have recently bought and sold shares of the business. University of Texas Texas AM Investment Management Co. acquired a new stake in Occidental Petroleum during the second quarter valued at $27,000. Activest Wealth Management raised its stake in shares of Occidental Petroleum by 68.5% during the 4th quarter. Activest Wealth Management now owns 750 shares of the oil and gas producer’s stock worth $31,000 after purchasing an additional 305 shares in the last quarter. City Holding Co. grew its stake in shares of Occidental Petroleum by 250.0% in the 3rd quarter. City Holding Co. now owns 700 shares of the oil and gas producer’s stock valued at $33,000 after buying an additional 500 shares in the last quarter. Binnacle Investments Inc acquired a new position in Occidental Petroleum in the third quarter worth approximately $35,000. Finally, Hantz Financial Services Inc. raised its position in Occidental Petroleum by 1,193.9% during the second quarter. Hantz Financial Services Inc. now owns 854 shares of the oil and gas producer’s stock valued at $36,000 after acquiring an additional 788 shares in the last quarter. 88.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director William R. Klesse acquired 5,000 shares of Occidental Petroleum stock in a transaction on Tuesday, December 16th. The stock was bought at an average cost of $38.98 per share, with a total value of $194,900.00. Following the completion of the purchase, the director owned 218,913 shares of the company’s stock, valued at $8,533,228.74. This represents a 2.34% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.31% of the stock is owned by company insiders.

Occidental Petroleum Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 10th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Wednesday, December 10th. Occidental Petroleum’s payout ratio is presently 70.59%.

Occidental Petroleum Company Profile

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.