Roth Capital Brokers Boost Earnings Estimates for OXY

Occidental Petroleum Co. (NYSE:OXY) – Roth Capital lifted their Q1 2025 earnings per share (EPS) estimates for shares of Occidental Petroleum in a research note issued to investors on Tuesday, February 11th. Roth Capital analyst L. Mariani now forecasts that the oil and gas producer will post earnings per share of $0.98 for the quarter, up from their previous forecast of $0.80. The consensus estimate for Occidental Petroleum’s current full-year earnings is $3.34 per share. Roth Capital also issued estimates for Occidental Petroleum’s Q2 2025 earnings at $0.81 EPS, Q3 2025 earnings at $0.88 EPS, Q4 2025 earnings at $1.09 EPS and FY2025 earnings at $3.75 EPS.

Several other brokerages have also recently commented on OXY. Susquehanna decreased their target price on shares of Occidental Petroleum from $77.00 to $65.00 and set a “positive” rating for the company in a report on Thursday, November 14th. Mizuho reduced their target price on Occidental Petroleum from $72.00 to $70.00 and set a “neutral” rating for the company in a report on Monday, December 16th. TD Cowen lowered their price target on Occidental Petroleum from $80.00 to $68.00 and set a “buy” rating on the stock in a report on Tuesday, November 12th. Truist Financial increased their price objective on Occidental Petroleum from $56.00 to $58.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. Finally, Wolfe Research raised their price objective on Occidental Petroleum from $73.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $61.71.

Occidental Petroleum Trading Up 0.5 %

NYSE:OXY opened at $48.13 on Friday. The stock has a fifty day simple moving average of $48.99 and a 200 day simple moving average of $51.79. The company has a quick ratio of 0.76, a current ratio of 1.00 and a debt-to-equity ratio of 0.96. The firm has a market capitalization of $45.16 billion, a price-to-earnings ratio of 12.53 and a beta of 1.55. Occidental Petroleum has a 1-year low of $45.17 and a 1-year high of $71.18.

Insider Transactions at Occidental Petroleum

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

Institutional Investors Weigh In On Occidental Petroleum

A number of institutional investors have recently added to or reduced their stakes in the company. Wahed Invest LLC raised its stake in shares of Occidental Petroleum by 6.5% in the fourth quarter. Wahed Invest LLC now owns 17,246 shares of the oil and gas producer’s stock valued at $852,000 after purchasing an additional 1,053 shares in the last quarter. One68 Global Capital LLC bought a new stake in Occidental Petroleum in the fourth quarter valued at about $445,000. Talon Private Wealth LLC acquired a new stake in Occidental Petroleum during the fourth quarter valued at approximately $405,000. Utah Retirement Systems lifted its position in shares of Occidental Petroleum by 2.3% during the 4th quarter. Utah Retirement Systems now owns 112,866 shares of the oil and gas producer’s stock worth $5,577,000 after buying an additional 2,500 shares during the period. Finally, Schonfeld Strategic Advisors LLC boosted its stake in Occidental Petroleum by 71.5% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 59,926 shares of the oil and gas producer’s stock valued at $2,961,000 after buying an additional 24,990 shares in the last quarter. 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.