Q2 EPS Estimate for Occidental Petroleum Lifted by Analyst

Occidental Petroleum Co. (NYSE:OXY) – Analysts at Roth Capital lifted their Q2 2025 earnings per share estimates for Occidental Petroleum in a report released on Wednesday, February 19th. Roth Capital analyst L. Mariani now anticipates that the oil and gas producer will post earnings per share of $0.89 for the quarter, up from their prior estimate of $0.81. The consensus estimate for Occidental Petroleum’s current full-year earnings is $3.58 per share. Roth Capital also issued estimates for Occidental Petroleum’s Q3 2025 earnings at $0.96 EPS, Q4 2025 earnings at $1.18 EPS, FY2025 earnings at $3.94 EPS, Q1 2026 earnings at $1.09 EPS, Q2 2026 earnings at $0.93 EPS, Q3 2026 earnings at $1.04 EPS and FY2026 earnings at $4.17 EPS.

A number of other research analysts have also recently commented on OXY. The Goldman Sachs Group cut Occidental Petroleum from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $54.00 to $45.00 in a research report on Friday, January 31st. Mizuho decreased their price target on Occidental Petroleum from $72.00 to $70.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. Piper Sandler decreased their target price on Occidental Petroleum from $57.00 to $51.00 and set a “neutral” rating on the stock in a research report on Thursday, December 19th. Truist Financial lifted their target price on Occidental Petroleum from $56.00 to $58.00 and gave the company a “hold” rating in a research report on Monday, January 13th. Finally, UBS Group lifted their target price on Occidental Petroleum from $54.00 to $56.00 and gave the company a “neutral” rating in a research report on Thursday. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $61.55.

Occidental Petroleum Stock Down 3.2 %

Shares of NYSE OXY opened at $50.42 on Friday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.76 and a current ratio of 0.95. Occidental Petroleum has a 52 week low of $45.17 and a 52 week high of $71.18. The stock has a market capitalization of $47.31 billion, a P/E ratio of 20.66 and a beta of 1.55. The stock’s fifty day moving average is $49.20 and its 200 day moving average is $51.37.

Occidental Petroleum (NYSE:OXY) last issued its quarterly earnings results on Tuesday, February 18th. The oil and gas producer reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.13. Occidental Petroleum had a return on equity of 16.33% and a net margin of 11.37%. The company had revenue of $6.84 billion for the quarter, compared to analysts’ expectations of $7.14 billion.

Hedge Funds Weigh In On Occidental Petroleum

A number of hedge funds and other institutional investors have recently made changes to their positions in OXY. Vanguard Group Inc. lifted its stake in shares of Occidental Petroleum by 18.1% in the fourth quarter. Vanguard Group Inc. now owns 68,123,704 shares of the oil and gas producer’s stock worth $3,365,992,000 after acquiring an additional 10,434,098 shares during the period. Berkshire Hathaway Inc lifted its stake in shares of Occidental Petroleum by 3.5% in the fourth quarter. Berkshire Hathaway Inc now owns 264,178,414 shares of the oil and gas producer’s stock worth $13,053,055,000 after acquiring an additional 8,896,890 shares during the period. H&H International Investment LLC lifted its stake in shares of Occidental Petroleum by 497.7% in the third quarter. H&H International Investment LLC now owns 9,223,700 shares of the oil and gas producer’s stock worth $475,389,000 after acquiring an additional 7,680,598 shares during the period. Worldquant Millennium Advisors LLC lifted its stake in Occidental Petroleum by 1,075.3% in the fourth quarter. Worldquant Millennium Advisors LLC now owns 1,930,776 shares of the oil and gas producer’s stock valued at $95,400,000 after buying an additional 1,766,491 shares during the period. Finally, Marshall Wace LLP boosted its holdings in shares of Occidental Petroleum by 48.1% during the 4th quarter. Marshall Wace LLP now owns 4,117,777 shares of the oil and gas producer’s stock worth $203,459,000 after buying an additional 1,337,728 shares in the last quarter. 88.70% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, major shareholder Berkshire Hathaway Inc acquired 3,614,015 shares of the business’s stock in a transaction that occurred on Thursday, December 19th. The shares were bought at an average cost of $45.60 per share, with a total value of $164,799,084.00. Following the completion of the purchase, the insider now directly owns 264,178,414 shares in the company, valued at $12,046,535,678.40. The trade was a 1.39 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Over the last three months, insiders have bought 6,854,394 shares of company stock valued at $315,101,532. 0.31% of the stock is currently owned by corporate insiders.

Occidental Petroleum Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 10th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.90%. This is a positive change from Occidental Petroleum’s previous quarterly dividend of $0.22. The ex-dividend date is Monday, March 10th. Occidental Petroleum’s dividend payout ratio (DPR) is presently 36.07%.

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.