Zacks Research Has Pessimistic Outlook of OXY Q1 Earnings

Occidental Petroleum Co. (NYSE:OXY) – Equities research analysts at Zacks Research lowered their Q1 2025 earnings estimates for Occidental Petroleum in a research report issued to clients and investors on Tuesday, March 11th. Zacks Research analyst J. Saha now expects that the oil and gas producer will earn $0.70 per share for the quarter, down from their prior forecast of $0.83. 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 Q4 2025 earnings at $0.98 EPS, FY2025 earnings at $3.43 EPS, Q2 2026 earnings at $0.98 EPS, Q3 2026 earnings at $0.95 EPS, Q4 2026 earnings at $0.83 EPS and FY2026 earnings at $3.60 EPS.

OXY has been the subject of several other research reports. UBS Group increased their target price on shares of Occidental Petroleum from $54.00 to $56.00 and gave the company a “neutral” rating in a research note on Thursday, February 20th. Raymond James cut shares of Occidental Petroleum from a “strong-buy” rating to an “outperform” rating and reduced their target price for the company from $81.00 to $64.00 in a research note on Monday, March 10th. Citigroup reduced their target price on shares of Occidental Petroleum from $57.00 to $56.00 and set a “neutral” rating for the company in a research note on Tuesday, November 26th. Stephens reiterated an “overweight” rating and issued a $71.00 target price on shares of Occidental Petroleum in a research note on Wednesday, February 19th. Finally, The Goldman Sachs Group cut shares of Occidental Petroleum from a “neutral” rating to a “sell” rating and reduced their target price for the company from $54.00 to $45.00 in a research note on Friday, January 31st. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $60.68.

Occidental Petroleum Stock Up 2.5 %

OXY stock opened at $46.58 on Friday. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.95 and a quick ratio of 0.76. The company has a 50-day moving average of $48.95 and a two-hundred day moving average of $50.36. Occidental Petroleum has a 52-week low of $44.70 and a 52-week high of $71.18. The stock has a market capitalization of $43.71 billion, a price-to-earnings ratio of 19.09 and a beta of 1.51.

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

Institutional Trading of Occidental Petroleum

Hedge funds have recently modified their holdings of the stock. Altshuler Shaham Ltd bought a new stake in shares of Occidental Petroleum during the fourth quarter valued at approximately $26,000. VSM Wealth Advisory LLC bought a new stake in shares of Occidental Petroleum during the fourth quarter valued at approximately $27,000. Whipplewood Advisors LLC bought a new stake in shares of Occidental Petroleum during the fourth quarter valued at approximately $27,000. Bernard Wealth Management Corp. bought a new stake in shares of Occidental Petroleum during the fourth quarter valued at approximately $32,000. Finally, Atala Financial Inc bought a new stake in shares of Occidental Petroleum during the fourth quarter valued at approximately $40,000. 88.70% of the stock is owned by institutional investors.

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 dated Thursday, December 19th. The shares were acquired 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 of the company’s stock, valued at $12,046,535,678.40. This trade represents a 1.39 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders bought 6,854,394 shares of company stock valued at $315,101,532. Corporate insiders own 0.48% of the company’s stock.

Occidental Petroleum Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 10th will be issued a dividend of $0.24 per share. This is a positive change from Occidental Petroleum’s previous quarterly dividend of $0.22. The ex-dividend date is Monday, March 10th. This represents a $0.96 annualized dividend and a dividend yield of 2.06%. Occidental Petroleum’s dividend payout ratio (DPR) is presently 39.34%.

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.