Q1 Earnings Estimate for OXY Issued By Capital One Financial

Occidental Petroleum Co. (NYSE:OXY) – Stock analysts at Capital One Financial boosted their Q1 2025 earnings per share (EPS) estimates for Occidental Petroleum in a research report issued on Tuesday, October 15th. Capital One Financial analyst B. Velie now anticipates that the oil and gas producer will post earnings per share of $0.41 for the quarter, up from their prior estimate of $0.39. The consensus estimate for Occidental Petroleum’s current full-year earnings is $3.48 per share. Capital One Financial also issued estimates for Occidental Petroleum’s Q2 2025 earnings at $0.40 EPS, Q3 2025 earnings at $0.40 EPS, Q4 2025 earnings at $0.39 EPS, FY2025 earnings at $1.59 EPS and FY2026 earnings at $1.75 EPS.

Occidental Petroleum (NYSE:OXY) last announced its quarterly earnings data on Wednesday, August 7th. The oil and gas producer reported $1.03 EPS for the quarter, beating the consensus estimate of $0.77 by $0.26. Occidental Petroleum had a net margin of 16.62% and a return on equity of 17.91%. The firm had revenue of $6.88 billion during the quarter, compared to analysts’ expectations of $6.93 billion. During the same quarter last year, the business earned $0.68 earnings per share. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year.

OXY has been the subject of several other reports. Mizuho reduced their price objective on Occidental Petroleum from $76.00 to $72.00 and set a “neutral” rating for the company in a report on Monday, September 16th. BMO Capital Markets cut their price target on Occidental Petroleum from $70.00 to $65.00 and set a “market perform” rating for the company in a research note on Friday, October 4th. Bank of America assumed coverage on shares of Occidental Petroleum in a research note on Thursday. They issued a “neutral” rating and a $57.00 price objective on the stock. Wolfe Research assumed coverage on shares of Occidental Petroleum in a research report on Thursday, July 18th. They set an “outperform” rating and a $81.00 target price for the company. Finally, StockNews.com lowered shares of Occidental Petroleum from a “hold” rating to a “sell” rating in a research report on Saturday, October 5th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $65.72.

Occidental Petroleum Price Performance

Shares of NYSE:OXY opened at $51.66 on Friday. The firm has a market capitalization of $45.80 billion, a price-to-earnings ratio of 14.11 and a beta of 1.57. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.04 and a quick ratio of 0.75. The business’s 50 day simple moving average is $54.08 and its 200-day simple moving average is $59.81. Occidental Petroleum has a 12 month low of $49.75 and a 12 month high of $71.18.

Occidental Petroleum Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, September 10th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date of this dividend was Tuesday, September 10th. Occidental Petroleum’s payout ratio is 24.04%.

Insider Buying and Selling at Occidental Petroleum

In other news, major shareholder Petroleum Corp /De/ Occidental sold 19,500,000 shares of the stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $35.75, for a total transaction of $697,125,000.00. Following the transaction, the insider now directly owns 165,681,578 shares in the company, valued at $5,923,116,413.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.31% of the stock is owned by company insiders.

Institutional Trading of Occidental Petroleum

A number of institutional investors and hedge funds have recently made changes to their positions in OXY. Investment Research & Advisory Group Inc. increased its position in Occidental Petroleum by 75.2% during the 1st quarter. Investment Research & Advisory Group Inc. now owns 389 shares of the oil and gas producer’s stock worth $25,000 after purchasing an additional 167 shares in the last quarter. New Covenant Trust Company N.A. purchased a new position in shares of Occidental Petroleum in the 1st quarter valued at $44,000. LRI Investments LLC acquired a new position in shares of Occidental Petroleum during the 1st quarter valued at $44,000. Strategic Financial Concepts LLC purchased a new stake in Occidental Petroleum during the 2nd quarter worth $53,000. Finally, Riverview Trust Co acquired a new stake in Occidental Petroleum in the 1st quarter valued at $63,000. 88.70% of the stock is currently owned by institutional investors and hedge funds.

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.