Q1 EPS Forecast for Occidental Petroleum Cut by Analyst

Occidental Petroleum Co. (NYSE:OXY) – Equities researchers at Capital One Financial decreased their Q1 2025 earnings estimates for shares of Occidental Petroleum in a research report issued to clients and investors on Wednesday, April 16th. Capital One Financial analyst B. Velie now forecasts that the oil and gas producer will post earnings per share of $0.85 for the quarter, down from their prior forecast of $0.86. The consensus estimate for Occidental Petroleum’s current full-year earnings is $3.58 per share.

A number of other research analysts also recently issued reports on the stock. TD Cowen downgraded shares of Occidental Petroleum from a “buy” rating to a “hold” rating and dropped their target price for the company from $68.00 to $45.00 in a research report on Tuesday, April 8th. UBS Group reduced their target price on Occidental Petroleum from $44.00 to $38.00 and set a “neutral” rating for the company in a research note on Wednesday. Wells Fargo & Company reiterated an “equal weight” rating on shares of Occidental Petroleum in a report on Friday, February 21st. Morgan Stanley set a $58.00 price objective on Occidental Petroleum and gave the company an “overweight” rating in a report on Wednesday, March 26th. Finally, StockNews.com cut shares of Occidental Petroleum from a “hold” rating to a “sell” rating in a report on Thursday, February 27th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Occidental Petroleum has an average rating of “Hold” and a consensus price target of $55.81.

Occidental Petroleum Stock Up 3.3 %

Shares of Occidental Petroleum stock opened at $39.72 on Friday. Occidental Petroleum has a one year low of $34.79 and a one year high of $68.43. 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 stock’s 50-day moving average is $45.75 and its 200 day moving average is $48.72. The firm has a market cap of $37.33 billion, a price-to-earnings ratio of 16.28 and a beta of 1.02.

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

Occidental Petroleum Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 10th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 2.42%. This is an increase from Occidental Petroleum’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Monday, March 10th. Occidental Petroleum’s dividend payout ratio (DPR) is presently 39.34%.

Insider Transactions at Occidental Petroleum

In related news, major shareholder Berkshire Hathaway Inc acquired 763,017 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The shares were bought at an average cost of $46.82 per share, for a total transaction of $35,724,455.94. Following the completion of the transaction, the insider now owns 264,941,431 shares in the company, valued at approximately $12,404,557,799.42. This trade represents a 0.29 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.31% of the company’s stock.

Hedge Funds Weigh In On Occidental Petroleum

A number of hedge funds and other institutional investors have recently modified their holdings of OXY. Altshuler Shaham Ltd purchased a new stake in shares of Occidental Petroleum in the 4th quarter valued at $26,000. Whipplewood Advisors LLC bought a new stake in shares of Occidental Petroleum in the 4th quarter valued at about $27,000. VSM Wealth Advisory LLC bought a new position in Occidental Petroleum during the 4th quarter worth approximately $27,000. Bernard Wealth Management Corp. purchased a new stake in shares of Occidental Petroleum during the fourth quarter valued at approximately $32,000. Finally, Grove Bank & Trust increased its stake in shares of Occidental Petroleum by 129.2% in the first quarter. Grove Bank & Trust now owns 722 shares of the oil and gas producer’s stock worth $36,000 after buying an additional 407 shares during the period. 88.70% of the stock is currently owned by hedge funds and other institutional investors.

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.