Capital One Financial Has Positive View of OXY Q1 Earnings

Occidental Petroleum Co. (NYSE:OXY) – Analysts at Capital One Financial increased their Q1 2025 EPS estimates for Occidental Petroleum in a research note issued to investors on Tuesday, October 15th. Capital One Financial analyst B. Velie now anticipates that the oil and gas producer will post earnings of $0.41 per share for the quarter, up from their prior forecast of $0.39. The consensus estimate for Occidental Petroleum’s current full-year earnings is $3.49 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.

Other analysts have also recently issued research reports about the stock. Wolfe Research initiated coverage on shares of Occidental Petroleum in a research note on Thursday, July 18th. They set an “outperform” rating and a $81.00 price objective for the company. Stephens reiterated an “overweight” rating and issued a $76.00 target price on shares of Occidental Petroleum in a report on Thursday, August 8th. Mizuho decreased their target price on shares of Occidental Petroleum from $76.00 to $72.00 and set a “neutral” rating on the stock in a report on Monday, September 16th. Truist Financial decreased their target price on shares of Occidental Petroleum from $65.00 to $56.00 and set a “hold” rating on the stock in a report on Monday, September 30th. Finally, BMO Capital Markets decreased their target price on shares of Occidental Petroleum from $70.00 to $65.00 and set a “market perform” rating on the stock in a report on Friday, October 4th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Occidental Petroleum presently has an average rating of “Hold” and an average target price of $65.72.

Occidental Petroleum Stock Up 0.9 %

Shares of NYSE OXY opened at $51.73 on Friday. Occidental Petroleum has a 12-month low of $49.75 and a 12-month high of $71.18. The stock has a market cap of $45.87 billion, a PE ratio of 14.13 and a beta of 1.57. The company has a current ratio of 1.04, a quick ratio of 0.75 and a debt-to-equity ratio of 0.77. The company has a 50-day moving average of $54.21 and a 200 day moving average of $59.96.

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of OXY. Himalaya Capital Management LLC acquired a new stake in Occidental Petroleum during the 2nd quarter worth $92,433,000. Clean Energy Transition LLP acquired a new stake in shares of Occidental Petroleum in the 1st quarter worth $67,601,000. Sarasin & Partners LLP acquired a new stake in shares of Occidental Petroleum in the 2nd quarter worth $63,880,000. Scharf Investments LLC acquired a new stake in shares of Occidental Petroleum in the 2nd quarter worth $42,744,000. Finally, American Century Companies Inc. lifted its stake in shares of Occidental Petroleum by 16.8% in the second quarter. American Century Companies Inc. now owns 3,707,555 shares of the oil and gas producer’s stock valued at $233,687,000 after purchasing an additional 532,318 shares during the period. 88.70% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Occidental Petroleum

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

Occidental Petroleum Announces Dividend

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

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.