Zacks Research Has Negative Estimate for OXY Q2 Earnings

Occidental Petroleum Co. (NYSE:OXY) – Analysts at Zacks Research cut their Q2 2025 earnings per share (EPS) estimates for shares of Occidental Petroleum in a research note issued on Thursday, January 9th. Zacks Research analyst J. Saha now expects that the oil and gas producer will post earnings per share of $0.77 for the quarter, down from their previous forecast of $0.80. The consensus estimate for Occidental Petroleum’s current full-year earnings is $3.35 per share. Zacks Research also issued estimates for Occidental Petroleum’s Q2 2026 earnings at $0.82 EPS.

Several other research analysts have also commented on OXY. Bank of America assumed coverage on shares of Occidental Petroleum in a research note on Thursday, October 17th. They set a “neutral” rating and a $57.00 price objective for the company. Mizuho reduced their price target on Occidental Petroleum from $72.00 to $70.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. Truist Financial dropped their price objective on Occidental Petroleum from $65.00 to $56.00 and set a “hold” rating on the stock in a report on Monday, September 30th. Wolfe Research boosted their price objective on Occidental Petroleum from $73.00 to $75.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Finally, Citigroup lowered their price target on shares of Occidental Petroleum from $57.00 to $56.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Occidental Petroleum has an average rating of “Hold” and an average target price of $62.10.

Occidental Petroleum Trading Down 0.8 %

Shares of OXY opened at $51.16 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.76 and a debt-to-equity ratio of 0.96. The company has a market cap of $48.01 billion, a P/E ratio of 13.32 and a beta of 1.57. Occidental Petroleum has a twelve month low of $45.17 and a twelve month high of $71.18. The company’s fifty day simple moving average is $49.51 and its 200-day simple moving average is $53.97.

Institutional Investors Weigh In On Occidental Petroleum

Several hedge funds and other institutional investors have recently modified their holdings of OXY. Fortitude Family Office LLC grew its position in Occidental Petroleum by 160.0% during the third quarter. Fortitude Family Office LLC now owns 494 shares of the oil and gas producer’s stock worth $25,000 after buying an additional 304 shares in the last quarter. Mizuho Securities Co. Ltd. bought a new stake in shares of Occidental Petroleum during the 3rd quarter valued at $32,000. Transamerica Financial Advisors Inc. purchased a new stake in shares of Occidental Petroleum in the third quarter worth $50,000. Exchange Traded Concepts LLC bought a new position in Occidental Petroleum during the 3rd quarter valued at about $87,000. Finally, Kennebec Savings Bank purchased a new position in shares of Occidental Petroleum in the third quarter worth approximately $93,000. Institutional investors own 88.70% of the company’s stock.

Insider Activity at Occidental Petroleum

In related news, major shareholder Berkshire Hathaway Inc bought 3,614,015 shares of the firm’s stock in a transaction on Thursday, December 19th. The shares were purchased at an average price of $45.60 per share, with a total value of $164,799,084.00. Following the completion of the purchase, the insider now owns 264,178,414 shares in the company, valued at $12,046,535,678.40. This represents a 1.39 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 0.48% of the stock is owned by company insiders.

Occidental Petroleum Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 10th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date of this dividend is Tuesday, December 10th. Occidental Petroleum’s dividend payout ratio (DPR) is currently 22.92%.

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.