FY2026 EPS Forecast for Occidental Petroleum Cut by Analyst

Occidental Petroleum Co. (NYSE:OXY) – Equities research analysts at Scotiabank decreased their FY2026 earnings per share estimates for Occidental Petroleum in a note issued to investors on Wednesday, March 19th. Scotiabank analyst P. Cheng now forecasts that the oil and gas producer will earn $3.70 per share for the year, down from their previous estimate of $3.90. The consensus estimate for Occidental Petroleum’s current full-year earnings is $3.58 per share.

Several other brokerages have also weighed in on OXY. Mizuho dropped their price objective on shares of Occidental Petroleum from $72.00 to $70.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. Citigroup reduced their price target on Occidental Petroleum from $56.00 to $51.00 and set a “neutral” rating for the company in a research note on Monday. Wells Fargo & Company reiterated an “equal weight” rating on shares of Occidental Petroleum in a research report on Friday, February 21st. Raymond James lowered shares of Occidental Petroleum from a “strong-buy” rating to an “outperform” rating and lowered their price target for the stock from $81.00 to $64.00 in a research report on Monday, March 10th. Finally, Stephens restated an “overweight” rating and set a $71.00 target price on shares of Occidental Petroleum in a research report on Wednesday, February 19th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $60.45.

Occidental Petroleum Price Performance

Shares of NYSE OXY opened at $47.99 on Friday. Occidental Petroleum has a twelve month low of $44.70 and a twelve month high of $71.19. The company has a market cap of $45.04 billion, a PE ratio of 19.67 and a beta of 1.51. The business’s 50 day moving average price is $48.68 and its two-hundred day moving average price is $50.11. The company has a quick ratio of 0.76, a current ratio of 0.95 and a debt-to-equity ratio of 0.95.

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

Institutional Trading of Occidental Petroleum

Large investors have recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC raised its stake in Occidental Petroleum by 25.9% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 95,888 shares of the oil and gas producer’s stock worth $4,738,000 after buying an additional 19,734 shares during the period. PKO Investment Management Joint Stock Co bought a new position in shares of Occidental Petroleum in the 4th quarter worth $1,144,000. Northstar Financial Companies Inc. acquired a new stake in Occidental Petroleum in the 4th quarter valued at $486,000. Siemens Fonds Invest GmbH raised its holdings in Occidental Petroleum by 30.0% during the fourth quarter. Siemens Fonds Invest GmbH now owns 43,293 shares of the oil and gas producer’s stock worth $2,139,000 after buying an additional 10,003 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Occidental Petroleum during the fourth quarter valued at about $8,284,000. Institutional investors and hedge funds own 88.70% of the company’s stock.

Insider Buying and Selling

In other Occidental Petroleum news, major shareholder Berkshire Hathaway Inc bought 763,017 shares of the stock in a transaction on Friday, February 7th. The stock was acquired at an average cost of $46.82 per share, for a total transaction of $35,724,455.94. Following the completion of the acquisition, the insider now owns 264,941,431 shares in the company, valued at $12,404,557,799.42. This trade represents a 0.29 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 0.31% of the stock is owned by insiders.

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 paid a $0.24 dividend. This is a positive change from Occidental Petroleum’s previous quarterly dividend of $0.22. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date of this dividend is Monday, March 10th. Occidental Petroleum’s dividend payout ratio is currently 39.34%.

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.