Roth Capital Issues Negative Estimate for OXY Earnings

Occidental Petroleum Co. (NYSE:OXY) – Stock analysts at Roth Capital decreased their Q1 2025 EPS estimates for Occidental Petroleum in a research report issued to clients and investors on Monday, April 14th. Roth Capital analyst L. Mariani now anticipates that the oil and gas producer will earn $0.89 per share for the quarter, down from their previous forecast of $0.92. The consensus estimate for Occidental Petroleum’s current full-year earnings is $3.58 per share. Roth Capital also issued estimates for Occidental Petroleum’s Q3 2026 earnings at $0.93 EPS and Q4 2026 earnings at $1.00 EPS.

Occidental Petroleum (NYSE:OXY) last posted its earnings results on Tuesday, February 18th. The oil and gas producer reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.13. The company had revenue of $6.84 billion for 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%.

Other research analysts have also issued research reports about the company. Raymond James lowered Occidental Petroleum from a “strong-buy” rating to an “outperform” rating and reduced their price target for the stock from $81.00 to $64.00 in a research report on Monday, March 10th. Scotiabank cut Occidental Petroleum from a “sector outperform” rating to a “sector perform” rating and set a $40.00 target price on the stock. in a report on Friday, April 11th. The Goldman Sachs Group lowered shares of Occidental Petroleum from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $54.00 to $45.00 in a research note on Friday, January 31st. Truist Financial upped their target price on Occidental Petroleum from $56.00 to $58.00 and gave the company a “hold” rating in a report on Monday, January 13th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Occidental Petroleum from $59.00 to $52.00 and set a “neutral” rating on the stock in a research note on Thursday, March 13th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Occidental Petroleum has an average rating of “Hold” and an average price target of $56.10.

Occidental Petroleum Price Performance

OXY opened at $37.77 on Wednesday. The company has a fifty day simple moving average of $46.08 and a 200 day simple moving average of $48.87. The firm has a market cap of $35.50 billion, a price-to-earnings ratio of 15.48 and a beta of 1.02. Occidental Petroleum has a twelve month low of $34.79 and a twelve month high of $68.43. The company has a current ratio of 0.95, a quick ratio of 0.76 and a debt-to-equity ratio of 0.95.

Occidental Petroleum Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 10th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.54%. This is a positive change 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 Activity

In other Occidental Petroleum news, major shareholder Berkshire Hathaway Inc purchased 763,017 shares of the firm’s stock in a transaction on Friday, February 7th. The stock was acquired at an average price of $46.82 per share, for a total transaction of $35,724,455.94. Following the purchase, the insider now owns 264,941,431 shares of the company’s stock, valued at $12,404,557,799.42. This trade represents a 0.29 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.31% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in OXY. Focus Financial Network Inc. increased its stake in Occidental Petroleum by 9.8% in the 1st quarter. Focus Financial Network Inc. now owns 5,502 shares of the oil and gas producer’s stock valued at $272,000 after buying an additional 492 shares during the last quarter. CX Institutional boosted its position in Occidental Petroleum by 58.5% in the first quarter. CX Institutional now owns 6,869 shares of the oil and gas producer’s stock worth $339,000 after purchasing an additional 2,534 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in Occidental Petroleum by 252.9% in the 1st quarter. Assenagon Asset Management S.A. now owns 165,984 shares of the oil and gas producer’s stock valued at $8,193,000 after purchasing an additional 274,548 shares during the period. Integrated Advisors Network LLC purchased a new stake in Occidental Petroleum during the first quarter worth about $208,000. Finally, Sanibel Captiva Trust Company Inc. lifted its stake in Occidental Petroleum by 24.8% in the first quarter. Sanibel Captiva Trust Company Inc. now owns 22,792 shares of the oil and gas producer’s stock valued at $1,125,000 after purchasing an additional 4,530 shares during the last quarter. 88.70% of the stock is owned by 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.