Roth Capital Issues Optimistic Forecast for OXY Earnings

Occidental Petroleum Corporation (NYSE:OXY) – Research analysts at Roth Capital raised their FY2025 EPS estimates for Occidental Petroleum in a research note issued on Tuesday, November 11th. Roth Capital analyst L. Mariani now anticipates that the oil and gas producer will post earnings per share of $2.09 for the year, up from their previous estimate of $1.93. Roth Capital currently has a “Neutral” rating and a $46.00 price objective on the stock. 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 Q2 2026 earnings at ($0.10) EPS.

Occidental Petroleum (NYSE:OXY) last issued its quarterly earnings data on Monday, November 10th. The oil and gas producer reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.16. The business had revenue of $6.62 billion during the quarter, compared to analyst estimates of $6.66 billion. Occidental Petroleum had a return on equity of 13.78% and a net margin of 8.79%.The business’s revenue for the quarter was down 6.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.00 EPS.

Several other research analysts have also recently issued reports on OXY. Piper Sandler decreased their price objective on shares of Occidental Petroleum from $50.00 to $47.00 and set a “neutral” rating for the company in a report on Tuesday, October 21st. Melius assumed coverage on Occidental Petroleum in a research report on Wednesday, August 20th. They set a “hold” rating and a $64.00 price target on the stock. Bank of America upped their price objective on Occidental Petroleum from $44.00 to $47.00 and gave the company a “neutral” rating in a report on Monday, October 6th. Wall Street Zen lowered Occidental Petroleum from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $52.00 price target on shares of Occidental Petroleum in a report on Monday, August 18th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, fourteen have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Occidental Petroleum has an average rating of “Hold” and an average price target of $51.24.

Occidental Petroleum Stock Performance

OXY stock opened at $41.97 on Friday. The company has a market capitalization of $41.32 billion, a P/E ratio of 24.84 and a beta of 0.91. The company has a quick ratio of 0.83, a current ratio of 1.05 and a debt-to-equity ratio of 0.84. The company has a 50-day simple moving average of $43.80 and a 200 day simple moving average of $43.68. Occidental Petroleum has a fifty-two week low of $34.78 and a fifty-two week high of $53.20.

Hedge Funds Weigh In On Occidental Petroleum

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of Occidental Petroleum in the second quarter valued at $27,000. City Holding Co. grew its stake in Occidental Petroleum by 250.0% during the 3rd quarter. City Holding Co. now owns 700 shares of the oil and gas producer’s stock valued at $33,000 after acquiring an additional 500 shares in the last quarter. Hantz Financial Services Inc. lifted its position in shares of Occidental Petroleum by 1,193.9% in the second quarter. Hantz Financial Services Inc. now owns 854 shares of the oil and gas producer’s stock worth $36,000 after purchasing an additional 788 shares in the last quarter. GoalVest Advisory LLC acquired a new stake in shares of Occidental Petroleum during the third quarter worth approximately $38,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in Occidental Petroleum in the 1st quarter valued at approximately $39,000. 88.70% of the stock is currently owned by hedge funds and other institutional investors.

Occidental Petroleum Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 10th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Wednesday, December 10th. Occidental Petroleum’s dividend payout ratio is 70.59%.

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.