Occidental Petroleum (OXY) Projected to Post Quarterly Earnings on Wednesday

Occidental Petroleum (NYSE:OXY) is expected to announce its Q1 2025 earnings results after the market closes on Wednesday, May 7th. Analysts expect the company to announce earnings of $0.74 per share and revenue of $6.97 billion for the quarter.

Occidental Petroleum (NYSE:OXY) last announced its quarterly earnings data on Tuesday, February 18th. The oil and gas producer reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.13. The company had revenue of $6.84 billion during the quarter, compared to analyst estimates of $7.14 billion. Occidental Petroleum had a net margin of 11.37% and a return on equity of 16.33%. On average, analysts expect Occidental Petroleum to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Occidental Petroleum Stock Up 0.4 %

NYSE:OXY opened at $40.61 on Monday. The stock has a 50-day simple moving average of $43.72 and a 200 day simple moving average of $47.59. Occidental Petroleum has a one year low of $34.79 and a one year high of $65.78. The company has a market capitalization of $38.16 billion, a price-to-earnings ratio of 16.64 and a beta of 1.02. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.76 and a current ratio of 0.95.

Occidental Petroleum Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, June 10th will be issued a $0.24 dividend. The ex-dividend date is Tuesday, June 10th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.36%. Occidental Petroleum’s dividend payout ratio (DPR) is 39.34%.

Analyst Ratings Changes

A number of brokerages have weighed in on OXY. TD Cowen cut shares of Occidental Petroleum from a “buy” rating to a “hold” rating and dropped their target price for the stock from $68.00 to $45.00 in a report on Tuesday, April 8th. Stephens cut their target price on Occidental Petroleum from $60.00 to $58.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 15th. The Goldman Sachs Group cut shares of Occidental Petroleum from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $54.00 to $45.00 in a report on Friday, January 31st. Piper Sandler reduced their target price on shares of Occidental Petroleum from $50.00 to $48.00 and set a “neutral” rating for the company in a research note on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. cut their price target on Occidental Petroleum from $59.00 to $52.00 and set a “neutral” rating on the stock in a report on Thursday, March 13th. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $54.19.

Insider Activity at Occidental Petroleum

In other news, major shareholder Berkshire Hathaway Inc bought 763,017 shares of the business’s stock in a transaction on Friday, February 7th. The shares were bought at an average cost of $46.82 per share, with a total value of $35,724,455.94. Following the purchase, the insider now directly owns 264,941,431 shares in the company, valued at $12,404,557,799.42. This trade represents a 0.29 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.31% of the stock is currently owned by corporate insiders.

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.