Roth Capital Issues Negative Forecast for OXY Earnings

Occidental Petroleum Co. (NYSE:OXY) – Roth Capital lowered their Q1 2025 earnings per share estimates for Occidental Petroleum in a research report issued on Wednesday, February 19th. Roth Capital analyst L. Mariani now forecasts that the oil and gas producer will post earnings of $0.92 per share for the quarter, down from their previous estimate of $0.98. 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 Q4 2026 earnings at $1.10 EPS.

A number of other equities analysts have also weighed in on the company. Truist Financial upped their price objective on Occidental Petroleum from $56.00 to $58.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. Stephens reaffirmed an “overweight” rating and issued a $71.00 price objective on shares of Occidental Petroleum in a research note on Wednesday, February 19th. The Goldman Sachs Group lowered 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 research note on Friday, January 31st. Citigroup dropped their price objective on Occidental Petroleum from $57.00 to $56.00 and set a “neutral” rating for the company in a research note on Tuesday, November 26th. Finally, UBS Group upped their price objective on Occidental Petroleum from $54.00 to $56.00 and gave the stock a “neutral” rating in a research note on Thursday, February 20th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $61.55.

Occidental Petroleum Stock Performance

NYSE:OXY opened at $48.87 on Monday. The firm has a market capitalization of $45.86 billion, a PE ratio of 20.03 and a beta of 1.55. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.76 and a current ratio of 0.95. The stock has a 50-day simple moving average of $49.31 and a two-hundred day simple moving average of $51.21. Occidental Petroleum has a 52-week low of $45.17 and a 52-week high of $71.18.

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

Institutional Investors Weigh In On Occidental Petroleum

Several hedge funds and other institutional investors have recently modified their holdings of the business. Great Valley Advisor Group Inc. raised its holdings in shares of Occidental Petroleum by 34.8% in the fourth quarter. Great Valley Advisor Group Inc. now owns 45,355 shares of the oil and gas producer’s stock worth $2,241,000 after buying an additional 11,720 shares during the period. Mackenzie Financial Corp raised its holdings in shares of Occidental Petroleum by 47.7% in the fourth quarter. Mackenzie Financial Corp now owns 50,158 shares of the oil and gas producer’s stock worth $2,478,000 after buying an additional 16,188 shares during the period. Formidable Asset Management LLC raised its holdings in shares of Occidental Petroleum by 41.6% in the fourth quarter. Formidable Asset Management LLC now owns 7,665 shares of the oil and gas producer’s stock worth $379,000 after buying an additional 2,250 shares during the period. Pacific Point Advisors LLC purchased a new stake in shares of Occidental Petroleum in the fourth quarter worth approximately $494,000. Finally, Neo Ivy Capital Management purchased a new stake in shares of Occidental Petroleum in the fourth quarter worth approximately $1,437,000. 88.70% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Occidental Petroleum

In related news, major shareholder Berkshire Hathaway Inc acquired 763,017 shares of the firm’s stock in a transaction on Friday, February 7th. The shares were acquired at an average cost of $46.82 per share, for a total transaction of $35,724,455.94. Following the completion of the transaction, the insider now directly owns 264,941,431 shares in the company, valued at approximately $12,404,557,799.42. This trade represents a 0.29 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have purchased a total of 6,854,394 shares of company stock worth $315,101,532 over the last ninety days. Company insiders own 0.31% of the company’s stock.

Occidental Petroleum Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 10th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Monday, March 10th. This is an increase from Occidental Petroleum’s previous quarterly dividend of $0.22. This represents a $0.96 dividend on an annualized basis and a yield of 1.96%. Occidental Petroleum’s dividend payout ratio is 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.