Zacks Research Has Pessimistic Outlook of OXY Q2 Earnings

Occidental Petroleum Co. (NYSE:OXY) – Research analysts at Zacks Research dropped their Q2 2025 earnings per share estimates for shares of Occidental Petroleum in a report issued on Thursday, January 9th. Zacks Research analyst J. Saha now forecasts that the oil and gas producer will earn $0.77 per share for the quarter, down from their previous estimate of $0.80. The consensus estimate for Occidental Petroleum’s current full-year earnings is $3.35 per share. Zacks Research also issued estimates for Occidental Petroleum’s Q2 2026 earnings at $0.82 EPS.

A number of other equities analysts have also recently weighed in on OXY. Citigroup reduced their price objective on shares of Occidental Petroleum from $57.00 to $56.00 and set a “neutral” rating for the company in a research report on Tuesday, November 26th. Scotiabank dropped their price target on shares of Occidental Petroleum from $80.00 to $65.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 10th. Barclays cut their price target on Occidental Petroleum from $67.00 to $58.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 3rd. Stephens increased their price objective on Occidental Petroleum from $70.00 to $71.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Finally, StockNews.com upgraded Occidental Petroleum from a “sell” rating to a “hold” rating in a report on Sunday, January 5th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $62.10.

Occidental Petroleum Stock Down 0.8 %

NYSE:OXY opened at $51.16 on Friday. Occidental Petroleum has a 1-year low of $45.17 and a 1-year high of $71.18. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.00 and a quick ratio of 0.76. The firm has a market capitalization of $48.01 billion, a P/E ratio of 13.32 and a beta of 1.57. The company’s fifty day moving average price is $49.51 and its 200-day moving average price is $53.97.

Institutional Trading of Occidental Petroleum

Several hedge funds have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. raised its holdings in shares of Occidental Petroleum by 7.1% in the 3rd quarter. Principal Financial Group Inc. now owns 773,762 shares of the oil and gas producer’s stock valued at $39,880,000 after acquiring an additional 51,042 shares in the last quarter. Alternative Investment Advisors LLC. bought a new position in shares of Occidental Petroleum in the third quarter worth approximately $1,002,000. Retirement Systems of Alabama lifted its position in Occidental Petroleum by 1.8% in the 3rd quarter. Retirement Systems of Alabama now owns 149,387 shares of the oil and gas producer’s stock valued at $7,699,000 after acquiring an additional 2,700 shares in the last quarter. Inspire Trust Co. N.A. lifted its stake in Occidental Petroleum by 13.2% during the 3rd quarter. Inspire Trust Co. N.A. now owns 57,365 shares of the oil and gas producer’s stock valued at $2,957,000 after acquiring an additional 6,700 shares during the period. Finally, Synovus Financial Corp boosted its holdings in Occidental Petroleum by 1,247.7% in the third quarter. Synovus Financial Corp now owns 50,486 shares of the oil and gas producer’s stock worth $2,602,000 after purchasing an additional 46,740 shares during the last quarter. Institutional investors own 88.70% of the company’s stock.

Insider Buying and Selling

In related news, major shareholder Berkshire Hathaway Inc acquired 3,614,015 shares of the company’s stock in a transaction dated Thursday, December 19th. The shares were purchased at an average price of $45.60 per share, for a total transaction of $164,799,084.00. Following the completion of the acquisition, the insider now owns 264,178,414 shares of the company’s stock, valued at approximately $12,046,535,678.40. This trade represents a 1.39 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.48% of the stock is owned by corporate insiders.

Occidental Petroleum Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 10th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.72%. The ex-dividend date is Tuesday, December 10th. Occidental Petroleum’s dividend payout ratio (DPR) is currently 22.92%.

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.