FY2025 EPS Forecast for Occidental Petroleum Cut by Analyst

Occidental Petroleum Co. (NYSE:OXY) – Investment analysts at Zacks Research decreased their FY2025 earnings per share estimates for shares of Occidental Petroleum in a report released on Thursday, June 12th. Zacks Research analyst J. Saha now forecasts that the oil and gas producer will post earnings of $2.21 per share for the year, down from their previous estimate of $2.22. The consensus estimate for Occidental Petroleum’s current full-year earnings is $3.58 per share. Zacks Research also issued estimates for Occidental Petroleum’s Q4 2025 earnings at $0.49 EPS, Q2 2026 earnings at $0.53 EPS, FY2026 earnings at $2.14 EPS and FY2027 earnings at $2.86 EPS.

Several other research analysts also recently issued reports on OXY. Raymond James downgraded shares of Occidental Petroleum from a “strong-buy” rating to an “outperform” rating and dropped their price objective for the stock from $81.00 to $64.00 in a report on Monday, March 10th. Stephens lowered their price target 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. Wells Fargo & Company reduced their price objective on Occidental Petroleum from $49.00 to $42.00 and set an “equal weight” rating for the company in a research report on Monday, April 21st. Piper Sandler lowered their price objective on Occidental Petroleum from $50.00 to $48.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 22nd. Finally, Citigroup raised their target price on Occidental Petroleum from $42.00 to $44.00 and gave the stock a “neutral” rating in a research report on Monday, May 19th. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $53.14.

Occidental Petroleum Price Performance

NYSE:OXY opened at $46.40 on Monday. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.95 and a quick ratio of 0.76. Occidental Petroleum has a one year low of $34.79 and a one year high of $64.76. The company has a fifty day moving average price of $41.05 and a 200 day moving average price of $45.80. The stock has a market cap of $45.67 billion, a P/E ratio of 19.02 and a beta of 0.87.

Occidental Petroleum (NYSE:OXY) last issued its quarterly earnings results on Wednesday, May 7th. The oil and gas producer reported $0.87 EPS for the quarter, topping the consensus estimate of $0.74 by $0.13. The company had revenue of $6.80 billion for the quarter, compared to the consensus estimate of $6.97 billion. Occidental Petroleum had a return on equity of 16.33% and a net margin of 11.37%. The company’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.63 EPS.

Occidental Petroleum Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, June 10th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $0.96 dividend on an annualized basis and a yield of 2.07%. Occidental Petroleum’s dividend payout ratio (DPR) is presently 39.02%.

Hedge Funds Weigh In On Occidental Petroleum

Institutional investors have recently bought and sold shares of the business. Berkshire Hathaway Inc grew its holdings in shares of Occidental Petroleum by 3.5% during the fourth quarter. Berkshire Hathaway Inc now owns 264,178,414 shares of the oil and gas producer’s stock worth $13,053,055,000 after purchasing an additional 8,896,890 shares during the last quarter. Vanguard Group Inc. grew its holdings in Occidental Petroleum by 17.8% during the 1st quarter. Vanguard Group Inc. now owns 80,230,989 shares of the oil and gas producer’s stock worth $3,960,202,000 after acquiring an additional 12,107,285 shares during the last quarter. Geode Capital Management LLC increased its position in Occidental Petroleum by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 14,245,357 shares of the oil and gas producer’s stock valued at $701,816,000 after acquiring an additional 398,467 shares in the last quarter. H&H International Investment LLC increased its position in Occidental Petroleum by 1.8% in the 1st quarter. H&H International Investment LLC now owns 13,826,100 shares of the oil and gas producer’s stock valued at $682,456,000 after acquiring an additional 249,100 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Occidental Petroleum by 9.6% in the first quarter. Dimensional Fund Advisors LP now owns 8,128,136 shares of the oil and gas producer’s stock worth $401,162,000 after acquiring an additional 710,220 shares during the last quarter. Institutional investors own 88.70% of the company’s stock.

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.