Zacks Research Issues Negative Outlook for OXY Earnings

Occidental Petroleum Corporation (NYSE:OXY) – Analysts at Zacks Research lowered their Q1 2027 earnings estimates for Occidental Petroleum in a research note issued on Tuesday, January 27th. Zacks Research analyst Team now forecasts that the oil and gas producer will post earnings of $0.43 per share for the quarter, down from their previous forecast of $0.49. Zacks Research has a “Strong Sell” rating on the stock. The consensus estimate for Occidental Petroleum’s current full-year earnings is $3.58 per share.

Occidental Petroleum (NYSE:OXY) last released its quarterly earnings data on Monday, November 10th. The oil and gas producer reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.16. Occidental Petroleum had a net margin of 7.81% and a return on equity of 12.35%. The firm had revenue of $6.62 billion for the quarter, compared to analysts’ expectations of $6.66 billion. During the same quarter in the previous year, the company earned $1.00 earnings per share. The company’s revenue for the quarter was down 6.1% compared to the same quarter last year.

OXY has been the subject of several other research reports. Wells Fargo & Company lowered their price target on Occidental Petroleum from $42.00 to $40.00 and set an “underweight” rating for the company in a research report on Wednesday, November 12th. Jefferies Financial Group reduced their price target on shares of Occidental Petroleum from $44.00 to $42.00 and set a “hold” rating for the company in a research note on Tuesday, January 20th. HSBC cut their price target on Occidental Petroleum from $55.00 to $54.00 and set a “buy” rating for the company in a research note on Wednesday, November 12th. Citigroup cut their target price on shares of Occidental Petroleum from $49.00 to $45.00 and set a “neutral” rating for the company in a research report on Wednesday, November 19th. Finally, Raymond James Financial restated an “outperform” rating and set a $50.00 target price on shares of Occidental Petroleum in a research note on Tuesday, November 25th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eleven have assigned a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat.com, Occidental Petroleum currently has a consensus rating of “Hold” and an average target price of $47.43.

Occidental Petroleum Stock Up 1.4%

Shares of Occidental Petroleum stock opened at $45.45 on Thursday. The company has a current ratio of 0.94, a quick ratio of 0.71 and a debt-to-equity ratio of 0.73. Occidental Petroleum has a 12-month low of $34.78 and a 12-month high of $52.58. The company has a market cap of $44.78 billion, a P/E ratio of 33.42 and a beta of 0.38. The company’s fifty day simple moving average is $41.90 and its two-hundred day simple moving average is $43.33.

Occidental Petroleum Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 10th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Wednesday, December 10th. Occidental Petroleum’s payout ratio is 70.59%.

Insider Buying and Selling

In other Occidental Petroleum news, Director William R. Klesse acquired 5,000 shares of the stock in a transaction dated Tuesday, December 16th. The stock was purchased at an average price of $38.98 per share, with a total value of $194,900.00. Following the transaction, the director directly owned 218,913 shares of the company’s stock, valued at $8,533,228.74. This trade represents a 2.34% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.31% of the stock is owned by insiders.

Institutional Investors Weigh In On Occidental Petroleum

A number of large investors have recently made changes to their positions in OXY. Woodline Partners LP boosted its holdings in Occidental Petroleum by 40.7% during the first quarter. Woodline Partners LP now owns 57,079 shares of the oil and gas producer’s stock worth $2,817,000 after buying an additional 16,506 shares in the last quarter. State of Alaska Department of Revenue increased its holdings in Occidental Petroleum by 0.7% in the second quarter. State of Alaska Department of Revenue now owns 79,698 shares of the oil and gas producer’s stock valued at $3,348,000 after buying an additional 540 shares in the last quarter. V Square Quantitative Management LLC raised its position in shares of Occidental Petroleum by 22.7% in the second quarter. V Square Quantitative Management LLC now owns 5,648 shares of the oil and gas producer’s stock worth $237,000 after acquiring an additional 1,045 shares during the period. GC Wealth Management RIA LLC purchased a new stake in shares of Occidental Petroleum during the 2nd quarter worth about $211,000. Finally, PFG Investments LLC grew its position in shares of Occidental Petroleum by 3.1% during the 2nd quarter. PFG Investments LLC now owns 19,642 shares of the oil and gas producer’s stock valued at $825,000 after acquiring an additional 585 shares during the period. 88.70% of the stock is owned by hedge funds and other institutional investors.

Occidental Petroleum News Summary

Here are the key news stories impacting Occidental Petroleum this week:

• Positive Sentiment: Piper Sandler raised its price target to $47 and kept a “neutral” rating — a small upside signal that may support near-term buying interest. Piper Sandler raises PT to $47
• Positive Sentiment: Zacks published a note highlighting that OXY outperformed the market intraday, reinforcing momentum-driven demand among traders. Occidental Petroleum (OXY) Ascends While Market Falls
• Neutral Sentiment: Analyst comparison pieces (OXY vs CNQ) note both companies benefit from strong production and demand — useful context but not an immediate catalyst. OXY vs. CNQ: Which Oil & Gas Stock Currently Offers Better Returns?
• Neutral Sentiment: Longer-term performance notes (5‑year total return ~129%) underscore historical upside but don’t change near‑term fundamentals. Useful for longer‑horizon investors. Investors in Occidental Petroleum have seen strong returns of 129% over the past five years
• Negative Sentiment: Zacks Research issued a broad set of cuts to OXY’s quarterly and FY2026–FY2027 EPS estimates and assigned a “Strong Sell” stance — a clear negative catalyst that can pressure the stock if other shops follow. Zacks Research coverage and estimate cuts
• Negative Sentiment: Susquehanna lowered its expectations for OXY’s stock price, adding to downside analyst pressure and potential bearish sentiment among institutional holders. Susquehanna Has Lowered Expectations for Occidental Petroleum Stock Price

Occidental Petroleum Company Profile

Occidental Petroleum Corporation (OXY) is an international energy company engaged primarily in the exploration, production and marketing of oil and natural gas. The company conducts upstream activities to discover and produce hydrocarbons and operates complementary midstream and marketing functions to transport and sell its production. Occidental also owns a chemicals business that manufactures and sells industrial chemicals and related products for a range of end markets.

Occidental’s operations are concentrated in the United States, with a significant presence in the Permian Basin, and it maintains exploration and production activities in several international regions, including parts of the Middle East, Latin America and Africa.