Zacks Research Issues Pessimistic Outlook for OXY Earnings

Occidental Petroleum Co. (NYSE:OXY) – Analysts at Zacks Research dropped their Q2 2025 earnings estimates for Occidental Petroleum in a report issued on Thursday, January 9th. Zacks Research analyst J. Saha now expects that the oil and gas producer will post earnings of $0.77 per share for the quarter, down from their previous forecast 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.

OXY has been the subject of several other reports. TD Cowen decreased their target price on shares of Occidental Petroleum from $80.00 to $68.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. StockNews.com upgraded shares of Occidental Petroleum from a “sell” rating to a “hold” rating in a research note on Sunday, January 5th. Bank of America began coverage on shares of Occidental Petroleum in a research note on Thursday, October 17th. They set a “neutral” rating and a $57.00 price target on the stock. Truist Financial lowered their target price on shares of Occidental Petroleum from $65.00 to $56.00 and set a “hold” rating on the stock in a research note on Monday, September 30th. Finally, Mizuho decreased their price target on shares of Occidental Petroleum from $72.00 to $70.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Occidental Petroleum presently has a consensus rating of “Hold” and a consensus target price of $62.10.

Occidental Petroleum Price Performance

Shares of NYSE OXY opened at $51.35 on Friday. The firm’s 50-day moving average price is $49.54 and its 200-day moving average price is $53.89. Occidental Petroleum has a 1-year low of $45.17 and a 1-year high of $71.18. The firm has a market capitalization of $48.18 billion, a P/E ratio of 13.37 and a beta of 1.57. The company has a current ratio of 1.00, a quick ratio of 0.76 and a debt-to-equity ratio of 0.96.

Institutional Trading of Occidental Petroleum

Large investors have recently added to or reduced their stakes in the business. Fortitude Family Office LLC lifted its holdings in Occidental Petroleum by 160.0% during the third quarter. Fortitude Family Office LLC now owns 494 shares of the oil and gas producer’s stock valued at $25,000 after purchasing an additional 304 shares in the last quarter. Mizuho Securities Co. Ltd. purchased a new stake in Occidental Petroleum during the third quarter valued at $32,000. Transamerica Financial Advisors Inc. bought a new position in Occidental Petroleum during the third quarter valued at $50,000. Exchange Traded Concepts LLC bought a new position in Occidental Petroleum during the third quarter valued at $87,000. Finally, Kennebec Savings Bank bought a new position in Occidental Petroleum during the third quarter valued at $93,000. 88.70% of the stock is currently owned by institutional investors.

Insider Transactions at Occidental Petroleum

In other Occidental Petroleum news, major shareholder Berkshire Hathaway Inc bought 3,614,015 shares of the business’s stock in a transaction that occurred on Thursday, December 19th. The stock was bought at an average cost of $45.60 per share, for a total transaction of $164,799,084.00. Following the completion of the transaction, the insider now owns 264,178,414 shares of the company’s stock, valued at $12,046,535,678.40. This represents a 1.39 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.48% of the company’s stock.

Occidental Petroleum Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 10th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $0.88 dividend on an annualized basis and a yield of 1.71%. Occidental Petroleum’s dividend payout ratio 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.