Q1 Earnings Estimate for OXY Issued By Capital One Financial

Occidental Petroleum Co. (NYSE:OXY) – Investment analysts at Capital One Financial boosted their Q1 2025 earnings estimates for shares of Occidental Petroleum in a research report issued to clients and investors on Wednesday, January 8th. Capital One Financial analyst B. Velie now expects that the oil and gas producer will post earnings of $0.88 per share for the quarter, up from their prior estimate of $0.59. The consensus estimate for Occidental Petroleum’s current full-year earnings is $3.35 per share. Capital One Financial also issued estimates for Occidental Petroleum’s Q2 2025 earnings at $0.89 EPS, Q3 2025 earnings at $0.89 EPS, Q4 2025 earnings at $0.89 EPS and FY2025 earnings at $3.55 EPS.

Several other research analysts have also recently issued reports on OXY. Wolfe Research upped their target price on shares of Occidental Petroleum from $73.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. StockNews.com upgraded shares of Occidental Petroleum from a “sell” rating to a “hold” rating in a research report on Sunday, January 5th. Susquehanna reduced their price target on shares of Occidental Petroleum from $77.00 to $65.00 and set a “positive” rating for the company in a research report on Thursday, November 14th. Raymond James upped their price target on shares of Occidental Petroleum from $77.00 to $78.00 and gave the company a “strong-buy” rating in a research report on Thursday, November 21st. Finally, Mizuho reduced their price target on shares of Occidental Petroleum from $72.00 to $70.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. One equities 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 given a strong buy rating to the stock. According to MarketBeat.com, Occidental Petroleum presently has an average rating of “Hold” and an average price target of $62.19.

Occidental Petroleum Price Performance

Shares of OXY opened at $52.74 on Monday. Occidental Petroleum has a fifty-two week low of $45.17 and a fifty-two week high of $71.18. The firm’s 50 day moving average price is $49.59 and its 200 day moving average price is $53.69. The company has a market cap of $49.49 billion, a P/E ratio of 13.73 and a beta of 1.57. The company has a quick ratio of 0.76, a current ratio of 1.00 and a debt-to-equity ratio of 0.96.

Institutional Trading of Occidental Petroleum

Several hedge funds have recently modified their holdings of the company. Fortitude Family Office LLC boosted its position in shares of 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 worth $25,000 after purchasing an additional 304 shares in the last quarter. Mizuho Securities Co. Ltd. acquired a new position in shares of Occidental Petroleum during the 3rd quarter worth about $32,000. Transamerica Financial Advisors Inc. acquired a new position in Occidental Petroleum in the 3rd quarter valued at about $50,000. Exchange Traded Concepts LLC acquired a new position in Occidental Petroleum in the 3rd quarter valued at about $87,000. Finally, Kennebec Savings Bank bought a new stake in Occidental Petroleum in the 3rd quarter valued at about $93,000. Institutional investors and hedge funds own 88.70% of the company’s stock.

Insiders Place Their Bets

In other news, major shareholder Berkshire Hathaway Inc purchased 2,477,362 shares of the firm’s stock in a transaction on Tuesday, December 17th. The stock was bought at an average cost of $46.25 per share, for a total transaction of $114,577,992.50. Following the completion of the acquisition, the insider now directly owns 257,758,886 shares of the company’s stock, valued at approximately $11,921,348,477.50. The trade was a 0.97 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.31% of the company’s stock.

Occidental Petroleum Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 10th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend is Tuesday, December 10th. Occidental Petroleum’s dividend payout ratio (DPR) is presently 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.