Zacks Research Analysts Increase Earnings Estimates for OXY

Occidental Petroleum Co. (NYSE:OXY) – Stock analysts at Zacks Research lifted their Q3 2025 earnings estimates for Occidental Petroleum in a research report issued on Thursday, January 9th. Zacks Research analyst J. Saha now forecasts that the oil and gas producer will post earnings of $0.83 per share for the quarter, up from their prior estimate of $0.82. 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 Q4 2025 earnings at $0.44 EPS, Q1 2026 earnings at $0.74 EPS, Q3 2026 earnings at $0.73 EPS, Q4 2026 earnings at $0.59 EPS and FY2026 earnings at $2.88 EPS.

A number of other research analysts also recently commented on the stock. Raymond James boosted their price objective 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. Scotiabank decreased their target price on shares of Occidental Petroleum from $80.00 to $65.00 and set a “sector outperform” rating for the company in a research report on Thursday, October 10th. StockNews.com raised shares of Occidental Petroleum from a “sell” rating to a “hold” rating in a research report on Sunday, January 5th. UBS Group decreased their target price on shares of Occidental Petroleum from $58.00 to $51.00 and set a “neutral” rating for the company in a research report on Monday, December 9th. Finally, Wolfe Research boosted their target price on shares of Occidental Petroleum from $73.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $62.19.

Occidental Petroleum Stock Performance

Shares of OXY opened at $52.74 on Monday. The company’s 50 day moving average price is $49.59 and its 200 day moving average price is $53.69. Occidental Petroleum has a 52 week low of $45.17 and a 52 week high of $71.18. The company has a market capitalization of $49.49 billion, a PE ratio of 13.73 and a beta of 1.57. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.76 and a current ratio of 1.00.

Occidental Petroleum Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 10th will be given a dividend of $0.22 per share. 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 currently 22.92%.

Insider Buying and Selling

In other Occidental Petroleum news, major shareholder Berkshire Hathaway Inc bought 2,477,362 shares of Occidental Petroleum stock in a transaction dated Tuesday, December 17th. The shares were bought at an average price of $46.25 per share, with a total value of $114,577,992.50. Following the purchase, the insider now owns 257,758,886 shares of the company’s stock, valued at $11,921,348,477.50. This trade represents a 0.97 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.31% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of OXY. Fortitude Family Office LLC raised its position in shares of Occidental Petroleum by 160.0% in the 3rd quarter. Fortitude Family Office LLC now owns 494 shares of the oil and gas producer’s stock valued at $25,000 after acquiring an additional 304 shares during the period. Mizuho Securities Co. Ltd. acquired a new stake in Occidental Petroleum during the 3rd quarter worth approximately $32,000. Transamerica Financial Advisors Inc. acquired a new stake in Occidental Petroleum during the 3rd quarter worth approximately $50,000. Exchange Traded Concepts LLC acquired a new stake in Occidental Petroleum during the 3rd quarter worth approximately $87,000. Finally, Kennebec Savings Bank acquired a new stake in Occidental Petroleum during the 3rd quarter worth approximately $93,000. Institutional investors own 88.70% of the company’s stock.

About Occidental Petroleum

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.