Research Analysts Offer Predictions for OXY FY2026 Earnings

Occidental Petroleum Co. (NYSE:OXY) – Equities researchers at Scotiabank dropped their FY2026 EPS estimates for Occidental Petroleum in a research note issued on Wednesday, March 19th. Scotiabank analyst P. Cheng now forecasts that the oil and gas producer will earn $3.70 per share for the year, down from their previous estimate of $3.90. The consensus estimate for Occidental Petroleum’s current full-year earnings is $3.58 per share.

OXY has been the subject of a number of other research reports. Truist Financial upped their price objective on shares of Occidental Petroleum from $56.00 to $58.00 and gave the company a “hold” rating in a report on Monday, January 13th. Piper Sandler reduced their price objective on shares of Occidental Petroleum from $51.00 to $50.00 and set a “neutral” rating for the company in a research report on Thursday, March 6th. The Goldman Sachs Group lowered shares of Occidental Petroleum from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $54.00 to $45.00 in a research report on Friday, January 31st. UBS Group upped their price objective on Occidental Petroleum from $54.00 to $56.00 and gave the company a “neutral” rating in a research report on Thursday, February 20th. Finally, Raymond James lowered Occidental Petroleum from a “strong-buy” rating to an “outperform” rating and cut their target price for the stock from $81.00 to $64.00 in a research report on Monday, March 10th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $60.45.

Occidental Petroleum Stock Up 0.3 %

Shares of NYSE OXY opened at $48.11 on Friday. Occidental Petroleum has a 12-month low of $44.70 and a 12-month high of $71.19. The stock’s fifty day simple moving average is $48.61 and its two-hundred day simple moving average is $50.01. The stock has a market capitalization of $45.15 billion, a PE ratio of 19.72 and a beta of 1.51. The company has a current ratio of 0.95, a quick ratio of 0.76 and a debt-to-equity ratio of 0.95.

Occidental Petroleum (NYSE:OXY) last issued its quarterly earnings data on Tuesday, February 18th. The oil and gas producer reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.13. The firm had revenue of $6.84 billion during the quarter, compared to the consensus estimate of $7.14 billion. Occidental Petroleum had a net margin of 11.37% and a return on equity of 16.33%.

Institutional Trading of Occidental Petroleum

Several institutional investors and hedge funds have recently modified their holdings of the stock. Certified Advisory Corp purchased a new stake in shares of Occidental Petroleum during the 4th quarter valued at $476,000. Rule One Partners LLC purchased a new position in shares of Occidental Petroleum during the third quarter worth $14,199,000. Fisher Asset Management LLC boosted its stake in shares of Occidental Petroleum by 1.1% in the fourth quarter. Fisher Asset Management LLC now owns 613,647 shares of the oil and gas producer’s stock worth $30,320,000 after buying an additional 6,461 shares during the last quarter. Sarasin & Partners LLP grew its stake in shares of Occidental Petroleum by 5.4% during the 4th quarter. Sarasin & Partners LLP now owns 990,521 shares of the oil and gas producer’s stock worth $48,942,000 after purchasing an additional 50,983 shares during the period. Finally, Weiss Asset Management LP purchased a new position in Occidental Petroleum in the third quarter valued at $2,509,000. Institutional investors own 88.70% of the company’s stock.

Insider Transactions at Occidental Petroleum

In other Occidental Petroleum news, major shareholder Berkshire Hathaway Inc bought 763,017 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The stock was purchased at an average cost of $46.82 per share, with a total value of $35,724,455.94. Following the completion of the acquisition, the insider now owns 264,941,431 shares in the company, valued at $12,404,557,799.42. This trade represents a 0.29 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.31% of the company’s stock.

Occidental Petroleum Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 10th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date of this dividend is Monday, March 10th. This is an increase from Occidental Petroleum’s previous quarterly dividend of $0.22. Occidental Petroleum’s payout ratio is 39.34%.

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.