Q1 EPS Estimate for Occidental Petroleum Cut by Analyst

Occidental Petroleum Co. (NYSE:OXY — Free Report) — Investment analysts at Zacks Research dropped their Q1 2027 earnings per share estimates for Occidental Petroleum in a research note issued to investors on Wednesday, May 28th. Zacks Research analyst J. Saha now anticipates that the oil and gas producer will earn $0.89 per share for the quarter, down from their previous forecast of $0.93. The consensus estimate for Occidental Petroleum’s current full-year earnings is $3.58 per share.

A number of other analysts have also weighed in on OXY. Morgan Stanley set a $58.00 price objective on Occidental Petroleum and gave the company an “overweight” rating in a research note on Wednesday, March 26th. Barclays increased their price objective on Occidental Petroleum from $46.00 to $48.00 and gave the company an “equal weight” rating in a research note on Thursday, May 8th. Wall Street Zen lowered Occidental Petroleum from a “hold” rating to a “sell” rating in a research note on Thursday, February 27th. JPMorgan Chase & Co. dropped their price objective on Occidental Petroleum from $52.00 to $47.00 and set a “neutral” rating for the company in a research note on Friday, May 9th. Finally, Raymond James lowered Occidental Petroleum from a “strong-buy” rating to an “outperform” rating and dropped their price objective for the company from $81.00 to $64.00 in a research note on Monday, March 10th. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Occidental Petroleum currently has an average rating of “Hold” and a consensus price target of $53.14.

Check Out Our Latest Stock Report on Occidental Petroleum

Occidental Petroleum Stock Performance

NYSE:OXY opened at $41.47 on Friday. The firm has a market cap of $40.81 billion, a PE ratio of 17.00 and a beta of 0.81. Occidental Petroleum has a fifty-two week low of $34.79 and a fifty-two week high of $64.76. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.76 and a current ratio of 0.95. The business has a 50 day moving average price of $41.65 and a 200-day moving average price of $46.44.

Occidental Petroleum (NYSE:OXY — Get Free Report) last issued its earnings results on Wednesday, May 7th. The oil and gas producer reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.13. The business had revenue of $6.80 billion during the quarter, compared to analyst estimates of $6.97 billion. Occidental Petroleum had a return on equity of 16.33% and a net margin of 11.37%. Occidental Petroleum’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.63 earnings per share.

Occidental Petroleum Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, June 10th will be issued a $0.24 dividend. The ex-dividend date is Tuesday, June 10th. This represents a $0.96 dividend on an annualized basis and a yield of 2.31%. Occidental Petroleum’s dividend payout ratio (DPR) is 39.02%.

Hedge Funds Weigh In On Occidental Petroleum

A number of institutional investors have recently added to or reduced their stakes in OXY. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its holdings in Occidental Petroleum by 10.7% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 8,356 shares of the oil and gas producer’s stock worth $413,000 after purchasing an additional 809 shares in the last quarter. Union Bancaire Privee UBP SA bought a new position in Occidental Petroleum in the fourth quarter worth $179,000. Robeco Institutional Asset Management B.V. bought a new position in Occidental Petroleum in the fourth quarter worth $1,633,000. Swedbank AB raised its holdings in Occidental Petroleum by 21.9% in the fourth quarter. Swedbank AB now owns 343,689 shares of the oil and gas producer’s stock worth $16,982,000 after purchasing an additional 61,635 shares in the last quarter. Finally, Manning & Napier Advisors LLC increased its holdings in shares of Occidental Petroleum by 93.3% during the fourth quarter. Manning & Napier Advisors LLC now owns 93,689 shares of the oil and gas producer’s stock valued at $4,629,000 after acquiring an additional 45,214 shares in the last quarter. Institutional investors own 88.70% of the company’s stock.

Occidental Petroleum Company Profile

(Get Free Report)

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.

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