Q2 EPS Estimate for Occidental Petroleum Cut by Analyst

Occidental Petroleum Co. (NYSE:OXY — Free Report) — Equities researchers at Zacks Research cut their Q2 2025 earnings estimates for Occidental Petroleum in a report released on Wednesday, May 28th. Zacks Research analyst J. Saha now expects that the oil and gas producer will earn $0.36 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 $3.58 per share. Zacks Research also issued estimates for Occidental Petroleum’s Q3 2025 earnings at $0.49 EPS, Q4 2025 earnings at $0.50 EPS, FY2025 earnings at $2.22 EPS, Q1 2026 earnings at $0.56 EPS, Q2 2026 earnings at $0.54 EPS, Q3 2026 earnings at $0.59 EPS, Q4 2026 earnings at $0.47 EPS, FY2026 earnings at $2.16 EPS and FY2027 earnings at $2.87 EPS.

Occidental Petroleum (NYSE:OXY — Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The oil and gas producer reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.13. The company had revenue of $6.80 billion for the quarter, compared to the consensus estimate 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 was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.63 EPS.

OXY has been the subject of several other research reports. Stephens lowered their price objective on Occidental Petroleum from $60.00 to $58.00 and set an “overweight” rating for the company in a research report on Tuesday, April 15th. Barclays increased their price target on shares of Occidental Petroleum from $46.00 to $48.00 and gave the company an “equal weight” rating in a report on Thursday, May 8th. TD Cowen downgraded Occidental Petroleum from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $68.00 to $45.00 in a report on Tuesday, April 8th. UBS Group decreased their target price on shares of Occidental Petroleum from $44.00 to $38.00 and set a “neutral” rating for the company in a research note on Wednesday, April 16th. Finally, Wells Fargo & Company reduced their price target on shares of Occidental Petroleum from $49.00 to $42.00 and set an “equal weight” rating for the company in a research report on Monday, April 21st. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $53.14.

Read Our Latest Research Report on OXY

Occidental Petroleum Trading Down 1.7%

Shares of OXY opened at $40.77 on Monday. 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 has a 1-year low of $34.79 and a 1-year high of $64.76. The firm’s 50-day moving average price is $41.49 and its 200-day moving average price is $46.31. The firm has a market capitalization of $40.12 billion, a price-to-earnings ratio of 16.71 and a beta of 0.81.

Occidental Petroleum Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, June 10th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date of this dividend is Tuesday, June 10th. Occidental Petroleum’s dividend payout ratio is presently 39.02%.

Institutional Investors Weigh In On Occidental Petroleum

Institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Occidental Petroleum by 17.8% in the 1st quarter. Vanguard Group Inc. now owns 80,230,989 shares of the oil and gas producer’s stock valued at $3,960,202,000 after buying an additional 12,107,285 shares during the period. Berkshire Hathaway Inc increased its position in shares of Occidental Petroleum by 3.5% during the fourth quarter. Berkshire Hathaway Inc now owns 264,178,414 shares of the oil and gas producer’s stock worth $13,053,055,000 after purchasing an additional 8,896,890 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Occidental Petroleum in the first quarter valued at approximately $99,853,000. Worldquant Millennium Advisors LLC boosted its stake in Occidental Petroleum by 1,075.3% during the 4th quarter. Worldquant Millennium Advisors LLC now owns 1,930,776 shares of the oil and gas producer’s stock worth $95,400,000 after purchasing an additional 1,766,491 shares during the period. Finally, Marshall Wace LLP grew its holdings in shares of Occidental Petroleum by 48.1% during the fourth quarter. Marshall Wace LLP now owns 4,117,777 shares of the oil and gas producer’s stock worth $203,459,000 after buying an additional 1,337,728 shares during the last quarter. Hedge funds and other 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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