Occidental Petroleum Co. Forecasted to Earn Q2 2025 Earnings of $1.30 Per Share (NYSE:OXY)

Occidental Petroleum Co. (NYSE:OXYFree Report) – Zacks Research lifted their Q2 2025 EPS estimates for Occidental Petroleum in a research report issued to clients and investors on Tuesday, May 28th. Zacks Research analyst J. Saha now anticipates that the oil and gas producer will earn $1.30 per share for the quarter, up from their previous estimate of $1.16. The consensus estimate for Occidental Petroleum’s current full-year earnings is $3.84 per share.

Several other research firms have also commented on OXY. Truist Financial lowered shares of Occidental Petroleum from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $84.00 to $69.00 in a research report on Thursday, May 16th. Scotiabank raised shares of Occidental Petroleum from a “sector perform” rating to a “sector outperform” rating and upped their price target for the company from $63.00 to $90.00 in a report on Thursday, April 11th. Barclays began coverage on shares of Occidental Petroleum in a research note on Wednesday, April 10th. They set an “equal weight” rating and a $73.00 price objective for the company. Citigroup reduced their target price on Occidental Petroleum from $69.00 to $65.00 and set a “neutral” rating on the stock in a research note on Friday, May 24th. Finally, HSBC started coverage on Occidental Petroleum in a research report on Monday, April 8th. They set a “hold” rating and a $65.00 price target for the company. Eleven research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $70.94.

View Our Latest Research Report on OXY

Occidental Petroleum Stock Up 0.1 %

OXY opened at $61.21 on Thursday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.71 and a current ratio of 0.95. The company has a market cap of $54.27 billion, a price-to-earnings ratio of 16.72 and a beta of 1.64. Occidental Petroleum has a one year low of $55.12 and a one year high of $71.18. The business’s fifty day moving average is $65.30 and its two-hundred day moving average is $61.44.

Occidental Petroleum (NYSE:OXYGet Free Report) last announced its quarterly earnings results on Tuesday, May 7th. The oil and gas producer reported $0.63 EPS for the quarter, topping the consensus estimate of $0.62 by $0.01. Occidental Petroleum had a return on equity of 17.50% and a net margin of 15.62%. The business had revenue of $6.01 billion for the quarter, compared to analyst estimates of $6.70 billion. During the same quarter in the previous year, the company earned $1.09 EPS. The company’s quarterly revenue was down 17.2% on a year-over-year basis.

Occidental Petroleum Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Monday, June 10th will be given a dividend of $0.22 per share. The ex-dividend date is Monday, June 10th. This represents a $0.88 annualized dividend and a yield of 1.44%. Occidental Petroleum’s dividend payout ratio (DPR) is presently 24.04%.

Institutional Trading of Occidental Petroleum

A number of hedge funds have recently added to or reduced their stakes in the business. Investment Research & Advisory Group Inc. lifted its holdings in shares of Occidental Petroleum by 75.2% during the 1st quarter. Investment Research & Advisory Group Inc. now owns 389 shares of the oil and gas producer’s stock worth $25,000 after acquiring an additional 167 shares during the period. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in Occidental Petroleum in the third quarter valued at approximately $26,000. Orion Capital Management LLC acquired a new position in Occidental Petroleum during the third quarter worth approximately $27,000. TLW Wealth Management LLC purchased a new position in Occidental Petroleum during the fourth quarter worth approximately $28,000. Finally, Grove Bank & Trust boosted its holdings in shares of Occidental Petroleum by 86.0% in the 4th quarter. Grove Bank & Trust now owns 519 shares of the oil and gas producer’s stock valued at $31,000 after purchasing an additional 240 shares during the last quarter. 88.70% of the stock is owned by institutional investors and hedge funds.

About Occidental Petroleum

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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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Earnings History and Estimates for Occidental Petroleum (NYSE:OXY)

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