Capital One Financial Has Weak Forecast for OXY Q1 Earnings

Occidental Petroleum Co. (NYSE:OXY) – Analysts at Capital One Financial cut their Q1 2025 EPS estimates for Occidental Petroleum in a note issued to investors on Wednesday, April 16th. Capital One Financial analyst B. Velie now anticipates that the oil and gas producer will post earnings per share of $0.85 for the quarter, down from their previous forecast of $0.86. The consensus estimate for Occidental Petroleum’s current full-year earnings is $3.58 per share.

Several other equities research analysts have also recently commented on OXY. Wells Fargo & Company reissued an “equal weight” rating on shares of Occidental Petroleum in a research note on Friday, February 21st. The Goldman Sachs Group lowered Occidental Petroleum from a “neutral” rating to a “sell” rating and cut their target price for the company from $54.00 to $45.00 in a report on Friday, January 31st. Scotiabank lowered Occidental Petroleum from a “sector outperform” rating to a “sector perform” rating and set a $40.00 price objective on the stock. in a report on Friday, April 11th. TD Cowen downgraded Occidental Petroleum from a “buy” rating to a “hold” rating and lowered their price target for the company from $68.00 to $45.00 in a report on Tuesday, April 8th. Finally, Citigroup lowered their target price on shares of Occidental Petroleum from $56.00 to $51.00 and set a “neutral” rating on the stock in a research note on Monday, March 17th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Occidental Petroleum presently has an average rating of “Hold” and an average target price of $55.81.

Occidental Petroleum Trading Up 3.3 %

Occidental Petroleum stock opened at $39.72 on Friday. The company’s fifty day simple moving average is $45.75 and its 200-day simple moving average is $48.72. The company has a quick ratio of 0.76, a current ratio of 0.95 and a debt-to-equity ratio of 0.95. Occidental Petroleum has a 12 month low of $34.79 and a 12 month high of $68.43. The stock has a market cap of $37.33 billion, a P/E ratio of 16.28 and a beta of 1.02.

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

Institutional Investors Weigh In On Occidental Petroleum

Institutional investors have recently modified their holdings of the business. Altshuler Shaham Ltd acquired a new stake in shares of Occidental Petroleum during the 4th quarter worth $26,000. Whipplewood Advisors LLC bought a new stake in shares of Occidental Petroleum during the 4th quarter worth approximately $27,000. VSM Wealth Advisory LLC acquired a new position in Occidental Petroleum during the fourth quarter valued at approximately $27,000. Bernard Wealth Management Corp. bought a new stake in Occidental Petroleum during the fourth quarter worth $32,000. Finally, Grove Bank & Trust raised its holdings in shares of Occidental Petroleum by 129.2% during the 1st quarter. Grove Bank & Trust now owns 722 shares of the oil and gas producer’s stock worth $36,000 after buying an additional 407 shares in the last quarter. Institutional investors own 88.70% of the company’s stock.

Insider Transactions at Occidental Petroleum

In related news, major shareholder Berkshire Hathaway Inc acquired 763,017 shares of the company’s stock in a transaction dated Friday, February 7th. The shares were bought at an average cost of $46.82 per share, with a total value of $35,724,455.94. Following the completion of the transaction, the insider now directly owns 264,941,431 shares of the company’s stock, valued at $12,404,557,799.42. This trade represents a 0.29 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.31% of the stock is owned by company insiders.

Occidental Petroleum Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 10th were given a dividend of $0.24 per share. This is a positive change from Occidental Petroleum’s previous quarterly dividend of $0.22. This represents a $0.96 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend was Monday, March 10th. Occidental Petroleum’s dividend 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.