Capital One Financial Has Positive View of OXY Q1 Earnings

Occidental Petroleum Co. (NYSE:OXY) – Capital One Financial lifted their Q1 2025 earnings estimates for Occidental Petroleum in a research report issued on Tuesday, October 15th. Capital One Financial analyst B. Velie now anticipates that the oil and gas producer will post earnings of $0.41 per share for the quarter, up from their previous forecast of $0.39. The consensus estimate for Occidental Petroleum’s current full-year earnings is $3.49 per share. Capital One Financial also issued estimates for Occidental Petroleum’s Q2 2025 earnings at $0.40 EPS, Q3 2025 earnings at $0.40 EPS, Q4 2025 earnings at $0.39 EPS, FY2025 earnings at $1.59 EPS and FY2026 earnings at $1.75 EPS.

Other analysts have also recently issued reports about the stock. Bank of America started coverage on shares of Occidental Petroleum in a report on Thursday. They set a “neutral” rating and a $57.00 target price on the stock. Mizuho dropped their target price on shares of Occidental Petroleum from $76.00 to $72.00 and set a “neutral” rating on the stock in a report on Monday, September 16th. UBS Group dropped their target price on shares of Occidental Petroleum from $70.00 to $59.00 and set a “neutral” rating on the stock in a report on Wednesday, September 18th. BMO Capital Markets dropped their price objective on shares of Occidental Petroleum from $70.00 to $65.00 and set a “market perform” rating on the stock in a report on Friday, October 4th. Finally, Susquehanna dropped their price objective on shares of Occidental Petroleum from $78.00 to $77.00 and set a “positive” rating on the stock in a report on Friday. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $65.72.

Occidental Petroleum Trading Up 0.9 %

NYSE OXY opened at $51.73 on Friday. Occidental Petroleum has a 12 month low of $49.75 and a 12 month high of $71.18. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.04 and a quick ratio of 0.75. The company has a market capitalization of $45.87 billion, a price-to-earnings ratio of 14.13 and a beta of 1.57. The company’s fifty day moving average price is $54.21 and its two-hundred day moving average price is $59.96.

Occidental Petroleum (NYSE:OXY) last posted its quarterly earnings data on Wednesday, August 7th. The oil and gas producer reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.26. Occidental Petroleum had a net margin of 16.62% and a return on equity of 17.91%. The firm had revenue of $6.88 billion for the quarter, compared to the consensus estimate of $6.93 billion. During the same period in the prior year, the firm posted $0.68 EPS. The firm’s revenue was up 2.2% compared to the same quarter last year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Czech National Bank lifted its position in shares of Occidental Petroleum by 8.3% in the third quarter. Czech National Bank now owns 137,163 shares of the oil and gas producer’s stock worth $7,069,000 after purchasing an additional 10,456 shares in the last quarter. Discovery Capital Management LLC CT bought a new position in Occidental Petroleum during the second quarter valued at approximately $10,331,000. Empyrean Capital Partners LP bought a new position in Occidental Petroleum during the second quarter valued at approximately $2,975,000. Swedbank AB bought a new position in Occidental Petroleum during the first quarter valued at approximately $12,547,000. Finally, Royal Fund Management LLC raised its position in Occidental Petroleum by 124.2% during the third quarter. Royal Fund Management LLC now owns 57,416 shares of the oil and gas producer’s stock valued at $2,959,000 after acquiring an additional 31,809 shares in the last quarter. 88.70% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Occidental Petroleum news, major shareholder Petroleum Corp /De/ Occidental sold 19,500,000 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $35.75, for a total value of $697,125,000.00. Following the completion of the transaction, the insider now directly owns 165,681,578 shares in the company, valued at $5,923,116,413.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.31% of the company’s stock.

Occidental Petroleum Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, September 10th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 1.70%. The ex-dividend date was Tuesday, September 10th. Occidental Petroleum’s payout ratio is 24.04%.

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.