Equities Analysts Set Expectations for OXY Q1 Earnings

Occidental Petroleum Co. (NYSE:OXY) – Equities research analysts at Roth Capital raised their Q1 2025 earnings estimates for shares of Occidental Petroleum in a note issued to investors on Tuesday, February 11th. Roth Capital analyst L. Mariani now expects that the oil and gas producer will post earnings of $0.98 per share for the quarter, up from their previous forecast of $0.80. The consensus estimate for Occidental Petroleum’s current full-year earnings is $3.34 per share. Roth Capital also issued estimates for Occidental Petroleum’s Q2 2025 earnings at $0.81 EPS, Q3 2025 earnings at $0.88 EPS, Q4 2025 earnings at $1.09 EPS and FY2025 earnings at $3.75 EPS.

A number of other analysts have also recently commented on OXY. StockNews.com cut Occidental Petroleum from a “hold” rating to a “sell” rating in a research note on Thursday, February 6th. Mizuho lowered their target price on shares of Occidental Petroleum from $72.00 to $70.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. Citigroup reduced their price target on shares of Occidental Petroleum from $57.00 to $56.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 26th. TD Cowen lowered their price objective on shares of Occidental Petroleum from $80.00 to $68.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. Finally, Stephens boosted their target price on Occidental Petroleum from $70.00 to $71.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Occidental Petroleum currently has an average rating of “Hold” and a consensus price target of $61.71.

Occidental Petroleum Stock Up 0.0 %

NYSE:OXY opened at $47.84 on Friday. The company has a quick ratio of 0.76, a current ratio of 1.00 and a debt-to-equity ratio of 0.96. Occidental Petroleum has a 12-month low of $45.17 and a 12-month high of $71.18. The stock’s fifty day simple moving average is $49.01 and its 200-day simple moving average is $51.82. The firm has a market capitalization of $44.89 billion, a P/E ratio of 12.46 and a beta of 1.55.

Insider Buying and Selling

In other Occidental Petroleum news, major shareholder Berkshire Hathaway Inc bought 3,614,015 shares of the stock in a transaction on Thursday, December 19th. The stock was acquired at an average cost of $45.60 per share, for a total transaction of $164,799,084.00. Following the completion of the acquisition, the insider now owns 264,178,414 shares in the company, valued at $12,046,535,678.40. This trade represents a 1.39 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Insiders bought 6,854,394 shares of company stock valued at $315,101,532 over the last quarter. Insiders own 0.31% of the company’s stock.

Hedge Funds Weigh In On Occidental Petroleum

A number of institutional investors and hedge funds have recently modified their holdings of OXY. Vanguard Group Inc. boosted its stake in Occidental Petroleum by 18.1% during the fourth quarter. Vanguard Group Inc. now owns 68,123,704 shares of the oil and gas producer’s stock worth $3,365,992,000 after acquiring an additional 10,434,098 shares in the last quarter. H&H International Investment LLC raised its position in shares of Occidental Petroleum by 497.7% during the third quarter. H&H International Investment LLC now owns 9,223,700 shares of the oil and gas producer’s stock worth $475,389,000 after purchasing an additional 7,680,598 shares during the period. Marshall Wace LLP lifted its holdings in shares of Occidental Petroleum by 48.1% in the 4th quarter. Marshall Wace LLP now owns 4,117,777 shares of the oil and gas producer’s stock worth $203,459,000 after purchasing an additional 1,337,728 shares in the last quarter. Invesco Ltd. grew its position in Occidental Petroleum by 25.2% in the 4th quarter. Invesco Ltd. now owns 6,357,689 shares of the oil and gas producer’s stock valued at $314,133,000 after purchasing an additional 1,278,389 shares during the period. Finally, Scharf Investments LLC increased its stake in Occidental Petroleum by 48.7% during the 4th quarter. Scharf Investments LLC now owns 2,461,033 shares of the oil and gas producer’s stock valued at $121,600,000 after purchasing an additional 805,525 shares in the last quarter. 88.70% of the stock is currently owned by institutional investors.

Occidental Petroleum Company Profile

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.