Research Analysts Offer Predictions for OXY FY2026 Earnings

Occidental Petroleum Co. (NYSE:OXY) – Scotiabank issued their FY2026 EPS estimates for Occidental Petroleum in a research note issued to investors on Wednesday, January 8th. Scotiabank analyst P. Cheng forecasts that the oil and gas producer will post earnings per share of $3.90 for the year. Scotiabank currently has a “Sector Outperform” rating and a $65.00 price objective on the stock. The consensus estimate for Occidental Petroleum’s current full-year earnings is $3.35 per share.

Several other equities research analysts also recently issued reports on OXY. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $56.00 price objective on shares of Occidental Petroleum in a report on Friday, November 8th. Mizuho reduced their price target on shares of Occidental Petroleum from $72.00 to $70.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. Raymond James increased their target price on shares of Occidental Petroleum from $77.00 to $78.00 and gave the stock a “strong-buy” rating in a report on Thursday, November 21st. Wolfe Research upped their price objective on Occidental Petroleum from $73.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Finally, Piper Sandler decreased their target price on Occidental Petroleum from $57.00 to $51.00 and set a “neutral” rating for the company in a report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Occidental Petroleum has a consensus rating of “Hold” and a consensus price target of $62.10.

Occidental Petroleum Stock Down 0.8 %

Occidental Petroleum stock opened at $51.16 on Friday. The company has a market capitalization of $48.01 billion, a PE ratio of 13.32 and a beta of 1.57. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.76 and a current ratio of 1.00. Occidental Petroleum has a fifty-two week low of $45.17 and a fifty-two week high of $71.18. The firm has a 50 day moving average price of $49.51 and a 200 day moving average price of $53.97.

Occidental Petroleum Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 10th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date of this dividend is Tuesday, December 10th. Occidental Petroleum’s dividend payout ratio is presently 22.92%.

Insiders Place Their Bets

In other news, major shareholder Berkshire Hathaway Inc bought 2,477,362 shares of the stock in a transaction on Tuesday, December 17th. The shares were bought at an average price of $46.25 per share, with a total value of $114,577,992.50. Following the completion of the acquisition, the insider now owns 257,758,886 shares of the company’s stock, valued at approximately $11,921,348,477.50. This trade represents a 0.97 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.48% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Occidental Petroleum

Several institutional investors and hedge funds have recently made changes to their positions in the business. Principal Financial Group Inc. raised its position in Occidental Petroleum by 7.1% during the third quarter. Principal Financial Group Inc. now owns 773,762 shares of the oil and gas producer’s stock worth $39,880,000 after acquiring an additional 51,042 shares during the last quarter. Alternative Investment Advisors LLC. acquired a new stake in Occidental Petroleum during the 3rd quarter valued at $1,002,000. Retirement Systems of Alabama increased its position in Occidental Petroleum by 1.8% during the third quarter. Retirement Systems of Alabama now owns 149,387 shares of the oil and gas producer’s stock worth $7,699,000 after buying an additional 2,700 shares in the last quarter. Inspire Trust Co. N.A. raised its holdings in shares of Occidental Petroleum by 13.2% in the third quarter. Inspire Trust Co. N.A. now owns 57,365 shares of the oil and gas producer’s stock worth $2,957,000 after acquiring an additional 6,700 shares during the last quarter. Finally, Synovus Financial Corp boosted its stake in shares of Occidental Petroleum by 1,247.7% during the third quarter. Synovus Financial Corp now owns 50,486 shares of the oil and gas producer’s stock valued at $2,602,000 after acquiring an additional 46,740 shares during the last quarter. 88.70% of the stock is currently owned by hedge funds and other institutional investors.

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.