What is Zacks Research’s Forecast for OXY Q1 Earnings?

Occidental Petroleum Co. (NYSE:OXY) – Zacks Research lowered their Q1 2025 earnings estimates for Occidental Petroleum in a note issued to investors on Tuesday, March 11th. Zacks Research analyst J. Saha now forecasts that the oil and gas producer will earn $0.70 per share for the quarter, down from their prior estimate of $0.83. The consensus estimate for Occidental Petroleum’s current full-year earnings is $3.58 per share. Zacks Research also issued estimates for Occidental Petroleum’s Q4 2025 earnings at $0.98 EPS, FY2025 earnings at $3.43 EPS, Q2 2026 earnings at $0.98 EPS, Q3 2026 earnings at $0.95 EPS, Q4 2026 earnings at $0.83 EPS and FY2026 earnings at $3.60 EPS.

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

Other research analysts have also recently issued reports about the stock. StockNews.com cut shares of Occidental Petroleum from a “hold” rating to a “sell” rating in a report on Thursday, February 27th. Roth Capital set a $54.00 target price on shares of Occidental Petroleum in a report on Thursday, January 23rd. Truist Financial increased their price target on shares of Occidental Petroleum from $56.00 to $58.00 and gave the company a “hold” rating in a research report on Monday, January 13th. The Goldman Sachs Group lowered shares of Occidental Petroleum from a “neutral” rating to a “sell” rating and decreased their price target for the company from $54.00 to $45.00 in a research report on Friday, January 31st. Finally, Piper Sandler decreased their price target on shares of Occidental Petroleum from $51.00 to $50.00 and set a “neutral” rating for the company in a research report on Thursday, March 6th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Occidental Petroleum currently has an average rating of “Hold” and an average target price of $60.68.

Occidental Petroleum Stock Down 1.4 %

Shares of Occidental Petroleum stock opened at $45.45 on Friday. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.95 and a quick ratio of 0.76. Occidental Petroleum has a 1 year low of $44.70 and a 1 year high of $71.18. The firm’s 50-day moving average is $49.03 and its two-hundred day moving average is $50.44. The stock has a market cap of $42.66 billion, a price-to-earnings ratio of 18.63 and a beta of 1.51.

Hedge Funds Weigh In On Occidental Petroleum

Several large investors have recently made changes to their positions in the company. Altshuler Shaham Ltd purchased a new stake in Occidental Petroleum in the 4th quarter worth $26,000. Whipplewood Advisors LLC acquired a new position in shares of Occidental Petroleum during the 4th quarter valued at about $27,000. VSM Wealth Advisory LLC acquired a new stake in shares of Occidental Petroleum during the fourth quarter worth about $27,000. Bernard Wealth Management Corp. acquired a new stake in shares of Occidental Petroleum during the fourth quarter worth about $32,000. Finally, Atala Financial Inc acquired a new stake in shares of Occidental Petroleum during the fourth quarter worth about $40,000. 88.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Occidental Petroleum

In other news, major shareholder Berkshire Hathaway Inc bought 763,017 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The stock was purchased at an average cost of $46.82 per share, for a total transaction of $35,724,455.94. Following the purchase, the insider now directly owns 264,941,431 shares in the company, valued at approximately $12,404,557,799.42. This trade represents a 0.29 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders acquired 6,854,394 shares of company stock worth $315,101,532. Company insiders own 0.48% of the company’s stock.

Occidental Petroleum Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 10th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.11%. This is a boost from Occidental Petroleum’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Monday, March 10th. Occidental Petroleum’s payout ratio is presently 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.