Capital One Financial Has Optimistic View of OXY Q1 Earnings

Occidental Petroleum Co. (NYSE:OXY) – Equities research analysts at Capital One Financial upped their Q1 2025 earnings estimates for shares of Occidental Petroleum in a research note issued to investors on Wednesday, January 8th. Capital One Financial analyst B. Velie now forecasts that the oil and gas producer will earn $0.88 per share for the quarter, up from their previous forecast of $0.59. The consensus estimate for Occidental Petroleum’s current full-year earnings is $3.35 per share. Capital One Financial also issued estimates for Occidental Petroleum’s Q2 2025 earnings at $0.89 EPS, Q3 2025 earnings at $0.89 EPS, Q4 2025 earnings at $0.89 EPS and FY2025 earnings at $3.55 EPS.

OXY has been the topic of several other reports. The Goldman Sachs Group started coverage on Occidental Petroleum in a research report on Wednesday, October 2nd. They set a “neutral” rating and a $55.00 price objective on the stock. Susquehanna decreased their target price on shares of Occidental Petroleum from $77.00 to $65.00 and set a “positive” rating on the stock in a research report on Thursday, November 14th. TD Cowen reduced their price target on Occidental Petroleum from $80.00 to $68.00 and set a “buy” rating on the stock in a research report on Tuesday, November 12th. Piper Sandler lowered their price target on shares of Occidental Petroleum from $57.00 to $51.00 and set a “neutral” rating for the company in a report on Thursday, December 19th. Finally, Jefferies Financial Group raised their price target on shares of Occidental Petroleum from $53.00 to $54.00 and gave the stock a “hold” rating in a report on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Occidental Petroleum presently has an average rating of “Hold” and a consensus target price of $62.19.

Occidental Petroleum Stock Performance

NYSE:OXY opened at $52.11 on Monday. The business’s 50-day moving average price is $49.62 and its two-hundred day moving average price is $53.61. The stock has a market cap of $48.90 billion, a P/E ratio of 13.57 and a beta of 1.57. 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 twelve month low of $45.17 and a twelve month high of $71.18.

Occidental Petroleum Dividend Announcement

The company also recently announced 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 1.69%. The ex-dividend date is Tuesday, December 10th. Occidental Petroleum’s dividend payout ratio is 22.92%.

Insiders Place Their Bets

In other news, major shareholder Berkshire Hathaway Inc acquired 3,614,015 shares of Occidental Petroleum stock in a transaction dated Thursday, December 19th. The stock was purchased at an average cost of $45.60 per share, with a total value of $164,799,084.00. Following the completion of the purchase, the insider now directly owns 264,178,414 shares in the company, valued at approximately $12,046,535,678.40. This trade represents a 1.39 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.31% of the company’s stock.

Hedge Funds Weigh In On Occidental Petroleum

Hedge funds have recently made changes to their positions in the business. H&H International Investment LLC boosted its stake in Occidental Petroleum by 497.7% in the 3rd 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. Himalaya Capital Management LLC purchased a new position in Occidental Petroleum during the 2nd quarter valued at approximately $92,433,000. Anson Funds Management LP increased its stake in Occidental Petroleum by 3,645.8% in the 3rd quarter. Anson Funds Management LP now owns 765,486 shares of the oil and gas producer’s stock worth $39,453,000 after acquiring an additional 745,050 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Occidental Petroleum by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 13,846,890 shares of the oil and gas producer’s stock valued at $710,886,000 after acquiring an additional 444,850 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Occidental Petroleum during the 3rd quarter valued at about $18,554,000. Institutional investors own 88.70% of the company’s stock.

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.