Capital One Financial Forecasts OXY FY2026 Earnings

Occidental Petroleum Co. (NYSE:OXY) – Stock analysts at Capital One Financial increased their FY2026 earnings per share estimates for shares of Occidental Petroleum in a report issued on Monday, March 10th. Capital One Financial analyst B. Velie now anticipates that the oil and gas producer will post earnings per share of $3.41 for the year, up from their prior estimate of $3.14. The consensus estimate for Occidental Petroleum’s current full-year earnings is $3.58 per share.

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

OXY has been the subject of a number of other reports. Piper Sandler lowered their price objective on shares of Occidental Petroleum from $51.00 to $50.00 and set a “neutral” rating for the company in a research note on Thursday, March 6th. Wells Fargo & Company reissued an “equal weight” rating on shares of Occidental Petroleum in a research note on Friday, February 21st. The Goldman Sachs Group cut Occidental Petroleum from a “neutral” rating to a “sell” rating and dropped their target price for the company from $54.00 to $45.00 in a research report on Friday, January 31st. Raymond James lowered Occidental Petroleum from a “strong-buy” rating to an “outperform” rating and reduced their price target for the stock from $81.00 to $64.00 in a research report on Monday. Finally, Roth Capital set a $54.00 price objective on Occidental Petroleum in a research report on Thursday, January 23rd. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $60.86.

Occidental Petroleum Trading Up 0.2 %

Shares of NYSE OXY opened at $47.35 on Tuesday. Occidental Petroleum has a twelve month low of $44.70 and a twelve month high of $71.18. The company has a quick ratio of 0.76, a current ratio of 0.95 and a debt-to-equity ratio of 0.95. The business has a fifty day simple moving average of $49.25 and a two-hundred day simple moving average of $50.58. The firm has a market cap of $44.44 billion, a PE ratio of 19.41 and a beta of 1.51.

Institutional Investors Weigh In On Occidental Petroleum

Hedge funds have recently added to or reduced their stakes in the business. Altshuler Shaham Ltd acquired a new stake in Occidental Petroleum during the fourth quarter worth about $26,000. VSM Wealth Advisory LLC purchased a new position in Occidental Petroleum in the fourth quarter valued at $27,000. Whipplewood Advisors LLC purchased a new position in shares of Occidental Petroleum in the 4th quarter valued at about $27,000. Mizuho Securities Co. Ltd. acquired a new position in Occidental Petroleum in the 3rd quarter worth about $32,000. Finally, Bernard Wealth Management Corp. purchased a new position in Occidental Petroleum during the fourth quarter worth approximately $32,000. 88.70% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Occidental Petroleum

In other Occidental Petroleum news, major shareholder Berkshire Hathaway Inc acquired 3,614,015 shares of the business’s stock in a transaction dated Thursday, December 19th. The shares were purchased at an average price of $45.60 per share, for a total transaction of $164,799,084.00. Following the completion of the purchase, the insider now directly owns 264,178,414 shares of the company’s stock, valued at $12,046,535,678.40. The trade was a 1.39 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders bought a total of 6,854,394 shares of company stock worth $315,101,532 over the last three months. 0.31% of the stock is currently owned by insiders.

Occidental Petroleum Increases Dividend

The company also recently declared 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 2.03%. The ex-dividend date of this dividend is Monday, March 10th. This is an increase from Occidental Petroleum’s previous quarterly dividend of $0.22. Occidental Petroleum’s payout ratio is presently 39.34%.

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.