Occidental Petroleum (NYSE:OXY) Releases Quarterly Earnings Results, Beats Estimates By $0.46 EPS

Occidental Petroleum (NYSE:OXY) released its quarterly earnings results on Tuesday. The oil and gas producer reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.46, FiscalAI reports. Occidental Petroleum had a return on equity of 9.91% and a net margin of 19.98%.The company had revenue of $5.11 billion during the quarter, compared to analysts’ expectations of $5.44 billion. During the same quarter in the prior year, the business posted $0.14 earnings per share. The company’s revenue for the quarter was down 8.3% compared to the same quarter last year.

Occidental Petroleum Stock Down 1.8%

NYSE OXY traded down $0.97 during trading on Thursday, reaching $54.15. 9,656,070 shares of the company’s stock were exchanged, compared to its average volume of 15,546,423. Occidental Petroleum has a fifty-two week low of $38.80 and a fifty-two week high of $67.45. The firm has a market capitalization of $53.70 billion, a PE ratio of 13.66 and a beta of 0.17. The company has a current ratio of 0.94, a quick ratio of 0.74 and a debt-to-equity ratio of 0.73. The company’s fifty day simple moving average is $57.98 and its 200-day simple moving average is $48.09.

Occidental Petroleum Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, June 10th will be given a dividend of $0.26 per share. The ex-dividend date is Wednesday, June 10th. This represents a $1.04 dividend on an annualized basis and a yield of 1.9%. Occidental Petroleum’s dividend payout ratio (DPR) is presently 26.20%.

Institutional Investors Weigh In On Occidental Petroleum

Institutional investors have recently bought and sold shares of the business. Caitlin John LLC acquired a new stake in Occidental Petroleum during the 4th quarter worth about $29,000. Binnacle Investments Inc acquired a new stake in shares of Occidental Petroleum during the 3rd quarter valued at about $35,000. Rossby Financial LCC lifted its holdings in shares of Occidental Petroleum by 155.0% during the 4th quarter. Rossby Financial LCC now owns 765 shares of the oil and gas producer’s stock valued at $31,000 after buying an additional 465 shares during the last quarter. McMillan Office Inc. acquired a new stake in shares of Occidental Petroleum during the 4th quarter valued at about $35,000. Finally, DV Equities LLC acquired a new stake in shares of Occidental Petroleum during the 4th quarter valued at about $40,000. 88.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently weighed in on OXY shares. Wolfe Research raised their target price on Occidental Petroleum from $67.00 to $70.00 and gave the company an “outperform” rating in a research note on Monday, April 6th. Truist Financial started coverage on Occidental Petroleum in a research note on Tuesday, March 24th. They set a “hold” rating and a $65.00 target price for the company. Susquehanna raised their target price on Occidental Petroleum from $60.00 to $67.00 and gave the company a “positive” rating in a research note on Tuesday, April 21st. HSBC raised their target price on Occidental Petroleum from $59.00 to $68.00 and gave the company a “buy” rating in a research note on Friday, March 20th. Finally, Raymond James Financial raised their target price on Occidental Petroleum from $64.00 to $75.00 and gave the company an “outperform” rating in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $62.91.

Occidental Petroleum News Roundup

Here are the key news stories impacting Occidental Petroleum this week:

• Positive Sentiment: Q1 EPS topped expectations ($1.06 vs. ~$0.60 consensus), driven by strong production and one?time items that lifted profit. The beat supports near?term profitability narratives. Read More.
• Positive Sentiment: Company reported profit gains helped by an asset sale and higher realized prices on parts of the portfolio — a contributor to headline EPS strength. Read More.
• Positive Sentiment: Analysts note that even with guidance revisions, Occidental is continuing to deleverage and reduce net debt — a multi?quarter tailwind for valuation if free cash flow improves. Read More.
• Positive Sentiment: Some research pieces argue OXY’s valuation and fundamentals still allow upside (operational gains, cost cuts), giving investors a constructive longer?term case despite near?term noise. Read More.
• Neutral Sentiment: Leadership is shifting (CEO change discussed), which investors see as a potential reset for operations but adds short?term uncertainty until the new strategy is clear. Read More.
• Neutral Sentiment: Company materials (earnings call transcript and slide deck) provide detail on production, hedges and cash flow — useful for investors but contain no single market?moving surprise beyond the numbers. Read More.
• Negative Sentiment: Occidental said it will not add new oil hedges this year after price volatility tied to the Iran war lowered realized prices — removing some downside protection and increasing exposure to near?term oil swings. Read More.
• Negative Sentiment: Sector weakness from reports of progress toward ending the Iran conflict pressured oil prices and dragged down Exxon/Chevron/Occidental — a macro headline that likely amplified today’s pullback. Read More.
• Negative Sentiment: Revenue missed estimates and analysts flagged hedging losses and negative free cash flow in the quarter; some sell?side pieces recommend taking profits or have downgraded near?term ratings. Those factors increase near?term downside risk until cash flow normalizes. Read More.

Occidental Petroleum Company Profile

Occidental Petroleum Corporation (OXY) is an international energy company engaged primarily in the exploration, production and marketing of oil and natural gas. The company conducts upstream activities to discover and produce hydrocarbons and operates complementary midstream and marketing functions to transport and sell its production. Occidental also owns a chemicals business that manufactures and sells industrial chemicals and related products for a range of end markets.

Occidental’s operations are concentrated in the United States, with a significant presence in the Permian Basin, and it maintains exploration and production activities in several international regions, including parts of the Middle East, Latin America and Africa.