Occidental Petroleum Co. (NYSE:OXY – Free Report) – Equities researchers at Zacks Research upped their Q1 2025 earnings per share (EPS) estimates for shares of Occidental Petroleum in a research report issued to clients and investors on Friday, September 22nd. Zacks Research analyst J. Saha now forecasts that the oil and gas producer will post earnings of $1.54 per share for the quarter, up from their previous forecast of $1.45. The consensus estimate for Occidental Petroleum’s current full-year earnings is $3.80 per share.
Occidental Petroleum (NYSE:OXY – Get Free Report) last announced its quarterly earnings data on Wednesday, August 2nd. The oil and gas producer reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.02). The company had revenue of $6.73 billion during the quarter, compared to analyst estimates of $6.92 billion. Occidental Petroleum had a net margin of 21.36% and a return on equity of 31.59%. Occidental Petroleum’s revenue was down 37.3% on a year-over-year basis. During the same period in the prior year, the firm earned $3.16 earnings per share.
View Our Latest Stock Report on OXY
Occidental Petroleum Price Performance
Shares of NYSE OXY opened at $62.89 on Monday. The stock has a market capitalization of $55.64 billion, a PE ratio of 10.68, a P/E/G ratio of 0.75 and a beta of 1.77. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.00 and a quick ratio of 0.73. The business has a fifty day moving average price of $63.40 and a two-hundred day moving average price of $61.15. Occidental Petroleum has a fifty-two week low of $55.51 and a fifty-two week high of $76.11.
Occidental Petroleum Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 8th will be given a $0.18 dividend. The ex-dividend date is Thursday, September 7th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.14%. Occidental Petroleum’s dividend payout ratio (DPR) is presently 12.22%.
Insider Buying and Selling at Occidental Petroleum
In other news, major shareholder Petroleum Corp /De/ Occidental sold 5,100,000 shares of the business’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $25.00, for a total value of $127,500,000.00. Following the transaction, the insider now directly owns 185,181,578 shares of the company’s stock, valued at approximately $4,629,539,450. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, major shareholder Petroleum Corp /De/ Occidental sold 5,100,000 shares of the business’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $25.00, for a total value of $127,500,000.00. Following the transaction, the insider now directly owns 185,181,578 shares of the company’s stock, valued at approximately $4,629,539,450. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Berkshire Hathaway Inc acquired 260,769 shares of the company’s stock in a transaction dated Wednesday, June 28th. The stock was acquired at an average cost of $57.02 per share, for a total transaction of $14,869,048.38. Following the completion of the purchase, the insider now directly owns 224,129,192 shares in the company, valued at $12,779,846,527.84. The disclosure for this purchase can be found here. Corporate insiders own 0.31% of the company’s stock.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in OXY. Ironwood Wealth Management LLC. acquired a new position in Occidental Petroleum during the 1st quarter worth approximately $334,000. Cibc World Market Inc. raised its stake in Occidental Petroleum by 47.2% during the 1st quarter. Cibc World Market Inc. now owns 55,697 shares of the oil and gas producer’s stock worth $3,160,000 after buying an additional 17,859 shares during the period. Prudential PLC acquired a new position in Occidental Petroleum during the 1st quarter worth approximately $1,124,000. Sequoia Financial Advisors LLC acquired a new position in Occidental Petroleum during the 1st quarter worth approximately $313,000. Finally, Candriam Luxembourg S.C.A. raised its stake in Occidental Petroleum by 12.4% during the 1st quarter. Candriam Luxembourg S.C.A. now owns 54,540 shares of the oil and gas producer’s stock worth $3,094,000 after buying an additional 6,018 shares during the period. 77.54% of the stock is owned by institutional investors and hedge funds.
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, North Africa, and Latin America. It operates through three segments: Oil and Gas, Chemical, and Midstream and Marketing.
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