Q1 EPS Forecast for Occidental Petroleum Cut by Analyst

Occidental Petroleum Corporation (NYSE:OXY) – Research analysts at Zacks Research decreased their Q1 2027 EPS estimates for shares of Occidental Petroleum in a research note issued on Tuesday, January 27th. Zacks Research analyst Team now anticipates that the oil and gas producer will earn $0.43 per share for the quarter, down from their previous estimate of $0.49. Zacks Research currently has a “Strong Sell” rating on the stock. The consensus estimate for Occidental Petroleum’s current full-year earnings is $3.58 per share.

OXY has been the subject of several other reports. Susquehanna dropped their target price on Occidental Petroleum from $55.00 to $51.00 and set a “positive” rating for the company in a research report on Monday. Jefferies Financial Group dropped their price objective on shares of Occidental Petroleum from $44.00 to $42.00 and set a “hold” rating for the company in a report on Tuesday, January 20th. Wells Fargo & Company reduced their target price on shares of Occidental Petroleum from $42.00 to $40.00 and set an “underweight” rating on the stock in a report on Wednesday, November 12th. Morgan Stanley dropped their price target on shares of Occidental Petroleum from $51.00 to $50.00 and set an “overweight” rating for the company in a research note on Friday, January 23rd. Finally, HSBC reduced their price objective on Occidental Petroleum from $55.00 to $54.00 and set a “buy” rating on the stock in a research note on Wednesday, November 12th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eleven have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Occidental Petroleum presently has a consensus rating of “Hold” and an average price target of $47.43.

Occidental Petroleum Price Performance

OXY stock opened at $44.88 on Thursday. The business’s fifty day moving average price is $41.81 and its 200 day moving average price is $43.32. Occidental Petroleum has a 12-month low of $34.78 and a 12-month high of $52.58. The company has a current ratio of 0.94, a quick ratio of 0.71 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $44.21 billion, a PE ratio of 33.00 and a beta of 0.38.

Occidental Petroleum (NYSE:OXY) last announced its earnings results on Monday, November 10th. The oil and gas producer reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.16. Occidental Petroleum had a return on equity of 12.35% and a net margin of 7.81%.The company had revenue of $6.62 billion for the quarter, compared to analyst estimates of $6.66 billion. During the same quarter in the previous year, the company earned $1.00 earnings per share. The firm’s quarterly revenue was down 6.1% compared to the same quarter last year.

Hedge Funds Weigh In On Occidental Petroleum

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OXY. University of Texas Texas AM Investment Management Co. purchased a new position in Occidental Petroleum in the second quarter valued at approximately $27,000. City Holding Co. raised its stake in Occidental Petroleum by 250.0% during the 3rd quarter. City Holding Co. now owns 700 shares of the oil and gas producer’s stock worth $33,000 after acquiring an additional 500 shares in the last quarter. Binnacle Investments Inc acquired a new position in Occidental Petroleum in the third quarter valued at $35,000. Hantz Financial Services Inc. grew its holdings in shares of Occidental Petroleum by 1,193.9% during the second quarter. Hantz Financial Services Inc. now owns 854 shares of the oil and gas producer’s stock worth $36,000 after purchasing an additional 788 shares during the last quarter. Finally, GoalVest Advisory LLC acquired a new stake in shares of Occidental Petroleum during the third quarter worth about $38,000. 88.70% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Occidental Petroleum news, Director William R. Klesse purchased 5,000 shares of the firm’s stock in a transaction on Tuesday, December 16th. The stock was bought at an average cost of $38.98 per share, with a total value of $194,900.00. Following the acquisition, the director directly owned 218,913 shares of the company’s stock, valued at approximately $8,533,228.74. This represents a 2.34% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.49% of the stock is currently owned by corporate insiders.

Occidental Petroleum Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 10th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Wednesday, December 10th. Occidental Petroleum’s dividend payout ratio is 70.59%.

Occidental Petroleum News Summary

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

• Positive Sentiment: Piper Sandler raised its price target to $47 from $46 while keeping a “neutral” rating, implying modest upside versus the current level — a mild positive technical/valuation cue for traders. Piper Sandler price-target raise
• Neutral Sentiment: A Yahoo Finance piece highlights that OXY has delivered strong long-term returns (about 129% over five years), a reminder of past performance but not an immediate driver of near-term price moves. Five‑year returns article
• Neutral Sentiment: Zacks published a “most searched” investor interest article on OXY — signals heightened retail/institutional attention but not a directional earnings or rating change by itself. Zacks investor interest article
• Negative Sentiment: Zacks Research downgraded OXY from “hold” to “strong sell” and materially trimmed near‑term and FY2026/2027 EPS estimates across multiple quarters (Q1–Q4 2026, Q2–Q4 2027 and FY2026/FY2027). That downgrade and downward revision of earnings forecasts are a clear negative fundamental catalyst weighing on sentiment and could pressure the share price until guidance/earnings outlooks improve. Zacks downgrade and estimate cuts
• Negative Sentiment: Susquehanna lowered its expectations for OXY’s stock price, adding to the downward analyst momentum and potentially reducing near‑term buy-side conviction. Susquehanna lowers expectations

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.