Zacks Research Has Negative Outlook of OXY Q1 Earnings

Occidental Petroleum Corporation (NYSE:OXY) – Equities researchers at Zacks Research dropped their Q1 2026 earnings per share (EPS) estimates for Occidental Petroleum in a research report issued to clients and investors on Tuesday, January 27th. Zacks Research analyst Team now anticipates that the oil and gas producer will post earnings of $0.31 per share for the quarter, down from their prior forecast of $0.34. 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. Zacks Research also issued estimates for Occidental Petroleum’s Q2 2026 earnings at $0.24 EPS, Q3 2026 earnings at $0.32 EPS, Q4 2026 earnings at $0.27 EPS, FY2026 earnings at $1.14 EPS, Q2 2027 earnings at $0.27 EPS, Q3 2027 earnings at $0.53 EPS, Q4 2027 earnings at $0.34 EPS and FY2027 earnings at $1.58 EPS.

A number of other equities analysts have also weighed in on the stock. Hsbc Global Res upgraded shares of Occidental Petroleum from a “hold” rating to a “strong-buy” rating in a report on Friday, October 3rd. Weiss Ratings reissued a “hold (c-)” rating on shares of Occidental Petroleum in a research report on Thursday, January 22nd. UBS Group reduced their price target on shares of Occidental Petroleum from $45.00 to $43.00 and set a “neutral” rating on the stock in a research report on Friday, December 12th. Evercore ISI decreased their price objective on shares of Occidental Petroleum from $40.00 to $38.00 and set an “underperform” rating for the company in a research note on Friday, October 3rd. Finally, BMO Capital Markets cut their target price on shares of Occidental Petroleum from $50.00 to $48.00 and set a “market perform” rating on the stock in a research note on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eleven have given a Hold rating and five have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $47.38.

Occidental Petroleum Price Performance

Occidental Petroleum stock opened at $44.59 on Wednesday. Occidental Petroleum has a 1 year low of $34.78 and a 1 year high of $52.58. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.71 and a current ratio of 0.94. The firm has a 50 day moving average price of $41.75 and a 200 day moving average price of $43.31. The company has a market cap of $43.93 billion, a price-to-earnings ratio of 32.79 and a beta of 0.38.

Occidental Petroleum (NYSE:OXY) last issued its quarterly earnings results on Monday, November 10th. The oil and gas producer reported $0.64 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $6.62 billion for the quarter, compared to analyst estimates of $6.66 billion. During the same period last year, the company earned $1.00 EPS. The firm’s quarterly revenue was down 6.1% on a year-over-year basis.

Institutional Trading of Occidental Petroleum

Hedge funds have recently made changes to their positions in the stock. Moody National Bank Trust Division boosted its stake in Occidental Petroleum by 1.5% during the 3rd quarter. Moody National Bank Trust Division now owns 15,555 shares of the oil and gas producer’s stock valued at $735,000 after acquiring an additional 229 shares during the last quarter. Apella Capital LLC raised its stake in Occidental Petroleum by 3.4% during the fourth quarter. Apella Capital LLC now owns 7,019 shares of the oil and gas producer’s stock valued at $289,000 after buying an additional 233 shares in the last quarter. Inspire Investing LLC raised its stake in Occidental Petroleum by 3.8% during the second quarter. Inspire Investing LLC now owns 6,720 shares of the oil and gas producer’s stock valued at $282,000 after buying an additional 247 shares in the last quarter. Jamison Private Wealth Management Inc. grew its position in shares of Occidental Petroleum by 1.8% in the 4th quarter. Jamison Private Wealth Management Inc. now owns 13,934 shares of the oil and gas producer’s stock worth $573,000 after acquiring an additional 249 shares in the last quarter. Finally, Woodward Diversified Capital LLC increased its holdings in shares of Occidental Petroleum by 4.2% in the 4th quarter. Woodward Diversified Capital LLC now owns 6,652 shares of the oil and gas producer’s stock valued at $274,000 after acquiring an additional 270 shares during the last quarter. Institutional investors and hedge funds own 88.70% of the company’s stock.

Insider Buying and Selling

In other Occidental Petroleum news, Director William R. Klesse acquired 5,000 shares of the stock in a transaction on Tuesday, December 16th. The stock was purchased at an average price of $38.98 per share, for a total transaction of $194,900.00. Following the purchase, the director directly owned 218,913 shares in the company, valued at $8,533,228.74. This trade represents a 2.34% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.49% of the company’s stock.

Occidental Petroleum Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 10th were paid a dividend of $0.24 per share. The ex-dividend date was Wednesday, December 10th. This represents a $0.96 annualized dividend and a dividend yield of 2.2%. Occidental Petroleum’s dividend payout ratio (DPR) is currently 70.59%.

More Occidental Petroleum News

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

• Positive Sentiment: Susquehanna trimmed its price target from $55 to $51 but kept a “positive” rating, signaling the firm still sees upside vs. current levels despite lowering near‑term expectations. Benzinga
• Positive Sentiment: Longer‑term performance context: a recent note highlights OXY has delivered strong five‑year returns (~129%), which may support investor interest at lower prices. Investors in Occidental Petroleum have seen strong returns
• Neutral Sentiment: Retail/investor interest: Zacks.com flags heavy search/attention for OXY, which can amplify intraday moves but is not a directional fundamental change. Zacks — investor interest
• Negative Sentiment: Zacks Research cut multiple near‑term and medium‑term EPS estimates across 2026–2027 (Q1–Q4 2026, Q2–Q4 2027 and FY2026/FY2027), lowering FY2026 to ~$1.14 and FY2027 to ~$1.58 and reiterating a “Strong Sell” rating — a clear downside catalyst for sentiment and valuation. (Zacks research note)
• Negative Sentiment: Coverage notes and commentary: outlets report Susquehanna has lowered expectations for OXY’s stock price (coverage highlighting tempered analyst optimism), adding to the negative near‑term tone. Susquehanna lowered expectations

About Occidental Petroleum

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.