Occidental Petroleum Corporation (NYSE:OXY) Receives $49.48 Consensus Price Target from Analysts

Occidental Petroleum Corporation (NYSE:OXY) has been given a consensus rating of “Hold” by the twenty-three analysts that are covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a sell recommendation, thirteen have assigned a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $49.4286.

Several research analysts recently commented on OXY shares. Weiss Ratings restated a “hold (c-)” rating on shares of Occidental Petroleum in a report on Wednesday, October 8th. Mizuho increased their price objective on shares of Occidental Petroleum from $60.00 to $64.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 11th. Scotiabank lowered their target price on Occidental Petroleum from $47.00 to $46.00 and set a “sector perform” rating on the stock in a research report on Friday, January 16th. HSBC reduced their price target on Occidental Petroleum from $55.00 to $54.00 and set a “buy” rating for the company in a research report on Wednesday, November 12th. Finally, Piper Sandler lowered their price target on Occidental Petroleum from $47.00 to $46.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 18th.

Occidental Petroleum Stock Down 1.1%

NYSE:OXY opened at $42.22 on Friday. The stock has a 50-day simple moving average of $41.58 and a 200 day simple moving average of $43.36. Occidental Petroleum has a 52-week low of $34.78 and a 52-week high of $52.58. The company has a market cap of $41.60 billion, a PE ratio of 31.05 and a beta of 0.38. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.71 and a current ratio of 0.94.

Occidental Petroleum (NYSE:OXY) last released its earnings results on Monday, November 10th. The oil and gas producer reported $0.64 EPS for the quarter, beating the consensus estimate 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 analysts’ expectations of $6.66 billion. During the same quarter in the previous year, the business posted $1.00 EPS. The business’s quarterly revenue was down 6.1% compared to the same quarter last year. On average, sell-side analysts expect that Occidental Petroleum will post 3.58 EPS for the current fiscal year.

Occidental Petroleum Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 10th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Wednesday, December 10th. Occidental Petroleum’s payout ratio is presently 70.59%.

Key Headlines Impacting Occidental Petroleum

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

• Positive Sentiment: Market chatter expects a dividend increase tied to strong cash flow and the OxyChem sale — a move that could lift OXY shares if confirmed at the upcoming quarterly report. If Occidental Petroleum Hikes Its Dividend as Expected, OXY Stock Could Rally
• Positive Sentiment: Analysts and strategists outline a bullish case if proceeds from the OxyChem sale are returned to shareholders via dividend/buybacks; that narrative supports upside potential into the earnings print. The Bull Case For Occidental Petroleum (OXY) Could Change Following OxyChem Sale And Dividend Expectations
• Neutral Sentiment: Pre-earnings previews note Wall Street is conservative on Q4 estimates; results could move the stock either way depending on commodity prices, production and capital allocation commentary. Occidental Petroleum’s Quarterly Earnings Preview: What You Need to Know
• Neutral Sentiment: Options-focused pieces highlight shorting near-term out-of-the-money OXY puts as an income strategy, implying some traders expect limited near-term downside or are monetizing elevated implied volatility. If Occidental Petroleum Hikes Its Dividend As Expected, OXY Stock Could Rally (Options)
• Negative Sentiment: Western Midstream said it renegotiated gathering/processing contracts with Occidental and will receive a $610M unit transfer — a deal that could trim Occidental’s midstream control or change cash/asset profiles, creating short-term uncertainty. Western Midstream renegotiates Occidental contracts, to get $610 million in unit transfer
• Negative Sentiment: Scotiabank trimmed its price target slightly after the OxyChem sale news and kept a neutral/sector-perform view — a modest analyst downgrade that can add selling pressure ahead of earnings. Occidental (OXY) Sells OxyChem, Scotiabank Lowers PT
• Neutral Sentiment: Headline roundups (MSN/Barchart) summarize the same themes — dividend expectations, upcoming earnings and analyst commentary — which keeps headlines active but doesn’t add a new catalyst. Occidental Petroleum (OXY) Stock Moves -1.08%: What You Should Know

Insider Buying and Selling

In other news, Director William R. Klesse acquired 5,000 shares of the firm’s stock in a transaction dated Tuesday, December 16th. The stock was bought at an average price of $38.98 per share, with a total value of $194,900.00. Following the transaction, the director directly owned 218,913 shares in the company, valued at approximately $8,533,228.74. The trade was a 2.34% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.49% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Occidental Petroleum

Several hedge funds have recently bought and sold shares of OXY. Vanguard Group Inc. raised its stake in Occidental Petroleum by 10.3% in the second quarter. Vanguard Group Inc. now owns 88,504,019 shares of the oil and gas producer’s stock valued at $3,718,054,000 after buying an additional 8,273,030 shares during the period. Geode Capital Management LLC increased its holdings in shares of Occidental Petroleum by 22.0% during the 2nd quarter. Geode Capital Management LLC now owns 18,089,878 shares of the oil and gas producer’s stock worth $756,796,000 after acquiring an additional 3,267,269 shares during the last quarter. Wellington Management Group LLP raised its stake in Occidental Petroleum by 1,029.9% in the 3rd quarter. Wellington Management Group LLP now owns 1,493,747 shares of the oil and gas producer’s stock valued at $70,580,000 after acquiring an additional 1,361,541 shares during the period. AQR Capital Management LLC lifted its holdings in Occidental Petroleum by 134.3% during the 3rd quarter. AQR Capital Management LLC now owns 1,815,821 shares of the oil and gas producer’s stock valued at $85,798,000 after purchasing an additional 1,040,941 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Occidental Petroleum by 11.5% during the third quarter. Dimensional Fund Advisors LP now owns 8,718,939 shares of the oil and gas producer’s stock worth $412,045,000 after purchasing an additional 900,677 shares during the period. 88.70% of the stock is currently owned by institutional investors and hedge funds.

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.