Susquehanna Cuts Occidental Petroleum (NYSE:OXY) Price Target to $51.00

Posted by Renee Jackson on Jan 29th, 2026

Occidental Petroleum (NYSE:OXY – Free Report) had its price target decreased by Susquehanna from $55.00 to $51.00 in a report published on Monday,Benzinga reports. Susquehanna currently has a positive rating on the oil and gas producer’s stock.

A number of other analysts also recently commented on OXY. Hsbc Global Res upgraded shares of Occidental Petroleum from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 3rd. Roth Mkm boosted their target price on Occidental Petroleum from $45.00 to $46.00 and gave the stock a “neutral” rating in a report on Thursday, October 2nd. BMO Capital Markets cut their target price on Occidental Petroleum from $50.00 to $48.00 and set a “market perform” rating for the company in a research report on Monday, January 12th. Wells Fargo & Company lowered their price target on Occidental Petroleum from $42.00 to $40.00 and set an “underweight” rating on the stock in a research report on Wednesday, November 12th. Finally, Citigroup cut their price objective on Occidental Petroleum from $49.00 to $45.00 and set a “neutral” rating for the company in a report on Wednesday, November 19th. One 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 given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $47.43.

View Our Latest Report on OXY

Occidental Petroleum Stock Performance

Shares of OXY stock opened at $44.88 on Monday. Occidental Petroleum has a 12-month low of $34.78 and a 12-month high of $52.58. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.94 and a quick ratio of 0.71. The firm has a market capitalization of $44.21 billion, a price-to-earnings ratio of 33.00 and a beta of 0.38. The business has a 50 day simple moving average of $41.81 and a 200 day simple moving average of $43.32.

Occidental Petroleum (NYSE:OXY – Get Free Report) last announced 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 company had revenue of $6.62 billion during the quarter, compared to analyst estimates of $6.66 billion. During the same quarter in the previous year, the firm posted $1.00 EPS. The firm’s quarterly revenue was down 6.1% on a year-over-year basis. On average, equities research analysts anticipate that Occidental Petroleum will post 3.58 EPS for the current year.

Occidental Petroleum Announces Dividend

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

Insider Buying and Selling

In other news, Director William R. Klesse bought 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, for a total transaction of $194,900.00. Following the completion of the acquisition, the director directly owned 218,913 shares in the company, valued at $8,533,228.74. This represents a 2.34% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.49% of the company’s stock.

Institutional Investors Weigh In On Occidental Petroleum

Several hedge funds have recently made changes to their positions in OXY. Vanguard Group Inc. increased its stake in Occidental Petroleum by 0.8% in the third quarter. Vanguard Group Inc. now owns 89,201,540 shares of the oil and gas producer’s stock valued at $4,214,773,000 after purchasing an additional 697,521 shares during the last quarter. State Street Corp boosted its stake in Occidental Petroleum by 1.6% in the 2nd quarter. State Street Corp now owns 39,044,478 shares of the oil and gas producer’s stock worth $1,649,147,000 after buying an additional 615,566 shares during the last quarter. Geode Capital Management LLC increased its stake 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 valued at $756,796,000 after acquiring an additional 3,267,269 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Occidental Petroleum by 11.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 8,718,939 shares of the oil and gas producer’s stock worth $412,045,000 after acquiring an additional 900,677 shares during the period. Finally, Fairfax Financial Holdings Ltd. Can boosted its position in shares of Occidental Petroleum by 0.5% in the second quarter. Fairfax Financial Holdings Ltd. Can now owns 6,050,418 shares of the oil and gas producer’s stock worth $254,118,000 after acquiring an additional 30,000 shares during the last quarter. Hedge funds and other institutional investors own 88.70% of the company’s stock.

Key Occidental Petroleum News

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

Positive Sentiment: Piper Sandler raised its price target to $47 (from $46) and maintained a neutral rating — a modest upside to the stock’s current level that can provide short‑term support. Piper Sandler raises PT to $47 (Benzinga)
Positive Sentiment: Coverage pieces highlighting Occidental’s strong five‑year return (cited ~129% gain) reinforce longer‑term investor confidence and may attract buyers focused on historic performance. Investors in Occidental Petroleum have seen strong returns (Yahoo)
Neutral Sentiment: Heightened investor interest/search activity around OXY has been reported (more eyeballs can amplify volatility but is not a directional catalyst by itself). Investors Heavily Search Occidental Petroleum (Zacks)
Negative Sentiment: Zacks Research downgraded OXY to a “Strong Sell” and lowered multiple quarterly and full‑year EPS estimates for 2026–2027 (several downward revisions across Q1–Q4 2026 and FY2026–FY2027). This is the primary near‑term negative catalyst and likely the main reason for selling pressure in parts of the session. Zacks downgrades to Strong Sell and trims EPS outlook (Zacks)
Negative Sentiment: Susquehanna has lowered its expectations for OXY’s stock price, adding another analyst note that could weigh on sentiment and limit buying interest until clearer fundamentals or guidance emerge. Susquehanna lowers expectations for Occidental (AmericanBankingNews)

Occidental Petroleum Company Profile

(Get Free Report)

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.