Occidental Petroleum (NYSE:OXY) Price Target Raised to $47.00 at Piper Sandler

Occidental Petroleum (NYSE:OXY) had its target price hoisted by Piper Sandler from $46.00 to $47.00 in a research report sent to investors on Wednesday morning,Benzinga reports. The firm currently has a neutral rating on the oil and gas producer’s stock.

Several other equities research analysts have also commented on the stock. UBS Group dropped their price objective on shares of Occidental Petroleum from $45.00 to $43.00 and set a “neutral” rating on the stock in a research note on Friday, December 12th. HSBC lowered their target price on shares of Occidental Petroleum from $55.00 to $54.00 and set a “buy” rating for the company in a report on Wednesday, November 12th. Scotiabank cut their price target on Occidental Petroleum from $47.00 to $46.00 and set a “sector perform” rating on the stock in a research note on Friday, January 16th. Susquehanna reduced their price objective on Occidental Petroleum from $55.00 to $51.00 and set a “positive” rating for the company in a research report on Monday. Finally, Wall Street Zen cut Occidental Petroleum from a “hold” rating to a “sell” rating in a research note on Sunday, January 11th. 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 issued a Sell rating to the company’s stock. According to MarketBeat.com, Occidental Petroleum has a consensus rating of “Hold” and a consensus target price of $47.43.

Occidental Petroleum Trading Up 0.7%

NYSE OXY opened at $44.88 on Wednesday. The firm has a market capitalization of $44.21 billion, a PE ratio of 33.00 and a beta of 0.38. The stock’s 50 day moving average is $41.81 and its 200 day moving average is $43.32. Occidental Petroleum has a twelve month low of $34.78 and a twelve month high of $52.58. The company has a quick ratio of 0.71, a current ratio of 0.94 and a debt-to-equity ratio of 0.73.

Occidental Petroleum (NYSE:OXY) last announced its quarterly earnings data 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. The business had revenue of $6.62 billion during the quarter, compared to analyst estimates of $6.66 billion. Occidental Petroleum had a return on equity of 12.35% and a net margin of 7.81%.The company’s revenue for the quarter was down 6.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.00 earnings per share. Research analysts forecast that Occidental Petroleum will post 3.58 earnings per share for the current fiscal year.

Occidental Petroleum Announces Dividend

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

Insiders Place Their Bets

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

Institutional Trading of Occidental Petroleum

Large investors have recently made changes to their positions in the stock. Moody National Bank Trust Division boosted its holdings in Occidental Petroleum by 1.5% in the third quarter. Moody National Bank Trust Division now owns 15,555 shares of the oil and gas producer’s stock worth $735,000 after purchasing an additional 229 shares during the last quarter. Apella Capital LLC lifted its holdings in shares of Occidental Petroleum by 3.4% during the 4th 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 during the period. Inspire Investing LLC grew its holdings in shares of Occidental Petroleum by 3.8% in the second quarter. Inspire Investing LLC now owns 6,720 shares of the oil and gas producer’s stock worth $282,000 after acquiring an additional 247 shares during the period. Jamison Private Wealth Management Inc. lifted its holdings in Occidental Petroleum by 1.8% in the fourth quarter. Jamison Private Wealth Management Inc. now owns 13,934 shares of the oil and gas producer’s stock valued at $573,000 after acquiring an additional 249 shares during the period. Finally, Woodward Diversified Capital LLC boosted its position in Occidental Petroleum by 4.2% in the fourth quarter. Woodward Diversified Capital LLC now owns 6,652 shares of the oil and gas producer’s stock worth $274,000 after purchasing an additional 270 shares during the last quarter. 88.70% of the stock is currently owned by institutional investors.

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) 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

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.