Occidental Petroleum (NYSE:OXY) Given New $49.00 Price Target at UBS Group

Occidental Petroleum (NYSE:OXY) had its price objective increased by equities research analysts at UBS Group from $43.00 to $49.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the oil and gas producer’s stock. UBS Group’s price objective suggests a potential downside of 3.34% from the company’s previous close.

Other equities research analysts also recently issued research reports about the company. The Goldman Sachs Group cut their price objective on Occidental Petroleum from $43.00 to $41.00 and set a “sell” rating on the stock in a report on Thursday, January 22nd. Citigroup reduced their price target on Occidental Petroleum from $49.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday, November 19th. Susquehanna upped their price objective on Occidental Petroleum from $51.00 to $60.00 and gave the company a “positive” rating in a research note on Friday. Piper Sandler lifted their target price on shares of Occidental Petroleum from $46.00 to $47.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 28th. Finally, Jefferies Financial Group decreased their price target on shares of Occidental Petroleum from $44.00 to $42.00 and set a “hold” rating for the company in a research report on Tuesday, January 20th. Seven research analysts have rated the stock with 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.com, the company has a consensus rating of “Hold” and an average price target of $48.19.

Occidental Petroleum Price Performance

Shares of Occidental Petroleum stock traded down $0.84 during midday trading on Friday, hitting $50.69. 7,270,817 shares of the company traded hands, compared to its average volume of 12,226,325. The stock has a market cap of $49.94 billion, a price-to-earnings ratio of 31.50 and a beta of 0.41. 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’s fifty day moving average price is $43.26 and its 200-day moving average price is $43.57. Occidental Petroleum has a 12 month low of $34.78 and a 12 month high of $52.22.

Occidental Petroleum (NYSE:OXY) last issued its earnings results on Wednesday, February 18th. The oil and gas producer reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.13. The firm had revenue of $5.11 billion for the quarter, compared to analyst estimates of $6.02 billion. Occidental Petroleum had a net margin of 9.14% and a return on equity of 9.95%. The company’s quarterly revenue was down 5.2% on a year-over-year basis. During the same quarter last year, the business posted $0.80 earnings per share. As a group, sell-side analysts forecast that Occidental Petroleum will post 3.58 earnings per share for the current year.

Insider Buying and Selling at Occidental Petroleum

In related news, Director William R. Klesse acquired 5,000 shares of the business’s stock in a transaction dated Tuesday, December 16th. The shares were 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 of the company’s stock, valued at $8,533,228.74. This trade represents a 2.34% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.31% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in OXY. Woodline Partners LP boosted its stake in Occidental Petroleum by 40.7% during the 1st quarter. Woodline Partners LP now owns 57,079 shares of the oil and gas producer’s stock valued at $2,817,000 after purchasing an additional 16,506 shares during the last quarter. Mutual of America Capital Management LLC grew its holdings in shares of Occidental Petroleum by 3.4% in the second quarter. Mutual of America Capital Management LLC now owns 81,245 shares of the oil and gas producer’s stock valued at $3,413,000 after acquiring an additional 2,690 shares in the last quarter. Stephens Inc. AR increased its position in shares of Occidental Petroleum by 60.0% during the 2nd quarter. Stephens Inc. AR now owns 18,455 shares of the oil and gas producer’s stock valued at $775,000 after purchasing an additional 6,920 shares during the last quarter. Brookstone Capital Management increased its holdings in Occidental Petroleum by 34.0% during the second quarter. Brookstone Capital Management now owns 16,968 shares of the oil and gas producer’s stock worth $713,000 after buying an additional 4,301 shares during the last quarter. Finally, Ethic Inc. increased its stake in shares of Occidental Petroleum by 49.4% during the 2nd quarter. Ethic Inc. now owns 18,380 shares of the oil and gas producer’s stock worth $783,000 after purchasing an additional 6,078 shares during the last quarter. Institutional investors own 88.70% of the company’s stock.

Occidental Petroleum News Summary

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

• Positive Sentiment: Q4 earnings beat and production strength — OXY reported adjusted Q4 EPS above consensus and production that topped guidance, which traders interpreted as operational resilience despite weaker commodity prices. Occidental tops quarterly profit estimates on midstream support
• Positive Sentiment: Dividend increase — The board approved an ~8% quarterly dividend raise to $0.26, a shareholder‑friendly move that supported the rally. Occidental Climbs 9% on Dividend Hike
• Positive Sentiment: Balance-sheet progress — Management highlighted ~$5.8 billion of debt reduction since mid-December (helped by the OxyChem sale to Berkshire), improving leverage and supporting multiple expansion hopes. Occidental Refocuses After OxyChem Sale
• Positive Sentiment: Debt tender offers / consent solicitation — Occidental launched cash tender offers for certain senior notes, an active step to reshape the debt profile that investors view as constructive for credit risk and future cash flow. Occidental Announces Cash Tender Offers
• Positive Sentiment: Analyst upgrade / higher target — Susquehanna raised its price target (to $60) and refreshed a positive view, providing an analyst-driven upside case that likely contributed to buying. Analyst Price Target Raise (Benzinga)
• Neutral Sentiment: Lower 2026 capex / FCF-friendly guidance — Management signalled reduced 2026 spending versus prior expectations, implying higher free-cash-flow potential if commodity prices cooperate; this is supportive but commodity-dependent. Q4 beat and 2026 spending outlook (QuiverQuant)
• Neutral Sentiment: Unusual options activity — Elevated call buying (large open interest in short period) suggests speculative bullish positioning that can amplify moves both up and down. Options Flow Note (Benzinga)
• Negative Sentiment: Revenue miss and weaker cash metrics — While EPS beat, revenue and some cash‑flow metrics were below street expectations and several line items are down year-over-year, giving cautious investors pause. Q4: Earnings beat, revenues miss (Zacks)
• Negative Sentiment: Mixed analyst views & valuation skepticism — Some commentators (and at least one Seeking Alpha columnist) remain on the sidelines, saying they need a clearer catalyst for multiple expansion; the analyst consensus still includes lower targets, so upside isn’t unanimous. Impressive Q4 earnings fail to convince (Seeking Alpha)

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.