Analysts Set Occidental Petroleum Corporation (NYSE:OXY) Price Target at $51.24

Shares of Occidental Petroleum Corporation (NYSE:OXY) have received a consensus recommendation of “Hold” from the twenty-four brokerages that are covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have assigned a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $53.4762.

A number of equities analysts recently issued reports on the stock. HSBC increased their target price on shares of Occidental Petroleum from $54.00 to $59.00 and gave the company a “buy” rating in a research report on Friday, February 20th. Roth Mkm upped their price target on shares of Occidental Petroleum from $39.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday, February 20th. Piper Sandler upgraded shares of Occidental Petroleum from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $54.00 to $66.00 in a report on Thursday. TD Cowen raised their price objective on shares of Occidental Petroleum from $48.00 to $54.00 and gave the company a “hold” rating in a research note on Monday, February 23rd. Finally, Argus upgraded Occidental Petroleum to a “hold” rating in a research report on Friday, February 27th.

Occidental Petroleum Stock Down 0.9%

Shares of Occidental Petroleum stock opened at $57.91 on Monday. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.94 and a quick ratio of 0.74. Occidental Petroleum has a 1-year low of $34.78 and a 1-year high of $59.15. The business’s fifty day moving average price is $47.53 and its two-hundred day moving average price is $44.63. The company has a market capitalization of $57.11 billion, a P/E ratio of 35.97 and a beta of 0.34.

Occidental Petroleum (NYSE:OXY) last released its quarterly earnings results on Wednesday, February 18th. The oil and gas producer reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.13. Occidental Petroleum had a return on equity of 9.89% and a net margin of 9.14%.The company had revenue of $5.11 billion during the quarter, compared to analysts’ expectations of $6.02 billion. During the same quarter in the prior year, the business posted $0.80 earnings per share. The company’s revenue for the quarter was down 5.2% compared to the same quarter last year. As a group, research analysts forecast that Occidental Petroleum will post 3.58 EPS for the current year.

Occidental Petroleum Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 10th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 1.8%. This is a positive change from Occidental Petroleum’s previous quarterly dividend of $0.24. The ex-dividend date is Tuesday, March 10th. Occidental Petroleum’s payout ratio is currently 64.60%.

Insiders Place Their Bets

In other news, Director William R. Klesse bought 5,000 shares of the stock in a transaction that occurred on Tuesday, December 16th. The shares were purchased at an average cost of $38.98 per share, with a total value of $194,900.00. Following the completion of the acquisition, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.31% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Occidental Petroleum

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Woodline Partners LP boosted its position in shares of 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 in the last quarter. Resona Asset Management Co. Ltd. raised its holdings in shares of Occidental Petroleum by 6.0% in the 2nd quarter. Resona Asset Management Co. Ltd. now owns 232,028 shares of the oil and gas producer’s stock worth $9,769,000 after purchasing an additional 13,081 shares in the last quarter. Modera Wealth Management LLC lifted its stake in Occidental Petroleum by 7.8% during the second quarter. Modera Wealth Management LLC now owns 13,557 shares of the oil and gas producer’s stock valued at $570,000 after purchasing an additional 978 shares during the last quarter. Metis Global Partners LLC lifted its stake in Occidental Petroleum by 3.8% during the second quarter. Metis Global Partners LLC now owns 37,580 shares of the oil and gas producer’s stock valued at $1,579,000 after purchasing an additional 1,373 shares during the last quarter. Finally, AGF Management Ltd. boosted its holdings in Occidental Petroleum by 31.0% during the second quarter. AGF Management Ltd. now owns 72,906 shares of the oil and gas producer’s stock worth $3,063,000 after buying an additional 17,257 shares in the last quarter. 88.70% of the stock is owned by institutional investors and hedge funds.

Occidental Petroleum News Summary

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

• Positive Sentiment: Piper Sandler upgraded OXY to Overweight and raised its price target to $66, signaling stronger analyst conviction and providing tangible upside from current levels. Positive Report for Occidental Petroleum (OXY) from Piper Sandler
• Positive Sentiment: Coverage and headlines explain a roughly 40% move in OXY YTD — driven by oil‑price strength, Permian operational outperformance and visible debt reduction — reinforcing the narrative that fundamentals, not just momentum, are supporting the rally. What’s Behind The 40% Rise In OXY Stock?
• Positive Sentiment: Zacks notes OXY outperformed the energy group (≈+27% in a month) and cites rising oil, Permian strength and debt paydown as drivers — a bullish confirmation for investors focused on fundamentals and cash‑flow improvement. OXY Outperforms Industry in Past Month: Buy, Hold or Sell the Stock?
• Positive Sentiment: Intraday price jumps and above‑average volume coincided with upward earnings‑estimate revisions, suggesting analysts are beginning to bake in more upside for OXY. Occidental (OXY) Soars 5.1%: Is Further Upside Left in the Stock?
• Positive Sentiment: Broker activity also includes a Wells Fargo upgrade on the company’s equity warrant vehicle (OXY.WS), a signal that some desks see additional value in Occidental‑linked securities. Wells Fargo upgrades Occidental Petroleum Corporation – Equity Warrant (OXY.WS)
• Neutral Sentiment: Sector momentum from rising oil and Middle East supply‑concern headlines (tanker attacks, Strait of Hormuz rhetoric) is lifting energy peers broadly, which benefits OXY but also adds geopolitical volatility risk. Occidental Petroleum Stock Surges Thursday: What’s Driving The Action?
• Neutral Sentiment: Goldman assigned a $54 price target (and other outlets list varying targets), showing analyst views still diverge on fair value — useful context for investors deciding entry points or profit‑taking. Occidental Petroleum (NYSE:OXY) Given New $54.00 Price Target at The Goldman Sachs Group
• Neutral Sentiment: Occidental disclosed a $1.20B debt tender and covenant changes; this touches capital structure and may reduce near‑term leverage risks but invites scrutiny over terms and longer‑run funding flexibility. Should Occidental’s US$1.20 Billion Debt Tender and Covenant Changes Require Action From OXY Investors?
• Negative Sentiment: Some analysts and commentaries warn the oil‑led rally may be overextended and that easy gains could be behind the stock, implying higher near‑term downside risk if oil or macro sentiment reverses. Occidental Petroleum: Oil Rally Overly Done – Easy Gains Behind Us

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.