Occidental Petroleum Corporation (NYSE:OXY) Stock Now Rated “Hold” by Sell-Side Analysts

Shares of Occidental Petroleum Corporation (NYSE:OXY) have been given an average rating of “Hold” by the twenty-seven ratings firms that are presently covering the firm, Marketbeat Ratings reports. Sixteen analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $65.54.

A number of equities analysts have weighed in on OXY shares. Stifel Nicolaus began coverage on Occidental Petroleum in a research note on Thursday, September 10th. They set a “hold” rating and a $68.00 price objective on the stock. Wall Street Zen upgraded Occidental Petroleum from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Weiss Ratings raised shares of Occidental Petroleum from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday. Citigroup dropped their price objective on shares of Occidental Petroleum from $62.00 to $60.00 and set a “neutral” rating for the company in a report on Friday, July 17th. Finally, The Goldman Sachs Group upgraded shares of Occidental Petroleum from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $63.00 to $69.00 in a research report on Thursday.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Berkshire Hathaway Inc purchased a new stake in Occidental Petroleum in the second quarter valued at $12,868,205,000. State Street Corp grew its holdings in shares of Occidental Petroleum by 6.6% during the 2nd quarter. State Street Corp now owns 46,141,269 shares of the oil and gas producer’s stock worth $2,252,271,000 after purchasing an additional 2,870,472 shares during the period. Geode Capital Management LLC increased its position in shares of Occidental Petroleum by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 18,846,231 shares of the oil and gas producer’s stock worth $771,949,000 after purchasing an additional 167,518 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Occidental Petroleum by 84.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 10,643,916 shares of the oil and gas producer’s stock valued at $516,975,000 after buying an additional 4,882,834 shares during the period. Finally, Amundi raised its holdings in Occidental Petroleum by 2.7% in the 1st quarter. Amundi now owns 2,979,380 shares of the oil and gas producer’s stock valued at $193,660,000 after buying an additional 78,335 shares during the period. 88.70% of the stock is currently owned by institutional investors and hedge funds.

Occidental Petroleum Trading Up 4.4%

OXY opened at $57.77 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.41 and a quick ratio of 1.13. The company’s 50 day simple moving average is $58.43 and its two-hundred day simple moving average is $57.31. Occidental Petroleum has a 1-year low of $38.80 and a 1-year high of $67.45. The firm has a market capitalization of $57.75 billion, a price-to-earnings ratio of 8.94, a price-to-earnings-growth ratio of 0.86 and a beta of 0.24.

Occidental Petroleum (NYSE:OXY) last posted its quarterly earnings results on Wednesday, August 5th. The oil and gas producer reported $2.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.57. Occidental Petroleum had a return on equity of 15.31% and a net margin of 28.36%.The business had revenue of $8.06 billion during the quarter, compared to analyst estimates of $7.07 billion. During the same period in the prior year, the business earned $0.39 earnings per share. The business’s revenue was up 53.4% compared to the same quarter last year. Analysts expect that Occidental Petroleum will post 6.2 EPS for the current fiscal year.

Occidental Petroleum Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Thursday, September 10th will be paid a $0.28 dividend. This is a positive change from Occidental Petroleum’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $1.12 annualized dividend and a dividend yield of 1.9%. Occidental Petroleum’s dividend payout ratio is currently 17.34%.

Occidental Petroleum News Roundup

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

• Positive Sentiment: Goldman Sachs upgraded OXY to Buy from Neutral and raised its price target to $69 from $63. The firm reportedly added Occidental to its high-conviction list, citing the company’s oil-recovery capabilities, efficiency initiatives and debt-reduction plan as potential drivers of further upside. Occidental Stock Gets an Upgrade
• Positive Sentiment: Recent operating results provide support for the upgrade. Occidental’s latest reported quarter exceeded analyst expectations for both earnings and revenue, while production was above the high end of management’s guidance. Management’s focus on advanced recovery projects and efficiency could improve free cash flow over time. Occidental Petroleum gains after analyst upgrade
• Neutral Sentiment: Occidental will release third-quarter 2026 results after the market close on November 9 and hold an investor conference call on November 10. The announcement gives investors a defined near-term catalyst, although it does not provide financial results or updated guidance. Occidental to Announce Third Quarter Results
• Negative Sentiment: Some investors continue to prefer Suncor Energy over OXY, arguing that Occidental’s U.S.-concentrated business provides less geographic diversification and may be more exposed to domestic commodity-price conditions. Other commentary has also cited softer oil prices and CEO-transition uncertainty as risks.

About Occidental Petroleum

Occidental Petroleum Corporation, commonly known as Oxy, is an energy company engaged in the exploration, development and production of oil and natural gas. Its upstream operations are concentrated in the United States, including the Permian and Denver-Julesburg basins, and in selected international regions such as the Middle East and North Africa.

The company also operates midstream and marketing businesses that support the gathering, processing, transportation and sale of oil, natural gas and natural gas liquids.