Occidental Petroleum (NYSE:OXY) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Occidental Petroleum (NYSE:OXY) had its target price boosted by equities research analysts at BMO Capital Markets from $48.00 to $60.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has a “market perform” rating on the oil and gas producer’s stock. BMO Capital Markets’ target price would indicate a potential upside of 14.29% from the company’s previous close.

Several other brokerages also recently commented on OXY. Weiss Ratings cut Occidental Petroleum from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday. Wolfe Research dropped their price objective on shares of Occidental Petroleum from $55.00 to $54.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 21st. Bank of America lifted their price objective on shares of Occidental Petroleum from $44.00 to $45.00 in a report on Tuesday, January 27th. Mizuho upped their target price on shares of Occidental Petroleum from $60.00 to $64.00 and gave the stock an “outperform” rating in a report on Tuesday, November 11th. Finally, Susquehanna raised their price target on shares of Occidental Petroleum from $51.00 to $60.00 and gave the company a “positive” rating in a research report on Friday. Seven analysts have rated the stock with a Buy rating, ten have issued a Hold rating and six have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $49.95.

Occidental Petroleum Price Performance

Shares of OXY stock traded up $0.66 on Monday, hitting $52.50. 7,578,623 shares of the company’s stock were exchanged, compared to its average volume of 12,381,706. The stock has a market cap of $51.78 billion, a P/E ratio of 32.59 and a beta of 0.41. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.94 and a quick ratio of 0.74. The company has a 50 day moving average of $43.48 and a 200 day moving average of $43.64. Occidental Petroleum has a 12 month low of $34.78 and a 12 month high of $53.33.

Occidental Petroleum (NYSE:OXY) last announced its quarterly earnings results on Wednesday, February 18th. The oil and gas producer reported $0.31 EPS for the quarter, beating analysts’ consensus estimates 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 period in the prior year, the company earned $0.80 EPS. Occidental Petroleum’s revenue was down 5.2% compared to the same quarter last year. On average, equities research analysts predict that Occidental Petroleum will post 3.58 EPS for the current year.

Insider Activity at Occidental Petroleum

In other Occidental Petroleum news, Director William R. Klesse acquired 5,000 shares of the business’s stock in a transaction dated Tuesday, December 16th. The stock was bought at an average price of $38.98 per share, with a total value of $194,900.00. Following the completion of the acquisition, the director 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 purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.49% of the company’s stock.

Institutional Investors Weigh In On Occidental Petroleum

A number of hedge funds have recently made changes to their positions in the business. Tevis Investment Management bought a new stake in Occidental Petroleum in the second quarter worth $356,000. Swedbank AB purchased a new position in shares of Occidental Petroleum in the 3rd quarter worth $35,517,000. Gifford Fong Associates increased its position in Occidental Petroleum by 41.2% during the third quarter. Gifford Fong Associates now owns 171,429 shares of the oil and gas producer’s stock valued at $8,100,000 after acquiring an additional 50,000 shares during the last quarter. Rakuten Investment Management Inc. bought a new stake in shares of Occidental Petroleum during the 3rd quarter valued at about $1,072,000. Finally, Freestone Capital Holdings LLC increased its position in shares of Occidental Petroleum by 521.0% during the 2nd quarter. Freestone Capital Holdings LLC now owns 46,707 shares of the oil and gas producer’s stock valued at $1,962,000 after purchasing an additional 39,186 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: Q4 report and market reaction — OXY’s Q4 2025 results (EPS beat) sparked a strong rally the week after the release as investors reacted to the profit beat despite revenue softness. This is the primary catalyst behind recent upward price momentum. Occidental Petroleum (OXY) Gains Following Q4 2025 Report
• Positive Sentiment: Multiple price-target upgrades — Several outlets published analyst price-target raises (to $45, $47, $49, $59 and $60), signaling improving analyst sentiment and supporting the stock’s upside. Each raise reinforces the narrative of better-than-feared fundamentals. Occidental Petroleum (NYSE:OXY) Price Target Raised to $45.00 Occidental Petroleum (NYSE:OXY) Price Target Raised to $47.00 Occidental Petroleum (NYSE:OXY) Price Target Raised to $49.00 Occidental Petroleum (NYSE:OXY) Price Target Raised to $59.00 Occidental Petroleum (NYSE:OXY) Price Target Raised to $60.00
• Positive Sentiment: Earnings-call highlights — Management emphasized cash generation, cost cuts and growth initiatives on the Q4 call, which supports expectations for stronger free cash flow and capacity to fund returns (dividends/share repurchases). That narrative helped lift investor confidence. Occidental Petroleum Earnings Call Highlights Cash, Cuts, Growth
• Neutral Sentiment: Increased investor attention — OXY is drawing heightened user and media interest, which can amplify moves but doesn’t by itself change fundamentals; watch flows and volume for durability of the rally. Occidental Petroleum Corporation (OXY) is Attracting Investor Attention: Here is What You Should Know
• Neutral Sentiment: Analyst nuance — TD Cowen notes improving fundamentals but flags valuation and a “Berkshire dividend overhang” (potential pressure related to dividends/ownership dynamics). This is a caution that could limit multiple expansion. Occidental Petroleum: Strengthening Fundamentals but Fairly Valued Amid Berkshire Dividend Overhang

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.