Piper Sandler Forecasts Strong Price Appreciation for Occidental Petroleum (NYSE:OXY) Stock

Occidental Petroleum (NYSE:OXY) had its price target raised by investment analysts at Piper Sandler from $47.00 to $54.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the oil and gas producer’s stock. Piper Sandler’s price target points to a potential downside of 0.18% from the stock’s current price.

Several other equities analysts have also weighed in on the company. Susquehanna lifted their price target on Occidental Petroleum from $51.00 to $60.00 and gave the company a “positive” rating in a research note on Friday, February 20th. JPMorgan Chase & Co. upped their price objective on shares of Occidental Petroleum from $42.00 to $49.00 and gave the stock an “underweight” rating in a research report on Friday, February 20th. Wells Fargo & Company lifted their target price on shares of Occidental Petroleum from $40.00 to $47.00 and gave the company an “underweight” rating in a research report on Friday, February 20th. Wolfe Research reduced their price target on shares of Occidental Petroleum from $55.00 to $54.00 and set an “outperform” rating for the company in a research report on Wednesday, January 21st. Finally, Mizuho raised their price objective on Occidental Petroleum from $60.00 to $64.00 and gave the company an “outperform” rating in a report on Tuesday, November 11th. Seven investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Occidental Petroleum has a consensus rating of “Hold” and a consensus target price of $51.24.

Occidental Petroleum Stock Performance

Shares of OXY stock traded up $0.49 on Thursday, hitting $54.10. The company had a trading volume of 7,288,245 shares, compared to its average volume of 13,054,960. The firm has a market cap of $53.36 billion, a P/E ratio of 33.60 and a beta of 0.34. Occidental Petroleum has a twelve month low of $34.78 and a twelve month high of $56.34. The company has a 50-day moving average price of $45.51 and a 200-day moving average price of $44.12. The company has a quick ratio of 0.74, a current ratio of 0.94 and a debt-to-equity ratio of 0.73.

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

Insider Activity at Occidental Petroleum

In other Occidental Petroleum news, Director William R. Klesse acquired 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 16th. The stock was purchased at an average price of $38.98 per share, for a total transaction of $194,900.00. Following the completion of the acquisition, the director owned 218,913 shares of the company’s stock, valued at approximately $8,533,228.74. This trade represents a 2.34% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.31% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Caitlin John LLC purchased a new position in Occidental Petroleum during the 4th quarter worth approximately $29,000. Activest Wealth Management lifted its stake in shares of Occidental Petroleum by 68.5% in the fourth quarter. Activest Wealth Management now owns 750 shares of the oil and gas producer’s stock worth $31,000 after acquiring an additional 305 shares in the last quarter. Rossby Financial LCC grew its stake in Occidental Petroleum by 155.0% during the 4th quarter. Rossby Financial LCC now owns 765 shares of the oil and gas producer’s stock valued at $31,000 after purchasing an additional 465 shares in the last quarter. City Holding Co. increased its holdings in Occidental Petroleum by 250.0% during the 3rd quarter. City Holding Co. now owns 700 shares of the oil and gas producer’s stock worth $33,000 after purchasing an additional 500 shares during the last quarter. Finally, Binnacle Investments Inc acquired a new position in shares of Occidental Petroleum in the 3rd quarter valued at approximately $35,000. 88.70% of the stock is owned by institutional investors and hedge funds.

Key Occidental Petroleum News

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

• Positive Sentiment: Occidental increased the maximum aggregate principal it will repurchase in ongoing cash tender offers from $700M to $1.2B — a meaningful step toward lowering debt and interest expense and improving the maturity profile. This is a direct balance‑sheet positive. Read More.
• Positive Sentiment: MarketBeat highlights Occidental’s strategic reset (sale of OxyChem) and Warren Buffett’s 29% stake as de‑risking factors that magnify upside during an oil price rally — supporting sentiment and buy‑side conviction. Read More.
• Positive Sentiment: Coverage and sentiment momentum: Zacks moved OXY from “strong sell” to “hold,” and several articles note retail and institutional (Berkshire) confidence — incremental catalysts for investor demand. Read More.
• Positive Sentiment: Short‑term price action has pushed shares to multi‑year highs amid the oil rally, reinforcing momentum investors’ interest. Read More.
• Neutral Sentiment: UBS raised its price target to $55 (from $49) but kept a “neutral” rating — modestly supportive but not a bullish upgrade. Read More.
• Neutral Sentiment: Coverage pieces note Occidental refocusing on oil & gas after the OxyChem sale; valuation is being reshaped but execution and reinvestment choices will determine long‑term impact. Read More.
• Neutral Sentiment: Operational developments include seeking a partner for a U.S. Gulf find and 1PointFive’s STRATOS DAC plant nearing startup — potential medium‑term value drivers but with execution risk. Read More. Read More.
• Negative Sentiment: Geopolitical headlines (report of Iranian contacts) have previously knocked back gains in majors, highlighting ongoing volatility risk that could reverse short‑term strength. Read More.
• Negative Sentiment: Some analyst commentary flags OXY’s underperformance versus peers over the past year, keeping portions of Wall Street cautious despite recent momentum. Read More.

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.