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

Shares of Occidental Petroleum Corporation (NYSE:OXY) have received an average rating of “Hold” from the twenty-four analysts that are covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a sell recommendation, thirteen have issued a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $51.8571.

Several research analysts have recently weighed in on the company. Scotiabank cut their price target on Occidental Petroleum from $47.00 to $46.00 and set a “sector perform” rating for the company in a research note on Friday, January 16th. Zacks Research upgraded Occidental Petroleum from a “strong sell” rating to a “hold” rating in a research note on Monday, March 2nd. Citigroup cut their target price on shares of Occidental Petroleum from $49.00 to $45.00 and set a “neutral” rating for the company in a research report on Wednesday, November 19th. Argus upgraded shares of Occidental Petroleum to a “hold” rating in a research note on Friday, February 27th. Finally, UBS Group boosted their price target on shares of Occidental Petroleum from $49.00 to $55.00 and gave the company a “neutral” rating in a research report on Thursday, March 5th.

Occidental Petroleum News Summary

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

• Positive Sentiment: Occidental disclosed a US$1.20 billion debt tender and proposed covenant changes — moves that can reduce near‑term refinancing risk and improve balance‑sheet flexibility, helping credit-sensitive investors. Should Occidental’s US$1.20 Billion Debt Tender and Covenant Changes Require Action From OXY Investors?
• Positive Sentiment: Short interest fell meaningfully in February (down ~12.6% to ~28.8M shares), reducing one source of downside pressure and the risk of short-squeeze volatility. This supports a firmer near-term technical setup. (data item)
• Positive Sentiment: Options activity shows elevated call volume and bullish directional flows, indicating trader interest in upside exposure ahead of catalysts (earnings/guidance/debt actions). Occidental Petroleum call volume above normal and directionally bullish
• Neutral Sentiment: Goldman Sachs raised its price target from $41 to $54 but kept a “sell” rating — the target lift narrows downside but the sell stance signals continued caution from that shop. Benzinga
• Neutral Sentiment: Street research and fair‑value estimates are moving into the mid‑to‑high $50s as analysts reprice 2026 guidance and oil assumptions; this clusters expectations closer to current levels and may limit large rating surprises. How The Occidental Petroleum (OXY) Narrative Is Shifting With New Targets And 2026 Guidance
• Neutral Sentiment: Recent quarterly results showed an EPS beat but a revenue miss and mixed margins — fundamentals support the dividend and buyback story but leave growth sensitivity tied to oil prices. (company filings)
• Negative Sentiment: President Trump said he would tap the Strategic Petroleum Reserve to lower energy costs amid the Iran war — a reserve release would put downward pressure on crude and weigh on oil-weighted names like OXY. Iran war: Trump says he’ll tap Strategic Petroleum Reserve to cut energy costs
• Negative Sentiment: Geopolitical headlines — notably Iran’s appointment of a harder-line new supreme leader — are keeping oil-price volatility high; while this can lift prices at times, persistent uncertainty fuels swings that can hurt OXY’s trading performance. Five things to know about Iran’s new supreme leader, Mojtaba Khamenei
• Negative Sentiment: Analyst pieces arguing the “war premium” is fading and that Exxon may be a better play suggest some rotation within large-cap oil names; sector commentary like this can cap OXY’s re-rating if capital flows shift elsewhere. The War Premium Is Fading: Why I Favor Exxon Mobil Over Occidental Petroleum
• Negative Sentiment: Coverage noting a sharp crude pullback earlier this week explains prior single‑day OXY weakness — oil whiplash is the main short-term risk for the stock. Occidental Petroleum falls 3.1% as oil prices reverse lower amid Middle East-driven volatility

Insider Activity at Occidental Petroleum

In related news, Director William R. Klesse purchased 5,000 shares of the business’s stock in a transaction dated Tuesday, December 16th. The stock was 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 of the company’s stock, valued at approximately $8,533,228.74. The trade was a 2.34% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 0.31% of the stock is owned by insiders.

Institutional Trading of Occidental Petroleum

Institutional investors have recently added to or reduced their stakes in the stock. Carrera Capital Advisors grew its holdings in Occidental Petroleum by 0.5% during the 4th quarter. Carrera Capital Advisors now owns 44,279 shares of the oil and gas producer’s stock valued at $1,831,000 after buying an additional 227 shares in the last quarter. Moody National Bank Trust Division boosted its position in shares of Occidental Petroleum by 1.5% in the third quarter. Moody National Bank Trust Division now owns 15,555 shares of the oil and gas producer’s stock valued at $735,000 after acquiring an additional 229 shares during the period. Summit Securities Group LLC boosted its position in shares of Occidental Petroleum by 18.5% in the fourth quarter. Summit Securities Group LLC now owns 1,469 shares of the oil and gas producer’s stock valued at $60,000 after acquiring an additional 229 shares during the period. Apella Capital LLC grew its stake in Occidental Petroleum by 3.4% during the fourth quarter. Apella Capital LLC now owns 7,019 shares of the oil and gas producer’s stock valued at $289,000 after acquiring an additional 233 shares in the last quarter. Finally, Jamison Private Wealth Management Inc. increased its holdings in Occidental Petroleum by 1.8% during the 4th quarter. Jamison Private Wealth Management Inc. now owns 13,934 shares of the oil and gas producer’s stock worth $573,000 after acquiring an additional 249 shares during the period. Hedge funds and other institutional investors own 88.70% of the company’s stock.

Occidental Petroleum Trading Up 4.6%

NYSE:OXY opened at $55.55 on Monday. Occidental Petroleum has a 12 month low of $34.78 and a 12 month high of $56.34. The company has a current ratio of 0.94, a quick ratio of 0.74 and a debt-to-equity ratio of 0.73. The firm’s 50 day moving average is $46.87 and its 200 day moving average is $44.45. The stock has a market capitalization of $54.78 billion, a PE ratio of 34.50 and a beta of 0.34.

Occidental Petroleum (NYSE:OXY) last announced its quarterly earnings data on Wednesday, February 18th. The oil and gas producer reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.13. The business had revenue of $5.11 billion during the quarter, compared to analyst estimates 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 was down 5.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.80 earnings per share. Sell-side analysts expect that Occidental Petroleum will post 3.58 earnings per share for the current year.

Occidental Petroleum Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 10th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Tuesday, March 10th. This is a positive change from Occidental Petroleum’s previous quarterly dividend of $0.24. Occidental Petroleum’s payout ratio is presently 64.60%.

About Occidental Petroleum

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.