Occidental Petroleum (NYSE:OXY) Upgraded at Zacks Research

Occidental Petroleum (NYSE:OXY) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

OXY has been the subject of a number of other reports. Wall Street Zen raised shares of Occidental Petroleum from a “sell” rating to a “hold” rating in a research note on Saturday. Citigroup cut their target price on 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 raised Occidental Petroleum to a “hold” rating in a research note on Friday, February 27th. UBS Group boosted their price objective on Occidental Petroleum from $43.00 to $49.00 and gave the stock a “neutral” rating in a research note on Friday, February 20th. Finally, Wells Fargo & Company upped their price objective on Occidental Petroleum from $40.00 to $47.00 and gave the company an “underweight” rating in a report on Friday, February 20th. Seven analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat.com, Occidental Petroleum has an average rating of “Hold” and a consensus price target of $50.62.

Occidental Petroleum Trading Down 1.0%

Shares of OXY stock opened at $53.65 on Monday. Occidental Petroleum has a 1 year low of $34.78 and a 1 year high of $56.34. The firm has a market capitalization of $52.91 billion, a PE ratio of 33.32 and a beta of 0.34. The stock has a fifty day moving average of $45.24 and a two-hundred day moving average of $44.05. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.74 and a current ratio of 0.94.

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

Insider Activity

In related news, Director William R. Klesse bought 5,000 shares of the business’s stock in a transaction dated Tuesday, December 16th. The shares were bought at an average cost of $38.98 per share, with a total value of $194,900.00. Following the completion of the transaction, the director directly 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.49% of the stock is owned by insiders.

Hedge Funds Weigh In On Occidental Petroleum

A number of institutional investors have recently bought and sold shares of OXY. Vanguard Group Inc. boosted its holdings in shares of Occidental Petroleum by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 89,900,677 shares of the oil and gas producer’s stock worth $3,696,716,000 after buying an additional 699,137 shares during the period. State Street Corp lifted its position in shares of Occidental Petroleum by 2.1% in the 4th quarter. State Street Corp now owns 39,539,743 shares of the oil and gas producer’s stock valued at $1,635,263,000 after acquiring an additional 828,848 shares in the last quarter. Geode Capital Management LLC boosted its stake in Occidental Petroleum by 0.9% in 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 period. Dimensional Fund Advisors LP grew its position in Occidental Petroleum by 21.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 10,602,660 shares of the oil and gas producer’s stock worth $436,008,000 after purchasing an additional 1,883,721 shares in the last quarter. Finally, Invesco Ltd. raised its stake in Occidental Petroleum by 18.9% during the 4th quarter. Invesco Ltd. now owns 6,730,847 shares of the oil and gas producer’s stock valued at $276,772,000 after purchasing an additional 1,071,948 shares during the period. Hedge funds and other institutional investors own 88.70% of the company’s stock.

Trending Headlines about Occidental Petroleum

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

• Positive Sentiment: 1PointFive’s STRATOS direct air capture (DAC) plant in the Permian is nearing startup in Q2 2026, advancing Occidental’s carbon-capture growth pathway and potential non-oil revenue. Occidental Petroleum, 1PointFive STRATOS DAC plant nears startup in Texas Permian basin
• Positive Sentiment: Berkshire Hathaway’s growing stake and the company’s push to balance debt reduction, buybacks and carbon-capture investments support confidence from a large, long‑term investor. Occidental Balances Debt Buybacks Carbon Capture Plans And Berkshire’s Growing Stake
• Positive Sentiment: Analyst interest: Argus recently upgraded OXY, which can provide near-term buy-side support. Occidental Petroleum (NYSE:OXY) Upgraded at Argus
• Neutral Sentiment: Macro oil risk remains elevated—analysts warn a Strait of Hormuz disruption could push crude toward $100/bbl, a tail-risk that underpins oil equities but is highly uncertain in timing. Oil’s Worst Case Scenario Is Here. $100 Crude Could Be Coming.
• Neutral Sentiment: Market dispersion among majors: some energy names outperformed after the Iran conflict while others (like Exxon in recent headlines) underperformed—this mixed reaction creates stock-specific winners and losers. Exxon Is Down Since the Iran Conflict. These Energy Stocks Are Bigger Winners.
• Negative Sentiment: Some analysts argue OXY’s recent ~30% rally leaves less upside and prefer peers; Seeking Alpha published a downgrade and notes the easy returns may be gone, which can prompt profit-taking. Occidental Petroleum: Strong Execution, But The Easy Upside Is Gone (Rating Downgrade)
• Negative Sentiment: Relative preference for other midstream names: at least one analyst favors Kinder Morgan over OXY amid oil-price volatility, highlighting perceived lower risk or better risk/reward elsewhere. I Favor Kinder Morgan Over Occidental Petroleum Amid Oil Price Volatilities
• Negative Sentiment: Valuation scrutiny after the rally: coverage noting that the oil-price-driven lift may have pushed OXY toward richer multiples has increased selling pressure and intraday volatility. Occidental Petroleum (OXY) Valuation Check As Oil Price Rally Lifts Shares On Strait Of Hormuz Supply Fears

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.