Occidental Petroleum (NYSE:OXY) Price Target Raised to $45.00

Occidental Petroleum (NYSE:OXY) had its price target raised by Roth Mkm from $39.00 to $45.00 in a research report sent to investors on Friday,MarketScreener reports. Roth Mkm currently has a neutral rating on the oil and gas producer’s stock.

A number of other analysts have also commented on the company. Piper Sandler lifted their price target on Occidental Petroleum from $46.00 to $47.00 and gave the stock a “neutral” rating in a report on Wednesday, January 28th. Bank of America lifted their target price on Occidental Petroleum from $44.00 to $45.00 in a research note on Tuesday, January 27th. Wells Fargo & Company raised their price objective on shares of Occidental Petroleum from $40.00 to $47.00 and gave the stock an “underweight” rating in a report on Friday. Scotiabank reduced their target price on shares of Occidental Petroleum from $47.00 to $46.00 and set a “sector perform” rating for the company in a research report on Friday, January 16th. Finally, Morgan Stanley lowered their price target on shares of Occidental Petroleum from $51.00 to $50.00 and set an “overweight” rating on the stock in a report on Friday, January 23rd. Seven equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and six have assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $49.05.

Occidental Petroleum Stock Performance

OXY opened at $51.87 on Friday. Occidental Petroleum has a 1-year low of $34.78 and a 1-year high of $52.22. The company has a market cap of $51.15 billion, a price-to-earnings ratio of 32.22 and a beta of 0.41. The company’s fifty day moving average price is $43.48 and its two-hundred day moving average price is $43.64. The company has a current ratio of 0.94, a quick ratio of 0.74 and a debt-to-equity ratio of 0.73.

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

Occidental Petroleum Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 10th will be issued a dividend of $0.26 per share. This is a positive change from Occidental Petroleum’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $1.04 dividend on an annualized basis and a yield of 2.0%. Occidental Petroleum’s payout ratio is currently 59.63%.

Insiders Place Their Bets

In other news, Director William R. Klesse purchased 5,000 shares of the stock in a transaction dated Tuesday, December 16th. The shares were 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 owned 218,913 shares in the company, valued at $8,533,228.74. This represents a 2.34% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.49% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of OXY. Vanguard Group Inc. raised its position in shares of Occidental Petroleum by 10.3% in the second quarter. Vanguard Group Inc. now owns 88,504,019 shares of the oil and gas producer’s stock worth $3,718,054,000 after buying an additional 8,273,030 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Occidental Petroleum by 22.0% in the 2nd quarter. Geode Capital Management LLC now owns 18,089,878 shares of the oil and gas producer’s stock valued at $756,796,000 after acquiring an additional 3,267,269 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Occidental Petroleum by 21.6% during the fourth 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. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Occidental Petroleum by 54.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,959,638 shares of the oil and gas producer’s stock worth $162,820,000 after purchasing an additional 1,393,638 shares during the last quarter. Finally, Wellington Management Group LLP lifted its position in Occidental Petroleum by 1,029.9% during the third quarter. Wellington Management Group LLP now owns 1,493,747 shares of the oil and gas producer’s stock valued at $70,580,000 after purchasing an additional 1,361,541 shares during the last quarter. 88.70% of the stock is owned by institutional investors.

Key Stories Impacting Occidental Petroleum

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

• Positive Sentiment: Board raised the quarterly dividend ~8.3% to $0.26/share (ex-div March 10, payable April 15), which supports income-minded investors and helped lift the stock. Dividend Hike Coverage
• Positive Sentiment: Q4 earnings beat consensus (adjusted EPS $0.31 vs. ~ $0.18–$0.19 est.), with production above guidance and operating cash flow strength; management highlighted ~$5.8B of debt reduction since mid-December after the OxyChem sale — a clear de-leveraging catalyst. Reuters: Q4 Results
• Positive Sentiment: Company launched cash tender offers and consent solicitations to repurchase certain senior notes — active liability management that reduces headline leverage risk. Tender Offers Release
• Neutral Sentiment: Management outlined a lower 2026 capex outlook (~$5.7B), implying improved free cash flow if commodity prices cooperate — a potential long-term positive but dependent on oil markets. QuiverQuant: Guidance & Capex
• Neutral Sentiment: Unusual options activity — a large uptick in call buying — signals heightened speculative interest and short‑term bullish positioning but is not a fundamental guarantee. (Market data)
• Negative Sentiment: Revenue and total sales missed expectations (Q4 revenue below consensus) and year-over-year revenue declined, which tempers the EPS beat and points to margin/price headwinds. Zacks: Revenue Miss
• Negative Sentiment: Analyst views remain mixed — some firms raised price targets but several targets and the median remain below current levels, and at least one shop (Wells Fargo) kept an underweight stance despite bumping its target, adding near-term valuation uncertainty. Benzinga: Analyst Notes

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.