Occidental Petroleum (NYSE:OXY) Price Target Raised to $47.00

Occidental Petroleum (NYSE:OXY) had its target price lifted by Wells Fargo & Company from $40.00 to $47.00 in a report issued on Friday morning,Benzinga reports. The firm currently has an underweight rating on the oil and gas producer’s stock.

OXY has been the subject of a number of other reports. Susquehanna raised their price objective on Occidental Petroleum from $51.00 to $60.00 and gave the stock a “positive” rating in a research report on Friday. BMO Capital Markets lowered their price target on shares of Occidental Petroleum from $50.00 to $48.00 and set a “market perform” rating for the company in a report on Monday, January 12th. Citigroup reduced their price objective on shares of Occidental Petroleum from $49.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 19th. HSBC decreased their price objective on shares of Occidental Petroleum from $55.00 to $54.00 and set a “buy” rating for the company in a research report on Wednesday, November 12th. Finally, Raymond James Financial restated an “outperform” rating and issued a $50.00 target price on shares of Occidental Petroleum in a report on Tuesday, November 25th. Seven research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and six have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $49.05.

Occidental Petroleum Price Performance

Shares of NYSE:OXY opened at $51.87 on Friday. The firm has a market cap of $51.15 billion, a PE ratio of 32.22 and a beta of 0.41. Occidental Petroleum has a 52 week low of $34.78 and a 52 week high of $52.22. The firm’s fifty day moving average is $43.48 and its 200-day moving average is $43.64. 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 announced its earnings results on Wednesday, February 18th. The oil and gas producer reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.13. Occidental Petroleum had a return on equity of 9.89% and a net margin of 9.14%.The business had revenue of $5.11 billion during the quarter, compared to analyst estimates of $6.02 billion. During the same period last year, the company earned $0.80 EPS. Occidental Petroleum’s revenue for the quarter was down 5.2% compared to the same quarter last year. Sell-side analysts predict that Occidental Petroleum will post 3.58 earnings per share for the current year.

Occidental Petroleum Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders 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. This represents a $1.04 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Tuesday, March 10th. Occidental Petroleum’s dividend payout ratio is presently 59.63%.

Insider Buying and Selling at Occidental Petroleum

In other news, Director William R. Klesse bought 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 16th. The shares were bought at an average cost of $38.98 per share, for a total transaction of $194,900.00. Following the acquisition, the director directly owned 218,913 shares in the company, 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.49% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. University of Texas Texas AM Investment Management Co. bought a new position in shares of Occidental Petroleum in the second quarter valued at $27,000. 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 in the last quarter. Caitlin John LLC purchased a new stake in shares of Occidental Petroleum in the fourth quarter worth approximately $29,000. Activest Wealth Management lifted its holdings 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 valued at $31,000 after purchasing an additional 305 shares in the last quarter. Finally, Binnacle Investments Inc purchased a new position in shares of Occidental Petroleum during the third quarter valued at approximately $35,000. Institutional investors and hedge funds 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: 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

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.