Occidental Petroleum (NYSE:OXY) Price Target Raised to $49.00

Occidental Petroleum (NYSE:OXY) had its target price raised by UBS Group from $43.00 to $49.00 in a research note released on Friday,Benzinga reports. UBS Group currently has a neutral rating on the oil and gas producer’s stock.

Several other analysts have also recently commented on OXY. Wells Fargo & Company decreased their target price on Occidental Petroleum from $42.00 to $40.00 and set an “underweight” rating on the stock in a report on Wednesday, November 12th. Barclays began coverage on shares of Occidental Petroleum in a research report on Wednesday, January 21st. They set an “equal weight” rating on the stock. Susquehanna raised their price objective on shares of Occidental Petroleum from $51.00 to $60.00 and gave the company a “positive” rating in a research report on Friday. TD Cowen upgraded shares of Occidental Petroleum to a “hold” rating in a research report on Monday, February 9th. Finally, Zacks Research cut shares of Occidental Petroleum from a “hold” rating to a “strong sell” rating in a research note on Monday, January 26th. Seven equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and six have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $49.05.

Occidental Petroleum Stock Performance

NYSE 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 50 day moving average of $43.48 and a 200-day moving average of $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. The firm has a market cap of $51.15 billion, a price-to-earnings ratio of 32.22 and a beta of 0.41.

Occidental Petroleum (NYSE:OXY) last announced 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 return on equity of 9.89% and a net margin of 9.14%.The business had revenue of $5.11 billion for the quarter, compared to the consensus estimate of $6.02 billion. During the same period in the previous year, the business earned $0.80 EPS. Occidental Petroleum’s revenue was down 5.2% compared to the same quarter last year. On average, equities analysts forecast that Occidental Petroleum will post 3.58 earnings per share for the current fiscal year.

Occidental Petroleum Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 10th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Tuesday, March 10th. This is an increase from Occidental Petroleum’s previous quarterly dividend of $0.24. Occidental Petroleum’s dividend payout ratio is presently 59.63%.

Insider Buying and Selling at Occidental Petroleum

In other news, Director William R. Klesse acquired 5,000 shares of Occidental Petroleum stock in a transaction that occurred on Tuesday, December 16th. The shares were acquired at an average price of $38.98 per share, with a total value of $194,900.00. Following the purchase, the director directly owned 218,913 shares of the company’s stock, valued at $8,533,228.74. The trade was a 2.34% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.49% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Occidental Petroleum

Several hedge funds have recently bought and sold shares of the company. University of Texas Texas AM Investment Management Co. acquired a new position in shares of Occidental Petroleum in the 2nd quarter valued at $27,000. City Holding Co. lifted its holdings in Occidental Petroleum by 250.0% during the third quarter. City Holding Co. now owns 700 shares of the oil and gas producer’s stock worth $33,000 after acquiring an additional 500 shares in the last quarter. Caitlin John LLC acquired a new position in Occidental Petroleum in the fourth quarter valued at about $29,000. Activest Wealth Management increased 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 worth $31,000 after acquiring an additional 305 shares in the last quarter. Finally, Binnacle Investments Inc acquired a new stake in shares of Occidental Petroleum during the third quarter worth about $35,000. 88.70% of the stock is currently owned by institutional investors and hedge funds.

Key Occidental Petroleum News

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.