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

Occidental Petroleum (NYSE:OXY) had its price objective boosted by JPMorgan Chase & Co. from $42.00 to $49.00 in a report published on Friday morning,MarketScreener reports. The firm currently has an underweight rating on the oil and gas producer’s stock.

OXY has been the topic of several other research reports. Wells Fargo & Company lifted their target price on Occidental Petroleum from $40.00 to $47.00 and gave the company an “underweight” rating in a research note on Friday. Mizuho lifted their price objective on shares of Occidental Petroleum from $60.00 to $64.00 and gave the company an “outperform” rating in a research note on Tuesday, November 11th. Scotiabank reduced their price objective on shares of Occidental Petroleum from $47.00 to $46.00 and set a “sector perform” rating for the company in a report on Friday, January 16th. Citigroup lowered their target price 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. Finally, Zacks Research downgraded shares of Occidental Petroleum from a “hold” rating to a “strong sell” rating in a research report on Monday, January 26th. Seven research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and six have issued a Sell rating to the stock. Based on data from MarketBeat, Occidental Petroleum has a consensus rating of “Hold” and a consensus price target of $49.05.

Occidental Petroleum Trading Up 0.7%

Occidental Petroleum stock opened at $51.87 on Friday. Occidental Petroleum has a 52-week low of $34.78 and a 52-week high of $52.22. The company has a quick ratio of 0.74, a current ratio of 0.94 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $51.15 billion, a price-to-earnings ratio of 32.22 and a beta of 0.41. The firm has a 50-day moving average price of $43.48 and a two-hundred day moving average price of $43.64.

Occidental Petroleum (NYSE:OXY) last announced its quarterly earnings results on Wednesday, February 18th. The oil and gas producer reported $0.31 EPS for the quarter, beating the consensus estimate of $0.18 by $0.13. The company had revenue of $5.11 billion for the quarter, compared to analyst estimates of $6.02 billion. Occidental Petroleum had a net margin of 9.14% and a return on equity of 9.89%. Occidental Petroleum’s revenue was down 5.2% compared to the same quarter last year. During the same quarter last year, the business 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 disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 10th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Tuesday, March 10th. This is a boost from Occidental Petroleum’s previous quarterly dividend of $0.24. Occidental Petroleum’s dividend payout ratio is 59.63%.

Insiders Place Their Bets

In other Occidental Petroleum news, Director William R. Klesse bought 5,000 shares of the company’s stock in a transaction dated Tuesday, December 16th. The shares were bought at an average price of $38.98 per share, for a total transaction of $194,900.00. Following the acquisition, 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 acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.49% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Carrera Capital Advisors lifted its position in Occidental Petroleum by 0.5% in the 4th quarter. Carrera Capital Advisors now owns 44,279 shares of the oil and gas producer’s stock worth $1,831,000 after buying an additional 227 shares in the last quarter. Moody National Bank Trust Division boosted its position in Occidental Petroleum by 1.5% during 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 purchasing an additional 229 shares during the last quarter. Summit Securities Group LLC grew its stake in 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 purchasing an additional 229 shares in the last quarter. Apella Capital LLC increased its position in Occidental Petroleum by 3.4% in the 4th quarter. Apella Capital LLC now owns 7,019 shares of the oil and gas producer’s stock worth $289,000 after purchasing an additional 233 shares during the last quarter. Finally, Jamison Private Wealth Management Inc. raised its stake in shares of 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 purchasing an additional 249 shares in the last quarter. 88.70% of the stock is owned by hedge funds and other institutional investors.

More 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

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.