Occidental Petroleum (NYSE:OXY) Price Target Raised to $59.00

Occidental Petroleum (NYSE:OXY) had its target price lifted by HSBC from $54.00 to $59.00 in a research note published on Friday morning,MarketScreener reports. HSBC currently has a buy rating on the oil and gas producer’s stock.

Other equities research analysts have also recently issued research reports about the stock. Wolfe Research lowered their price target on shares of Occidental Petroleum from $55.00 to $54.00 and set an “outperform” rating for the company in a research report on Wednesday, January 21st. UBS Group lifted their target price on shares of Occidental Petroleum from $43.00 to $49.00 and gave the stock a “neutral” rating in a report on Friday. Bank of America increased their price target on Occidental Petroleum from $44.00 to $45.00 in a research note on Tuesday, January 27th. Piper Sandler lifted their price objective on Occidental Petroleum from $46.00 to $47.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 28th. Finally, JPMorgan Chase & Co. dropped their price objective on Occidental Petroleum from $44.00 to $42.00 and set an “underweight” rating for the company in a report on Tuesday, January 20th. Seven analysts have rated the stock with a Buy rating, ten have given a Hold rating and six have assigned a Sell rating to the stock. Based on data from MarketBeat, Occidental Petroleum currently has a consensus rating of “Hold” and an average price target of $49.05.

Occidental Petroleum Trading Up 0.7%

Shares of OXY opened at $51.87 on Friday. The company has a quick ratio of 0.74, a current ratio of 0.94 and a debt-to-equity ratio of 0.73. Occidental Petroleum has a 12-month low of $34.78 and a 12-month high of $52.22. The firm has a market capitalization of $51.15 billion, a PE ratio of 32.22 and a beta of 0.41. The stock’s fifty day simple moving average is $43.48 and its 200-day simple moving average is $43.64.

Occidental Petroleum (NYSE:OXY) last announced its quarterly earnings data on Wednesday, February 18th. The oil and gas producer reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.13. Occidental Petroleum had a return on equity of 9.89% and a net margin of 9.14%.The firm 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 earnings per share. The company’s revenue was down 5.2% on a year-over-year basis. As a group, research analysts predict that Occidental Petroleum will post 3.58 earnings per share for the current year.

Occidental Petroleum Increases Dividend

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

Insider Buying and Selling at Occidental Petroleum

In other news, Director William R. Klesse bought 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 16th. The stock was acquired at an average cost of $38.98 per share, with a total value of $194,900.00. Following the completion of the purchase, the director owned 218,913 shares of the company’s stock, valued at $8,533,228.74. This represents a 2.34% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.49% of the company’s stock.

Institutional Trading of Occidental Petroleum

A number of large investors have recently added to or reduced their stakes in OXY. Woodline Partners LP increased its position in Occidental Petroleum by 40.7% during the first quarter. Woodline Partners LP now owns 57,079 shares of the oil and gas producer’s stock worth $2,817,000 after buying an additional 16,506 shares during the last quarter. Stephens Inc. AR boosted its stake in shares of Occidental Petroleum by 60.0% during the 2nd quarter. Stephens Inc. AR now owns 18,455 shares of the oil and gas producer’s stock worth $775,000 after acquiring an additional 6,920 shares during the period. Brookstone Capital Management increased its holdings in shares of Occidental Petroleum by 34.0% during the 2nd quarter. Brookstone Capital Management now owns 16,968 shares of the oil and gas producer’s stock worth $713,000 after acquiring an additional 4,301 shares during the last quarter. Ethic Inc. raised its stake in Occidental Petroleum by 49.4% in the 2nd quarter. Ethic Inc. now owns 18,380 shares of the oil and gas producer’s stock valued at $783,000 after acquiring an additional 6,078 shares during the period. Finally, Bleakley Financial Group LLC acquired a new stake in Occidental Petroleum during the 2nd quarter valued at $599,000. Institutional investors and hedge funds own 88.70% of the company’s stock.

Key Headlines 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.