Occidental Petroleum (NYSE:OXY) Hits New 1-Year High on Analyst Upgrade

Shares of Occidental Petroleum Corporation (NYSE:OXY) reached a new 52-week high during trading on Monday after BMO Capital Markets raised their price target on the stock from $48.00 to $60.00. BMO Capital Markets currently has a market perform rating on the stock. Occidental Petroleum traded as high as $53.33 and last traded at $53.0020, with a volume of 2556707 shares trading hands. The stock had previously closed at $51.84.

A number of other analysts also recently issued reports on OXY. JPMorgan Chase & Co. boosted their price objective on shares of Occidental Petroleum from $42.00 to $49.00 and gave the company an “underweight” rating in a report on Friday, February 20th. TD Cowen upgraded Occidental Petroleum to a “hold” rating in a research note on Monday, February 9th. Barclays increased their price target on Occidental Petroleum from $50.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Monday. Roth Mkm lifted their price objective on Occidental Petroleum from $39.00 to $45.00 and gave the company a “neutral” rating in a report on Friday, February 20th. Finally, UBS Group increased their target price on Occidental Petroleum from $43.00 to $49.00 and gave the stock a “neutral” rating in a report on Friday, February 20th. 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 MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $49.95.

Insider Buying and Selling at Occidental Petroleum

In other Occidental Petroleum 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 cost of $38.98 per share, with a total value of $194,900.00. Following the completion of the purchase, the director directly owned 218,913 shares of the company’s stock, valued at $8,533,228.74. This represents a 2.34% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.49% of the stock is currently owned by corporate insiders.

More Occidental Petroleum News

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

• Positive Sentiment: OXY reported improved Q4/2025 results, boosted its quarterly dividend by ~8% to $0.26 and is executing debt reduction (including actions tied to the OxyChem sale), which supports cash return and balance‑sheet improvement. Article Title
• Positive Sentiment: Multiple analysts lifted price targets this week (examples: Barclays to $55 and BMO Capital Markets raised its PT to $60), reflecting higher earnings expectations and providing upside support. Article Title
• Neutral Sentiment: CEO Vicki Hollub said the industry needs ~$70/barrel crude to grow production — a macro view that highlights sensitivity of OXY’s future growth to sustained higher oil prices. Article Title
• Neutral Sentiment: OXY has attracted increased investor attention and web‑traffic (Zacks/Yahoo summaries), which can amplify moves but does not by itself change fundamentals. Article Title
• Neutral Sentiment: Sector moves (e.g., gains at midstream player Kinetik) show broader energy interest that can spill into E&P names like OXY but are not company‑specific. Article Title
• Negative Sentiment: BMO Capital reaffirmed a “hold” (market perform) rating even as targets moved, and some analysts flag a “Berkshire dividend overhang,” which could limit near‑term upside or create selling pressure when large shareholders act. Article Title
• Negative Sentiment: Analyst commentary (e.g., TD Cowen) suggests OXY’s fundamentals are improving but that the shares may be fairly valued now, which can cap further upside absent stronger oil prices or clearer earnings acceleration. Article Title

Institutional Investors Weigh In On Occidental Petroleum

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in 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 valued at $3,718,054,000 after buying an additional 8,273,030 shares in the last quarter. Geode Capital Management LLC lifted its stake 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 during the last quarter. Dimensional Fund Advisors LP grew its position in Occidental Petroleum by 21.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 10,602,660 shares of the oil and gas producer’s stock worth $436,008,000 after acquiring an additional 1,883,721 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Occidental Petroleum by 54.3% in the 4th 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 in the last quarter. Finally, Wellington Management Group LLP increased its holdings in Occidental Petroleum by 1,029.9% in the 3rd quarter. Wellington Management Group LLP now owns 1,493,747 shares of the oil and gas producer’s stock worth $70,580,000 after purchasing an additional 1,361,541 shares in the last quarter. 88.70% of the stock is owned by institutional investors.

Occidental Petroleum Stock Down 0.9%

The stock has a market capitalization of $51.25 billion, a P/E ratio of 32.27 and a beta of 0.41. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.94 and a quick ratio of 0.74. The firm has a 50-day simple moving average of $43.98 and a 200 day simple moving average of $43.76.

Occidental Petroleum (NYSE:OXY) last issued its quarterly earnings data on Wednesday, February 18th. The oil and gas producer reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.13. Occidental Petroleum had a net margin of 9.14% and a return on equity of 9.89%. The business had revenue of $5.11 billion during the quarter, compared to analyst estimates of $6.02 billion. During the same quarter last year, the business earned $0.80 EPS. The firm’s quarterly revenue was down 5.2% on a year-over-year basis. On average, equities research analysts forecast that Occidental Petroleum Corporation will post 3.58 EPS for the current year.

Occidental Petroleum Increases Dividend

The firm also recently declared 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 represents a $1.04 dividend on an annualized basis and a dividend yield of 2.0%. This is a boost from Occidental Petroleum’s previous quarterly dividend of $0.24. The ex-dividend date is Tuesday, March 10th. Occidental Petroleum’s dividend payout ratio (DPR) is presently 59.63%.

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.