Occidental Petroleum (NYSE:OXY) Hits New 52-Week High After Analyst Upgrade

Occidental Petroleum Corporation (NYSE:OXY)’s stock price hit a new 52-week high during mid-day trading on Monday after Jefferies Financial Group raised their price target on the stock from $42.00 to $47.00. Jefferies Financial Group currently has a hold rating on the stock. Occidental Petroleum traded as high as $56.34 and last traded at $54.4060, with a volume of 11568819 shares changing hands. The stock had previously closed at $53.08.

Other equities analysts have also recently issued reports about the company. Barclays boosted their target price on Occidental Petroleum from $50.00 to $55.00 and gave the company an “equal weight” rating in a research note on Monday, February 23rd. HSBC boosted their price objective on shares of Occidental Petroleum from $54.00 to $59.00 and gave the company a “buy” rating in a research report on Friday, February 20th. Piper Sandler raised their target price on shares of Occidental Petroleum from $46.00 to $47.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 28th. Zacks Research lowered shares of Occidental Petroleum from a “hold” rating to a “strong sell” rating in a research note on Monday, January 26th. Finally, Mizuho increased their price target on shares of Occidental Petroleum from $60.00 to $64.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 11th. Seven investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and six have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $50.62.

Insider Buying and Selling at Occidental Petroleum

In other Occidental Petroleum news, Director William R. Klesse bought 5,000 shares of the stock in a transaction dated Tuesday, December 16th. The stock was purchased at an average cost of $38.98 per share, for a total transaction of $194,900.00. Following the completion of the acquisition, the director 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 transaction 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.

Occidental Petroleum News Summary

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

• Positive Sentiment: 1PointFive’s STRATOS direct air capture (DAC) plant in the Permian is nearing startup in Q2 2026, advancing Occidental’s carbon-capture growth pathway and potential non-oil revenue. Occidental Petroleum, 1PointFive STRATOS DAC plant nears startup in Texas Permian basin
• Positive Sentiment: Berkshire Hathaway’s growing stake and the company’s push to balance debt reduction, buybacks and carbon-capture investments support confidence from a large, long‑term investor. Occidental Balances Debt Buybacks Carbon Capture Plans And Berkshire’s Growing Stake
• Positive Sentiment: Analyst interest: Argus recently upgraded OXY, which can provide near-term buy-side support. Occidental Petroleum (NYSE:OXY) Upgraded at Argus
• Neutral Sentiment: Macro oil risk remains elevated—analysts warn a Strait of Hormuz disruption could push crude toward $100/bbl, a tail-risk that underpins oil equities but is highly uncertain in timing. Oil’s Worst Case Scenario Is Here. $100 Crude Could Be Coming.
• Neutral Sentiment: Market dispersion among majors: some energy names outperformed after the Iran conflict while others (like Exxon in recent headlines) underperformed—this mixed reaction creates stock-specific winners and losers. Exxon Is Down Since the Iran Conflict. These Energy Stocks Are Bigger Winners.
• Negative Sentiment: Some analysts argue OXY’s recent ~30% rally leaves less upside and prefer peers; Seeking Alpha published a downgrade and notes the easy returns may be gone, which can prompt profit-taking. Occidental Petroleum: Strong Execution, But The Easy Upside Is Gone (Rating Downgrade)
• Negative Sentiment: Relative preference for other midstream names: at least one analyst favors Kinder Morgan over OXY amid oil-price volatility, highlighting perceived lower risk or better risk/reward elsewhere. I Favor Kinder Morgan Over Occidental Petroleum Amid Oil Price Volatilities
• Negative Sentiment: Valuation scrutiny after the rally: coverage noting that the oil-price-driven lift may have pushed OXY toward richer multiples has increased selling pressure and intraday volatility. Occidental Petroleum (OXY) Valuation Check As Oil Price Rally Lifts Shares On Strait Of Hormuz Supply Fears

Institutional Investors Weigh In On Occidental Petroleum

Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in shares of Occidental Petroleum by 10.3% during 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 acquiring an additional 8,273,030 shares in the last quarter. Geode Capital Management LLC raised its holdings in Occidental Petroleum by 22.0% in the second quarter. Geode Capital Management LLC now owns 18,089,878 shares of the oil and gas producer’s stock worth $756,796,000 after buying an additional 3,267,269 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Occidental Petroleum by 21.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 10,602,660 shares of the oil and gas producer’s stock worth $436,008,000 after buying an additional 1,883,721 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Occidental Petroleum by 54.3% during the fourth 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 valued at $162,820,000 after buying an additional 1,393,638 shares during the last quarter. Finally, Wellington Management Group LLP increased its position in shares of Occidental Petroleum by 1,029.9% during the third quarter. Wellington Management Group LLP now owns 1,493,747 shares of the oil and gas producer’s stock valued at $70,580,000 after acquiring an additional 1,361,541 shares in the last quarter. 88.70% of the stock is owned by institutional investors.

Occidental Petroleum Stock Performance

The company has a market capitalization of $52.91 billion, a PE ratio of 33.32 and a beta of 0.34. 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 business’s fifty day moving average is $45.24 and its two-hundred day moving average is $44.05.

Occidental Petroleum (NYSE:OXY) last released its quarterly earnings data 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. Occidental Petroleum had a return on equity of 9.89% and a net margin of 9.14%.The company had revenue of $5.11 billion for the quarter, compared to analysts’ expectations of $6.02 billion. During the same period last year, the firm posted $0.80 earnings per share. Occidental Petroleum’s revenue was down 5.2% compared to the same quarter last year. Equities research analysts predict that Occidental Petroleum Corporation will post 3.58 earnings per share for the current year.

Occidental Petroleum Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders 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 yield of 1.9%. This is a boost from Occidental Petroleum’s previous quarterly dividend of $0.24. Occidental Petroleum’s dividend payout ratio (DPR) is presently 59.63%.

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.