Occidental Petroleum (NYSE:OXY) Price Target Raised to $68.00

Occidental Petroleum (NYSE:OXY) had its price objective hoisted by HSBC from $59.00 to $68.00 in a research report sent to investors on Friday,Benzinga reports. The firm currently has a buy rating on the oil and gas producer’s stock.

A number of other analysts have also recently commented on the stock. Raymond James Financial reiterated an “outperform” rating and issued a $50.00 price target on shares of Occidental Petroleum in a research note on Tuesday, November 25th. UBS Group upped their target price on shares of Occidental Petroleum from $49.00 to $55.00 and gave the company a “neutral” rating in a report on Thursday, March 5th. Barclays raised their target price on shares of Occidental Petroleum from $55.00 to $59.00 and gave the company an “equal weight” rating in a research note on Monday, March 16th. Wall Street Zen raised Occidental Petroleum from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. Finally, Jefferies Financial Group upped their price objective on Occidental Petroleum from $42.00 to $47.00 and gave the company a “hold” rating in a research note on Monday, February 23rd. Nine analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $55.14.

Occidental Petroleum Stock Up 2.0%

NYSE:OXY opened at $60.79 on Friday. Occidental Petroleum has a twelve month low of $34.78 and a twelve month high of $61.37. The firm has a market capitalization of $59.95 billion, a price-to-earnings ratio of 37.75 and a beta of 0.34. 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 stock’s 50 day moving average price is $49.21 and its two-hundred day moving average price is $45.00.

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. The company had revenue of $5.11 billion during the quarter, compared to the consensus estimate of $6.02 billion. Occidental Petroleum had a return on equity of 9.89% and a net margin of 9.14%.The firm’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.80 EPS. Equities research analysts expect 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 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 1.7%. This is a boost from Occidental Petroleum’s previous quarterly dividend of $0.24. Occidental Petroleum’s dividend payout ratio is 64.60%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Caitlin John LLC acquired a new stake in Occidental Petroleum during the fourth quarter worth approximately $29,000. Activest Wealth Management grew its position 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 valued at $31,000 after purchasing an additional 305 shares during the last quarter. Rossby Financial LCC increased its stake in shares of Occidental Petroleum by 155.0% during the fourth quarter. Rossby Financial LCC now owns 765 shares of the oil and gas producer’s stock worth $31,000 after purchasing an additional 465 shares during the period. City Holding Co. lifted its holdings in Occidental Petroleum by 250.0% during the 3rd quarter. City Holding Co. now owns 700 shares of the oil and gas producer’s stock worth $33,000 after purchasing an additional 500 shares during the last quarter. Finally, Binnacle Investments Inc acquired a new stake in Occidental Petroleum during the 3rd quarter worth approximately $35,000. Institutional investors and hedge funds own 88.70% of the company’s stock.

More Occidental Petroleum News

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

• Positive Sentiment: Stock hit a 52‑week high, reflecting strong investor interest and momentum following recent analyst action and oil price strength. Occidental Petroleum stock hits 52-week high at 60.75 USD
• Positive Sentiment: Multiple brokerages raised ratings/targets this morning — HSBC to a Buy with a $68 PT and Mizuho boosting its target to $72 — and JPMorgan upgraded OXY from Underweight to Neutral (PT $63). Those calls give the stock near‑term support from institutional investors. HSBC price target raise / Benzinga Mizuho Raises Occidental Price Target to $72.00 JPMorgan upgrade / TickerReport
• Positive Sentiment: Oil price strength and active balance‑sheet moves are lifting sentiment — crude spikes help E&P multiples, while Occidental’s cash tender offers and recent asset sale (OxyChem) support a deleveraging narrative. Occidental Petroleum gains as oil prices spike and debt buyback stays in focus
• Neutral Sentiment: Recent earnings: OXY beat EPS expectations last quarter but revenue came in below estimates — a mixed fundamental print that makes the stock sensitive to forward guidance and oil prices (investors are watching whether the post‑earnings rally can continue). Occidental (OXY) Up 15.6% Since Last Earnings Report
• Neutral Sentiment: General market interest/trending coverage is increasing (investor attention can amplify moves but doesn’t guarantee direction). Is Trending Stock Occidental Petroleum Corporation (OXY) a Buy Now?
• Negative Sentiment: Operational risk from Middle East disruptions: reports say the Shah gas field and Fujairah crude loadings have been affected, which could dent near‑term production and export revenue if outages persist. This is the main tangible downside risk to the recent rally. Occidental Faces New Middle East Disruptions

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.