Occidental Petroleum (NYSE:OXY) Upgraded at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Occidental Petroleum (NYSE:OXY) from an underweight rating to a neutral rating in a research note issued to investors on Friday, Marketbeat.com reports. The brokerage currently has $63.00 price target on the oil and gas producer’s stock.

A number of other equities analysts also recently issued reports on the company. Susquehanna lifted their price target on Occidental Petroleum from $51.00 to $60.00 and gave the company a “positive” rating in a research note on Friday, February 20th. Wall Street Zen upgraded Occidental Petroleum from a “sell” rating to a “hold” rating in a report on Saturday, February 28th. BMO Capital Markets lifted their target price on Occidental Petroleum from $48.00 to $60.00 and gave the company a “market perform” rating in a research report on Monday, February 23rd. UBS Group increased their price target on Occidental Petroleum from $49.00 to $55.00 and gave the company a “neutral” rating in a research report on Thursday, March 5th. Finally, Wells Fargo & Company upgraded shares of Occidental Petroleum from an “underweight” rating to an “overweight” rating and upped their target price for the stock from $47.00 to $69.00 in a research note on Thursday, March 12th. Nine equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Occidental Petroleum presently has an average rating of “Hold” and a consensus target price of $55.14.

Occidental Petroleum Stock Performance

OXY opened at $60.79 on Friday. Occidental Petroleum has a 1-year low of $34.78 and a 1-year high of $61.37. The company has a market cap of $59.95 billion, a price-to-earnings ratio of 37.75 and a beta of 0.34. The company’s fifty day moving average price is $49.21 and its two-hundred day moving average price is $45.00. The company has a current ratio of 0.94, a quick ratio of 0.74 and a debt-to-equity ratio of 0.73.

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 firm had revenue of $5.11 billion during the quarter, compared to analysts’ expectations of $6.02 billion. During the same period last year, the company earned $0.80 earnings per share. The business’s revenue was down 5.2% on a year-over-year basis. On average, analysts expect that Occidental Petroleum will post 3.58 EPS for the current fiscal 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 paid a $0.26 dividend. This is a boost from Occidental Petroleum’s previous quarterly dividend of $0.24. The ex-dividend date is Tuesday, March 10th. This represents a $1.04 dividend on an annualized basis and a yield of 1.7%. Occidental Petroleum’s dividend payout ratio is currently 64.60%.

Hedge Funds Weigh In On Occidental Petroleum

Several institutional investors have recently added to or reduced their stakes in the stock. Woodline Partners LP boosted its stake in Occidental Petroleum by 40.7% in the first quarter. Woodline Partners LP now owns 57,079 shares of the oil and gas producer’s stock valued at $2,817,000 after acquiring an additional 16,506 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH increased its stake in shares of Occidental Petroleum by 0.9% during the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 193,858 shares of the oil and gas producer’s stock worth $8,144,000 after purchasing an additional 1,809 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in shares of Occidental Petroleum by 5.1% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 242,619 shares of the oil and gas producer’s stock worth $10,192,000 after purchasing an additional 11,707 shares during the period. Frank Rimerman Advisors LLC lifted its stake in Occidental Petroleum by 28.9% in the second quarter. Frank Rimerman Advisors LLC now owns 6,666 shares of the oil and gas producer’s stock valued at $280,000 after purchasing an additional 1,495 shares during the last quarter. Finally, Wealthspire Advisors LLC grew its holdings in Occidental Petroleum by 5.2% during the second quarter. Wealthspire Advisors LLC now owns 7,425 shares of the oil and gas producer’s stock valued at $312,000 after purchasing an additional 365 shares during the period. Institutional investors own 88.70% of the company’s stock.

Trending Headlines about Occidental Petroleum

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

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.