Occidental Petroleum (NYSE:OXY) Given New $45.00 Price Target at Roth Mkm

Occidental Petroleum (NYSE:OXY) had its target price lifted by Roth Mkm from $39.00 to $45.00 in a report released on Friday morning,MarketScreener reports. Roth Mkm currently has a neutral rating on the oil and gas producer’s stock.

Several other research analysts have also issued reports on OXY. Wolfe Research decreased their target price on Occidental Petroleum from $55.00 to $54.00 and set an “outperform” rating for the company in a research report on Wednesday, January 21st. TD Cowen upgraded Occidental Petroleum to a “hold” rating in a report on Monday, February 9th. Morgan Stanley dropped their target price on shares of Occidental Petroleum from $51.00 to $50.00 and set an “overweight” rating on the stock in a report on Friday, January 23rd. BMO Capital Markets decreased their price target on shares of Occidental Petroleum from $50.00 to $48.00 and set a “market perform” rating for the company in a research note on Monday, January 12th. Finally, Bank of America boosted their price objective on shares of Occidental Petroleum from $44.00 to $45.00 in a research note on Tuesday, January 27th. Seven equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and six have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $49.05.

Occidental Petroleum Trading Up 0.7%

NYSE:OXY traded up $0.34 during trading hours on Friday, hitting $51.87. The company had a trading volume of 16,517,783 shares, compared to its average volume of 11,940,096. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.94 and a quick ratio of 0.71. The stock has a 50-day moving average price of $43.48 and a 200 day moving average price of $43.63. The company has a market capitalization of $51.15 billion, a PE ratio of 32.22 and a beta of 0.41. Occidental Petroleum has a 52 week low of $34.78 and a 52 week high of $52.22.

Occidental Petroleum (NYSE:OXY) last posted its earnings results on Wednesday, February 18th. The oil and gas producer reported $0.31 EPS for the quarter, topping the consensus estimate 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 posted $0.80 EPS. The company’s quarterly revenue was down 5.2% compared to the same quarter last year. On average, equities research analysts predict that Occidental Petroleum will post 3.58 EPS for the current fiscal year.

Occidental Petroleum Increases Dividend

The company 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 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 2.0%. This is an increase from Occidental Petroleum’s previous quarterly dividend of $0.24. Occidental Petroleum’s dividend payout ratio (DPR) is 59.63%.

Insider Transactions at Occidental Petroleum

In other news, Director William R. Klesse bought 5,000 shares of the company’s stock in a transaction dated Tuesday, December 16th. The shares were purchased at an average price of $38.98 per share, for a total transaction of $194,900.00. Following the completion of the purchase, the director owned 218,913 shares in the company, valued at approximately $8,533,228.74. This represents a 2.34% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.31% of the company’s stock.

Hedge Funds Weigh In On Occidental Petroleum

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. University of Texas Texas AM Investment Management Co. purchased a new position in shares of Occidental Petroleum in the second quarter worth $27,000. City Holding Co. increased its holdings in Occidental Petroleum by 250.0% in the 3rd quarter. City Holding Co. now owns 700 shares of the oil and gas producer’s stock worth $33,000 after buying an additional 500 shares in the last quarter. Caitlin John LLC purchased a new position in Occidental Petroleum in the 4th quarter worth about $29,000. Activest Wealth Management lifted its stake in Occidental Petroleum by 68.5% during the 4th quarter. Activest Wealth Management now owns 750 shares of the oil and gas producer’s stock valued at $31,000 after acquiring an additional 305 shares during the period. Finally, Binnacle Investments Inc purchased a new stake in shares of Occidental Petroleum during the 3rd quarter valued at about $35,000. 88.70% of the stock is owned by institutional investors.

Trending Headlines about 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.