BMO Capital Markets Forecasts Strong Price Appreciation for Occidental Petroleum (NYSE:OXY) Stock

Occidental Petroleum (NYSE:OXY) had its price objective increased by stock analysts at BMO Capital Markets from $48.00 to $60.00 in a report issued on Monday,Benzinga reports. The brokerage presently has a “market perform” rating on the oil and gas producer’s stock. BMO Capital Markets’ price objective indicates a potential upside of 14.29% from the stock’s previous close.

Other research analysts have also issued research reports about the company. TD Cowen upgraded Occidental Petroleum to a “hold” rating in a research report on Monday, February 9th. Susquehanna raised their price target on Occidental Petroleum from $51.00 to $60.00 and gave the stock a “positive” rating in a research note on Friday. The Goldman Sachs Group reduced their target price on Occidental Petroleum from $43.00 to $41.00 and set a “sell” rating on the stock in a research note on Thursday, January 22nd. JPMorgan Chase & Co. lifted their target price on Occidental Petroleum from $42.00 to $49.00 and gave the stock an “underweight” rating in a research report on Friday. Finally, HSBC upped their price target on shares of Occidental Petroleum from $54.00 to $59.00 and gave the stock a “buy” rating in a report on Friday. Seven analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and six have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Occidental Petroleum has a consensus rating of “Hold” and an average target price of $49.95.

Occidental Petroleum Trading Up 1.3%

Shares of NYSE OXY traded up $0.66 during trading hours on Monday, hitting $52.50. 7,578,623 shares of the company traded hands, compared to its average volume of 12,381,706. The company’s 50 day moving average price is $43.48 and its 200 day moving average price is $43.64. Occidental Petroleum has a 12 month low of $34.78 and a 12 month high of $53.33. The stock has a market capitalization of $51.78 billion, a price-to-earnings ratio of 32.59 and a beta of 0.41. 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 posted its quarterly earnings data 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 company had revenue of $5.11 billion during the quarter, compared to analyst estimates of $6.02 billion. During the same period in the previous year, the firm earned $0.80 earnings per share. Occidental Petroleum’s quarterly revenue was down 5.2% compared to the same quarter last year. On average, equities research analysts anticipate that Occidental Petroleum will post 3.58 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director William R. Klesse bought 5,000 shares of the company’s stock in a transaction on Tuesday, December 16th. The shares were acquired at an average price of $38.98 per share, with a total value of $194,900.00. Following the transaction, the director owned 218,913 shares of the company’s stock, valued at $8,533,228.74. The trade was a 2.34% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.49% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Occidental Petroleum by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 89,900,677 shares of the oil and gas producer’s stock valued at $3,696,716,000 after acquiring an additional 699,137 shares during the last quarter. State Street Corp lifted its holdings in shares of Occidental Petroleum by 2.1% in the 4th quarter. State Street Corp now owns 39,539,743 shares of the oil and gas producer’s stock valued at $1,635,263,000 after buying an additional 828,848 shares during the period. Geode Capital Management LLC boosted its stake in shares of Occidental Petroleum by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 18,846,231 shares of the oil and gas producer’s stock worth $771,949,000 after buying an additional 167,518 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Occidental Petroleum by 21.6% during 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 acquiring an additional 1,883,721 shares during the period. Finally, Invesco Ltd. raised its position in Occidental Petroleum by 18.9% during the fourth quarter. Invesco Ltd. now owns 6,730,847 shares of the oil and gas producer’s stock valued at $276,772,000 after acquiring an additional 1,071,948 shares in the last quarter. Institutional investors own 88.70% of the company’s stock.

Key Occidental Petroleum News

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

• Positive Sentiment: Q4 report and market reaction — OXY’s Q4 2025 results (EPS beat) sparked a strong rally the week after the release as investors reacted to the profit beat despite revenue softness. This is the primary catalyst behind recent upward price momentum. Occidental Petroleum (OXY) Gains Following Q4 2025 Report
• Positive Sentiment: Multiple price-target upgrades — Several outlets published analyst price-target raises (to $45, $47, $49, $59 and $60), signaling improving analyst sentiment and supporting the stock’s upside. Each raise reinforces the narrative of better-than-feared fundamentals. Occidental Petroleum (NYSE:OXY) Price Target Raised to $45.00 Occidental Petroleum (NYSE:OXY) Price Target Raised to $47.00 Occidental Petroleum (NYSE:OXY) Price Target Raised to $49.00 Occidental Petroleum (NYSE:OXY) Price Target Raised to $59.00 Occidental Petroleum (NYSE:OXY) Price Target Raised to $60.00
• Positive Sentiment: Earnings-call highlights — Management emphasized cash generation, cost cuts and growth initiatives on the Q4 call, which supports expectations for stronger free cash flow and capacity to fund returns (dividends/share repurchases). That narrative helped lift investor confidence. Occidental Petroleum Earnings Call Highlights Cash, Cuts, Growth
• Neutral Sentiment: Increased investor attention — OXY is drawing heightened user and media interest, which can amplify moves but doesn’t by itself change fundamentals; watch flows and volume for durability of the rally. Occidental Petroleum Corporation (OXY) is Attracting Investor Attention: Here is What You Should Know
• Neutral Sentiment: Analyst nuance — TD Cowen notes improving fundamentals but flags valuation and a “Berkshire dividend overhang” (potential pressure related to dividends/ownership dynamics). This is a caution that could limit multiple expansion. Occidental Petroleum: Strengthening Fundamentals but Fairly Valued Amid Berkshire Dividend Overhang

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.