Occidental Petroleum Corporation (NYSE:OXY) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Occidental Petroleum Corporation (NYSE:OXY) have earned a consensus recommendation of “Hold” from the twenty-four analysts that are presently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $53.4762.

A number of analysts recently commented on the stock. Jefferies Financial Group lifted their target price on shares of Occidental Petroleum from $42.00 to $47.00 and gave the stock a “hold” rating in a research note on Monday, February 23rd. HSBC upped their price target on shares of Occidental Petroleum from $54.00 to $59.00 and gave the company a “buy” rating in a research note on Friday, February 20th. Susquehanna lifted their price objective on shares of Occidental Petroleum from $51.00 to $60.00 and gave the stock a “positive” rating in a research note on Friday, February 20th. Citigroup dropped their price objective on shares of Occidental Petroleum from $49.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday, November 19th. Finally, Weiss Ratings upgraded Occidental Petroleum from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, March 9th.

Insider Activity at Occidental Petroleum

In other news, Director William R. Klesse bought 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 16th. The stock was purchased at an average price of $38.98 per share, with a total value of $194,900.00. Following the completion of the acquisition, the director directly owned 218,913 shares of the company’s stock, valued at $8,533,228.74. This trade represents a 2.34% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.49% of the stock is owned by company insiders.

Hedge Funds Weigh In On Occidental Petroleum

A number of institutional investors have recently bought and sold shares of the business. Woodline Partners LP increased its stake in shares of 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 worth $2,817,000 after acquiring an additional 16,506 shares during the period. Resona Asset Management Co. Ltd. boosted its holdings in Occidental Petroleum by 6.0% in the second quarter. Resona Asset Management Co. Ltd. now owns 232,028 shares of the oil and gas producer’s stock valued at $9,769,000 after purchasing an additional 13,081 shares during the last quarter. Modera Wealth Management LLC boosted its holdings in Occidental Petroleum by 7.8% in the second quarter. Modera Wealth Management LLC now owns 13,557 shares of the oil and gas producer’s stock valued at $570,000 after purchasing an additional 978 shares during the last quarter. Metis Global Partners LLC grew its position in Occidental Petroleum by 3.8% during the 2nd quarter. Metis Global Partners LLC now owns 37,580 shares of the oil and gas producer’s stock worth $1,579,000 after purchasing an additional 1,373 shares during the period. Finally, AGF Management Ltd. raised its stake in shares of Occidental Petroleum by 31.0% during the 2nd quarter. AGF Management Ltd. now owns 72,906 shares of the oil and gas producer’s stock valued at $3,063,000 after buying an additional 17,257 shares during the last quarter. 88.70% of the stock is owned by hedge funds and other institutional investors.

More Occidental Petroleum News

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

• Positive Sentiment: Piper Sandler upgraded OXY to Overweight and raised its price target to $66, signaling stronger analyst conviction and providing tangible upside from current levels. Positive Report for Occidental Petroleum (OXY) from Piper Sandler
• Positive Sentiment: Coverage and headlines explain a roughly 40% move in OXY YTD — driven by oil‑price strength, Permian operational outperformance and visible debt reduction — reinforcing the narrative that fundamentals, not just momentum, are supporting the rally. What’s Behind The 40% Rise In OXY Stock?
• Positive Sentiment: Zacks notes OXY outperformed the energy group (≈+27% in a month) and cites rising oil, Permian strength and debt paydown as drivers — a bullish confirmation for investors focused on fundamentals and cash‑flow improvement. OXY Outperforms Industry in Past Month: Buy, Hold or Sell the Stock?
• Positive Sentiment: Intraday price jumps and above‑average volume coincided with upward earnings‑estimate revisions, suggesting analysts are beginning to bake in more upside for OXY. Occidental (OXY) Soars 5.1%: Is Further Upside Left in the Stock?
• Positive Sentiment: Broker activity also includes a Wells Fargo upgrade on the company’s equity warrant vehicle (OXY.WS), a signal that some desks see additional value in Occidental‑linked securities. Wells Fargo upgrades Occidental Petroleum Corporation – Equity Warrant (OXY.WS)
• Neutral Sentiment: Sector momentum from rising oil and Middle East supply‑concern headlines (tanker attacks, Strait of Hormuz rhetoric) is lifting energy peers broadly, which benefits OXY but also adds geopolitical volatility risk. Occidental Petroleum Stock Surges Thursday: What’s Driving The Action?
• Neutral Sentiment: Goldman assigned a $54 price target (and other outlets list varying targets), showing analyst views still diverge on fair value — useful context for investors deciding entry points or profit‑taking. Occidental Petroleum (NYSE:OXY) Given New $54.00 Price Target at The Goldman Sachs Group
• Neutral Sentiment: Occidental disclosed a $1.20B debt tender and covenant changes; this touches capital structure and may reduce near‑term leverage risks but invites scrutiny over terms and longer‑run funding flexibility. Should Occidental’s US$1.20 Billion Debt Tender and Covenant Changes Require Action From OXY Investors?
• Negative Sentiment: Some analysts and commentaries warn the oil‑led rally may be overextended and that easy gains could be behind the stock, implying higher near‑term downside risk if oil or macro sentiment reverses. Occidental Petroleum: Oil Rally Overly Done – Easy Gains Behind Us

Occidental Petroleum Trading Down 0.9%

Shares of NYSE:OXY opened at $57.91 on Monday. The business’s 50-day moving average is $47.53 and its 200 day moving average is $44.61. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.94 and a quick ratio of 0.74. Occidental Petroleum has a 1 year low of $34.78 and a 1 year high of $59.15. The firm has a market capitalization of $57.11 billion, a P/E ratio of 35.97 and a beta of 0.34.

Occidental Petroleum (NYSE:OXY) last issued its quarterly earnings results on Wednesday, February 18th. The oil and gas producer reported $0.31 earnings per share for the quarter, topping 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 business had revenue of $5.11 billion during the quarter, compared to the consensus estimate of $6.02 billion. During the same quarter last year, the company earned $0.80 earnings per share. The company’s quarterly revenue was down 5.2% on a year-over-year basis. On average, research analysts predict that Occidental Petroleum will post 3.58 earnings per share 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. Stockholders of record on Tuesday, March 10th will be issued a $0.26 dividend. This is a boost from Occidental Petroleum’s previous quarterly dividend of $0.24. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Tuesday, March 10th. Occidental Petroleum’s dividend payout ratio is currently 64.60%.

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.