Occidental Petroleum (OXY) – Analysts’ Recent Ratings Changes

A number of research firms have changed their ratings and price targets for Occidental Petroleum (NYSE: OXY):

• 7/8/2026 – Occidental Petroleum was upgraded by Evercore Inc from “in-line” to “outperform”. They now have a $65.00 price target on the stock.
• 6/30/2026 – Occidental Petroleum had its price target lowered by The Goldman Sachs Group, Inc. from $64.00 to $60.00. They now have a “neutral” rating on the stock.
• 6/26/2026 – Occidental Petroleum had its price target lowered by Morgan Stanley from $74.00 to $68.00. They now have an “equal weight” rating on the stock.
• 6/23/2026 – Occidental Petroleum was downgraded by Weiss Ratings from “hold (c+)” to “hold (c)”.
• 6/22/2026 – Occidental Petroleum was downgraded by Zacks Research from “strong-buy” to “hold”.
• 5/27/2026 – Occidental Petroleum had its price target raised by Capital One Financial Corporation from $67.00 to $70.00.
• 5/27/2026 – Occidental Petroleum had its price target raised by Mizuho from $72.00 to $75.00. They now have an “outperform” rating on the stock.
• 5/26/2026 – Occidental Petroleum was upgraded by Barclays PLC from “equal weight” to “overweight”. They now have a $72.00 price target on the stock, up from $59.00.
• 5/21/2026 – Occidental Petroleum had its price target raised by Morgan Stanley from $73.00 to $74.00. They now have an “equal weight” rating on the stock.
• 5/21/2026 – Occidental Petroleum was upgraded by The Goldman Sachs Group, Inc. from “sell” to “neutral”. They now have a $64.00 price target on the stock.

Occidental Petroleum Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, June 10th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $1.04 dividend on an annualized basis and a yield of 2.0%. Occidental Petroleum’s payout ratio is currently 26.20%.

Insider Transactions at Occidental Petroleum

In other news, CEO Richard A. Jackson purchased 4,770 shares of the firm’s stock in a transaction on Tuesday, June 23rd. The stock was bought at an average cost of $52.38 per share, for a total transaction of $249,852.60. Following the completion of the acquisition, the chief executive officer directly owned 444,098 shares of the company’s stock, valued at approximately $23,261,853.24. The trade was a 1.09% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.50% of the stock is owned by company insiders.

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.