Occidental Petroleum (NYSE:OXY) Stock Price Expected to Rise, UBS Group Analyst Says

Occidental Petroleum (NYSE:OXY) had its price target increased by equities researchers at UBS Group from $43.00 to $49.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has a “neutral” rating on the oil and gas producer’s stock. UBS Group’s price target indicates a potential downside of 3.34% from the stock’s previous close.

A number of other equities analysts also recently weighed in on the stock. Wolfe Research dropped their target price on shares of Occidental Petroleum from $55.00 to $54.00 and set an “outperform” rating for the company in a research note on Wednesday, January 21st. JPMorgan Chase & Co. dropped their price objective on shares of Occidental Petroleum from $44.00 to $42.00 and set an “underweight” rating for the company in a research report on Tuesday, January 20th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Occidental Petroleum in a report on Thursday, January 22nd. Zacks Research cut Occidental Petroleum from a “hold” rating to a “strong sell” rating in a research note on Monday, January 26th. Finally, Wall Street Zen downgraded Occidental Petroleum from a “hold” rating to a “sell” rating in a research report on Sunday, January 11th. Seven analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $48.19.

Occidental Petroleum Price Performance

Shares of NYSE:OXY traded down $0.84 during midday trading on Friday, reaching $50.69. 7,270,817 shares of the company’s stock were exchanged, compared to its average volume of 12,226,325. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.71 and a current ratio of 0.94. The company’s 50 day simple moving average is $43.26 and its two-hundred day simple moving average is $43.57. Occidental Petroleum has a 12 month low of $34.78 and a 12 month high of $52.22. The firm has a market capitalization of $49.94 billion, a PE ratio of 31.50 and a beta of 0.41.

Occidental Petroleum (NYSE:OXY) last announced its quarterly earnings results on Wednesday, February 18th. The oil and gas producer reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.13. The firm had revenue of $5.11 billion for the quarter, compared to analysts’ expectations of $6.02 billion. Occidental Petroleum had a return on equity of 9.95% and a net margin of 9.14%.The business’s revenue was down 5.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.80 earnings per share. Equities research analysts expect that Occidental Petroleum will post 3.58 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director William R. Klesse bought 5,000 shares of Occidental Petroleum stock in a transaction on 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 acquisition, the director owned 218,913 shares in the company, valued at approximately $8,533,228.74. This represents a 2.34% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.31% of the company’s stock.

Institutional Investors Weigh In On Occidental Petroleum

Hedge funds have recently modified their holdings of the business. Tevis Investment Management acquired a new position in Occidental Petroleum in the second quarter valued at about $356,000. Swedbank AB bought a new stake in shares of Occidental Petroleum during the 3rd quarter worth approximately $35,517,000. Gifford Fong Associates boosted its position in shares of Occidental Petroleum by 41.2% during the 3rd quarter. Gifford Fong Associates now owns 171,429 shares of the oil and gas producer’s stock worth $8,100,000 after acquiring an additional 50,000 shares in the last quarter. Rakuten Investment Management Inc. acquired a new stake in shares of Occidental Petroleum during the 3rd quarter worth approximately $1,072,000. Finally, Freestone Capital Holdings LLC increased its stake in Occidental Petroleum by 521.0% in the second quarter. Freestone Capital Holdings LLC now owns 46,707 shares of the oil and gas producer’s stock valued at $1,962,000 after acquiring an additional 39,186 shares during the last quarter. Institutional investors and hedge funds 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 earnings beat and production strength — OXY reported adjusted Q4 EPS above consensus and production that topped guidance, which traders interpreted as operational resilience despite weaker commodity prices. Occidental tops quarterly profit estimates on midstream support
• Positive Sentiment: Dividend increase — The board approved an ~8% quarterly dividend raise to $0.26, a shareholder‑friendly move that supported the rally. Occidental Climbs 9% on Dividend Hike
• Positive Sentiment: Balance-sheet progress — Management highlighted ~$5.8 billion of debt reduction since mid-December (helped by the OxyChem sale to Berkshire), improving leverage and supporting multiple expansion hopes. Occidental Refocuses After OxyChem Sale
• Positive Sentiment: Debt tender offers / consent solicitation — Occidental launched cash tender offers for certain senior notes, an active step to reshape the debt profile that investors view as constructive for credit risk and future cash flow. Occidental Announces Cash Tender Offers
• Positive Sentiment: Analyst upgrade / higher target — Susquehanna raised its price target (to $60) and refreshed a positive view, providing an analyst-driven upside case that likely contributed to buying. Analyst Price Target Raise (Benzinga)
• Neutral Sentiment: Lower 2026 capex / FCF-friendly guidance — Management signalled reduced 2026 spending versus prior expectations, implying higher free-cash-flow potential if commodity prices cooperate; this is supportive but commodity-dependent. Q4 beat and 2026 spending outlook (QuiverQuant)
• Neutral Sentiment: Unusual options activity — Elevated call buying (large open interest in short period) suggests speculative bullish positioning that can amplify moves both up and down. Options Flow Note (Benzinga)
• Negative Sentiment: Revenue miss and weaker cash metrics — While EPS beat, revenue and some cash‑flow metrics were below street expectations and several line items are down year-over-year, giving cautious investors pause. Q4: Earnings beat, revenues miss (Zacks)
• Negative Sentiment: Mixed analyst views & valuation skepticism — Some commentators (and at least one Seeking Alpha columnist) remain on the sidelines, saying they need a clearer catalyst for multiple expansion; the analyst consensus still includes lower targets, so upside isn’t unanimous. Impressive Q4 earnings fail to convince (Seeking Alpha)

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.