Occidental Petroleum (NYSE:OXY) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Occidental Petroleum (NYSE:OXY) had its price target raised by analysts at Wells Fargo & Company from $40.00 to $47.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has an “underweight” rating on the oil and gas producer’s stock. Wells Fargo & Company‘s price objective would suggest a potential downside of 8.05% from the stock’s previous close.

OXY has been the subject of several other reports. Jefferies Financial Group reduced their target price on Occidental Petroleum from $44.00 to $42.00 and set a “hold” rating for the company in a report on Tuesday, January 20th. Bank of America boosted their price objective on Occidental Petroleum from $44.00 to $45.00 in a research note on Tuesday, January 27th. Susquehanna raised their target price on shares of Occidental Petroleum from $51.00 to $60.00 and gave the stock a “positive” rating in a research report on Friday. Zacks Research cut shares of Occidental Petroleum from a “hold” rating to a “strong sell” rating in a report on Monday, January 26th. Finally, Scotiabank decreased their price target on shares of Occidental Petroleum from $47.00 to $46.00 and set a “sector perform” rating for the company in a research note on Friday, January 16th. Seven equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Occidental Petroleum has an average rating of “Hold” and a consensus target price of $48.52.

Occidental Petroleum Stock Down 0.8%

Shares of NYSE:OXY traded down $0.42 during trading on Friday, hitting $51.11. 9,065,752 shares of the company were exchanged, compared to its average volume of 12,301,863. The firm’s 50 day moving average price is $43.26 and its 200-day moving average price is $43.57. Occidental Petroleum has a 12-month low of $34.78 and a 12-month high of $52.22. 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 market capitalization of $50.36 billion, a P/E ratio of 31.78 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 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 9.95%. The firm had revenue of $5.11 billion for the quarter, compared to analyst estimates of $6.02 billion. During the same period last year, the business earned $0.80 EPS. Occidental Petroleum’s revenue for the quarter was down 5.2% compared to the same quarter last year. On average, research analysts predict that Occidental Petroleum will post 3.58 earnings per share for the current fiscal year.

Insider Activity

In other news, Director William R. Klesse purchased 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 16th. The stock was purchased at an average cost 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 approximately $8,533,228.74. This trade represents a 2.34% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.31% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Occidental Petroleum

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Woodline Partners LP grew its holdings in Occidental Petroleum by 40.7% during 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. Mutual of America Capital Management LLC grew its stake in shares of Occidental Petroleum by 3.4% during the 2nd quarter. Mutual of America Capital Management LLC now owns 81,245 shares of the oil and gas producer’s stock worth $3,413,000 after purchasing an additional 2,690 shares during the period. Stephens Inc. AR increased its holdings in shares of Occidental Petroleum by 60.0% in the 2nd quarter. Stephens Inc. AR now owns 18,455 shares of the oil and gas producer’s stock valued at $775,000 after purchasing an additional 6,920 shares in the last quarter. Brookstone Capital Management lifted its stake in shares of Occidental Petroleum by 34.0% in the second quarter. Brookstone Capital Management now owns 16,968 shares of the oil and gas producer’s stock valued at $713,000 after purchasing an additional 4,301 shares during the period. Finally, Ethic Inc. boosted its holdings in Occidental Petroleum by 49.4% during the second quarter. Ethic Inc. now owns 18,380 shares of the oil and gas producer’s stock worth $783,000 after buying an additional 6,078 shares in the last quarter. Institutional investors and hedge funds own 88.70% of the company’s stock.

Occidental Petroleum News Roundup

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.