Analysts Set Occidental Petroleum Corporation (NYSE:OXY) Price Target at $47.48

Occidental Petroleum Corporation (NYSE:OXY) has been given a consensus recommendation of “Hold” by the twenty-three analysts that are covering the firm, Marketbeat reports. Five analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $47.4762.

Several equities research analysts recently issued reports on OXY shares. BMO Capital Markets dropped their price objective on Occidental Petroleum from $50.00 to $48.00 and set a “market perform” rating for the company in a research note on Monday, January 12th. The Goldman Sachs Group dropped their price target on Occidental Petroleum from $43.00 to $41.00 and set a “sell” rating for the company in a research report on Thursday, January 22nd. Bank of America upped their price objective on shares of Occidental Petroleum from $44.00 to $45.00 in a research report on Tuesday, January 27th. Barclays began coverage on shares of Occidental Petroleum in a research report on Wednesday, January 21st. They set an “equal weight” rating for the company. Finally, Mizuho boosted their price target on shares of Occidental Petroleum from $60.00 to $64.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 11th.

Key Occidental Petroleum News

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

• Positive Sentiment: Q4 earnings surprised some analysts — OXY reported $0.31 EPS which beat the Zacks consensus of $0.19, giving investors a reason to bid the stock up despite year‑over‑year pressure. Occidental Petroleum (OXY) Q4 Earnings Top Estimates
• Positive Sentiment: Strategic capital redeployment — Occidental is refocusing after its reported US$9.7B sale of OxyChem to Berkshire Hathaway, which should boost liquidity and reduce execution risk on the balance sheet. Occidental Refocuses After US$9.7b OxyChem Sale To Berkshire Hathaway
• Positive Sentiment: Debt and cash‑flow repositioning — coverage highlights a debt reset that management says reframes future cash flow and resilience, supporting the investment case as debt metrics improve. Occidental Petroleum Debt Reset Reframes Cash Flows And Future Resilience
• Neutral Sentiment: Mixed reported metrics — some outlets show OXY missed a consensus EPS of $0.33 and revenue fell ~5% YoY, while other data providers present adjusted beats; differences in adjustments and consensus baselines are creating split headlines. Occidental: Earnings Snapshot / Marketbeat
• Neutral Sentiment: Analysts updating models ahead of/after the call — several analysts revised forecasts and issued new targets; median recent targets are near the mid‑$40s, keeping expectations mixed. Occidental Petroleum Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts
• Negative Sentiment: Near‑term oil oversupply concern and price‑target cuts — Susquehanna trimmed its price target citing near‑term oil oversupply, which could cap upside if commodity weakness persists. Susquehanna Lowers Occidental Petroleum PT Amid Near-Term Oil Oversupply Concerns
• Negative Sentiment: Underlying profitability and cash trends remain pressured — several reports show YoY declines in net income, operating profit swings and reduced operating cash flow/capex, highlighting execution and commodity‑price sensitivity risks. Quiver Quant: Q4 Financials and Metrics

Insider Transactions at Occidental Petroleum

In other news, Director William R. Klesse bought 5,000 shares of Occidental Petroleum stock in a transaction that occurred 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 completion of the purchase, the director directly owned 218,913 shares in the company, valued at $8,533,228.74. The trade was a 2.34% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.31% of the company’s stock.

Hedge Funds Weigh In On Occidental Petroleum

A number of hedge funds and other institutional investors have recently modified their holdings of OXY. Carrera Capital Advisors lifted its position in Occidental Petroleum by 0.5% in the 4th quarter. Carrera Capital Advisors now owns 44,279 shares of the oil and gas producer’s stock worth $1,831,000 after buying an additional 227 shares during the last quarter. Moody National Bank Trust Division raised its stake in shares of Occidental Petroleum by 1.5% during the third quarter. Moody National Bank Trust Division now owns 15,555 shares of the oil and gas producer’s stock worth $735,000 after acquiring an additional 229 shares in the last quarter. Summit Securities Group LLC lifted its holdings in shares of Occidental Petroleum by 18.5% in the 4th quarter. Summit Securities Group LLC now owns 1,469 shares of the oil and gas producer’s stock worth $60,000 after acquiring an additional 229 shares during the last quarter. Apella Capital LLC boosted its stake in shares of Occidental Petroleum by 3.4% in the 4th quarter. Apella Capital LLC now owns 7,019 shares of the oil and gas producer’s stock valued at $289,000 after purchasing an additional 233 shares in the last quarter. Finally, Inspire Investing LLC grew its holdings in shares of Occidental Petroleum by 3.8% during the 2nd quarter. Inspire Investing LLC now owns 6,720 shares of the oil and gas producer’s stock valued at $282,000 after purchasing an additional 247 shares during the last quarter. 88.70% of the stock is currently owned by hedge funds and other institutional investors.

Occidental Petroleum Stock Performance

Occidental Petroleum stock opened at $47.19 on Thursday. Occidental Petroleum has a 1-year low of $34.78 and a 1-year high of $52.58. The company has a current ratio of 0.94, a quick ratio of 0.71 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $46.49 billion, a PE ratio of 34.70 and a beta of 0.41. The firm’s 50 day simple moving average is $43.05 and its 200 day simple moving average is $43.51.

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, missing the consensus estimate of $0.33 by ($0.02). The firm had revenue of $5.11 billion during the quarter, compared to the consensus estimate of $6.02 billion. Occidental Petroleum had a net margin of 7.81% and a return on equity of 12.35%. The firm’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.80 earnings per share. As a group, analysts expect that Occidental Petroleum will post 3.58 earnings per share for the current fiscal year.

Occidental Petroleum Company Profile

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.