Occidental Petroleum (NYSE:OXY) Reaches New 1-Year High – Still a Buy?

Occidental Petroleum Corporation (NYSE:OXY)’s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as $60.42 and last traded at $60.4340, with a volume of 6673833 shares changing hands. The stock had previously closed at $58.38.

Key Occidental Petroleum News

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

• Positive Sentiment: Stock hit a 52‑week high, reflecting strong investor interest and momentum following recent analyst action and oil price strength. Occidental Petroleum stock hits 52-week high at 60.75 USD
• Positive Sentiment: Multiple brokerages raised ratings/targets this morning — HSBC to a Buy with a $68 PT and Mizuho boosting its target to $72 — and JPMorgan upgraded OXY from Underweight to Neutral (PT $63). Those calls give the stock near‑term support from institutional investors. HSBC price target raise / Benzinga Mizuho Raises Occidental Price Target to $72.00 JPMorgan upgrade / TickerReport
• Positive Sentiment: Oil price strength and active balance‑sheet moves are lifting sentiment — crude spikes help E&P multiples, while Occidental’s cash tender offers and recent asset sale (OxyChem) support a deleveraging narrative. Occidental Petroleum gains as oil prices spike and debt buyback stays in focus
• Neutral Sentiment: Recent earnings: OXY beat EPS expectations last quarter but revenue came in below estimates — a mixed fundamental print that makes the stock sensitive to forward guidance and oil prices (investors are watching whether the post‑earnings rally can continue). Occidental (OXY) Up 15.6% Since Last Earnings Report
• Neutral Sentiment: General market interest/trending coverage is increasing (investor attention can amplify moves but doesn’t guarantee direction). Is Trending Stock Occidental Petroleum Corporation (OXY) a Buy Now?
• Negative Sentiment: Operational risk from Middle East disruptions: reports say the Shah gas field and Fujairah crude loadings have been affected, which could dent near‑term production and export revenue if outages persist. This is the main tangible downside risk to the recent rally. Occidental Faces New Middle East Disruptions

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Raymond James Financial reiterated an “outperform” rating and issued a $50.00 target price on shares of Occidental Petroleum in a research note on Tuesday, November 25th. TD Cowen upped their price target on Occidental Petroleum from $48.00 to $54.00 and gave the stock a “hold” rating in a report on Monday, February 23rd. JPMorgan Chase & Co. raised shares of Occidental Petroleum from an “underweight” rating to a “neutral” rating and set a $63.00 price objective for the company in a research report on Friday. Mizuho lifted their price objective on shares of Occidental Petroleum from $67.00 to $72.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, The Goldman Sachs Group upped their target price on shares of Occidental Petroleum from $41.00 to $54.00 and gave the company a “sell” rating in a research note on Wednesday, March 11th. Nine equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $55.14.

Occidental Petroleum Trading Up 2.0%

The firm has a market cap of $59.95 billion, a P/E ratio of 37.75 and a beta of 0.34. The business’s 50 day moving average is $49.21 and its 200-day moving average is $45.03. The company has a quick ratio of 0.74, a current ratio of 0.94 and a debt-to-equity ratio of 0.73.

Occidental Petroleum (NYSE:OXY) last posted its quarterly earnings data on Wednesday, February 18th. The oil and gas producer reported $0.31 EPS 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 the consensus estimate of $6.02 billion. Occidental Petroleum had a net margin of 9.14% and a return on equity of 9.89%. The firm’s revenue was down 5.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.80 EPS. As a group, analysts forecast that Occidental Petroleum Corporation will post 3.58 earnings per share for the current fiscal year.

Occidental Petroleum Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 10th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 1.7%. This is a positive change from Occidental Petroleum’s previous quarterly dividend of $0.24. The ex-dividend date is Tuesday, March 10th. Occidental Petroleum’s payout ratio is 64.60%.

Institutional Trading of Occidental Petroleum

Several institutional investors and hedge funds have recently bought and sold shares of OXY. Dimensional Fund Advisors LP grew its position in shares of Occidental Petroleum by 21.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 10,602,660 shares of the oil and gas producer’s stock worth $436,008,000 after acquiring an additional 1,883,721 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Occidental Petroleum by 54.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,959,638 shares of the oil and gas producer’s stock valued at $162,820,000 after acquiring an additional 1,393,638 shares in the last quarter. Wellington Management Group LLP lifted its stake in Occidental Petroleum by 1,029.9% during the third quarter. Wellington Management Group LLP now owns 1,493,747 shares of the oil and gas producer’s stock worth $70,580,000 after purchasing an additional 1,361,541 shares during the last quarter. Invesco Ltd. lifted its stake in Occidental Petroleum by 18.9% during the fourth quarter. Invesco Ltd. now owns 6,730,847 shares of the oil and gas producer’s stock worth $276,772,000 after purchasing an additional 1,071,948 shares during the last quarter. Finally, AQR Capital Management LLC boosted its holdings in Occidental Petroleum by 134.3% in the third quarter. AQR Capital Management LLC now owns 1,815,821 shares of the oil and gas producer’s stock worth $85,798,000 after purchasing an additional 1,040,941 shares during the period. Institutional investors and hedge funds own 88.70% of the company’s stock.

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.