UBS Group Issues Pessimistic Forecast for Occidental Petroleum (NYSE:OXY) Stock Price

Occidental Petroleum (NYSE:OXY) had its target price reduced by equities research analysts at UBS Group from $67.00 to $65.00 in a research report issued on Thursday,MarketScreener reports. The firm presently has a “neutral” rating on the oil and gas producer’s stock. UBS Group’s target price indicates a potential upside of 22.58% from the stock’s previous close.

Several other research firms have also recently weighed in on OXY. Susquehanna boosted their price target on Occidental Petroleum from $60.00 to $67.00 and gave the stock a “positive” rating in a report on Tuesday, April 21st. Zacks Research upgraded Occidental Petroleum from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 31st. Wolfe Research boosted their price target on Occidental Petroleum from $67.00 to $70.00 and gave the stock an “outperform” rating in a report on Monday, April 6th. JPMorgan Chase & Co. reduced their price target on Occidental Petroleum from $64.00 to $63.00 in a report on Thursday. Finally, Truist Financial initiated coverage on Occidental Petroleum in a report on Tuesday, March 24th. They set a “hold” rating and a $65.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $62.43.

Occidental Petroleum Stock Down 1.7%

Shares of NYSE OXY opened at $53.03 on Thursday. The company has a current ratio of 1.21, a quick ratio of 0.74 and a debt-to-equity ratio of 0.49. The company has a market cap of $52.74 billion, a price-to-earnings ratio of 13.36 and a beta of 0.17. Occidental Petroleum has a 12 month low of $38.80 and a 12 month high of $67.45. The stock has a 50-day moving average price of $58.02 and a two-hundred day moving average price of $48.18.

Occidental Petroleum (NYSE:OXY) last released its quarterly earnings results on Tuesday, May 5th. The oil and gas producer reported $1.06 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.46. The company had revenue of $5.11 billion for the quarter, compared to analysts’ expectations of $5.44 billion. Occidental Petroleum had a return on equity of 9.65% and a net margin of 19.98%.The business’s quarterly revenue was down 8.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.14 earnings per share. As a group, analysts forecast that Occidental Petroleum will post 4.77 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Occidental Petroleum

Institutional investors have recently modified their holdings of the company. Lighthouse Investment Partners LLC purchased a new stake in Occidental Petroleum in the 3rd quarter valued at $22,345,000. DNB Asset Management AS raised its position in Occidental Petroleum by 100.3% in the 3rd quarter. DNB Asset Management AS now owns 267,807 shares of the oil and gas producer’s stock valued at $12,654,000 after buying an additional 134,128 shares during the last quarter. Mirabella Financial Services LLP raised its position in Occidental Petroleum by 154.7% in the 3rd quarter. Mirabella Financial Services LLP now owns 29,566 shares of the oil and gas producer’s stock valued at $1,394,000 after buying an additional 17,958 shares during the last quarter. Gifford Fong Associates raised its position in Occidental Petroleum by 41.2% in the 3rd quarter. Gifford Fong Associates now owns 171,429 shares of the oil and gas producer’s stock valued at $8,100,000 after buying an additional 50,000 shares during the last quarter. Finally, Cooperman Leon G purchased a new stake in Occidental Petroleum in the 3rd quarter valued at $15,947,000. 88.70% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Occidental Petroleum

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

• Positive Sentiment: Occidental’s Q1 2026 update was described as beating guidance in key segments, suggesting underlying operating strength despite broader market caution. Occidental Petroleum (OXY) Beats Guidance in Key Segments during Q1 2026
• Positive Sentiment: Some commentary continues to view Occidental as a value name, with coverage noting it among Buffett-linked stock ideas and highlighting a longer-term deleveraging story. Occidental Earnings: Guidance Revisions Won’t Stop Deleveraging
• Neutral Sentiment: JPMorgan, UBS, and Truist all trimmed price targets on OXY, but kept neutral-to-hold style ratings, which signals reduced enthusiasm rather than a bearish downgrade. JPMorgan cut its target to $63 from $64, UBS to $65 from $67, and Truist to $57 from $65. Truist Financial Corporation price target update
• Neutral Sentiment: Investors are also weighing a leadership transition after CEO Vicki Hollub said she plans to retire, which could mark the start of a new strategic phase for the company. Occidental Petroleum: CEO Change Could Mark The Company’s Next Era
• Negative Sentiment: The lower analyst price targets suggest Wall Street sees less upside near term, reinforcing pressure on the stock even after a solid earnings report. UBS adjusts price target on Occidental Petroleum
• Negative Sentiment: Commentary also pointed to temporary oil tailwinds already being priced in, implying limited near-term re-rating potential for OXY shares. Occidental Petroleum: Temporary Oil Tailwinds Already Baked In, Not A Buy Here

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.