JPMorgan Chase & Co. Raises Occidental Petroleum (NYSE:OXY) Price Target to $49.00

Occidental Petroleum (NYSE:OXY) had its price target lifted by JPMorgan Chase & Co. from $42.00 to $49.00 in a research note issued on Friday,MarketScreener reports. The brokerage currently has an “underweight” rating on the oil and gas producer’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential downside of 5.53% from the company’s previous close.

A number of other research firms have also recently commented on OXY. Wall Street Zen cut shares of Occidental Petroleum from a “hold” rating to a “sell” rating in a report on Sunday, January 11th. Morgan Stanley lowered their price objective on shares of Occidental Petroleum from $51.00 to $50.00 and set an “overweight” rating for the company in a research report on Friday, January 23rd. Raymond James Financial restated an “outperform” rating and issued a $50.00 target price on shares of Occidental Petroleum in a research note on Tuesday, November 25th. Mizuho raised their target price on shares of Occidental Petroleum from $60.00 to $64.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 11th. Finally, Jefferies Financial Group lowered their price target on Occidental Petroleum from $44.00 to $42.00 and set a “hold” rating for the company in a report on Tuesday, January 20th. Seven investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and six have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $49.05.

Occidental Petroleum Trading Up 0.7%

Shares of NYSE OXY opened at $51.87 on Friday. Occidental Petroleum has a fifty-two week low of $34.78 and a fifty-two week high of $52.22. 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 has a market cap of $51.15 billion, a price-to-earnings ratio of 32.22 and a beta of 0.41. The business’s 50 day moving average price is $43.48 and its 200-day moving average price is $43.64.

Occidental Petroleum (NYSE:OXY) last announced its quarterly earnings data on Wednesday, February 18th. The oil and gas producer reported $0.31 EPS for the quarter, beating the consensus estimate of $0.18 by $0.13. Occidental Petroleum had a return on equity of 9.89% and a net margin of 9.14%.The company had revenue of $5.11 billion for the quarter, compared to the consensus estimate of $6.02 billion. During the same quarter in the prior year, the company posted $0.80 EPS. Occidental Petroleum’s quarterly revenue was down 5.2% on a year-over-year basis. On average, sell-side analysts expect that Occidental Petroleum will post 3.58 earnings per share for the current year.

Insider Transactions at Occidental Petroleum

In other Occidental Petroleum news, Director William R. Klesse acquired 5,000 shares of Occidental Petroleum stock in a transaction that occurred on Tuesday, December 16th. The stock was bought 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 of the company’s stock, valued at approximately $8,533,228.74. This represents a 2.34% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.31% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of Occidental Petroleum by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 89,900,677 shares of the oil and gas producer’s stock worth $3,696,716,000 after purchasing an additional 699,137 shares during the last quarter. State Street Corp raised its holdings in Occidental Petroleum by 2.1% in the fourth quarter. State Street Corp now owns 39,539,743 shares of the oil and gas producer’s stock worth $1,635,263,000 after purchasing an additional 828,848 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Occidental Petroleum by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 18,846,231 shares of the oil and gas producer’s stock valued at $771,949,000 after buying an additional 167,518 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings 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 valued at $436,008,000 after buying an additional 1,883,721 shares in the last quarter. Finally, Invesco Ltd. grew its position in shares of Occidental Petroleum by 18.9% in the 4th quarter. Invesco Ltd. now owns 6,730,847 shares of the oil and gas producer’s stock worth $276,772,000 after buying an additional 1,071,948 shares during the last quarter. 88.70% of the stock is currently owned by hedge funds and other institutional investors.

Occidental Petroleum News Roundup

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

• Positive Sentiment: Board raised the quarterly dividend ~8.3% to $0.26/share (ex-div March 10, payable April 15), which supports income-minded investors and helped lift the stock. Dividend Hike Coverage
• Positive Sentiment: Q4 earnings beat consensus (adjusted EPS $0.31 vs. ~ $0.18–$0.19 est.), with production above guidance and operating cash flow strength; management highlighted ~$5.8B of debt reduction since mid-December after the OxyChem sale — a clear de-leveraging catalyst. Reuters: Q4 Results
• Positive Sentiment: Company launched cash tender offers and consent solicitations to repurchase certain senior notes — active liability management that reduces headline leverage risk. Tender Offers Release
• Neutral Sentiment: Management outlined a lower 2026 capex outlook (~$5.7B), implying improved free cash flow if commodity prices cooperate — a potential long-term positive but dependent on oil markets. QuiverQuant: Guidance & Capex
• Neutral Sentiment: Unusual options activity — a large uptick in call buying — signals heightened speculative interest and short‑term bullish positioning but is not a fundamental guarantee. (Market data)
• Negative Sentiment: Revenue and total sales missed expectations (Q4 revenue below consensus) and year-over-year revenue declined, which tempers the EPS beat and points to margin/price headwinds. Zacks: Revenue Miss
• Negative Sentiment: Analyst views remain mixed — some firms raised price targets but several targets and the median remain below current levels, and at least one shop (Wells Fargo) kept an underweight stance despite bumping its target, adding near-term valuation uncertainty. Benzinga: Analyst Notes

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.