Occidental Petroleum (NYSE:OXY) Stock Price Expected to Rise, HSBC Analyst Says

Occidental Petroleum (NYSE:OXY) had its price objective lifted by equities researchers at HSBC from $54.00 to $59.00 in a research note issued on Friday,MarketScreener reports. The brokerage currently has a “buy” rating on the oil and gas producer’s stock. HSBC’s target price indicates a potential upside of 13.75% from the company’s current price.

A number of other research analysts have also recently issued reports on the company. UBS Group lifted their price objective on Occidental Petroleum from $43.00 to $49.00 and gave the company a “neutral” rating in a research note on Friday. Weiss Ratings cut Occidental Petroleum from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday. Wells Fargo & Company lifted their price target on Occidental Petroleum from $40.00 to $47.00 and gave the stock an “underweight” 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 research note on Monday, January 26th. Finally, Susquehanna increased their price objective on shares of Occidental Petroleum from $51.00 to $60.00 and gave the company a “positive” rating in a research report on Friday. Seven investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and six have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $49.05.

Occidental Petroleum Stock Up 0.7%

Shares of Occidental Petroleum stock opened at $51.87 on Friday. The firm has a market cap of $51.15 billion, a price-to-earnings ratio of 32.22 and a beta of 0.41. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.94 and a quick ratio of 0.71. Occidental Petroleum has a 1 year low of $34.78 and a 1 year high of $52.22. The company has a 50-day moving average of $43.48 and a 200 day moving average of $43.64.

Occidental Petroleum (NYSE:OXY) last released its earnings results on Wednesday, February 18th. The oil and gas producer reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.13. Occidental Petroleum had a net margin of 9.14% and a return on equity of 9.89%. The firm had revenue of $5.11 billion during the quarter, compared to analyst estimates of $6.02 billion. During the same period last year, the business earned $0.80 earnings per share. The business’s revenue was down 5.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Occidental Petroleum will post 3.58 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director William R. Klesse bought 5,000 shares of the stock in a transaction on Tuesday, December 16th. The shares were acquired at an average price of $38.98 per share, for a total transaction of $194,900.00. Following the purchase, the director owned 218,913 shares of the company’s stock, valued at approximately $8,533,228.74. The trade was a 2.34% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.31% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Invesco Ltd. lifted its position 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 valued at $276,772,000 after purchasing an additional 1,071,948 shares during the period. Caitlin John LLC purchased a new stake in Occidental Petroleum during the 4th quarter valued at $29,000. Delta Global Management LP lifted its holdings in shares of Occidental Petroleum by 9.2% during the 4th quarter. Delta Global Management LP now owns 59,230 shares of the oil and gas producer’s stock valued at $2,436,000 after buying an additional 5,000 shares during the period. EP Wealth Advisors LLC bought a new position in shares of Occidental Petroleum during the 4th quarter valued at $956,000. Finally, Mackenzie Financial Corp boosted its stake in shares of Occidental Petroleum by 159.2% in the 4th quarter. Mackenzie Financial Corp now owns 105,052 shares of the oil and gas producer’s stock worth $4,347,000 after buying an additional 64,527 shares during the last quarter. 88.70% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Occidental Petroleum

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

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.