Roth Mkm Forecasts Strong Price Appreciation for Occidental Petroleum (NYSE:OXY) Stock

Occidental Petroleum (NYSE:OXY) had its target price increased by research analysts at Roth Mkm from $39.00 to $45.00 in a note issued to investors on Friday,MarketScreener reports. The firm presently has a “neutral” rating on the oil and gas producer’s stock. Roth Mkm’s price target points to a potential downside of 13.24% from the stock’s current price.

Other equities research analysts also recently issued reports about the stock. Wall Street Zen downgraded shares of Occidental Petroleum from a “hold” rating to a “sell” rating in a research report on Sunday, January 11th. Wolfe Research cut their price target on Occidental Petroleum from $55.00 to $54.00 and set an “outperform” rating for the company in a research note on Wednesday, January 21st. Barclays assumed coverage on Occidental Petroleum in a report on Wednesday, January 21st. They set an “equal weight” rating for the company. Wells Fargo & Company raised their target price on Occidental Petroleum from $40.00 to $47.00 and gave the company an “underweight” rating in a report on Friday. Finally, TD Cowen raised Occidental Petroleum to a “hold” rating in a research report on Monday, February 9th. Seven 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. According to MarketBeat, Occidental Petroleum currently has a consensus rating of “Hold” and a consensus target price of $49.05.

Occidental Petroleum Price Performance

Shares of NYSE:OXY opened at $51.87 on Friday. Occidental Petroleum has a twelve month low of $34.78 and a twelve month high of $52.22. The stock’s 50 day moving average is $43.48 and its 200-day moving average is $43.64. The company has a quick ratio of 0.71, a current ratio of 0.94 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $51.15 billion, a price-to-earnings ratio of 32.22 and a beta of 0.41.

Occidental Petroleum (NYSE:OXY) last posted its quarterly 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 business had revenue of $5.11 billion during the quarter, compared to the consensus estimate of $6.02 billion. During the same quarter last year, the firm posted $0.80 EPS. Occidental Petroleum’s revenue was down 5.2% compared to the same quarter last year. Sell-side analysts forecast that Occidental Petroleum will post 3.58 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director William R. Klesse acquired 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 16th. The stock was acquired at an average price of $38.98 per share, for a total transaction of $194,900.00. Following the completion of the acquisition, the director 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.31% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Occidental Petroleum in the 2nd quarter worth approximately $27,000. Caitlin John LLC purchased a new stake in Occidental Petroleum in the fourth quarter worth $29,000. Activest Wealth Management raised its stake in shares of Occidental Petroleum by 68.5% in the fourth quarter. Activest Wealth Management now owns 750 shares of the oil and gas producer’s stock valued at $31,000 after buying an additional 305 shares during the period. Rossby Financial LCC lifted its position in shares of Occidental Petroleum by 155.0% during the 4th quarter. Rossby Financial LCC now owns 765 shares of the oil and gas producer’s stock valued at $31,000 after buying an additional 465 shares during the last quarter. Finally, City Holding Co. grew its stake in shares of Occidental Petroleum by 250.0% during the 3rd quarter. City Holding Co. now owns 700 shares of the oil and gas producer’s stock worth $33,000 after acquiring an additional 500 shares during the period. 88.70% of the stock is owned by institutional investors.

Key Stories Impacting 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

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.