UBS Group Boosts Occidental Petroleum (NYSE:OXY) Price Target to $49.00

Occidental Petroleum (NYSE:OXY) had its target price lifted by equities research analysts at UBS Group from $43.00 to $49.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the oil and gas producer’s stock. UBS Group’s price target points to a potential downside of 5.53% from the stock’s current price.

OXY has been the topic of several other research reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Occidental Petroleum in a report on Thursday, January 22nd. Morgan Stanley lowered their price target on Occidental Petroleum from $51.00 to $50.00 and set an “overweight” rating on the stock in a research report on Friday, January 23rd. Piper Sandler boosted their price objective on Occidental Petroleum from $46.00 to $47.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 28th. Wells Fargo & Company decreased their target price on Occidental Petroleum from $42.00 to $40.00 and set an “underweight” rating for the company in a research note on Wednesday, November 12th. Finally, HSBC dropped their price target on Occidental Petroleum from $55.00 to $54.00 and set a “buy” rating on the stock in a research report on Wednesday, November 12th. Seven investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and six have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $49.05.

Occidental Petroleum Stock Up 0.7%

Shares of OXY stock opened at $51.87 on Friday. The stock’s 50 day simple moving average is $43.48 and its 200 day simple moving average is $43.64. Occidental Petroleum has a twelve month low of $34.78 and a twelve month 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 capitalization of $51.15 billion, a price-to-earnings ratio of 32.22 and a beta of 0.41.

Occidental Petroleum (NYSE:OXY) last announced its quarterly earnings results 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 last year, the company posted $0.80 earnings per share. The company’s revenue for the quarter was down 5.2% compared to the same quarter last year. As a group, research analysts predict that Occidental Petroleum will post 3.58 EPS for the current year.

Insider Activity

In other news, Director William R. Klesse acquired 5,000 shares of the stock in a transaction dated Tuesday, December 16th. The shares were acquired at an average cost of $38.98 per share, for a total transaction of $194,900.00. Following the completion of the transaction, the director owned 218,913 shares in the company, valued at approximately $8,533,228.74. This trade represents a 2.34% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.31% of the company’s stock.

Institutional Investors Weigh In On Occidental Petroleum

A number of institutional investors have recently bought and sold shares of OXY. University of Texas Texas AM Investment Management Co. bought a new position in shares of Occidental Petroleum during the 2nd quarter worth about $27,000. Caitlin John LLC acquired a new position in Occidental Petroleum in the fourth quarter worth about $29,000. Activest Wealth Management lifted its stake in Occidental Petroleum by 68.5% during the fourth quarter. Activest Wealth Management now owns 750 shares of the oil and gas producer’s stock worth $31,000 after purchasing an additional 305 shares during the period. Rossby Financial LCC lifted its stake in Occidental Petroleum by 155.0% during the fourth quarter. Rossby Financial LCC now owns 765 shares of the oil and gas producer’s stock worth $31,000 after purchasing an additional 465 shares during the period. Finally, City Holding Co. grew its stake in shares of Occidental Petroleum by 250.0% in the 3rd quarter. City Holding Co. now owns 700 shares of the oil and gas producer’s stock valued at $33,000 after purchasing an additional 500 shares during the period. Institutional investors and hedge funds own 88.70% of the company’s stock.

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

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.