Occidental Petroleum (NYSE:OXY) Given New $60.00 Price Target at BMO Capital Markets

Occidental Petroleum (NYSE:OXY) had its target price boosted by BMO Capital Markets from $48.00 to $60.00 in a report issued on Monday,Benzinga reports. They currently have a market perform rating on the oil and gas producer’s stock.

Several other research firms have also weighed in on OXY. TD Cowen upgraded shares of Occidental Petroleum to a “hold” rating in a research note on Monday, February 9th. Citigroup reduced their price target on Occidental Petroleum from $49.00 to $45.00 and set a “neutral” rating for the company in a research report on Wednesday, November 19th. Morgan Stanley decreased their price objective on shares of Occidental Petroleum from $51.00 to $50.00 and set an “overweight” rating for the company in a report on Friday, January 23rd. Susquehanna boosted their target price on Occidental Petroleum from $51.00 to $60.00 and gave the stock a “positive” rating in a report on Friday. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $50.00 price target on shares of Occidental Petroleum in a research note on Tuesday, November 25th. 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’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $49.95.

Occidental Petroleum Stock Performance

Occidental Petroleum stock opened at $52.38 on Monday. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.94 and a quick ratio of 0.74. The firm’s fifty day moving average price is $43.72 and its 200 day moving average price is $43.70. The company has a market capitalization of $51.66 billion, a price-to-earnings ratio of 32.54 and a beta of 0.41. Occidental Petroleum has a 12-month low of $34.78 and a 12-month high of $53.33.

Occidental Petroleum (NYSE:OXY) last posted its quarterly earnings data on Wednesday, February 18th. The oil and gas producer reported $0.31 earnings per share (EPS) for the quarter, topping 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 period in the previous year, the business earned $0.80 EPS. Occidental Petroleum’s revenue for the quarter was down 5.2% compared to the same quarter last year. On average, research analysts forecast that Occidental Petroleum will post 3.58 EPS for the current fiscal year.

Occidental Petroleum Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 10th will be issued a $0.26 dividend. The ex-dividend date is Tuesday, March 10th. This is an increase from Occidental Petroleum’s previous quarterly dividend of $0.24. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.0%. Occidental Petroleum’s dividend payout ratio is currently 59.63%.

Insider Activity at Occidental Petroleum

In other Occidental Petroleum news, Director William R. Klesse purchased 5,000 shares of the stock in a transaction dated 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 completion of the acquisition, the director owned 218,913 shares of the company’s stock, valued at $8,533,228.74. This represents a 2.34% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.49% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Occidental Petroleum

Large investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its position in Occidental Petroleum by 10.3% during the second quarter. Vanguard Group Inc. now owns 88,504,019 shares of the oil and gas producer’s stock valued at $3,718,054,000 after purchasing an additional 8,273,030 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Occidental Petroleum by 22.0% during the 2nd quarter. Geode Capital Management LLC now owns 18,089,878 shares of the oil and gas producer’s stock valued at $756,796,000 after buying an additional 3,267,269 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Occidental Petroleum by 21.6% during 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 acquiring an additional 1,883,721 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Occidental Petroleum by 54.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,959,638 shares of the oil and gas producer’s stock worth $162,820,000 after acquiring an additional 1,393,638 shares in the last quarter. Finally, Wellington Management Group LLP boosted its position in Occidental Petroleum by 1,029.9% during the third quarter. Wellington Management Group LLP now owns 1,493,747 shares of the oil and gas producer’s stock valued at $70,580,000 after purchasing an additional 1,361,541 shares during the last quarter. Institutional investors and hedge funds own 88.70% of the company’s stock.

Trending Headlines about Occidental Petroleum

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

• Positive Sentiment: Q4 results and market reaction — OXY’s recent quarterly report and commentary prompted a strong rally (shares were among the top energy winners the week after the release), driven by an EPS beat and management actions that signaled improving cash generation and capital allocation. Occidental Petroleum (OXY) Gains Following Q4 2025 Report
• Positive Sentiment: Dividend increase and debt reduction plan — management raised the quarterly dividend by over 8% to $0.26 and launched cash tender offers and other debt-paydown steps funded by the sale of OxyChem, which supports income-oriented investors and lowers leverage risk. Occidental Petroleum (OXY) Boosts Dividend and Cuts Debt After OxyChem Sale
• Positive Sentiment: Analyst price-target lifts — multiple firms have raised OXY targets in recent days (including a notable lift to $60 at some outlets and higher marks from other shops), which can validate the rally and attract momentum-driven flows. Occidental Petroleum (NYSE:OXY) Price Target Raised to $60.00
• Neutral Sentiment: Increased investor attention — screens and retail interest (Zacks and other outlets highlighting OXY as a widely searched/covered name) can amplify intraday volume and volatility but don’t change fundamentals by themselves. Occidental Petroleum Corporation (OXY) is Attracting Investor Attention
• Negative Sentiment: Top-line weakness — revenue missed some consensus figures and was down year-over-year, a reminder that commodity and production swings still pressure sales even as margins improve; this limits how bullish investors can be on valuation expansion. Occidental Petroleum (OXY) Gains Following Q4 2025 Report
• Negative Sentiment: Berkshire/dividend overhang and valuation cautions — some analysts note improving fundamentals but see OXY as fairly valued given overhangs (e.g., large existing shareholder dynamics and dividend expectations), which could cap upside and keep the stock prone to analyst skepticism. Occidental Petroleum: Strengthening Fundamentals but Fairly Valued

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.