Occidental Petroleum (NYSE:OXY) Price Target Raised to $72.00 at Mizuho

Occidental Petroleum (NYSE:OXY) had its price target raised by Mizuho from $67.00 to $72.00 in a research report sent to investors on Tuesday,Benzinga reports. Mizuho currently has an outperform rating on the oil and gas producer’s stock.

A number of other brokerages also recently commented on OXY. TD Cowen raised their target price on shares of Occidental Petroleum from $48.00 to $54.00 and gave the company a “hold” rating in a research note on Monday, February 23rd. Susquehanna raised their price target on shares of Occidental Petroleum from $51.00 to $60.00 and gave the stock a “positive” rating in a research report on Friday, February 20th. Wolfe Research lowered their price objective on Occidental Petroleum from $55.00 to $54.00 and set an “outperform” rating for the company in a report on Wednesday, January 21st. Jefferies Financial Group boosted their price target on Occidental Petroleum from $42.00 to $47.00 and gave the company a “hold” rating in a report on Monday, February 23rd. Finally, Bank of America lifted their price objective on shares of Occidental Petroleum from $44.00 to $45.00 in a report on Tuesday, January 27th. Nine investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $54.05.

Occidental Petroleum Price Performance

Shares of NYSE OXY opened at $57.68 on Tuesday. The company has a current ratio of 0.94, a quick ratio of 0.74 and a debt-to-equity ratio of 0.73. The company’s 50-day moving average price is $48.17 and its 200 day moving average price is $44.74. Occidental Petroleum has a 52 week low of $34.78 and a 52 week high of $59.15. The stock has a market cap of $56.88 billion, a price-to-earnings ratio of 35.82 and a beta of 0.34.

Occidental Petroleum (NYSE:OXY) last issued 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 firm had revenue of $5.11 billion during the quarter, compared to the consensus estimate of $6.02 billion. During the same period in the previous year, the firm posted $0.80 EPS. The company’s quarterly revenue was down 5.2% compared to the same quarter last year. As a group, research analysts forecast that Occidental Petroleum will post 3.58 earnings per share 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. Investors of record on Tuesday, March 10th will be given a $0.26 dividend. The ex-dividend date is Tuesday, March 10th. This represents a $1.04 annualized dividend and a yield of 1.8%. This is an increase from Occidental Petroleum’s previous quarterly dividend of $0.24. Occidental Petroleum’s payout ratio is 64.60%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its stake in shares of 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. Dimensional Fund Advisors LP grew its position in 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. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Occidental Petroleum by 54.3% during the 4th 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 valued at $162,820,000 after buying an additional 1,393,638 shares during the period. Wellington Management Group LLP raised its position in shares of Occidental Petroleum by 1,029.9% during the 3rd quarter. Wellington Management Group LLP now owns 1,493,747 shares of the oil and gas producer’s stock worth $70,580,000 after buying an additional 1,361,541 shares in the last quarter. Finally, Invesco Ltd. lifted its stake 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 acquiring an additional 1,071,948 shares during the period. Institutional investors own 88.70% of the company’s stock.

Key Occidental Petroleum News

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

• Positive Sentiment: Mizuho raised its price target to $72 and upgraded OXY to “outperform,” signaling materially higher upside expectations from a major analyst. Article Title
• Positive Sentiment: Analyst commentary and valuation pieces point to improved OXY valuation as oil prices rise, supporting upward revisions to earnings and multiples. Article Title
• Positive Sentiment: Geopolitical escalation in the Middle East (recent strikes and reported high‑level casualties) and regional supply disruptions have pushed crude significantly higher — a tailwind for oil producers like OXY. Sector pieces note energy stocks are benefiting from the surge. Article Title
• Positive Sentiment: News of operations suspended at a UAE gas field after a drone strike underscores tighter regional supply and supports higher near‑term oil/gas prices, which benefits Occidental’s upstream cash flows. Article Title
• Neutral Sentiment: Activity and mention in Russell 1000 coverage can increase passive and quant flows into the stock, a modest structural positive but not an immediate earnings driver. Article Title
• Neutral Sentiment: Barclays lifted its price target from $55 to $59 but kept an “equal weight” rating — a mild affirmation but less bullish than Mizuho’s upgrade. Article Title
• Negative Sentiment: Despite the positive headlines, OXY experienced a short-term decline on Mar. 16 while the broader market improved, indicating some profit-taking or sensitivity to near-term company-specific/market noise. Article Title

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.