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

Occidental Petroleum (NYSE:OXY) had its price target upped by equities researchers at HSBC from $59.00 to $68.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the oil and gas producer’s stock. HSBC’s price target suggests a potential upside of 11.87% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the stock. TD Cowen boosted their target price on shares of Occidental Petroleum from $48.00 to $54.00 and gave the company a “hold” rating in a research report 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. Weiss Ratings raised shares of Occidental Petroleum from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, March 9th. UBS Group increased their target price on shares of Occidental Petroleum from $49.00 to $55.00 and gave the stock a “neutral” rating in a research report on Thursday, March 5th. Finally, Wolfe Research lowered their target price on shares of Occidental Petroleum from $55.00 to $54.00 and set an “outperform” rating on the stock in a report on Wednesday, January 21st. Nine analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Occidental Petroleum has a consensus rating of “Hold” and an average target price of $55.14.

Occidental Petroleum Price Performance

Shares of NYSE OXY opened at $60.79 on Friday. The firm has a market cap of $59.95 billion, a P/E ratio of 37.75 and a beta of 0.34. The business’s 50 day moving average is $49.21 and its 200-day moving average is $45.01. The company has a current ratio of 0.94, a quick ratio of 0.74 and a debt-to-equity ratio of 0.73. Occidental Petroleum has a 1-year low of $34.78 and a 1-year high of $61.37.

Occidental Petroleum (NYSE:OXY) last released 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. The business had revenue of $5.11 billion during the quarter, compared to the consensus estimate of $6.02 billion. Occidental Petroleum had a return on equity of 9.89% and a net margin of 9.14%.The firm’s quarterly revenue was down 5.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.80 EPS. Equities research analysts predict that Occidental Petroleum will post 3.58 earnings per share for the current year.

Hedge Funds Weigh In On Occidental Petroleum

Several hedge funds have recently bought and sold shares of the company. Woodline Partners LP boosted its position in shares of Occidental Petroleum by 40.7% during the 1st quarter. Woodline Partners LP now owns 57,079 shares of the oil and gas producer’s stock worth $2,817,000 after acquiring an additional 16,506 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in Occidental Petroleum by 0.9% during the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 193,858 shares of the oil and gas producer’s stock worth $8,144,000 after purchasing an additional 1,809 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in Occidental Petroleum by 5.1% during the second quarter. Nomura Asset Management Co. Ltd. now owns 242,619 shares of the oil and gas producer’s stock worth $10,192,000 after purchasing an additional 11,707 shares during the last quarter. Frank Rimerman Advisors LLC boosted its holdings in shares of Occidental Petroleum by 28.9% in the 2nd quarter. Frank Rimerman Advisors LLC now owns 6,666 shares of the oil and gas producer’s stock valued at $280,000 after purchasing an additional 1,495 shares in the last quarter. Finally, Wealthspire Advisors LLC increased its stake in shares of Occidental Petroleum by 5.2% in the 2nd quarter. Wealthspire Advisors LLC now owns 7,425 shares of the oil and gas producer’s stock valued at $312,000 after purchasing an additional 365 shares during the last quarter. 88.70% of the stock is owned by institutional investors.

Occidental Petroleum News Summary

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

• Positive Sentiment: Stock hit a 52‑week high, reflecting strong investor interest and momentum following recent analyst action and oil price strength. Occidental Petroleum stock hits 52-week high at 60.75 USD
• Positive Sentiment: Multiple brokerages raised ratings/targets this morning — HSBC to a Buy with a $68 PT and Mizuho boosting its target to $72 — and JPMorgan upgraded OXY from Underweight to Neutral (PT $63). Those calls give the stock near‑term support from institutional investors. HSBC price target raise / Benzinga Mizuho Raises Occidental Price Target to $72.00 JPMorgan upgrade / TickerReport
• Positive Sentiment: Oil price strength and active balance‑sheet moves are lifting sentiment — crude spikes help E&P multiples, while Occidental’s cash tender offers and recent asset sale (OxyChem) support a deleveraging narrative. Occidental Petroleum gains as oil prices spike and debt buyback stays in focus
• Neutral Sentiment: Recent earnings: OXY beat EPS expectations last quarter but revenue came in below estimates — a mixed fundamental print that makes the stock sensitive to forward guidance and oil prices (investors are watching whether the post‑earnings rally can continue). Occidental (OXY) Up 15.6% Since Last Earnings Report
• Neutral Sentiment: General market interest/trending coverage is increasing (investor attention can amplify moves but doesn’t guarantee direction). Is Trending Stock Occidental Petroleum Corporation (OXY) a Buy Now?
• Negative Sentiment: Operational risk from Middle East disruptions: reports say the Shah gas field and Fujairah crude loadings have been affected, which could dent near‑term production and export revenue if outages persist. This is the main tangible downside risk to the recent rally. Occidental Faces New Middle East Disruptions

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.