Occidental Petroleum Corporation (NYSE:OXY) Given Average Rating of “Hold” by Brokerages

Shares of Occidental Petroleum Corporation (NYSE:OXY) have been given an average recommendation of “Hold” by the twenty-six ratings firms that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, fifteen have issued a hold recommendation, eight have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $58.8261.

A number of equities analysts have weighed in on the stock. Jefferies Financial Group increased their price target on shares of Occidental Petroleum from $42.00 to $47.00 and gave the stock a “hold” rating in a research note on Monday, February 23rd. Morgan Stanley upped their price objective on Occidental Petroleum from $53.00 to $73.00 and gave the stock an “equal weight” rating in a report on Friday, March 27th. Weiss Ratings raised Occidental Petroleum from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, March 9th. Capital One Financial boosted their price target on Occidental Petroleum from $56.00 to $69.00 and gave the company an “equal weight” rating in a research report on Thursday, March 26th. Finally, Truist Financial assumed coverage on Occidental Petroleum in a research note on Tuesday, March 24th. They set a “hold” rating and a $65.00 price target for the company.

Key Occidental Petroleum News

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

• Positive Sentiment: Zacks upgraded OXY from “hold” to “strong-buy,” which likely drew fresh buyer interest and helped support the rally. Zacks.com
• Positive Sentiment: Stephens raised its price target on OXY to $74 and kept an “overweight” rating, signaling material upside vs. the recent share price and reinforcing institutional appetite. Stephens Adjusts Price Target on Occidental Petroleum
• Positive Sentiment: Escalating geopolitical tensions pushed crude prices higher and drew flows into high-performing energy names, supporting OXY’s move up today. What’s Going On With Occidental Petroleum Stock Thursday? (Benzinga)
• Neutral Sentiment: Berkshire’s acquisition of OxyChem closes a valuation/strategy chapter for Occidental; proceeds are expected to be used to repair the balance sheet and refocus on core energy operations, a structural positive but already priced in by many investors. Berkshire Adds OxyChem As Valuation Gap And Earnings Outlook Diverge
• Neutral Sentiment: Occidental scheduled its Q1 2026 results for May 5 (conference call May 6); this sets a clear near-term event that could drive volatility depending on production, commodity realizations and balance-sheet commentary. Occidental to Announce First Quarter Results
• Negative Sentiment: Earlier profit-taking and a pullback in crude after signs of de‑escalation in the Iran conflict triggered a sharp short-term sell-off in OXY (reported as a multi-percent drop on one session), showing how oil moves can quickly reverse gains in energy stocks. Occidental Petroleum shares fall as crude oil retreats
• Negative Sentiment: Oil prices fell on April 1 amid hopes the Iran war may end, illustrating the dominant role of macro and geopolitical headlines in driving short-term OXY volatility. Stock Market Today, April 1

Occidental Petroleum Stock Up 1.1%

OXY opened at $62.94 on Friday. Occidental Petroleum has a 12 month low of $34.78 and a 12 month high of $67.45. The business has a 50-day moving average of $52.84 and a two-hundred day moving average of $46.10. 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 stock has a market capitalization of $62.42 billion, a price-to-earnings ratio of 39.09 and a beta of 0.23.

Occidental Petroleum (NYSE:OXY) last released its earnings results 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 net margin of 9.14% and a return on equity of 9.89%. The business had revenue of $5.11 billion for the quarter, compared to analysts’ expectations of $6.02 billion. During the same period last year, the company earned $0.80 earnings per share. The company’s quarterly revenue was down 5.2% on a year-over-year basis. On average, research analysts expect that Occidental Petroleum will post 3.58 earnings per share for the current year.

Occidental Petroleum Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 10th will be issued a $0.26 dividend. The ex-dividend date is Tuesday, March 10th. This is a positive change from Occidental Petroleum’s previous quarterly dividend of $0.24. This represents a $1.04 annualized dividend and a yield of 1.7%. Occidental Petroleum’s payout ratio is 64.60%.

Institutional Investors Weigh In On Occidental Petroleum

Several large investors have recently made changes to their positions in the business. Lighthouse Investment Partners LLC acquired a new position in shares of Occidental Petroleum during the third quarter worth $22,345,000. DNB Asset Management AS grew its holdings in Occidental Petroleum by 100.3% during the 3rd quarter. DNB Asset Management AS now owns 267,807 shares of the oil and gas producer’s stock valued at $12,654,000 after purchasing an additional 134,128 shares in the last quarter. Swedbank AB purchased a new stake in Occidental Petroleum during the 3rd quarter worth $35,517,000. Mirabella Financial Services LLP lifted its holdings in Occidental Petroleum by 154.7% in the 3rd quarter. Mirabella Financial Services LLP now owns 29,566 shares of the oil and gas producer’s stock worth $1,394,000 after buying an additional 17,958 shares in the last quarter. Finally, Gifford Fong Associates lifted its holdings in Occidental Petroleum by 41.2% in the 3rd quarter. Gifford Fong Associates now owns 171,429 shares of the oil and gas producer’s stock worth $8,100,000 after buying an additional 50,000 shares in the last quarter. Institutional investors and hedge funds own 88.70% of the company’s stock.

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.