BMO Capital Markets Forecasts Strong Price Appreciation for Occidental Petroleum (NYSE:OXY) Stock

Occidental Petroleum (NYSE:OXY) had its target price lifted by analysts at BMO Capital Markets from $60.00 to $65.00 in a research report issued on Tuesday,MarketScreener reports. The firm currently has a “market perform” rating on the oil and gas producer’s stock. BMO Capital Markets’ price target would indicate a potential upside of 8.73% from the stock’s previous close.

Other equities research analysts also recently issued reports about the stock. The Goldman Sachs Group upped their price objective on shares of Occidental Petroleum from $41.00 to $54.00 and gave the stock a “sell” rating in a research report on Wednesday, March 11th. Zacks Research raised shares of Occidental Petroleum from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 31st. Weiss Ratings raised shares of Occidental Petroleum from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, March 9th. Roth Mkm increased their target price on shares of Occidental Petroleum from $39.00 to $45.00 and gave the company a “neutral” rating in a research report on Friday, February 20th. Finally, Piper Sandler raised shares of Occidental Petroleum from a “neutral” rating to an “overweight” rating and increased their target price for the company from $54.00 to $66.00 in a research report on Thursday, March 12th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $59.74.

Occidental Petroleum Trading Down 5.0%

Shares of OXY stock opened at $59.78 on Tuesday. Occidental Petroleum has a 52-week low of $34.78 and a 52-week high of $67.45. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.74 and a current ratio of 0.94. The company has a 50-day simple moving average of $54.26 and a two-hundred day simple moving average of $46.53. The company has a market capitalization of $59.28 billion, a price-to-earnings ratio of 37.13 and a beta of 0.23.

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 analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $6.02 billion. During the same period in the prior year, the firm posted $0.80 EPS. The firm’s quarterly revenue was down 5.2% compared to the same quarter last year. Research analysts anticipate that Occidental Petroleum will post 3.58 EPS for the current fiscal year.

Institutional Trading of Occidental Petroleum

A number of institutional investors have recently modified their holdings of the business. Lighthouse Investment Partners LLC purchased a new stake in shares of Occidental Petroleum during the 3rd quarter valued at $22,345,000. DNB Asset Management AS raised its position in shares of 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 buying an additional 134,128 shares in the last quarter. Swedbank AB purchased a new stake in shares of Occidental Petroleum during the 3rd quarter valued at $35,517,000. Mirabella Financial Services LLP grew its holdings in shares of Occidental Petroleum by 154.7% during the 3rd quarter. Mirabella Financial Services LLP now owns 29,566 shares of the oil and gas producer’s stock valued at $1,394,000 after purchasing an additional 17,958 shares during the last quarter. Finally, Gifford Fong Associates grew its holdings in shares of Occidental Petroleum by 41.2% during the 3rd quarter. Gifford Fong Associates now owns 171,429 shares of the oil and gas producer’s stock valued at $8,100,000 after purchasing an additional 50,000 shares during the last quarter. 88.70% of the stock is currently owned by hedge funds and other institutional investors.

More Occidental Petroleum News

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

• Positive Sentiment: BMO Capital Markets raised its price target on OXY to $65 (from $60) and kept a “market perform” rating — a signal of modest analyst support and a potential near‑term valuation cushion. MarketScreener
• Positive Sentiment: OXY has benefited from the recent surge in oil prices tied to the Middle East conflict and broader sector momentum (including coverage highlighting OXY as a momentum pick), which boosts near‑term cash flow and deleveraging prospects. Oil Surge / Top Energy Stocks
• Neutral Sentiment: Market commentary is questioning whether OXY’s strong run (large YTD and 1‑year gains) leaves less upside and increases the risk of short‑term consolidation; useful for timing but not a firm sell signal. Has OXY Run Too Far?
• Neutral Sentiment: Analyst and momentum lists (Zacks, Motley Fool coverage) keep OXY on buy/momentum radars — this sustains investor interest but can increase volatility around headlines. Zacks Momentum List
• Negative Sentiment: News of a US‑Iran two‑week ceasefire has eased some oil‑risk premiums; energy names including OXY slid as markets rallied more broadly, prompting short‑term profit‑taking. Investopedia — Ceasefire Impact
• Negative Sentiment: Fundamental questions remain: recent quarterly results showed an EPS beat but a revenue shortfall year‑over‑year and analysts note valuation and ROE lag — factors that could pressure the stock if oil prices retreat. Zacks — Valuation / ROE Concerns

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.