Capital One Financial Lowers Occidental Petroleum (NYSE:OXY) Price Target to $67.00

Occidental Petroleum (NYSE:OXY) had its price objective reduced by analysts at Capital One Financial from $69.00 to $67.00 in a research report issued on Monday,MarketScreener reports. The firm presently has an “equal weight” rating on the oil and gas producer’s stock. Capital One Financial‘s price objective suggests a potential upside of 20.96% from the company’s previous close.

Several other brokerages have also issued reports on OXY. Truist Financial initiated coverage on Occidental Petroleum in a research report on Tuesday, March 24th. They issued a “hold” rating and a $65.00 price objective for the company. UBS Group boosted their price objective on Occidental Petroleum from $64.00 to $67.00 and gave the company a “neutral” rating in a research report on Monday. Scotiabank upgraded Occidental Petroleum to a “hold” rating in a research report on Friday, March 27th. Morgan Stanley boosted their price objective on Occidental Petroleum from $53.00 to $73.00 and gave the company an “equal weight” rating in a research report on Friday, March 27th. Finally, Roth Mkm boosted their price objective on Occidental Petroleum from $39.00 to $45.00 and gave the company a “neutral” rating in a research report on Friday, February 20th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Occidental Petroleum presently has an average rating of “Hold” and an average price target of $60.83.

Occidental Petroleum Stock Performance

Shares of OXY stock opened at $55.39 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 stock has a market cap of $54.93 billion, a PE ratio of 34.40 and a beta of 0.23. The stock has a 50-day moving average of $55.26 and a 200-day moving average of $46.83. Occidental Petroleum has a one year low of $37.62 and a one year high of $67.45.

Occidental Petroleum (NYSE:OXY) last announced its quarterly earnings results on Wednesday, February 18th. The oil and gas producer reported $0.31 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $6.02 billion. During the same period in the prior year, the business posted $0.80 EPS. Occidental Petroleum’s revenue was down 5.2% on a year-over-year basis. As a group, sell-side analysts expect that Occidental Petroleum will post 3.58 earnings per share for the current year.

Institutional Investors Weigh In On Occidental Petroleum

A number of institutional investors and hedge funds have recently made changes to their positions in OXY. Woodline Partners LP raised its stake in Occidental Petroleum by 40.7% in the 1st quarter. Woodline Partners LP now owns 57,079 shares of the oil and gas producer’s stock valued at $2,817,000 after acquiring an additional 16,506 shares during the period. Marshall Wace LLP bought a new stake in Occidental Petroleum in the 2nd quarter valued at $4,584,000. Federated Hermes Inc. raised its stake in Occidental Petroleum by 696.7% in the 2nd quarter. Federated Hermes Inc. now owns 23,997 shares of the oil and gas producer’s stock valued at $1,008,000 after acquiring an additional 20,985 shares during the period. Daiwa Securities Group Inc. raised its stake in Occidental Petroleum by 7.4% in the 2nd quarter. Daiwa Securities Group Inc. now owns 105,767 shares of the oil and gas producer’s stock valued at $4,443,000 after acquiring an additional 7,285 shares during the period. Finally, AXA S.A. raised its stake in Occidental Petroleum by 24.3% in the 2nd quarter. AXA S.A. now owns 136,625 shares of the oil and gas producer’s stock valued at $5,740,000 after acquiring an additional 26,741 shares during the period. Institutional investors own 88.70% of the company’s stock.

Occidental Petroleum News Roundup

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

• Positive Sentiment: Planned CEO succession lifted sentiment — the market reacted positively to the announcement that Richard Jackson will take over from Vicki Hollub, driving earlier buying interest. Occidental Petroleum Is Getting a New CEO in 2026
• Positive Sentiment: Value screening and favorable EV/EBITDA comparisons have attracted interest from value-focused investors, keeping some longer‑term buyers engaged. 5 Value Stocks With Impressive EV-to-EBITDA Ratios to Scoop Up
• Neutral Sentiment: Analysts nudged price targets higher but mostly kept neutral/hold ratings — UBS, Jefferies and JPMorgan raised targets modestly (to ~$64–67) while retaining neutral/hold stances, which supports upside case but stops short of a bullish re‑rating. UBS raises price target Jefferies adjusts price target JPMorgan adjusts price target
• Neutral Sentiment: Recent fundamentals are mixed — last reported quarter showed an EPS beat but revenue missed and year‑over‑year revenue decline, leaving earnings momentum a watch item into the May 6 Q1 update. (Background company earnings and guidance should be watched for the next catalyst.)
• Negative Sentiment: Macro headline: reports that U.S. and Iran will return to talks pressured oil prices and triggered a sectorwide selloff, which hit OXY given its oil exposure. This is the primary proximate cause of today’s downward move. Why Occidental Petroleum Fell Today
• Negative Sentiment: Capital One trimmed its price target from $69 to $67 and kept an equal‑weight rating, which removes some near‑term analyst support and may have contributed to selling pressure. Capital One cuts price target
• Negative Sentiment: Snapshot market action: elevated intraday volume with the stock trading below its 50‑day average suggests short‑term selling pressure; watch oil prices and upcoming Q1 update (May 6) for reversal or continuation. Occidental Petroleum Stock Drops Despite Market Gains

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.