Occidental Petroleum (NYSE:OXY) Stock Price Down 4% on Analyst Downgrade

Occidental Petroleum Corporation (NYSE:OXY) traded down 4% on Tuesday after Capital One Financial lowered their price target on the stock from $69.00 to $67.00. Capital One Financial currently has an equal weight rating on the stock. Occidental Petroleum traded as low as $55.45 and last traded at $55.7170. 3,325,728 shares traded hands during trading, a decline of 79% from the average session volume of 16,110,120 shares. The stock had previously closed at $58.06.

Other equities analysts have also recently issued reports about the company. Mizuho raised their target price on Occidental Petroleum from $67.00 to $72.00 and gave the company an “outperform” rating in a report on Tuesday, March 17th. Jefferies Financial Group raised their target price on Occidental Petroleum from $47.00 to $58.00 and gave the company a “hold” rating in a report on Monday. Morgan Stanley raised their target price on Occidental Petroleum from $53.00 to $73.00 and gave the company an “equal weight” rating in a report on Friday, March 27th. Stephens raised their target price on Occidental Petroleum from $59.00 to $74.00 and gave the company an “overweight” rating in a report on Tuesday, March 31st. Finally, Piper Sandler upgraded Occidental Petroleum from a “neutral” rating to an “overweight” rating and raised their target price for the company from $54.00 to $66.00 in a report on Thursday, March 12th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $60.83.

Key Stories Impacting Occidental Petroleum

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

Institutional Investors Weigh In On Occidental Petroleum

A number of hedge funds have recently bought and sold shares of OXY. Caitlin John LLC acquired a new stake in Occidental Petroleum in the 4th quarter valued at about $29,000. Activest Wealth Management raised its position in Occidental Petroleum by 68.5% in the 4th quarter. Activest Wealth Management now owns 750 shares of the oil and gas producer’s stock valued at $31,000 after purchasing an additional 305 shares in the last quarter. Rossby Financial LCC raised its position in Occidental Petroleum by 155.0% in the 4th quarter. Rossby Financial LCC now owns 765 shares of the oil and gas producer’s stock valued at $31,000 after purchasing an additional 465 shares in the last quarter. City Holding Co. raised its position in Occidental Petroleum by 250.0% in the 3rd quarter. City Holding Co. now owns 700 shares of the oil and gas producer’s stock valued at $33,000 after purchasing an additional 500 shares in the last quarter. Finally, Binnacle Investments Inc acquired a new stake in Occidental Petroleum in the 3rd quarter valued at about $35,000. Institutional investors and hedge funds own 88.70% of the company’s stock.

Occidental Petroleum Stock Down 4.6%

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 market cap of $54.93 billion, a price-to-earnings ratio of 34.40 and a beta of 0.23. The business has a 50-day simple moving average of $55.26 and a 200-day simple moving average of $46.83.

Occidental Petroleum (NYSE:OXY) last issued its earnings results on Wednesday, February 18th. The oil and gas producer reported $0.31 earnings per share 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 business had revenue of $5.11 billion for the quarter, compared to analyst estimates of $6.02 billion. During the same quarter last year, the company earned $0.80 EPS. The business’s quarterly revenue was down 5.2% on a year-over-year basis. On average, equities analysts anticipate that Occidental Petroleum Corporation 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. Stockholders of record on Tuesday, March 10th will be given a dividend of $0.26 per share. This is a boost from Occidental Petroleum’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $1.04 annualized dividend and a dividend yield of 1.9%. Occidental Petroleum’s dividend payout ratio is 64.60%.

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.