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

Occidental Petroleum (NYSE:OXY) had its price target boosted by equities research analysts at Roth Mkm from $45.00 to $55.00 in a research report issued on Wednesday,MarketScreener reports. The brokerage presently has a “neutral” rating on the oil and gas producer’s stock. Roth Mkm’s price target indicates a potential downside of 3.18% from the company’s current price.

A number of other equities research analysts have also commented on the company. Mizuho raised their price objective on Occidental Petroleum from $67.00 to $72.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 17th. JPMorgan Chase & Co. raised their price target on Occidental Petroleum from $63.00 to $64.00 and gave the stock a “neutral” rating in a research note on Monday. Citigroup raised their price target on Occidental Petroleum from $45.00 to $67.00 and gave the stock a “neutral” rating in a research note on Monday, March 30th. Zacks Research raised Occidental Petroleum from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 31st. Finally, Jefferies Financial Group raised their price target on Occidental Petroleum from $47.00 to $58.00 and gave the stock a “hold” rating in a research note on Monday. 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 given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $61.26.

Occidental Petroleum Trading Up 1.8%

Shares of NYSE OXY opened at $56.81 on Wednesday. Occidental Petroleum has a one year low of $38.36 and a one year high of $67.45. The firm has a market capitalization of $56.34 billion, a PE ratio of 35.28 and a beta of 0.23. The company has a current ratio of 0.94, a quick ratio of 0.74 and a debt-to-equity ratio of 0.73. The business has a 50-day moving average price of $55.68 and a two-hundred day moving average price of $46.96.

Occidental Petroleum (NYSE:OXY) last announced its quarterly earnings data on Wednesday, February 18th. The oil and gas producer reported $0.31 EPS for the quarter, topping 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 firm had revenue of $5.11 billion during the quarter, compared to analyst estimates of $6.02 billion. During the same period last year, the company posted $0.80 EPS. The business’s quarterly revenue was down 5.2% compared to the same quarter last year. As a group, analysts predict that Occidental Petroleum will post 3.58 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in OXY. Dimensional Fund Advisors LP raised its stake in shares of Occidental Petroleum by 21.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 10,602,660 shares of the oil and gas producer’s stock valued at $436,008,000 after acquiring an additional 1,883,721 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Occidental Petroleum by 54.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,959,638 shares of the oil and gas producer’s stock valued at $162,820,000 after acquiring an additional 1,393,638 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Occidental Petroleum by 1,029.9% in the 3rd quarter. Wellington Management Group LLP now owns 1,493,747 shares of the oil and gas producer’s stock valued at $70,580,000 after acquiring an additional 1,361,541 shares in the last quarter. Invesco Ltd. raised its stake in shares of Occidental Petroleum by 18.9% in the 4th quarter. Invesco Ltd. now owns 6,730,847 shares of the oil and gas producer’s stock valued at $276,772,000 after acquiring an additional 1,071,948 shares in the last quarter. Finally, AQR Capital Management LLC raised its stake in shares of Occidental Petroleum by 134.3% in the 3rd quarter. AQR Capital Management LLC now owns 1,815,821 shares of the oil and gas producer’s stock valued at $85,798,000 after acquiring an additional 1,040,941 shares in the last quarter. 88.70% of the stock is owned by institutional investors.

Key Occidental Petroleum News

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

• Positive Sentiment: U.S. officials met with oil executives and urged increased drilling; Benzinga reports OXY’s momentum score jumped sharply week-over-week, a near-term sentiment boost that can attract flow into the stock. Occidental Petroleum Stock’s Momentum Score Triples As US To Urge Oil Executives To Ramp Up Drilling In Bid To Stabilize Prices
• Positive Sentiment: Multiple banks raised price targets (UBS to $67, Jefferies to $58, JPMorgan to $64), signaling improved analyst conviction that supports upside. UBS Group Raises Occidental Petroleum Price Target to $67.00 Jefferies Increases Occidental Petroleum Price Target to $58.00 JPMorgan Raises Occidental Petroleum Price Target to $64.00
• Positive Sentiment: Zacks highlighted OXY as potentially undervalued, which can support buy-the-dip interest from value-oriented funds. Are Investors Undervaluing Occidental Petroleum (OXY) Right Now?
• Neutral Sentiment: Roth MKM bumped its price target to $55 but kept a neutral rating — a modest signal that limits near-term conviction from that shop. Roth Capital Adjusts Occidental Petroleum PT to $55 From $45, Maintains Neutral Rating
• Neutral Sentiment: CEO commentary on Middle East operations (media interview) reassures about operational oversight and safety but is unlikely to be an immediate price driver. ‘We want our people to be safe’: Occidental Petroleum CEO on Middle East operations
• Negative Sentiment: Capital One trimmed its price target (reported as a cut), and one analyst downgrade pushed shares lower — analyst haircut news can trigger selling by funds that track coverage or have mandate thresholds. Capital One Financial Cuts Occidental Petroleum Price Target to $67.00
• Negative Sentiment: Sector rotation after renewed hopes for a U.S.-Iran ceasefire caused a “relief rally” in broader markets and a pullback in energy hedges — that rotation is cited as the driver of a recent intraday 4%-plus drop in OXY. Why Occidental Petroleum (OXY) Stock Is Trading Lower Today

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.