Occidental Petroleum (NYSE:OXY) Given New $67.00 Price Target at Susquehanna

Occidental Petroleum (NYSE:OXY) had its target price upped by Susquehanna from $60.00 to $67.00 in a research report sent to investors on Tuesday morning,MarketScreener reports. The firm currently has a positive rating on the oil and gas producer’s stock.

Several other equities analysts have also recently commented on the stock. Jefferies Financial Group upped their target price on shares of Occidental Petroleum from $47.00 to $58.00 and gave the company a “hold” rating in a research note on Monday, April 13th. JPMorgan Chase & Co. upped their target price on shares of Occidental Petroleum from $63.00 to $64.00 and gave the company a “neutral” rating in a research note on Monday, April 13th. Wells Fargo & Company upped their target price on shares of Occidental Petroleum from $69.00 to $72.00 and gave the company an “overweight” rating in a research note on Thursday, April 9th. Zacks Research upgraded shares of Occidental Petroleum from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 31st. Finally, UBS Group upped their target price on shares of Occidental Petroleum from $64.00 to $67.00 and gave the company a “neutral” rating in a research note on Monday, April 13th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $61.35.

Occidental Petroleum Price Performance

NYSE:OXY opened at $56.33 on Tuesday. The stock has a market cap of $55.87 billion, a P/E ratio of 34.99 and a beta of 0.23. Occidental Petroleum has a one year low of $38.72 and a one year high of $67.45. The company has a fifty day moving average price of $56.18 and a 200 day moving average price of $47.15. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.94 and a quick ratio of 0.74.

Occidental Petroleum (NYSE:OXY) last released its earnings results on Wednesday, February 18th. The oil and gas producer reported $0.31 EPS for the quarter, beating the consensus estimate of $0.18 by $0.13. The firm had revenue of $5.11 billion during the quarter, compared to analysts’ expectations of $6.02 billion. Occidental Petroleum had a net margin of 9.14% and a return on equity of 9.89%. The business’s quarterly revenue was down 5.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.80 EPS. Analysts anticipate that Occidental Petroleum will post 3.44 earnings per share for the current year.

Occidental Petroleum Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 10th were paid a $0.26 dividend. The ex-dividend date was Tuesday, March 10th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.8%. This is a positive change from Occidental Petroleum’s previous quarterly dividend of $0.24. Occidental Petroleum’s dividend payout ratio is currently 64.60%.

Hedge Funds Weigh In On Occidental Petroleum

A number of hedge funds have recently made changes to their positions in the business. Lighthouse Investment Partners LLC bought a new position in shares of Occidental Petroleum in the 3rd quarter valued at about $22,345,000. DNB Asset Management AS raised its position in shares of Occidental Petroleum by 100.3% in 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 acquiring an additional 134,128 shares during the period. Swedbank AB acquired a new stake in shares of Occidental Petroleum in the 3rd quarter valued at approximately $35,517,000. Mirabella Financial Services LLP raised its position in shares of 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 valued at $1,394,000 after acquiring an additional 17,958 shares during the period. Finally, Gifford Fong Associates raised its position in shares of 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 valued at $8,100,000 after acquiring an additional 50,000 shares during the period. Institutional investors and hedge funds own 88.70% of the company’s stock.

Key Occidental Petroleum News

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

• Positive Sentiment: Zacks upgraded OXY to a Rank #1 (Strong Buy), driving short‑term optimism about earnings momentum and likely supporting buying interest. All You Need to Know About Occidental (OXY) Rating Upgrade to Strong Buy
• Positive Sentiment: Susquehanna raised its price target to $67 and kept a “positive” rating, signaling ~20% upside from recent levels and giving investors a fresh target for upside. Susquehanna Adjusts Price Target on Occidental Petroleum to $67
• Positive Sentiment: Crude prices jumped on renewed Iran tensions and related shipping developments, lifting oil names including OXY as higher oil boosts producer cash flow and beat expectations for near‑term revenue. Oil Prices Jump As U.S. Seizes Ship, Iran Takes Harder Line; S&P 500 Futures Fall
• Positive Sentiment: Several bullish pieces (Seeking Alpha, Yahoo) are promoting “buy the dip” narratives for OXY, which can attract retail and value investors seeking exposure to the Permian‑anchored producer. Occidental Petroleum – Ignore The Volatility, Buy The Dip
• Neutral Sentiment: A balanced Yahoo piece lists two reasons to like OXY and one to stay skeptical — positive fundamentals and momentum vs. valuation and earnings variability — reinforcing why some buyers are cautious even as they add. 2 Reasons to Like OXY and 1 to Stay Skeptical
• Neutral Sentiment: Broader market commentary (Fundstrat/Tom Lee, 247WallSt) highlights energy as a sector with momentum — a tailwind for OXY but also a source of correlated volatility if macro sentiment flips. Tom Lee Called the Market Bounce With Surgical Precision — These Sectors Have Gas in the Tank
• Negative Sentiment: Citigroup trimmed its price target to $62 (a cut) — a small negative signal that some sell‑side analysts remain cautious on valuation/near‑term risks despite the rally. Citigroup Cuts Occidental Petroleum (NYSE:OXY) Price Target to $62.00

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.