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

Occidental Petroleum (NYSE:OXY) had its price objective hoisted by analysts at Scotiabank from $46.00 to $57.00 in a report released on Wednesday,Benzinga reports. The firm presently has a “sector perform” rating on the oil and gas producer’s stock. Scotiabank’s target price would indicate a potential downside of 1.45% from the stock’s previous close.

A number of other brokerages also recently issued reports on OXY. Bank of America upped their price objective on Occidental Petroleum from $44.00 to $45.00 in a research note on Tuesday, January 27th. Roth Mkm upped their price objective on Occidental Petroleum from $45.00 to $55.00 and gave the company a “neutral” rating in a research note on Wednesday, April 15th. Weiss Ratings upgraded Occidental Petroleum from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, March 9th. BMO Capital Markets upped their price objective on Occidental Petroleum from $60.00 to $65.00 and gave the company a “market perform” rating in a research note on Tuesday, April 7th. Finally, Truist Financial initiated coverage on shares of Occidental Petroleum in a research report on Tuesday, March 24th. They set a “hold” rating and a $65.00 target price for the company. One research 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 issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $61.83.

Occidental Petroleum Trading Up 1.4%

Shares of OXY stock opened at $57.84 on Wednesday. Occidental Petroleum has a 52-week low of $38.72 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 $56.62 and a two-hundred day simple moving average of $47.29. The company has a market capitalization of $57.36 billion, a price-to-earnings ratio of 35.93 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. The business had revenue of $5.11 billion during the quarter, compared to the consensus estimate of $6.02 billion. Occidental Petroleum had a net margin of 9.14% and a return on equity of 9.89%. The firm’s quarterly revenue was down 5.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.80 EPS. Research analysts anticipate that Occidental Petroleum will post 4.01 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its holdings in 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 worth $436,008,000 after buying an additional 1,883,721 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in 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 worth $162,820,000 after buying an additional 1,393,638 shares during the period. Wellington Management Group LLP boosted its holdings in 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 worth $70,580,000 after buying an additional 1,361,541 shares during the period. Invesco Ltd. boosted its holdings in 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 worth $276,772,000 after buying an additional 1,071,948 shares during the period. Finally, AQR Capital Management LLC boosted its holdings in 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 worth $85,798,000 after buying an additional 1,040,941 shares during the period. Institutional investors own 88.70% of the company’s stock.

Trending Headlines about Occidental Petroleum

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

• Positive Sentiment: Susquehanna upgraded its outlook and forecasted strong price appreciation for OXY, citing momentum in oil and improving fundamentals that support upside potential. Article Title
• Positive Sentiment: Warren Buffett remains bullish on Occidental (longtime large shareholder), which continues to be viewed as a vote of confidence for investors concerned about oil sensitivity and capital allocation. Article Title
• Positive Sentiment: Media coverage highlights that OXY has surged this year (roughly 38% in 2026) as rising oil prices have driven revenue and sentiment — a key near-term driver for the stock. Article Title
• Positive Sentiment: Zacks notes OXY’s 2026 EPS estimate has risen, suggesting analysts are raising earnings outlooks which can support higher multiples. Article Title
• Neutral Sentiment: Scotiabank raised its price target on OXY from $46 to $57 but kept a “sector perform” rating — the PT is roughly in line with the stock’s current level, so the move is mixed for near-term direction. Article Title
• Neutral Sentiment: Zacks/Yahoo pieces flag OXY as a trending/closely watched energy name and discuss Earnings ESP screens for potential surprises — increased attention can boost liquidity but is not a guarantee of further gains. Article Title
• Negative Sentiment: Comparisons with ConocoPhillips highlight that COP currently posts stronger ROE, lower leverage and a higher yield, which could make investors prefer COP over OXY on certain valuation or risk metrics. Article Title

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.