Occidental Petroleum (NYSE:OXY) Sets New 52-Week High on Analyst Upgrade

Shares of Occidental Petroleum Corporation (NYSE:OXY) reached a new 52-week high during mid-day trading on Monday after BMO Capital Markets raised their price target on the stock from $48.00 to $60.00. BMO Capital Markets currently has a market perform rating on the stock. Occidental Petroleum traded as high as $53.33 and last traded at $53.0020, with a volume of 2556707 shares trading hands. The stock had previously closed at $51.84.

Several other equities research analysts have also recently issued reports on OXY. Citigroup decreased their price objective on Occidental Petroleum from $49.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday, November 19th. Wells Fargo & Company increased their target price on Occidental Petroleum from $40.00 to $47.00 and gave the stock an “underweight” rating in a research report on Friday. Susquehanna raised their price target on Occidental Petroleum from $51.00 to $60.00 and gave the stock a “positive” rating in a research note on Friday. Bank of America upped their price objective on shares of Occidental Petroleum from $44.00 to $45.00 in a research note on Tuesday, January 27th. Finally, HSBC increased their price objective on shares of Occidental Petroleum from $54.00 to $59.00 and gave the stock a “buy” rating in a report on Friday. Seven investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and six have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Occidental Petroleum presently has a consensus rating of “Hold” and an average price target of $49.95.

Insider Activity

In other Occidental Petroleum news, Director William R. Klesse acquired 5,000 shares of the firm’s stock in a transaction on Tuesday, December 16th. The stock was bought at an average cost of $38.98 per share, for a total transaction of $194,900.00. Following the completion of the purchase, the director directly owned 218,913 shares in the company, valued at $8,533,228.74. This represents a 2.34% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.49% of the company’s stock.

Key Stories Impacting Occidental Petroleum

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

• Positive Sentiment: Q4 results and market reaction — OXY’s recent quarterly report and commentary prompted a strong rally (shares were among the top energy winners the week after the release), driven by an EPS beat and management actions that signaled improving cash generation and capital allocation. Occidental Petroleum (OXY) Gains Following Q4 2025 Report
• Positive Sentiment: Dividend increase and debt reduction plan — management raised the quarterly dividend by over 8% to $0.26 and launched cash tender offers and other debt-paydown steps funded by the sale of OxyChem, which supports income-oriented investors and lowers leverage risk. Occidental Petroleum (OXY) Boosts Dividend and Cuts Debt After OxyChem Sale
• Positive Sentiment: Analyst price-target lifts — multiple firms have raised OXY targets in recent days (including a notable lift to $60 at some outlets and higher marks from other shops), which can validate the rally and attract momentum-driven flows. Occidental Petroleum (NYSE:OXY) Price Target Raised to $60.00
• Neutral Sentiment: Increased investor attention — screens and retail interest (Zacks and other outlets highlighting OXY as a widely searched/covered name) can amplify intraday volume and volatility but don’t change fundamentals by themselves. Occidental Petroleum Corporation (OXY) is Attracting Investor Attention
• Negative Sentiment: Top-line weakness — revenue missed some consensus figures and was down year-over-year, a reminder that commodity and production swings still pressure sales even as margins improve; this limits how bullish investors can be on valuation expansion. Occidental Petroleum (OXY) Gains Following Q4 2025 Report
• Negative Sentiment: Berkshire/dividend overhang and valuation cautions — some analysts note improving fundamentals but see OXY as fairly valued given overhangs (e.g., large existing shareholder dynamics and dividend expectations), which could cap upside and keep the stock prone to analyst skepticism. Occidental Petroleum: Strengthening Fundamentals but Fairly Valued

Institutional Trading of Occidental Petroleum

A number of institutional investors have recently added to or reduced their stakes in the business. Invesco Ltd. lifted its stake in shares of Occidental Petroleum by 18.9% during the fourth quarter. Invesco Ltd. now owns 6,730,847 shares of the oil and gas producer’s stock worth $276,772,000 after purchasing an additional 1,071,948 shares in the last quarter. Caitlin John LLC purchased a new stake in shares of Occidental Petroleum during the 4th quarter valued at about $29,000. Delta Global Management LP lifted its position in Occidental Petroleum by 9.2% during the 4th quarter. Delta Global Management LP now owns 59,230 shares of the oil and gas producer’s stock worth $2,436,000 after acquiring an additional 5,000 shares in the last quarter. EP Wealth Advisors LLC purchased a new position in Occidental Petroleum in the 4th quarter worth approximately $956,000. Finally, Mackenzie Financial Corp boosted its holdings in Occidental Petroleum by 159.2% in the 4th quarter. Mackenzie Financial Corp now owns 105,052 shares of the oil and gas producer’s stock worth $4,347,000 after acquiring an additional 64,527 shares during the period. 88.70% of the stock is owned by hedge funds and other institutional investors.

Occidental Petroleum Price Performance

The company has a market cap of $51.66 billion, a price-to-earnings ratio of 32.54 and a beta of 0.41. The company’s 50-day simple moving average is $43.72 and its 200-day simple moving average is $43.70. 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 announced its earnings results on Wednesday, February 18th. The oil and gas producer reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.13. Occidental Petroleum had a net margin of 9.14% and a return on equity of 9.89%. The business had revenue of $5.11 billion during the quarter, compared to the consensus estimate of $6.02 billion. During the same period in the prior year, the firm earned $0.80 earnings per share. The business’s quarterly revenue was down 5.2% compared to the same quarter last year. On average, equities research analysts anticipate that Occidental Petroleum Corporation will post 3.58 EPS for the current 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 paid a dividend of $0.26 per share. This is a boost from Occidental Petroleum’s previous quarterly dividend of $0.24. This represents a $1.04 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Tuesday, March 10th. Occidental Petroleum’s payout ratio is 59.63%.

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.