Occidental Petroleum (NYSE:OXY) Price Target Raised to $55.00 at Barclays

Occidental Petroleum (NYSE:OXY) had its price target hoisted by Barclays from $50.00 to $55.00 in a research report report published on Monday,Benzinga reports. Barclays currently has an equal weight rating on the oil and gas producer’s stock.

OXY has been the topic of several other research reports. Scotiabank decreased their price target on Occidental Petroleum from $47.00 to $46.00 and set a “sector perform” rating on the stock in a research note on Friday, January 16th. Raymond James Financial reaffirmed an “outperform” rating and set a $50.00 price objective on shares of Occidental Petroleum in a report on Tuesday, November 25th. JPMorgan Chase & Co. upped their target price on Occidental Petroleum from $42.00 to $49.00 and gave the company an “underweight” rating in a report on Friday. UBS Group raised their price target on Occidental Petroleum from $43.00 to $49.00 and gave the company a “neutral” rating in a research report on Friday. Finally, Wall Street Zen lowered shares of Occidental Petroleum from a “hold” rating to a “sell” rating in a research report on Sunday, January 11th. Seven analysts have rated the stock with a Buy rating, ten have issued a Hold rating and six have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Occidental Petroleum currently has a consensus rating of “Hold” and an average price target of $49.95.

Occidental Petroleum Stock Performance

NYSE:OXY opened at $52.38 on Monday. The firm’s fifty day simple moving average is $43.72 and its 200-day simple moving average is $43.70. The company has a quick ratio of 0.74, a current ratio of 0.94 and a debt-to-equity ratio of 0.73. The stock has a market cap of $51.66 billion, a PE ratio of 32.54 and a beta of 0.41. Occidental Petroleum has a fifty-two week low of $34.78 and a fifty-two week high of $53.33.

Occidental Petroleum (NYSE:OXY) last released 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 net margin of 9.14% and a return on equity of 9.89%. The firm had revenue of $5.11 billion for the quarter, compared to the consensus estimate of $6.02 billion. During the same quarter in the previous year, the firm earned $0.80 earnings per share. The firm’s revenue was down 5.2% on a year-over-year basis. Analysts expect that Occidental Petroleum will post 3.58 earnings per share for the current fiscal year.

Occidental Petroleum Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 10th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Tuesday, March 10th. This is a positive change from Occidental Petroleum’s previous quarterly dividend of $0.24. Occidental Petroleum’s dividend payout ratio is presently 59.63%.

Insider Transactions at Occidental Petroleum

In other news, Director William R. Klesse purchased 5,000 shares of the firm’s stock in a transaction on Tuesday, December 16th. The shares were bought at an average cost of $38.98 per share, with a total value of $194,900.00. Following the purchase, the director directly owned 218,913 shares of the company’s stock, valued at approximately $8,533,228.74. This trade represents a 2.34% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.49% of the company’s stock.

Hedge Funds Weigh In On Occidental Petroleum

Institutional investors and hedge funds have recently modified their holdings of the company. Carrera Capital Advisors grew its stake in Occidental Petroleum by 0.5% in the 4th quarter. Carrera Capital Advisors now owns 44,279 shares of the oil and gas producer’s stock worth $1,831,000 after acquiring an additional 227 shares during the period. Moody National Bank Trust Division lifted its stake in shares of Occidental Petroleum by 1.5% during the 3rd quarter. Moody National Bank Trust Division now owns 15,555 shares of the oil and gas producer’s stock worth $735,000 after purchasing an additional 229 shares during the period. Summit Securities Group LLC boosted its holdings in shares of Occidental Petroleum by 18.5% during the fourth quarter. Summit Securities Group LLC now owns 1,469 shares of the oil and gas producer’s stock worth $60,000 after purchasing an additional 229 shares during the last quarter. Apella Capital LLC grew its position in shares of Occidental Petroleum by 3.4% in the fourth quarter. Apella Capital LLC now owns 7,019 shares of the oil and gas producer’s stock valued at $289,000 after purchasing an additional 233 shares during the period. Finally, Jamison Private Wealth Management Inc. increased its stake in Occidental Petroleum by 1.8% in the fourth quarter. Jamison Private Wealth Management Inc. now owns 13,934 shares of the oil and gas producer’s stock valued at $573,000 after purchasing an additional 249 shares during the last quarter. Hedge funds and other institutional investors own 88.70% of the company’s stock.

Occidental Petroleum News Roundup

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

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.