Occidental Petroleum (NYSE:OXY) Now Covered by Truist Financial

Truist Financial assumed coverage on shares of Occidental Petroleum (NYSE:OXY) in a report released on Tuesday, MarketBeat Ratings reports. The firm issued a hold rating and a $65.00 target price on the oil and gas producer’s stock.

A number of other equities research analysts have also recently issued reports on the stock. Jefferies Financial Group upped their price objective on shares of Occidental Petroleum from $42.00 to $47.00 and gave the stock a “hold” rating in a report on Monday, February 23rd. Mizuho boosted their price target on Occidental Petroleum from $67.00 to $72.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 17th. Wolfe Research decreased their price target on Occidental Petroleum from $55.00 to $54.00 and set an “outperform” rating for the company in a research note on Wednesday, January 21st. BMO Capital Markets raised their price objective on Occidental Petroleum from $48.00 to $60.00 and gave the company a “market perform” rating in a research note on Monday, February 23rd. Finally, Roth Mkm boosted their target price on Occidental Petroleum from $39.00 to $45.00 and gave the stock a “neutral” rating in a report on Friday, February 20th. Nine equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $55.59.

Occidental Petroleum Price Performance

NYSE OXY opened at $61.18 on Tuesday. 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 capitalization of $60.67 billion, a PE ratio of 38.00 and a beta of 0.34. Occidental Petroleum has a 12-month low of $34.78 and a 12-month high of $62.11. The company has a 50 day moving average price of $49.92 and a two-hundred day moving average price of $45.21.

Occidental Petroleum (NYSE:OXY) last announced its quarterly earnings results on Wednesday, February 18th. The oil and gas producer reported $0.31 EPS for the quarter, topping the consensus estimate of $0.18 by $0.13. The company had revenue of $5.11 billion for the quarter, compared to analyst estimates of $6.02 billion. Occidental Petroleum had a net margin of 9.14% and a return on equity of 9.89%. Occidental Petroleum’s quarterly revenue was down 5.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.80 EPS. As a group, equities analysts predict that Occidental Petroleum will post 3.58 earnings per share for the current fiscal year.

Occidental Petroleum Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 10th will be given a $0.26 dividend. This is an increase from Occidental Petroleum’s previous quarterly dividend of $0.24. This represents a $1.04 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Tuesday, March 10th. Occidental Petroleum’s dividend payout ratio (DPR) is 64.60%.

Institutional Trading of Occidental Petroleum

Hedge funds have recently added to or reduced their stakes in the business. Caitlin John LLC bought a new position in Occidental Petroleum in the 4th quarter worth approximately $29,000. Activest Wealth Management boosted its position in shares of Occidental Petroleum by 68.5% in the fourth quarter. Activest Wealth Management now owns 750 shares of the oil and gas producer’s stock valued at $31,000 after acquiring an additional 305 shares during the period. Rossby Financial LCC grew its stake in shares of Occidental Petroleum by 155.0% in the fourth quarter. Rossby Financial LCC now owns 765 shares of the oil and gas producer’s stock worth $31,000 after acquiring an additional 465 shares during the last quarter. City Holding Co. increased its position in Occidental Petroleum by 250.0% during the third quarter. City Holding Co. now owns 700 shares of the oil and gas producer’s stock worth $33,000 after acquiring an additional 500 shares during the period. Finally, Binnacle Investments Inc bought a new position in Occidental Petroleum during the third quarter worth $35,000. Institutional investors own 88.70% of the company’s stock.

Occidental Petroleum News Summary

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

• Positive Sentiment: Analyst / comparison pieces argue OXY stands to benefit more than some Permian peers from oil-price spikes due to limited hedging (boosting near-term cash flow) and stronger earnings revisions — a structural reason for relative outperformance. DVN vs. OXY: Which Permian Stock Benefits More From Oil Price Spikes?
• Positive Sentiment: JPMorgan/other broker activity: recent upgrade/newsflow (reported 3/23) and coverage comparisons have supported investor interest and momentum in OXY. Occidental Petroleum Upgraded at JPMorgan Chase & Co.
• Positive Sentiment: Macro headlines (reported pre-market) — constructive U.S.-Iran diplomatic comments — lifted crude futures and oil-linked names, providing a tailwind to OXY shares. Pre-Market Turns Green
• Positive Sentiment: Market commentary and screens are including OXY among oil stocks with outsized upside potential amid the recent crude rally, which can attract momentum and thematic inflows. 3 Oil Stocks Set to Deliver 50%+ Returns in 2026
• Neutral Sentiment: Truist initiated coverage with a “Hold” and $65 price target (modest upside vs. the current level) — a neutral signal that may cap short-term upside until clearer catalysts emerge. Benzinga Coverage Note
• Neutral Sentiment: Several articles ask whether the recent run makes OXY fully valued now; these pieces can temper new-money flows even as momentum remains. Is It Too Late To Consider Occidental Petroleum?
• Negative Sentiment: Company fundamentals to watch: last reported quarter beat EPS but missed revenue and year-over-year revenue was down; those execution/volume signals could restrain valuation if higher oil prices don’t translate into sustainable top-line growth. (Quarterly details reported Feb 18.)

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.