Occidental Petroleum Corporation (NYSE:OXY) Receives Average Recommendation of “Hold” from Analysts

Occidental Petroleum Corporation (NYSE:OXY) has earned an average recommendation of “Hold” from the twenty-six ratings firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, fifteen have given a hold recommendation, nine have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $63.7391.

Several analysts recently issued reports on the stock. HSBC upped their price objective on shares of Occidental Petroleum from $59.00 to $68.00 and gave the company a “buy” rating in a research note on Friday, March 20th. Argus raised shares of Occidental Petroleum to a “hold” rating in a research note on Friday, February 27th. Piper Sandler raised shares of Occidental Petroleum from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $54.00 to $66.00 in a research note on Thursday, March 12th. Wall Street Zen raised shares of Occidental Petroleum from a “sell” rating to a “hold” rating in a research note on Saturday, February 28th. Finally, Scotiabank upped their price objective on shares of Occidental Petroleum from $46.00 to $57.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 22nd.

Institutional Trading of Occidental Petroleum

Several hedge funds have recently made changes to their positions in OXY. Dimensional Fund Advisors LP grew its stake in shares of 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 valued at $436,008,000 after buying an additional 1,883,721 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Occidental Petroleum by 44.6% in the 1st quarter. Bank of New York Mellon Corp now owns 5,761,082 shares of the oil and gas producer’s stock valued at $374,470,000 after buying an additional 1,776,922 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of 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 valued at $162,820,000 after buying an additional 1,393,638 shares during the period. Wellington Management Group LLP grew its stake in shares of 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 valued at $70,580,000 after buying an additional 1,361,541 shares during the period. Finally, Sei Investments Co. grew its stake in shares of Occidental Petroleum by 247.0% in the 1st quarter. Sei Investments Co. now owns 1,734,052 shares of the oil and gas producer’s stock valued at $112,719,000 after buying an additional 1,234,350 shares during the period. Hedge funds and other institutional investors own 88.70% of the company’s stock.

Key Headlines Impacting Occidental Petroleum

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

• Positive Sentiment: Barclays upgraded Occidental Petroleum (OXY), and Capital One Financial raised its price target to $70 from $67, signaling improved Wall Street sentiment and suggesting meaningful upside from recent trading levels. MarketScreener
• Positive Sentiment: Several articles highlight a potentially higher-upside growth path for OXY, including its long-term bet with ExxonMobil and a focus on oil, LNG, and low-carbon initiatives that could improve earnings power over time. Article
• Positive Sentiment: Analyst-focused coverage comparing OXY with TotalEnergies points to Occidental’s earnings revisions, ROE, debt profile, and dividend setup as key factors supporting the investment case. Article
• Neutral Sentiment: Broader market commentary notes that analysts are revising 2026 S&P 500 profit estimates higher for some companies, but the impact on OXY is indirect and not clearly company-specific. Article
• Negative Sentiment: Energy stocks were also under pressure in broader trading, which can drag on Occidental Petroleum even when company-specific news is constructive. Article

Occidental Petroleum Stock Down 1.2%

OXY opened at $56.64 on Friday. Occidental Petroleum has a twelve month low of $38.80 and a twelve month high of $67.45. The company has a quick ratio of 1.01, a current ratio of 1.21 and a debt-to-equity ratio of 0.49. The company has a 50-day moving average price of $58.89 and a 200 day moving average price of $49.97. The company has a market cap of $56.34 billion, a PE ratio of 14.27 and a beta of 0.17.

Occidental Petroleum (NYSE:OXY) last announced its quarterly earnings data on Tuesday, May 5th. The oil and gas producer reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.46. Occidental Petroleum had a net margin of 19.98% and a return on equity of 9.65%. The company had revenue of $5.11 billion during the quarter, compared to analysts’ expectations of $5.44 billion. During the same quarter in the prior year, the company earned $0.14 EPS. Occidental Petroleum’s revenue was down 8.3% compared to the same quarter last year. Sell-side analysts expect that Occidental Petroleum will post 5.33 earnings per share for the current fiscal year.

Occidental Petroleum Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, June 10th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $1.04 annualized dividend and a dividend yield of 1.8%. Occidental Petroleum’s dividend payout ratio is 26.20%.

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.