Susquehanna Issues Positive Forecast for Occidental Petroleum (NYSE:OXY) Stock Price

Occidental Petroleum (NYSE:OXY) had its target price upped by stock analysts at Susquehanna from $51.00 to $60.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has a “positive” rating on the oil and gas producer’s stock. Susquehanna’s price objective would suggest a potential upside of 16.36% from the company’s previous close.

A number of other brokerages also recently commented on OXY. UBS Group decreased their target price on Occidental Petroleum from $45.00 to $43.00 and set a “neutral” rating for the company in a report on Friday, December 12th. Wall Street Zen lowered shares of Occidental Petroleum from a “hold” rating to a “sell” rating in a report on Sunday, January 11th. Barclays began coverage on shares of Occidental Petroleum in a research report on Wednesday, January 21st. They set an “equal weight” rating on the stock. Citigroup lowered their price objective on shares of Occidental Petroleum from $49.00 to $45.00 and set a “neutral” rating for the company in a report on Wednesday, November 19th. Finally, TD Cowen upgraded Occidental Petroleum to a “hold” rating in a report on Monday, February 9th. Seven research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $47.90.

Occidental Petroleum Price Performance

Shares of Occidental Petroleum stock opened at $51.57 on Friday. The company’s fifty day simple moving average is $43.26 and its two-hundred day simple moving average is $43.57. Occidental Petroleum has a 12-month low of $34.78 and a 12-month high of $52.58. The firm has a market cap of $50.80 billion, a PE ratio of 32.03 and a beta of 0.41. The company has a quick ratio of 0.71, a current ratio of 0.94 and a debt-to-equity ratio of 0.73.

Occidental Petroleum (NYSE:OXY) last posted its earnings results on Wednesday, February 18th. The oil and gas producer reported $0.31 earnings per share (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 analysts’ expectations of $6.02 billion. Occidental Petroleum had a return on equity of 9.95% and a net margin of 9.14%.Occidental Petroleum’s quarterly revenue was down 5.2% on a year-over-year basis. During the same period last year, the firm earned $0.80 earnings per share. As a group, equities analysts expect that Occidental Petroleum will post 3.58 EPS for the current year.

Insider Activity at Occidental Petroleum

In related news, Director William R. Klesse purchased 5,000 shares of the company’s stock in a transaction dated Tuesday, December 16th. The shares were purchased at an average cost of $38.98 per share, with a total value of $194,900.00. Following the transaction, the director directly owned 218,913 shares in the company, valued at $8,533,228.74. This trade represents a 2.34% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.31% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Occidental Petroleum

Several hedge funds have recently added to or reduced their stakes in the stock. Carrera Capital Advisors grew its stake in Occidental Petroleum by 0.5% in the fourth quarter. Carrera Capital Advisors now owns 44,279 shares of the oil and gas producer’s stock valued at $1,831,000 after purchasing an additional 227 shares in the last quarter. Moody National Bank Trust Division lifted its holdings 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 valued at $735,000 after buying an additional 229 shares during the last quarter. Summit Securities Group LLC grew its stake in shares of Occidental Petroleum by 18.5% in the 4th quarter. Summit Securities Group LLC now owns 1,469 shares of the oil and gas producer’s stock valued at $60,000 after buying an additional 229 shares in the last quarter. Apella Capital LLC increased its holdings in 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 worth $289,000 after buying an additional 233 shares during the last quarter. Finally, Jamison Private Wealth Management Inc. raised its position in Occidental Petroleum by 1.8% during 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 acquiring an additional 249 shares in the last quarter. 88.70% of the stock is owned by institutional investors.

Trending Headlines about Occidental Petroleum

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

• Positive Sentiment: Board raised the quarterly dividend ~8% to $0.26, signaling confidence in cash returns and supporting investor demand. Occidental Petroleum (OXY) Climbs 9% on Dividend Hike
• Positive Sentiment: Management reported production above guidance (production strength cited across coverage), helping adjusted EPS beat consensus despite weaker oil prices. Occidental Petroleum tops quarterly profit estimates on midstream support
• Positive Sentiment: Company highlighted material debt reduction after the OxyChem sale (and reported ~$5.8B of debt paydown), improving leverage metrics and lowering balance‑sheet risk. Occidental Refocuses After US$9.7b OxyChem Sale To Berkshire Hathaway
• Positive Sentiment: Management set a lower 2026 capex outlook (~$5.7B in some reports), implying higher free cash flow potential if commodity prices cooperate — a catalyst for further capital returns. Occidental Petroleum jumps as Q4 results beat expectations and 2026 spending outlook surprises
• Neutral Sentiment: Occidental launched cash tender offers and consent solicitations for certain senior notes — this supports debt reduction but uses cash and may constrain near‑term liquidity flexibility. Occidental Announces Cash Tender Offers and Consent Solicitations for Certain of its Senior Notes and Debentures
• Neutral Sentiment: Unusually heavy call‑option activity was reported, indicating speculative or hedge positioning that can amplify intraday moves but isn’t a fundamental read.
• Negative Sentiment: Revenue metrics were mixed: some releases show revenue missing some consensus figures and GAAP results remain below last year’s comparable quarter — a reminder earnings beat was helped by midstream and cost items, not stronger commodity prices. Occidental Q4 Earnings Beat Estimates, Revenues Miss, Production Up

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.