Occidental Petroleum (NYSE:OXY) Given New $49.00 Price Target at JPMorgan Chase & Co.

Occidental Petroleum (NYSE:OXY) had its target price upped by investment analysts at JPMorgan Chase & Co. from $42.00 to $49.00 in a report issued on Friday,MarketScreener reports. The brokerage currently has an “underweight” rating on the oil and gas producer’s stock. JPMorgan Chase & Co.‘s target price points to a potential downside of 5.53% from the stock’s previous close.

OXY has been the topic of a number of other reports. Morgan Stanley lowered their target price on shares of Occidental Petroleum from $51.00 to $50.00 and set an “overweight” rating on the stock in a research report on Friday, January 23rd. Wall Street Zen downgraded Occidental Petroleum from a “hold” rating to a “sell” rating in a report on Sunday, January 11th. Susquehanna raised their price objective on shares of Occidental Petroleum from $51.00 to $60.00 and gave the company a “positive” rating in a research note on Friday. Wells Fargo & Company lifted their price target on shares of Occidental Petroleum from $40.00 to $47.00 and gave the company an “underweight” rating in a research report on Friday. Finally, UBS Group upped their target price on Occidental Petroleum from $43.00 to $49.00 and gave the company a “neutral” rating in a report on Friday. Seven investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and six have issued a Sell rating to the stock. According to data from MarketBeat.com, Occidental Petroleum currently has a consensus rating of “Hold” and a consensus target price of $49.05.

Occidental Petroleum Stock Up 0.7%

NYSE:OXY traded up $0.34 during trading hours on Friday, hitting $51.87. The company’s stock had a trading volume of 16,517,783 shares, compared to its average volume of 11,940,096. The stock has a market capitalization of $51.15 billion, a P/E ratio of 32.22 and a beta of 0.41. The company has a current ratio of 0.94, a quick ratio of 0.71 and a debt-to-equity ratio of 0.73. The stock has a fifty day moving average of $43.48 and a 200-day moving average of $43.63. Occidental Petroleum has a 52-week low of $34.78 and a 52-week high of $52.22.

Occidental Petroleum (NYSE:OXY) last announced its quarterly earnings results on Wednesday, February 18th. The oil and gas producer reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.13. Occidental Petroleum had a return on equity of 9.89% and a net margin of 9.14%.The firm 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 company posted $0.80 earnings per share. The firm’s quarterly revenue was down 5.2% compared to the same quarter last year. On average, equities analysts forecast that Occidental Petroleum will post 3.58 earnings per share for the current year.

Insider Activity at Occidental Petroleum

In other news, Director William R. Klesse acquired 5,000 shares of the business’s stock in a transaction dated Tuesday, December 16th. The stock was acquired at an average price of $38.98 per share, with a total value of $194,900.00. Following the completion of the transaction, the director directly owned 218,913 shares in the company, valued at approximately $8,533,228.74. This represents a 2.34% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.31% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Tevis Investment Management acquired a new stake in shares of Occidental Petroleum in the second quarter valued at about $356,000. Swedbank AB purchased a new stake in shares of Occidental Petroleum during the third quarter valued at approximately $35,517,000. Gifford Fong Associates boosted its stake in shares of Occidental Petroleum by 41.2% in the third quarter. Gifford Fong Associates now owns 171,429 shares of the oil and gas producer’s stock valued at $8,100,000 after purchasing an additional 50,000 shares during the period. Rakuten Investment Management Inc. acquired a new stake in Occidental Petroleum during the 3rd quarter valued at $1,072,000. Finally, Freestone Capital Holdings LLC increased its stake in Occidental Petroleum by 521.0% during the 2nd quarter. Freestone Capital Holdings LLC now owns 46,707 shares of the oil and gas producer’s stock worth $1,962,000 after buying an additional 39,186 shares during the period. Hedge funds and other 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: Board raised the quarterly dividend ~8.3% to $0.26/share (ex-div March 10, payable April 15), which supports income-minded investors and helped lift the stock. Dividend Hike Coverage
• Positive Sentiment: Q4 earnings beat consensus (adjusted EPS $0.31 vs. ~ $0.18–$0.19 est.), with production above guidance and operating cash flow strength; management highlighted ~$5.8B of debt reduction since mid-December after the OxyChem sale — a clear de-leveraging catalyst. Reuters: Q4 Results
• Positive Sentiment: Company launched cash tender offers and consent solicitations to repurchase certain senior notes — active liability management that reduces headline leverage risk. Tender Offers Release
• Neutral Sentiment: Management outlined a lower 2026 capex outlook (~$5.7B), implying improved free cash flow if commodity prices cooperate — a potential long-term positive but dependent on oil markets. QuiverQuant: Guidance & Capex
• Neutral Sentiment: Unusual options activity — a large uptick in call buying — signals heightened speculative interest and short‑term bullish positioning but is not a fundamental guarantee. (Market data)
• Negative Sentiment: Revenue and total sales missed expectations (Q4 revenue below consensus) and year-over-year revenue declined, which tempers the EPS beat and points to margin/price headwinds. Zacks: Revenue Miss
• Negative Sentiment: Analyst views remain mixed — some firms raised price targets but several targets and the median remain below current levels, and at least one shop (Wells Fargo) kept an underweight stance despite bumping its target, adding near-term valuation uncertainty. Benzinga: Analyst Notes

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.