Occidental Petroleum (NYSE:OXY) Given New $55.00 Price Target at UBS Group

Occidental Petroleum (NYSE:OXY) had its target price hoisted by UBS Group from $49.00 to $55.00 in a research note issued to investors on Thursday morning,Benzinga reports. UBS Group currently has a neutral rating on the oil and gas producer’s stock.

A number of other research firms have also weighed in on OXY. Jefferies Financial Group increased their target price on Occidental Petroleum from $42.00 to $47.00 and gave the stock a “hold” rating in a research note on Monday, February 23rd. Wall Street Zen raised shares of Occidental Petroleum from a “sell” rating to a “hold” rating in a research note on Saturday, February 28th. Argus raised shares of Occidental Petroleum to a “hold” rating in a research report on Friday, February 27th. Susquehanna raised their target price on shares of Occidental Petroleum from $51.00 to $60.00 and gave the stock a “positive” rating in a research report on Friday, February 20th. Finally, The Goldman Sachs Group lowered their price target on Occidental Petroleum from $43.00 to $41.00 and set a “sell” rating for the company in a report on Thursday, January 22nd. Seven research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $51.24.

Occidental Petroleum Stock Performance

Shares of NYSE:OXY opened at $53.27 on Thursday. The company has a current ratio of 0.94, a quick ratio of 0.74 and a debt-to-equity ratio of 0.73. Occidental Petroleum has a 12 month low of $34.78 and a 12 month high of $56.34. The company has a market capitalization of $52.54 billion, a price-to-earnings ratio of 33.09 and a beta of 0.34. The firm’s 50-day moving average is $45.77 and its 200 day moving average is $44.18.

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

Occidental Petroleum Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 10th will be issued a dividend of $0.26 per share. 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. This represents a $1.04 annualized dividend and a yield of 2.0%. Occidental Petroleum’s dividend payout ratio is 59.63%.

Insiders Place Their Bets

In related news, Director William R. Klesse bought 5,000 shares of the company’s stock in a transaction on Tuesday, December 16th. The shares were acquired at an average price of $38.98 per share, with a total value of $194,900.00. Following the transaction, the director owned 218,913 shares of the company’s stock, valued at $8,533,228.74. The trade was a 2.34% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.31% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Occidental Petroleum

A number of institutional investors have recently added to or reduced their stakes in OXY. Vanguard Group Inc. raised its holdings in Occidental Petroleum by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 89,900,677 shares of the oil and gas producer’s stock worth $3,696,716,000 after purchasing an additional 699,137 shares in the last quarter. State Street Corp raised its stake in shares of Occidental Petroleum by 2.1% during the 4th quarter. State Street Corp now owns 39,539,743 shares of the oil and gas producer’s stock worth $1,635,263,000 after acquiring an additional 828,848 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Occidental Petroleum by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 18,846,231 shares of the oil and gas producer’s stock worth $771,949,000 after acquiring an additional 167,518 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Occidental Petroleum by 21.6% during the fourth 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 acquiring an additional 1,883,721 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in Occidental Petroleum by 18.9% in the fourth quarter. Invesco Ltd. now owns 6,730,847 shares of the oil and gas producer’s stock valued at $276,772,000 after acquiring an additional 1,071,948 shares in the last quarter. Institutional investors own 88.70% of the company’s stock.

Trending Headlines about Occidental Petroleum

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

• Positive Sentiment: Occidental announced early results for its multi‑series cash tender offers and increased the aggregate cap of notes it will accept from $700M to $1.2B, signaling active liability management that can reduce near‑term interest burdens and improve leverage. Article Title
• Positive Sentiment: Follow‑up disclosure of the total consideration for those tender offers/consent solicitations clarifies expected cash outflows and consent economics for noteholders — an important governance/credit event that reduces uncertainty around the execution of the buybacks. Article Title
• Positive Sentiment: Geopolitical-driven oil price strength (tanker/Strait of Hormuz concerns) has materially supported E&P earnings expectations and sent OXY shares higher year-to-date; coverage highlights the stock’s leverage to higher crude and recent multi‑year highs. Article Title
• Positive Sentiment: Warren Buffett’s large (≈29%) stake continues to provide a structural confidence boost for investors and is repeatedly cited as a reason retail and institutional investors are comfortable holding OXY through volatility. Article Title
• Positive Sentiment: Market commentary (MarketBeat) frames Occidental’s strategic moves — including the OxyChem sale and the Buffett “backstop” — as de‑risking the company and increasing upside potential if oil stays firm. Article Title
• Neutral Sentiment: Analysts at UBS and Piper Sandler raised price targets (to $55 and $54, respectively) but kept “neutral” ratings — a modest endorsement that narrows upside expectations without moving consensus to a buy. Article Title
• Neutral Sentiment: Occidental filed and disclosed the specific consideration payable under the tender/consent solicitations (procedural credit disclosure). This increases transparency but is largely an execution detail rather than a new strategic shift. Article Title
• Negative Sentiment: News that Iranian officials have contacted U.S. counterparts briefly trimmed gains for major oil names (including OXY), underscoring the stock’s sensitivity to headlines that suggest diplomatic de‑escalation and lower risk premia. Expect headline-driven intraday swings. Article Title

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.