Occidental Petroleum Corporation (NYSE:OXY) Given Average Recommendation of “Hold” by Analysts

Occidental Petroleum Corporation (NYSE:OXY) has received an average rating of “Hold” from the twenty-six research firms that are covering the firm, MarketBeat Ratings reports. Sixteen investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $64.1739.

Several equities research analysts recently weighed in on OXY shares. Roth Capital lifted their price target on Occidental Petroleum from $45.00 to $55.00 and gave the company a “neutral” rating in a research report on Wednesday, April 15th. Raymond James Financial raised their price objective on Occidental Petroleum from $64.00 to $75.00 and gave the company an “outperform” rating in a research report on Monday, May 4th. Scotiabank upped their target price on shares of Occidental Petroleum from $46.00 to $57.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 22nd. Stephens decreased their price target on shares of Occidental Petroleum from $73.00 to $69.00 and set an “overweight” rating for the company in a research note on Tuesday, July 14th. Finally, Zacks Research cut shares of Occidental Petroleum from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 22nd.

Occidental Petroleum Price Performance

OXY stock opened at $53.80 on Thursday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.21 and a quick ratio of 1.01. Occidental Petroleum has a 1 year low of $38.80 and a 1 year high of $67.45. The firm has a 50-day moving average of $54.25 and a 200 day moving average of $54.29. The company has a market cap of $53.52 billion, a P/E ratio of 13.55, a PEG ratio of 0.81 and a beta of 0.15.

Occidental Petroleum (NYSE:OXY) last posted its quarterly earnings data on Wednesday, August 5th. The oil and gas producer reported $2.40 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.57. Occidental Petroleum had a return on equity of 9.65% and a net margin of 19.98%.The business had revenue of $8.06 billion for the quarter, compared to analysts’ expectations of $7.07 billion. During the same period in the previous year, the firm posted $0.39 EPS. The business’s revenue was up 53.4% on a year-over-year basis. On average, sell-side analysts forecast that Occidental Petroleum will post 5.35 EPS for the current year.

More Occidental Petroleum News

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

• Positive Sentiment: Q2 results significantly exceeded expectations. Occidental reported adjusted earnings of $2.40 per share, above consensus estimates ranging from $1.83 to $1.92 and up sharply from $0.39 a year earlier. Revenue increased roughly 52%–53% year over year to approximately $8.07 billion, also topping expectations. Occidental Petroleum Q2 Earnings and Revenues Top Estimates
• Positive Sentiment: The earnings growth was supported by stronger operating performance, while analysts had highlighted debt reduction and cash flow generation as potential catalysts ahead of the report. Occidental posted a 19.98% net margin and 9.65% return on equity. Occidental Petroleum Reports Upbeat Q2
• Neutral Sentiment: Management announced the results after the market close and scheduled a conference call for August 6. Investors may look for additional details on production, cash flow, debt repayment and the outlook. Occidental Announces Second Quarter 2026 Results
• Negative Sentiment: Falling oil prices pressured the stock. Reports linked the decline in crude prices to US-Iran peace-talk developments, raising concerns that lower commodity prices could reduce Occidental’s future revenue and cash flow. Occidental Petroleum in Focus as Oil Slides on US-Iran Peace Talks
• Negative Sentiment: Despite the earnings beat, analysts cautioned that commodity volatility and a relatively premium valuation could limit further upside. A recent pullback may reflect investor concerns about the company’s longer-term fundamentals rather than a lack of quarterly execution. Occidental Petroleum Set to Report Q2 Earnings

Insider Activity

In other Occidental Petroleum news, CEO Richard A. Jackson bought 4,770 shares of the stock in a transaction dated Tuesday, June 23rd. The stock was purchased at an average cost of $52.38 per share, for a total transaction of $249,852.60. Following the completion of the acquisition, the chief executive officer owned 444,098 shares of the company’s stock, valued at approximately $23,261,853.24. This trade represents a 1.09% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.50% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted 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 acquiring an additional 699,137 shares in the last quarter. State Street Corp increased its holdings in shares of Occidental Petroleum by 2.1% during the fourth quarter. State Street Corp now owns 39,539,743 shares of the oil and gas producer’s stock valued at $1,635,263,000 after acquiring an additional 828,848 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Occidental Petroleum by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 18,846,231 shares of the oil and gas producer’s stock valued at $771,949,000 after acquiring an additional 167,518 shares in the last quarter. Dimensional Fund Advisors LP raised its position 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 worth $436,008,000 after purchasing an additional 1,883,721 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in Occidental Petroleum by 18.9% in the 4th quarter. Invesco Ltd. now owns 6,730,847 shares of the oil and gas producer’s stock worth $276,772,000 after purchasing an additional 1,071,948 shares in the last quarter. Institutional investors own 88.70% of the company’s stock.

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.