Occidental Petroleum (NYSE:OXY) Rating Lowered to Strong Sell at Zacks Research

Occidental Petroleum (NYSE:OXY) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Monday,Zacks.com reports. Zacks Research also issued estimates for Occidental Petroleum’s Q1 2026 earnings at $0.31 EPS, Q2 2026 earnings at $0.24 EPS, Q3 2026 earnings at $0.32 EPS, Q4 2026 earnings at $0.27 EPS, FY2026 earnings at $1.14 EPS, Q2 2027 earnings at $0.27 EPS, Q3 2027 earnings at $0.53 EPS, Q4 2027 earnings at $0.34 EPS and FY2027 earnings at $1.58 EPS.

Several other brokerages also recently issued reports on OXY. Wall Street Zen cut shares of Occidental Petroleum from a “hold” rating to a “sell” rating in a research report on Sunday, January 11th. Bank of America reduced their target price on shares of Occidental Petroleum from $45.00 to $44.00 and set a “neutral” rating for the company in a report on Thursday, December 11th. Barclays initiated coverage on shares of Occidental Petroleum in a research report on Wednesday, January 21st. They set an “equal weight” rating for the company. Susquehanna reduced their price target on Occidental Petroleum from $55.00 to $51.00 and set a “positive” rating for the company in a research note on Monday. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $50.00 price objective on shares of Occidental Petroleum in a report on Tuesday, November 25th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eleven have assigned a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $47.43.

Occidental Petroleum Stock Performance

Occidental Petroleum stock traded up $0.24 during midday trading on Monday, reaching $44.79. 4,311,789 shares of the company’s stock were exchanged, compared to its average volume of 11,414,913. The stock’s 50-day simple moving average is $41.75 and its 200 day simple moving average is $43.31. The firm has a market cap of $44.13 billion, a price-to-earnings ratio of 33.04 and a beta of 0.38. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.71 and a current ratio of 0.94. Occidental Petroleum has a 52 week low of $34.78 and a 52 week high of $52.58.

Occidental Petroleum (NYSE:OXY) last released its quarterly earnings data on Monday, November 10th. The oil and gas producer reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.16. Occidental Petroleum had a return on equity of 12.35% and a net margin of 7.81%.The firm had revenue of $6.62 billion for the quarter, compared to analyst estimates of $6.66 billion. During the same quarter in the prior year, the company earned $1.00 earnings per share. The business’s revenue for the quarter was down 6.1% compared to the same quarter last year. On average, analysts expect that Occidental Petroleum will post 3.58 earnings per share for the current fiscal year.

Insider Activity

In other Occidental Petroleum news, Director William R. Klesse purchased 5,000 shares of the firm’s stock in a transaction dated Tuesday, December 16th. The shares were bought at an average price of $38.98 per share, for a total transaction of $194,900.00. Following the purchase, the director owned 218,913 shares in the company, valued at approximately $8,533,228.74. This trade represents a 2.34% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.49% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. M&T Bank Corp lifted its holdings in shares of Occidental Petroleum by 875.7% in the fourth quarter. M&T Bank Corp now owns 369,217 shares of the oil and gas producer’s stock worth $15,182,000 after acquiring an additional 331,375 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in Occidental Petroleum by 32.6% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 283,590 shares of the oil and gas producer’s stock valued at $11,821,000 after purchasing an additional 69,779 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd boosted its position in Occidental Petroleum by 7.2% in the fourth quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 12,790 shares of the oil and gas producer’s stock valued at $517,000 after buying an additional 854 shares in the last quarter. Jeppson Wealth Management LLC grew its stake in shares of Occidental Petroleum by 14.2% during the fourth quarter. Jeppson Wealth Management LLC now owns 35,034 shares of the oil and gas producer’s stock worth $1,441,000 after buying an additional 4,365 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Occidental Petroleum by 0.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 357,109 shares of the oil and gas producer’s stock worth $14,684,000 after buying an additional 3,319 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: Piper Sandler raised its price target to $47 (from $46) and keeps a neutral rating, signaling modest upside relative to the current price. Benzinga
• Positive Sentiment: Susquehanna trimmed its target from $55 to $51 but retained a positive rating — the revised target still implies meaningful upside from current levels. Benzinga
• Neutral Sentiment: Feature piece noting OXY’s long?term performance (129% total return over five years) — useful context for longer?term investors but not an immediate catalyst. Yahoo Finance
• Neutral Sentiment: Zacks highlights increased investor search interest in OXY — indicates attention/flow but not a directional earnings or rating change. Zacks.com
• Negative Sentiment: Zacks Research formally downgraded OXY to a “Strong Sell” and cut multiple quarterly and full?year EPS forecasts for 2026–2027 (notable downward revisions to Q1–Q4 2026 and FY2026/FY2027). Those cuts reduce near?term earnings visibility and are a key negative driver for the stock. Zacks.com
• Negative Sentiment: Independent coverage notes Susquehanna has lowered expectations for OXY’s price path — another sign that some sell?side forecasts are being trimmed, which can cap upside until clarity on earnings and oil price drivers improves. AmericanBankingNews

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.