Piper Sandler Forecasts Strong Price Appreciation for Occidental Petroleum (NYSE:OXY) Stock

Occidental Petroleum (NYSE:OXY) had its target price upped by Piper Sandler from $46.00 to $47.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the oil and gas producer’s stock. Piper Sandler’s target price points to a potential upside of 4.51% from the stock’s previous close.

A number of other brokerages also recently commented on OXY. Wells Fargo & Company cut their price objective on shares of Occidental Petroleum from $42.00 to $40.00 and set an “underweight” rating for the company in a research report on Wednesday, November 12th. Barclays assumed coverage on shares of Occidental Petroleum in a report on Wednesday, January 21st. They set an “equal weight” rating for the company. Citigroup dropped their target price on Occidental Petroleum from $49.00 to $45.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 19th. The Goldman Sachs Group cut their target price on Occidental Petroleum from $43.00 to $41.00 and set a “sell” rating for the company in a research note on Thursday, January 22nd. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Occidental Petroleum in a report on Thursday, January 22nd. One research 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 given a Sell rating to the company’s stock. According to data from MarketBeat.com, Occidental Petroleum has an average rating of “Hold” and an average target price of $47.43.

Occidental Petroleum Stock Performance

Shares of OXY stock opened at $44.97 on Wednesday. The stock’s 50-day moving average price is $41.75 and its 200 day moving average price is $43.31. The company has a quick ratio of 0.71, a current ratio of 0.94 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $44.30 billion, a PE ratio of 33.17 and a beta of 0.38. Occidental Petroleum has a 52-week low of $34.78 and a 52-week high of $52.58.

Occidental Petroleum (NYSE:OXY) last announced its earnings results on Monday, November 10th. The oil and gas producer reported $0.64 earnings per share 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 company had revenue of $6.62 billion for the quarter, compared to the consensus estimate of $6.66 billion. During the same period last year, the business posted $1.00 EPS. The company’s revenue was down 6.1% on a year-over-year basis. As a group, equities research analysts forecast that Occidental Petroleum will post 3.58 EPS for the current year.

Insider Transactions at Occidental Petroleum

In related news, Director William R. Klesse bought 5,000 shares of Occidental Petroleum stock in a transaction that occurred on Tuesday, December 16th. The shares were purchased at an average price of $38.98 per share, with a total value of $194,900.00. Following the purchase, the director owned 218,913 shares in the company, valued at $8,533,228.74. This represents a 2.34% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.49% of the company’s stock.

Institutional Trading of Occidental Petroleum

Large investors have recently made changes to their positions in the stock. University of Texas Texas AM Investment Management Co. acquired a new position in Occidental Petroleum in the 2nd quarter valued at about $27,000. City Holding Co. lifted its stake in shares of Occidental Petroleum by 250.0% during the third quarter. City Holding Co. now owns 700 shares of the oil and gas producer’s stock valued at $33,000 after buying an additional 500 shares during the period. Binnacle Investments Inc acquired a new stake in Occidental Petroleum during the third quarter worth approximately $35,000. GoalVest Advisory LLC acquired a new position in Occidental Petroleum in the 3rd quarter valued at $38,000. Finally, Hantz Financial Services Inc. grew its position in shares of Occidental Petroleum by 1,193.9% in the second quarter. Hantz Financial Services Inc. now owns 854 shares of the oil and gas producer’s stock valued at $36,000 after purchasing an additional 788 shares during the period. Institutional investors and hedge funds own 88.70% of the company’s stock.

Occidental Petroleum News Roundup

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

• Positive Sentiment: Susquehanna trimmed its price target from $55 to $51 but kept a “positive” rating, signaling the firm still sees upside vs. current levels despite lowering near?term expectations. Benzinga
• Positive Sentiment: Longer?term performance context: a recent note highlights OXY has delivered strong five?year returns (~129%), which may support investor interest at lower prices. Investors in Occidental Petroleum have seen strong returns
• Neutral Sentiment: Retail/investor interest: Zacks.com flags heavy search/attention for OXY, which can amplify intraday moves but is not a directional fundamental change. Zacks — investor interest
• Negative Sentiment: Zacks Research cut multiple near?term and medium?term EPS estimates across 2026–2027 (Q1–Q4 2026, Q2–Q4 2027 and FY2026/FY2027), lowering FY2026 to ~$1.14 and FY2027 to ~$1.58 and reiterating a “Strong Sell” rating — a clear downside catalyst for sentiment and valuation. (Zacks research note)
• Negative Sentiment: Coverage notes and commentary: outlets report Susquehanna has lowered expectations for OXY’s stock price (coverage highlighting tempered analyst optimism), adding to the negative near?term tone. Susquehanna lowered expectations

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.