News

Occidental Petroleum (NYSE:OXY) Price Target Raised to $45.00 at Roth Mkm

MarketBeat · last updated February 21, 2026 – 5:24 AM

Occidental Petroleum (NYSE:OXY — Get Free Report) had its price objective hoisted by stock analysts at Roth Mkm from $39.00 to $45.00 in a report released on Friday,MarketScreener reports. The firm presently has a “neutral” rating on the oil and gas producer’s stock. Roth Mkm’s price target suggests a potential downside of 13.24% from the company’s current price.

Several other equities analysts have also recently commented on OXY. Barclays began coverage on Occidental Petroleum in a report on Wednesday, January 21st. They issued an “equal weight” rating for the company. Wolfe Research decreased their price target on shares of Occidental Petroleum from $55.00 to $54.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 21st. Scotiabank dropped their price objective on shares of Occidental Petroleum from $47.00 to $46.00 and set a “sector perform” rating for the company in a research note on Friday, January 16th. Morgan Stanley decreased 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. Finally, Wall Street Zen lowered shares of Occidental Petroleum from a “hold” rating to a “sell” rating in a research report on Sunday, January 11th. Seven equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and six have assigned a Sell rating to the stock. Based on data from MarketBeat, Occidental Petroleum presently has an average rating of “Hold” and a consensus target price of $49.05.

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Occidental Petroleum Stock Performance

OXY stock traded up $0.34 on Friday, reaching $51.87. 16,517,783 shares of the company were exchanged, compared to its average volume of 11,940,096. The firm has a market capitalization of $51.15 billion, a PE ratio of 32.22 and a beta of 0.41. Occidental Petroleum has a 12 month low of $34.78 and a 12 month high of $52.22. The stock’s fifty day moving average price is $43.48 and its 200 day moving average price is $43.63. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.94 and a quick ratio of 0.71.

Occidental Petroleum (NYSE:OXY — Get Free Report) last posted its quarterly earnings results on Wednesday, February 18th. The oil and gas producer reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.13. The company had revenue of $5.11 billion for the quarter, compared to analyst estimates of $6.02 billion. Occidental Petroleum had a net margin of 9.14% and a return on equity of 9.89%. The business’s quarterly revenue was down 5.2% on a year-over-year basis. During the same period last year, the business posted $0.80 EPS. On average, research analysts anticipate that Occidental Petroleum will post 3.58 EPS for the current fiscal year.

Insider Activity

In other Occidental Petroleum news, Director William R. Klesse bought 5,000 shares of Occidental Petroleum stock in a transaction dated Tuesday, December 16th. The shares were acquired at an average cost of $38.98 per share, with a total value of $194,900.00. Following the acquisition, the director directly 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.31% of the company’s stock.

Hedge Funds Weigh In On Occidental Petroleum

Institutional investors and hedge funds have recently bought and sold shares of the business. Invesco Ltd. raised its holdings in shares of 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 buying an additional 1,071,948 shares during the last quarter. Caitlin John LLC bought a new position in shares of Occidental Petroleum in the fourth quarter worth about $29,000. Delta Global Management LP lifted its position in shares of Occidental Petroleum by 9.2% during the fourth quarter. Delta Global Management LP now owns 59,230 shares of the oil and gas producer’s stock worth $2,436,000 after purchasing an additional 5,000 shares in the last quarter. EP Wealth Advisors LLC acquired a new stake in shares of Occidental Petroleum in the fourth quarter valued at approximately $956,000. Finally, Mackenzie Financial Corp lifted its holdings in Occidental Petroleum by 159.2% during the 4th quarter. Mackenzie Financial Corp now owns 105,052 shares of the oil and gas producer’s stock worth $4,347,000 after buying an additional 64,527 shares in the last quarter. Institutional investors and hedge funds own 88.70% of the company’s stock.

Key Occidental Petroleum News

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

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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.