Roth Mkm Issues Positive Forecast for Occidental Petroleum (NYSE:OXY) Stock Price

Occidental Petroleum (NYSE:OXY) had its target price lifted by Roth Mkm from $45.00 to $55.00 in a research note published on Wednesday,MarketScreener reports. Roth Mkm currently has a neutral rating on the oil and gas producer’s stock.

A number of other equities analysts have also issued reports on the company. Weiss Ratings upgraded Occidental Petroleum from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, March 9th. Stephens increased their price objective on Occidental Petroleum from $59.00 to $74.00 and gave the company an “overweight” rating in a report on Tuesday, March 31st. Piper Sandler raised Occidental Petroleum from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $54.00 to $66.00 in a report on Thursday, March 12th. Argus upgraded Occidental Petroleum to a “hold” rating in a research report on Friday, February 27th. Finally, UBS Group increased their price target on shares of Occidental Petroleum from $64.00 to $67.00 and gave the stock a “neutral” rating in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Occidental Petroleum currently has an average rating of “Hold” and an average price target of $61.26.

Occidental Petroleum Stock Up 0.9%

NYSE:OXY opened at $55.86 on Wednesday. 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 twelve month low of $37.97 and a twelve month high of $67.45. The company has a market cap of $55.39 billion, a PE ratio of 34.69 and a beta of 0.23. The company’s 50 day moving average is $55.44 and its two-hundred day moving average is $46.89.

Occidental Petroleum (NYSE:OXY) 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 analysts’ consensus estimates of $0.18 by $0.13. The business had revenue of $5.11 billion during the quarter, compared to analysts’ expectations 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 quarter last year, the company posted $0.80 earnings per share. Analysts anticipate that Occidental Petroleum will post 3.58 EPS for the current year.

Occidental Petroleum Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 10th were issued a $0.26 dividend. This is a boost from Occidental Petroleum’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Tuesday, March 10th. This represents a $1.04 annualized dividend and a dividend yield of 1.9%. Occidental Petroleum’s payout ratio is presently 64.60%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Woodline Partners LP increased its holdings in shares of Occidental Petroleum by 40.7% during the 1st quarter. Woodline Partners LP now owns 57,079 shares of the oil and gas producer’s stock valued at $2,817,000 after purchasing an additional 16,506 shares in the last quarter. Marshall Wace LLP acquired a new stake in Occidental Petroleum during the second quarter valued at $4,584,000. Federated Hermes Inc. grew its position in Occidental Petroleum by 696.7% during the second quarter. Federated Hermes Inc. now owns 23,997 shares of the oil and gas producer’s stock valued at $1,008,000 after buying an additional 20,985 shares during the period. Daiwa Securities Group Inc. increased its holdings in Occidental Petroleum by 7.4% in the second quarter. Daiwa Securities Group Inc. now owns 105,767 shares of the oil and gas producer’s stock valued at $4,443,000 after buying an additional 7,285 shares in the last quarter. Finally, AXA S.A. raised its position in shares of Occidental Petroleum by 24.3% in the second quarter. AXA S.A. now owns 136,625 shares of the oil and gas producer’s stock worth $5,740,000 after acquiring an additional 26,741 shares during the period. 88.70% of the stock is currently owned by hedge funds and other institutional investors.

More Occidental Petroleum News

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

• Positive Sentiment: Major broker price-target increases from UBS, Jefferies and JPMorgan add upside credibility and likely supported buying interest today. UBS raised its PT to $67. UBS Raises PT to $67
• Positive Sentiment: Jefferies raised its price target to $58, another institutional vote that reinforces higher valuation talk. Jefferies Raises PT to $58
• Positive Sentiment: JPMorgan bumped its target to $64, providing further analyst support for the stock’s upside. JPMorgan Raises PT to $64
• Positive Sentiment: OXY appears on several “value stock” screens (EV/EBITDA focus), which may attract value-oriented and fundamental buyers. Zacks Value Stock List
• Neutral Sentiment: Capital One trimmed its PT slightly (from $69 to $67) but kept an “equal weight” rating — a modest signal that the firm still sees upside but is cautious. Capital One Lowers PT to $67
• Neutral Sentiment: CEO Vicki Hollub discussed Middle East operations and safety — useful for operational transparency but not an immediate catalyst for the share price. CEO Interview on Middle East Ops
• Negative Sentiment: Shares dropped recently after oil prices softened on renewed U.S.–Iran ceasefire hopes; that relief rally reduced demand for energy hedges and pressured OXY. Why OXY Fell (Ceasefire Hopes)
• Negative Sentiment: Roth MKM raised its PT to $55 but kept a “neutral” rating — the new target sits below the recent market level, which can be read as a downside signal for some investors. Roth MKM Raises PT to $55 (Neutral)

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.