Occidental Petroleum Corporation (NYSE:OXY) Receives Average Rating of “Hold” from Analysts

Occidental Petroleum Corporation (NYSE:OXY) has earned a consensus recommendation of “Hold” from the twenty-six ratings firms that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, fifteen have assigned a hold recommendation, eight have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $61.8261.

OXY has been the topic of several recent analyst reports. Wall Street Zen upgraded Occidental Petroleum from a “sell” rating to a “hold” rating in a report on Saturday, February 28th. Stephens boosted their price objective on Occidental Petroleum from $59.00 to $74.00 and gave the stock an “overweight” rating in a report on Tuesday, March 31st. Morgan Stanley upped their target price on Occidental Petroleum from $53.00 to $73.00 and gave the company an “equal weight” rating in a report on Tuesday, April 28th. Barclays upped their target price on Occidental Petroleum from $55.00 to $59.00 and gave the company an “equal weight” rating in a report on Monday, March 16th. Finally, Zacks Research upgraded Occidental Petroleum from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 31st.

Occidental Petroleum Price Performance

NYSE OXY opened at $58.62 on Tuesday. The stock’s 50-day moving average price is $57.77 and its two-hundred day moving average price is $47.83. The company has a current ratio of 0.94, a quick ratio of 0.74 and a debt-to-equity ratio of 0.73. The company has a market cap of $58.14 billion, a PE ratio of 36.41 and a beta of 0.17. Occidental Petroleum has a 1 year low of $38.72 and a 1 year high of $67.45.

Occidental Petroleum (NYSE:OXY) last posted its quarterly earnings data 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 firm had revenue of $5.11 billion for the quarter, compared to the consensus estimate of $6.02 billion. Occidental Petroleum had a return on equity of 9.89% and a net margin of 9.14%.The business’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.80 EPS. On average, analysts predict that Occidental Petroleum will post 4.54 EPS for the current year.

Occidental Petroleum Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, June 10th will be issued a $0.26 dividend. The ex-dividend date is Wednesday, June 10th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.8%. Occidental Petroleum’s dividend payout ratio is currently 64.60%.

Hedge Funds Weigh In On Occidental Petroleum

A number of large investors have recently made changes to their positions in the business. Global Assets Advisory LLC acquired a new position in shares of Occidental Petroleum in the 1st quarter valued at about $163,000. Diversify Wealth Management LLC increased its holdings in shares of Occidental Petroleum by 108.8% in the 1st quarter. Diversify Wealth Management LLC now owns 26,531 shares of the oil and gas producer’s stock valued at $1,612,000 after purchasing an additional 13,826 shares during the period. Simplicity Wealth LLC acquired a new position in shares of Occidental Petroleum in the 1st quarter valued at about $220,000. Candriam S.C.A. increased its holdings in shares of Occidental Petroleum by 43.3% in the 1st quarter. Candriam S.C.A. now owns 51,553 shares of the oil and gas producer’s stock valued at $3,351,000 after purchasing an additional 15,588 shares during the period. Finally, Conning Inc. bought a new stake in shares of Occidental Petroleum in the 1st quarter valued at approximately $214,000. Institutional investors and hedge funds own 88.70% of the company’s stock.

More Occidental Petroleum News

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

• Positive Sentiment: Board names COO Richard Jackson as CEO effective June 1 — a planned, internal succession that reduces execution risk versus an external hire and could be viewed as continuity-focused by investors. Occidental names veteran Richard Jackson as CEO
• Positive Sentiment: Board declared a regular quarterly dividend of $0.26 per share (record June 10, payable July 15), which supports income-focused holders and slightly bolsters yield at current prices. Occidental Announces Dividend
• Neutral Sentiment: Analysts/brokers show mixed framing — a published price target around $61.83 sits above the current market price but isn’t a clear catalyst by itself. Brokerages Set Occidental Petroleum Corporation (NYSE:OXY) PT at $61.83
• Neutral Sentiment: Company releases and some press note additional operational items (Blockonomi mentions a Gulf discovery) that could be positive longer-term but lack immediate detail to move the stock materially today. Occidental Petroleum (OXY) Leadership Transition
• Negative Sentiment: Coverage highlights that OXY under Hollub underperformed peers historically, raising investor scrutiny about governance and past capital allocation; some commentators frame the change as overdue rather than a fresh start. Occidental Petroleum Names a New CEO. How the Stock Has Fared Under Vicki Hollub.
• Negative Sentiment: Sector-wide weakness pressured energy names today (NYSE Energy index lower), adding downward momentum to OXY even as company-specific news landed; macro supply moves (e.g., UAE/OPEC developments) remain an overhang for oil prices. Sector Update: Energy Stocks Fall Friday Afternoon

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.