Occidental Petroleum Corporation (NYSE:OXY) Receives $63.74 Consensus PT from Brokerages

Posted by Brenda Bartman on Jun 22nd, 2026

Shares of Occidental Petroleum Corporation (NYSE:OXY – Get Free Report) have been given an average rating of “Hold” by the twenty-six ratings firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $63.7391.

A number of analysts have commented on OXY shares. HSBC upped their price target on shares of Occidental Petroleum from $59.00 to $68.00 and gave the company a “buy” rating in a research report on Friday, March 20th. Roth Mkm increased their price objective on shares of Occidental Petroleum from $45.00 to $55.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 15th. The Goldman Sachs Group raised shares of Occidental Petroleum from a “sell” rating to a “neutral” rating and set a $64.00 price objective on the stock in a research report on Thursday, May 21st. UBS Group cut their price objective on shares of Occidental Petroleum from $67.00 to $65.00 and set a “neutral” rating on the stock in a research report on Thursday, May 7th. Finally, Zacks Research raised shares of Occidental Petroleum from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 31st.

Check Out Our Latest Report on OXY

Hedge Funds Weigh In On Occidental Petroleum

A number of institutional investors and hedge funds have recently made changes to their positions in OXY. Woodline Partners LP boosted its position 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 worth $2,817,000 after purchasing an additional 16,506 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of Occidental Petroleum in the 2nd quarter worth about $4,584,000. Federated Hermes Inc. raised its holdings in shares of Occidental Petroleum by 696.7% in the 2nd quarter. Federated Hermes Inc. now owns 23,997 shares of the oil and gas producer’s stock worth $1,008,000 after acquiring an additional 20,985 shares during the last quarter. Daiwa Securities Group Inc. raised its holdings in shares of Occidental Petroleum by 7.4% in the 2nd quarter. Daiwa Securities Group Inc. now owns 105,767 shares of the oil and gas producer’s stock worth $4,443,000 after acquiring an additional 7,285 shares during the last quarter. Finally, AXA S.A. raised its holdings in shares of Occidental Petroleum by 24.3% in the 2nd 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 last quarter. Institutional investors own 88.70% of the company’s stock.

Occidental Petroleum Stock Performance

Shares of OXY opened at $51.75 on Wednesday. The company has a current ratio of 1.21, a quick ratio of 1.01 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $51.47 billion, a P/E ratio of 13.03 and a beta of 0.14. The firm’s fifty day simple moving average is $56.94 and its two-hundred day simple moving average is $51.53. Occidental Petroleum has a 12 month low of $38.80 and a 12 month high of $67.45.

Occidental Petroleum (NYSE:OXY – Get Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The oil and gas producer reported $1.06 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.46. The business had revenue of $5.11 billion for the quarter, compared to analysts’ expectations of $5.44 billion. Occidental Petroleum had a net margin of 19.98% and a return on equity of 9.65%. The business’s quarterly revenue was down 8.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.14 earnings per share. As a group, analysts predict that Occidental Petroleum will post 5.79 EPS for the current year.

Occidental Petroleum Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, June 10th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Wednesday, June 10th. Occidental Petroleum’s dividend payout ratio is 26.20%.

Occidental Petroleum Company Profile

(Get Free Report)

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.