Barclays Issues Pessimistic Forecast for Occidental Petroleum (NYSE:OXY) Stock Price

Posted by Brian Himes on Aug 17th, 2026

Occidental Petroleum (NYSE:OXY – Get Free Report) had its price objective cut by stock analysts at Barclays from $75.00 to $71.00 in a report issued on Monday,Benzinga reports. The firm presently has an “overweight” rating on the oil and gas producer’s stock. Barclays‘s price target indicates a potential upside of 21.16% from the stock’s current price.

A number of other analysts have also recently weighed in on the company. Scotiabank boosted their price target on Occidental Petroleum from $46.00 to $57.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 22nd. Wells Fargo & Company raised their price objective on Occidental Petroleum from $72.00 to $79.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Citigroup reduced their target price on Occidental Petroleum from $62.00 to $60.00 and set a “neutral” rating for the company in a report on Friday, July 17th. Capital One Financial upped their target price on Occidental Petroleum from $67.00 to $70.00 in a research report on Wednesday, May 27th. Finally, Wall Street Zen upgraded Occidental Petroleum from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Ten equities research analysts have rated the stock with a Buy rating and sixteen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $64.83.

Check Out Our Latest Stock Report on OXY

Occidental Petroleum Stock Up 0.4%

Shares of Occidental Petroleum stock traded up $0.24 during midday trading on Monday, reaching $58.60. 389,101 shares of the company’s stock traded hands, compared to its average volume of 13,042,303. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.13 and a current ratio of 1.41. Occidental Petroleum has a 52 week low of $38.80 and a 52 week high of $67.45. The company’s 50 day simple moving average is $54.19 and its 200 day simple moving average is $55.01. The company has a market cap of $58.58 billion, a price-to-earnings ratio of 9.05, a price-to-earnings-growth ratio of 0.79 and a beta of 0.15.

Occidental Petroleum (NYSE:OXY – Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The oil and gas producer reported $2.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.57. The firm had revenue of $8.06 billion during the quarter, compared to analysts’ expectations of $7.07 billion. Occidental Petroleum had a net margin of 28.36% and a return on equity of 15.31%. Occidental Petroleum’s revenue for the quarter was up 53.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.39 earnings per share. Equities analysts expect that Occidental Petroleum will post 5.81 earnings per share for the current fiscal year.

Insider Transactions at Occidental Petroleum

In other Occidental Petroleum news, CEO Richard A. Jackson purchased 4,770 shares of the company’s stock in a transaction on Tuesday, June 23rd. The shares were bought at an average cost of $52.38 per share, with a total value of $249,852.60. Following the transaction, the chief executive officer directly owned 444,098 shares in the company, valued at approximately $23,261,853.24. This represents a 1.09% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Occidental Petroleum

Hedge funds and other institutional investors have recently modified their holdings of the stock. Axiom Investment Management LLC acquired a new stake in Occidental Petroleum in the 1st quarter worth $25,000. Hara Capital LLC bought a new stake in shares of Occidental Petroleum in the second quarter valued at about $25,000. GKV Capital Management Co. Inc. acquired a new stake in Occidental Petroleum during the first quarter worth about $26,000. Portus Wealth Advisors LLC acquired a new stake in Occidental Petroleum during the first quarter worth about $29,000. Finally, Caitlin John LLC bought a new position in Occidental Petroleum during the fourth quarter valued at about $29,000. Institutional investors and hedge funds own 88.70% of the company’s stock.

About Occidental Petroleum

(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.