Stephens Lowers Occidental Petroleum (NYSE:OXY) Price Target to $69.00

Posted by Geri Gentry on Jul 14th, 2026

Occidental Petroleum (NYSE:OXY – Get Free Report) had its price target lowered by stock analysts at Stephens from $73.00 to $69.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the oil and gas producer’s stock. Stephens’ target price points to a potential upside of 25.34% from the company’s current price.

OXY has been the topic of a number of other reports. Wolfe Research lifted their target price on Occidental Petroleum from $67.00 to $70.00 and gave the stock an “outperform” rating in a research report on Monday, April 6th. UBS Group lowered their price objective on Occidental Petroleum from $67.00 to $65.00 and set a “neutral” rating for the company in a research note on Thursday, May 7th. Evercore upgraded Occidental Petroleum from an “in-line” rating to an “outperform” rating and set a $65.00 price objective on the stock in a report on Wednesday, July 8th. Morgan Stanley cut their target price on Occidental Petroleum from $74.00 to $68.00 and set an “equal weight” rating on the stock in a research report on Friday, June 26th. Finally, Scotiabank raised their price target on shares of Occidental Petroleum from $46.00 to $57.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 22nd. Ten research analysts have rated the stock with a Buy rating and sixteen have given a Hold rating to the company. According to data from MarketBeat.com, Occidental Petroleum has an average rating of “Hold” and a consensus price target of $64.26.

Check Out Our Latest Stock Analysis on Occidental Petroleum

Occidental Petroleum Stock Up 0.4%

NYSE:OXY traded up $0.24 during mid-day trading on Tuesday, hitting $55.05. The company had a trading volume of 1,810,877 shares, compared to its average volume of 13,871,769. The business has a fifty day simple moving average of $54.89 and a 200-day simple moving average of $52.64. The firm has a market capitalization of $54.76 billion, a price-to-earnings ratio of 13.85 and a beta of 0.15. Occidental Petroleum has a 1 year low of $38.80 and a 1 year high of $67.45. The company has a current ratio of 1.21, a quick ratio of 1.01 and a debt-to-equity ratio of 0.49.

Occidental Petroleum (NYSE:OXY – Get Free Report) last issued its earnings results on Tuesday, May 5th. The oil and gas producer reported $1.06 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.46. Occidental Petroleum had a return on equity of 9.65% and a net margin of 19.98%.The company had revenue of $5.11 billion during the quarter, compared to the consensus estimate of $5.44 billion. During the same quarter in the prior year, the business earned $0.14 earnings per share. The company’s revenue was down 8.3% compared to the same quarter last year. Equities analysts forecast that Occidental Petroleum will post 5.93 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Richard A. Jackson bought 4,770 shares of Occidental Petroleum stock in a transaction on Tuesday, June 23rd. The shares were bought at an average price of $52.38 per share, with a total value of $249,852.60. Following the acquisition, 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Occidental Petroleum

Institutional investors and hedge funds have recently made changes to their positions in the company. Tema ETFs LLC lifted its stake in Occidental Petroleum by 18.6% during the second quarter. Tema ETFs LLC now owns 15,356 shares of the oil and gas producer’s stock worth $746,000 after purchasing an additional 2,405 shares during the last quarter. Arista Wealth Management LLC bought a new stake in Occidental Petroleum during the second quarter valued at $365,000. Everhart Financial Group Inc. raised its holdings in shares of Occidental Petroleum by 6.2% during the second quarter. Everhart Financial Group Inc. now owns 11,774 shares of the oil and gas producer’s stock worth $572,000 after purchasing an additional 685 shares during the period. Valeo Financial Advisors LLC lifted its position in shares of Occidental Petroleum by 12.0% in the 2nd quarter. Valeo Financial Advisors LLC now owns 21,119 shares of the oil and gas producer’s stock worth $1,026,000 after buying an additional 2,264 shares during the last quarter. Finally, Polianta Ltd lifted its position in shares of Occidental Petroleum by 17.8% in the 2nd quarter. Polianta Ltd now owns 31,800 shares of the oil and gas producer’s stock worth $1,544,000 after buying an additional 4,800 shares during the last quarter. 88.70% of the stock is owned by institutional investors and hedge funds.

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.