Occidental Petroleum (NYSE:OXY) Downgraded to “Strong Sell” Rating by Zacks Research

Occidental Petroleum (NYSE:OXY) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Monday,Zacks.com reports. Zacks Research also issued estimates for Occidental Petroleum’s Q1 2026 earnings at $0.31 EPS, Q2 2026 earnings at $0.24 EPS, Q3 2026 earnings at $0.32 EPS, Q4 2026 earnings at $0.27 EPS, FY2026 earnings at $1.14 EPS, Q2 2027 earnings at $0.27 EPS, Q3 2027 earnings at $0.53 EPS, Q4 2027 earnings at $0.34 EPS and FY2027 earnings at $1.58 EPS.

Several other analysts have also commented on the stock. Scotiabank lowered their price objective on shares of Occidental Petroleum from $47.00 to $46.00 and set a “sector perform” rating for the company in a report on Friday, January 16th. Morgan Stanley decreased their target price on shares of Occidental Petroleum from $51.00 to $50.00 and set an “overweight” rating for the company in a research note on Friday, January 23rd. Raymond James Financial restated an “outperform” rating and issued a $50.00 price target on shares of Occidental Petroleum in a research note on Tuesday, November 25th. Piper Sandler dropped their target price on Occidental Petroleum from $47.00 to $46.00 and set a “neutral” rating on the stock in a report on Tuesday, November 18th. Finally, HSBC reduced their price target on Occidental Petroleum from $55.00 to $54.00 and set a “buy” rating for the company in a report on Wednesday, November 12th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eleven have assigned a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $47.43.

Occidental Petroleum Stock Up 0.9%

OXY opened at $44.97 on Monday. The business’s 50-day moving average price is $41.75 and its 200-day moving average price is $43.31. The company has a current ratio of 0.94, a quick ratio of 0.71 and a debt-to-equity ratio of 0.73. Occidental Petroleum has a 12 month low of $34.78 and a 12 month high of $52.58. The company has a market cap of $44.30 billion, a P/E ratio of 33.17 and a beta of 0.38.

Occidental Petroleum (NYSE:OXY) last posted its quarterly earnings results on Monday, November 10th. The oil and gas producer reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.16. The company had revenue of $6.62 billion during the quarter, compared to analyst estimates of $6.66 billion. Occidental Petroleum had a net margin of 7.81% and a return on equity of 12.35%. The firm’s revenue was down 6.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.00 EPS. On average, equities analysts expect that Occidental Petroleum will post 3.58 EPS for the current year.

Insiders Place Their Bets

In other news, Director William R. Klesse purchased 5,000 shares of the stock in a transaction dated Tuesday, December 16th. The shares were purchased at an average cost of $38.98 per share, with a total value of $194,900.00. Following the acquisition, the director directly owned 218,913 shares of the company’s stock, valued at $8,533,228.74. This represents a 2.34% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.49% of the company’s stock.

Institutional Investors Weigh In On Occidental Petroleum

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Personalized Indexing Management LLC raised its stake in shares of Occidental Petroleum by 77.6% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 139,086 shares of the oil and gas producer’s stock worth $5,843,000 after buying an additional 60,793 shares during the period. Tevis Investment Management bought a new stake in Occidental Petroleum during the 2nd quarter worth approximately $356,000. Swedbank AB bought a new position in shares of Occidental Petroleum in the third quarter worth approximately $35,517,000. Nordea Investment Management AB increased its stake in shares of Occidental Petroleum by 4.9% in the second quarter. Nordea Investment Management AB now owns 459,826 shares of the oil and gas producer’s stock worth $19,446,000 after purchasing an additional 21,393 shares in the last quarter. Finally, Aberdeen Group plc raised its position in shares of Occidental Petroleum by 4.4% during the 2nd quarter. Aberdeen Group plc now owns 731,158 shares of the oil and gas producer’s stock valued at $30,716,000 after purchasing an additional 30,746 shares during the period. Hedge funds and other institutional investors own 88.70% of the company’s stock.

Trending Headlines about Occidental Petroleum

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

• Positive Sentiment: Susquehanna trimmed its price target from $55 to $51 but kept a “positive” rating, signaling the firm still sees upside vs. current levels despite lowering near‑term expectations. Benzinga
• Positive Sentiment: Longer‑term performance context: a recent note highlights OXY has delivered strong five‑year returns (~129%), which may support investor interest at lower prices. Investors in Occidental Petroleum have seen strong returns
• Neutral Sentiment: Retail/investor interest: Zacks.com flags heavy search/attention for OXY, which can amplify intraday moves but is not a directional fundamental change. Zacks — investor interest
• Negative Sentiment: Zacks Research cut multiple near‑term and medium‑term EPS estimates across 2026–2027 (Q1–Q4 2026, Q2–Q4 2027 and FY2026/FY2027), lowering FY2026 to ~$1.14 and FY2027 to ~$1.58 and reiterating a “Strong Sell” rating — a clear downside catalyst for sentiment and valuation. (Zacks research note)
• Negative Sentiment: Coverage notes and commentary: outlets report Susquehanna has lowered expectations for OXY’s stock price (coverage highlighting tempered analyst optimism), adding to the negative near‑term tone. Susquehanna lowered expectations

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.