Occidental Petroleum (NYSE:OXY) Price Target Cut to $67.00 by Analysts at Capital One Financial

Occidental Petroleum (NYSE:OXY) had its price objective decreased by equities researchers at Capital One Financial from $69.00 to $67.00 in a note issued to investors on Monday,MarketScreener reports. The brokerage presently has an “equal weight” rating on the oil and gas producer’s stock. Capital One Financial‘s price objective indicates a potential upside of 18.99% from the stock’s current price.

Other equities research analysts also recently issued reports about the company. Wall Street Zen upgraded Occidental Petroleum from a “sell” rating to a “hold” rating in a report on Saturday, February 28th. Wolfe Research lifted their price objective on shares of Occidental Petroleum from $67.00 to $70.00 and gave the stock an “outperform” rating in a report on Monday, April 6th. Citigroup boosted their target price on shares of Occidental Petroleum from $45.00 to $67.00 and gave the company a “neutral” rating in a research note on Monday, March 30th. Jefferies Financial Group raised their price target on shares of Occidental Petroleum from $47.00 to $58.00 and gave the stock a “hold” rating in a research report on Monday. Finally, Barclays lifted their price target on shares of Occidental Petroleum from $55.00 to $59.00 and gave the company an “equal weight” rating in a report on Monday, March 16th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Occidental Petroleum has a consensus rating of “Hold” and an average price target of $60.83.

Occidental Petroleum Stock Performance

Shares of Occidental Petroleum stock opened at $56.31 on Monday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.74 and a current ratio of 0.94. Occidental Petroleum has a 1 year low of $37.62 and a 1 year high of $67.45. The firm’s 50-day simple moving average is $55.05 and its 200-day simple moving average is $46.78. The firm has a market cap of $55.84 billion, a PE ratio of 34.94 and a beta of 0.23.

Occidental Petroleum (NYSE:OXY) last announced its quarterly earnings data on Wednesday, February 18th. The oil and gas producer reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.13. Occidental Petroleum had a return on equity of 9.89% and a net margin of 9.14%.The firm had revenue of $5.11 billion during the quarter, compared to analyst estimates of $6.02 billion. During the same period in the previous year, the company earned $0.80 earnings per share. Occidental Petroleum’s quarterly revenue was down 5.2% on a year-over-year basis. Equities analysts forecast that Occidental Petroleum will post 3.58 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Occidental Petroleum

Several institutional investors have recently bought and sold shares of the stock. Caitlin John LLC acquired a new stake in shares of Occidental Petroleum in the 4th quarter worth approximately $29,000. Activest Wealth Management increased its stake in shares of Occidental Petroleum by 68.5% during the fourth quarter. Activest Wealth Management now owns 750 shares of the oil and gas producer’s stock valued at $31,000 after acquiring an additional 305 shares during the period. Rossby Financial LCC raised its holdings in Occidental Petroleum by 155.0% during the fourth quarter. Rossby Financial LCC now owns 765 shares of the oil and gas producer’s stock worth $31,000 after purchasing an additional 465 shares in the last quarter. City Holding Co. lifted its holdings in shares of Occidental Petroleum by 250.0% in the third quarter. City Holding Co. now owns 700 shares of the oil and gas producer’s stock valued at $33,000 after purchasing an additional 500 shares in the last quarter. Finally, Binnacle Investments Inc acquired a new stake in shares of Occidental Petroleum in the third quarter worth $35,000. Institutional investors and hedge funds own 88.70% of the company’s stock.

Key Headlines Impacting Occidental Petroleum

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

• Positive Sentiment: Boardroom change viewed as constructive: Occidental announced a CEO succession (Vicki Hollub retiring; Richard Jackson to take over), which earlier pushed the stock higher as investors priced in potential strategic continuity or operational tweaks. Occidental Petroleum Is Getting a New CEO in 2026
• Positive Sentiment: Analysts lifted targets — UBS raised its price target to $67 while keeping a neutral stance, signaling higher upside than the current level. That helped spark buying interest earlier in the session. UBS raises PT to $67 (Benzinga)
• Positive Sentiment: Additional analyst upgrades: Jefferies raised its target to $58 (hold) and JPMorgan nudged its target to $64 (neutral), adding more buy-side attention and suggesting modest analyst conviction in near-term upside. Jefferies raises PT to $58 JPMorgan raises PT to $64
• Positive Sentiment: Value-screen inclusion: Zacks highlighted OXY among five value stocks with attractive EV/EBITDA metrics, which can attract value-focused investors and supports longer-term interest. Zacks: 5 Value Stocks With Impressive EV-to-EBITDA Ratios
• Neutral Sentiment: Short-term bullish thesis ahead of Q1 update: The Motley Fool pieces argue OXY could be a buy before the May 6 Q1 update and over the longer term; this is speculative and depends on the company’s Q1 beat. Prediction: Occidental Petroleum Stock Is a Buy Before May 6
• Negative Sentiment: Operational/financial caution: recent quarterly data showed an EPS beat but revenue missed estimates and revenue declined year‑over‑year — a reminder that fundamentals (revenue growth, margins and leverage) still matter and may prompt profit‑taking after the recent rally.

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.