Investment Analysts’ Weekly Ratings Updates for Occidental Petroleum (OXY)

Several brokerages have updated their recommendations and price targets on shares of Occidental Petroleum (NYSE: OXY) in the last few weeks:

• 1/5/2025 – Occidental Petroleum was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 12/28/2024 – Occidental Petroleum was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 12/19/2024 – Occidental Petroleum had its price target lowered by analysts at Piper Sandler from $57.00 to $51.00. They now have a “neutral” rating on the stock.
• 12/18/2024 – Occidental Petroleum was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 12/16/2024 – Occidental Petroleum had its price target lowered by analysts at Mizuho from $72.00 to $70.00. They now have a “neutral” rating on the stock.
• 12/10/2024 – Occidental Petroleum was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 12/9/2024 – Occidental Petroleum had its price target lowered by analysts at UBS Group AG from $58.00 to $51.00. They now have a “neutral” rating on the stock.
• 12/9/2024 – Occidental Petroleum had its price target lowered by analysts at Wells Fargo & Company from $56.00 to $53.00. They now have an “equal weight” rating on the stock.
• 12/2/2024 – Occidental Petroleum was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 11/26/2024 – Occidental Petroleum had its price target lowered by analysts at Citigroup Inc. from $57.00 to $56.00. They now have a “neutral” rating on the stock.
• 11/21/2024 – Occidental Petroleum had its price target raised by analysts at Raymond James from $77.00 to $78.00. They now have a “strong-buy” rating on the stock.
• 11/19/2024 – Occidental Petroleum was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 11/18/2024 – Occidental Petroleum had its price target lowered by analysts at UBS Group AG from $59.00 to $58.00. They now have a “neutral” rating on the stock.
• 11/14/2024 – Occidental Petroleum had its price target lowered by analysts at Susquehanna from $77.00 to $65.00. They now have a “positive” rating on the stock.
• 11/13/2024 – Occidental Petroleum had its price target raised by analysts at Stephens from $70.00 to $71.00. They now have an “overweight” rating on the stock.
• 11/12/2024 – Occidental Petroleum had its price target raised by analysts at Jefferies Financial Group Inc. from $53.00 to $54.00. They now have a “hold” rating on the stock.
• 11/12/2024 – Occidental Petroleum had its price target raised by analysts at Wolfe Research from $73.00 to $75.00. They now have a “buy” rating on the stock.
• 11/12/2024 – Occidental Petroleum had its price target lowered by analysts at Raymond James from $85.00 to $77.00. They now have a “buy” rating on the stock.
• 11/12/2024 – Occidental Petroleum had its price target lowered by analysts at TD Cowen from $80.00 to $68.00. They now have a “buy” rating on the stock.
• 11/8/2024 – Occidental Petroleum had its “neutral” rating reaffirmed by analysts at JPMorgan Chase & Co.. They now have a $56.00 price target on the stock.
• 11/7/2024 – Occidental Petroleum was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.

Occidental Petroleum Trading Up 0.5 %

Shares of NYSE OXY traded up $0.25 during trading on Monday, reaching $50.76. The company had a trading volume of 10,201,304 shares, compared to its average volume of 10,880,047. The company’s fifty day moving average price is $49.44 and its 200-day moving average price is $54.16. Occidental Petroleum Co. has a 12 month low of $45.17 and a 12 month high of $71.18. The stock has a market cap of $47.63 billion, a P/E ratio of 13.22 and a beta of 1.57. The company has a quick ratio of 0.76, a current ratio of 1.00 and a debt-to-equity ratio of 0.96.

Occidental Petroleum Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 10th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 1.73%. The ex-dividend date of this dividend is Tuesday, December 10th. Occidental Petroleum’s dividend payout ratio (DPR) is presently 22.92%.

Insider Transactions at Occidental Petroleum

In other Occidental Petroleum news, major shareholder Berkshire Hathaway Inc bought 2,477,362 shares of Occidental Petroleum stock in a transaction dated Tuesday, December 17th. The stock was bought at an average cost of $46.25 per share, with a total value of $114,577,992.50. Following the completion of the acquisition, the insider now directly owns 257,758,886 shares in the company, valued at approximately $11,921,348,477.50. The trade was a 0.97 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.31% of the company’s stock.

Hedge Funds Weigh In On Occidental Petroleum

Several institutional investors have recently modified their holdings of OXY. Victory Capital Management Inc. grew its holdings in Occidental Petroleum by 24.1% during the second quarter. Victory Capital Management Inc. now owns 385,387 shares of the oil and gas producer’s stock valued at $24,291,000 after purchasing an additional 74,750 shares during the period. Private Advisor Group LLC grew its holdings in Occidental Petroleum by 64.0% during the second quarter. Private Advisor Group LLC now owns 100,557 shares of the oil and gas producer’s stock valued at $6,338,000 after purchasing an additional 39,230 shares during the period. Savant Capital LLC boosted its holdings in shares of Occidental Petroleum by 15.2% in the second quarter. Savant Capital LLC now owns 17,375 shares of the oil and gas producer’s stock worth $1,095,000 after acquiring an additional 2,287 shares during the period. Los Angeles Capital Management LLC boosted its holdings in shares of Occidental Petroleum by 9,379.4% in the second quarter. Los Angeles Capital Management LLC now owns 424,962 shares of the oil and gas producer’s stock worth $26,785,000 after acquiring an additional 420,479 shares during the period. Finally, Illinois Municipal Retirement Fund boosted its holdings in shares of Occidental Petroleum by 16.1% in the second quarter. Illinois Municipal Retirement Fund now owns 169,459 shares of the oil and gas producer’s stock worth $10,681,000 after acquiring an additional 23,456 shares during the period. 88.70% of the stock is owned by institutional investors.

Occidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in the United States, the Middle East, and North Africa. It operates through three segments: Oil and Gas, Chemical, and Midstream and Marketing. The company's Oil and Gas segment explores for, develops, and produces oil and condensate, natural gas liquids (NGLs), and natural gas.