Occidental Petroleum (OXY) – Investment Analysts’ Recent Ratings Updates

A number of firms have modified their ratings and price targets on shares of Occidental Petroleum (NYSE: OXY) recently:

• 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.
• 10/18/2024 – Occidental Petroleum had its price target lowered by analysts at Susquehanna from $78.00 to $77.00. They now have a “positive” rating on the stock.
• 10/17/2024 – Occidental Petroleum is now covered by analysts at Bank of America Co.. They set a “neutral” rating and a $57.00 price target on the stock.

Occidental Petroleum Stock Performance

NYSE OXY traded down $1.04 on Monday, reaching $46.60. 14,113,353 shares of the stock were exchanged, compared to its average volume of 9,427,878. The company has a current ratio of 1.00, a quick ratio of 0.76 and a debt-to-equity ratio of 0.96. Occidental Petroleum Co. has a one year low of $46.41 and a one year high of $71.18. The firm has a market capitalization of $43.73 billion, a PE ratio of 12.14 and a beta of 1.57. The company’s 50-day simple moving average is $50.87 and its two-hundred day simple moving average is $55.48.

Occidental Petroleum Dividend Announcement

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 given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.89%. The ex-dividend date is Tuesday, December 10th. Occidental Petroleum’s payout ratio is currently 22.92%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. H&H International Investment LLC lifted its holdings in shares of Occidental Petroleum by 497.7% in the 3rd quarter. H&H International Investment LLC now owns 9,223,700 shares of the oil and gas producer’s stock valued at $475,389,000 after acquiring an additional 7,680,598 shares during the last quarter. Himalaya Capital Management LLC purchased a new position in shares of Occidental Petroleum in the 2nd quarter worth approximately $92,433,000. Anson Funds Management LP increased its position in shares of Occidental Petroleum by 3,645.8% during the 3rd quarter. Anson Funds Management LP now owns 765,486 shares of the oil and gas producer’s stock valued at $39,453,000 after purchasing an additional 745,050 shares during the last quarter. Scharf Investments LLC purchased a new stake in Occidental Petroleum during the 2nd quarter valued at $42,744,000. Finally, American Century Companies Inc. boosted its stake in Occidental Petroleum by 16.8% during the second quarter. American Century Companies Inc. now owns 3,707,555 shares of the oil and gas producer’s stock worth $233,687,000 after buying an additional 532,318 shares during the period. Institutional investors own 88.70% of the company’s stock.

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.