Capital One Financial Issues Pessimistic Forecast for Occidental Petroleum (NYSE:OXY) Stock Price

Key Points

• Capital One Financial lowered its price target on Occidental Petroleum to $67 from $69 and kept an "equal weight" rating, a target that the report says implies roughly an 18.99% upside from the prior close.
• Several analysts raised targets (many up to $70–$72) and issued buy/outperform views, but the MarketBeat consensus remains a Hold with an average target of $60.83.
• Occidental recently beat EPS estimates but missed revenue with year‑over‑year revenue down, the stock opened around $56.31 (trading down ~3%), and institutional investors own about 88.7% of the shares.

Occidental Petroleum (NYSE:OXY - Get Free Report) had its price target dropped by stock analysts at Capital One Financial from $69.00 to $67.00 in a research 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 target price points to a potential upside of 18.99% from the company's previous close.

A number of other brokerages have also recently issued reports on OXY. Barclays boosted their target price on Occidental Petroleum from $55.00 to $59.00 and gave the stock an "equal weight" rating in a report on Monday, March 16th. Mizuho lifted their price target on shares of Occidental Petroleum from $67.00 to $72.00 and gave the company an "outperform" rating in a research report on Tuesday, March 17th. Wolfe Research increased their price objective on shares of Occidental Petroleum from $67.00 to $70.00 and gave the stock an "outperform" rating in a research report on Monday, April 6th. HSBC raised their target price on shares of Occidental Petroleum from $59.00 to $68.00 and gave the company a "buy" rating in a research note on Friday, March 20th. Finally, Wells Fargo & Company upped their price target on shares of Occidental Petroleum from $69.00 to $72.00 and gave the stock an "overweight" rating in a research report on Thursday, April 9th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $60.83.

Occidental Petroleum Trading Down 3.0%

OXY stock opened at $56.31 on Monday. The company has a quick ratio of 0.74, a current ratio of 0.94 and a debt-to-equity ratio of 0.73. The company has a market cap of $55.84 billion, a price-to-earnings ratio of 34.94 and a beta of 0.23. The business has a fifty day simple moving average of $55.05 and a 200-day simple moving average of $46.78. Occidental Petroleum has a 52 week low of $37.62 and a 52 week high of $67.45.

Occidental Petroleum (NYSE:OXY - Get Free Report) last posted its quarterly earnings results on Wednesday, February 18th. The oil and gas producer reported $0.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.18 by $0.13. The firm had revenue of $5.11 billion during the quarter, compared to the consensus estimate of $6.02 billion. Occidental Petroleum had a return on equity of 9.89% and a net margin of 9.14%.The firm's quarterly revenue was down 5.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.80 earnings per share. On average, equities research analysts expect that Occidental Petroleum will post 3.58 EPS for the current year.

Hedge Funds Weigh In On Occidental Petroleum

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Lane Brothers & Co. Inc. purchased a new stake in shares of Occidental Petroleum during the fourth quarter worth about $273,000. Larry Mathis Financial Planning LLC acquired a new stake in Occidental Petroleum during the 4th quarter valued at approximately $223,000. PeakShares LLC purchased a new stake in Occidental Petroleum during the 4th quarter worth approximately $178,000. EMC Capital Management purchased a new stake in Occidental Petroleum during the 4th quarter worth approximately $94,000. Finally, Pure Financial Advisors LLC acquired a new position in shares of Occidental Petroleum in the 4th quarter valued at approximately $233,000. 88.70% of the stock is owned by hedge funds and other institutional investors.

Occidental Petroleum News Roundup

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.

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.

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