Occidental Petroleum Corporation (NYSE:OXY) Given Average Rating of "Hold" by Analysts

Key Points

• Analysts maintain a “Hold” consensus on Occidental Petroleum, with 16 hold ratings and 10 buy ratings among 26 brokerages. The average 12-month price target is approximately $64.17, compared with the stock’s $53.80 opening price.
• Occidental significantly exceeded second-quarter expectations, reporting adjusted EPS of $2.40 versus the $1.83 consensus and revenue of about $8.06 billion, up 53.4% year over year.
• Despite the strong earnings beat, falling oil prices, commodity volatility and valuation concerns could limit upside and weigh on future revenue and cash flow.

Shares of Occidental Petroleum Corporation (NYSE:OXY - Get Free Report) have received an average rating of "Hold" from the twenty-six brokerages that are presently covering the stock, Marketbeat Ratings reports. Sixteen equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $64.1739.

Several analysts have issued reports on the company. Scotiabank upped their target price on Occidental Petroleum from $46.00 to $57.00 and gave the stock a "sector perform" rating in a research note on Wednesday, April 22nd. Capital One Financial boosted their price objective on shares of Occidental Petroleum from $67.00 to $70.00 in a report on Wednesday, May 27th. Truist Financial cut their price target on shares of Occidental Petroleum from $65.00 to $57.00 and set a "hold" rating for the company in a research report on Friday, May 8th. Weiss Ratings cut shares of Occidental Petroleum from a "hold (c+)" rating to a "hold (c)" rating in a report on Tuesday, June 23rd. Finally, Morgan Stanley lowered their price target on shares of Occidental Petroleum from $74.00 to $68.00 and set an "equal weight" rating for the company in a report on Friday, June 26th.

Key Headlines Impacting Occidental Petroleum

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

• Positive Sentiment: Q2 results significantly exceeded expectations. Occidental reported adjusted earnings of $2.40 per share, above consensus estimates ranging from $1.83 to $1.92 and up sharply from $0.39 a year earlier. Revenue increased roughly 52%–53% year over year to approximately $8.07 billion, also topping expectations. Occidental Petroleum Q2 Earnings and Revenues Top Estimates
• Positive Sentiment: The earnings growth was supported by stronger operating performance, while analysts had highlighted debt reduction and cash flow generation as potential catalysts ahead of the report. Occidental posted a 19.98% net margin and 9.65% return on equity. Occidental Petroleum Reports Upbeat Q2
• Neutral Sentiment: Management announced the results after the market close and scheduled a conference call for August 6. Investors may look for additional details on production, cash flow, debt repayment and the outlook. Occidental Announces Second Quarter 2026 Results
• Negative Sentiment: Falling oil prices pressured the stock. Reports linked the decline in crude prices to US-Iran peace-talk developments, raising concerns that lower commodity prices could reduce Occidental’s future revenue and cash flow. Occidental Petroleum in Focus as Oil Slides on US-Iran Peace Talks
• Negative Sentiment: Despite the earnings beat, analysts cautioned that commodity volatility and a relatively premium valuation could limit further upside. A recent pullback may reflect investor concerns about the company’s longer-term fundamentals rather than a lack of quarterly execution. Occidental Petroleum Set to Report Q2 Earnings

Occidental Petroleum Stock Down 2.3%

OXY opened at $53.80 on Thursday. The business's fifty day simple moving average is $54.25 and its 200 day simple moving average is $54.29. Occidental Petroleum has a 52 week low of $38.80 and a 52 week high of $67.45. The company has a quick ratio of 1.01, a current ratio of 1.21 and a debt-to-equity ratio of 0.49. The stock has a market cap of $53.52 billion, a PE ratio of 13.55, a P/E/G ratio of 0.81 and a beta of 0.15.

Occidental Petroleum (NYSE:OXY - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The oil and gas producer reported $2.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.57. The firm had revenue of $8.06 billion during the quarter, compared to analyst estimates of $7.07 billion. Occidental Petroleum had a return on equity of 9.65% and a net margin of 19.98%.The company's revenue was up 53.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.39 earnings per share. As a group, research analysts expect that Occidental Petroleum will post 5.35 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Richard A. Jackson acquired 4,770 shares of the firm's stock in a transaction on Tuesday, June 23rd. The shares were purchased at an average price of $52.38 per share, for a total transaction of $249,852.60. Following the completion of the transaction, the chief executive officer owned 444,098 shares of the company's stock, valued at $23,261,853.24. The trade was a 1.09% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.50% of the company's stock.

Institutional Trading of Occidental Petroleum

Large investors have recently modified their holdings of the business. Axiom Investment Management LLC bought a new position in Occidental Petroleum during the 1st quarter valued at approximately $25,000. GKV Capital Management Co. Inc. purchased a new position in shares of Occidental Petroleum during the first quarter valued at approximately $26,000. Portus Wealth Advisors LLC purchased a new position in shares of Occidental Petroleum during the first quarter valued at approximately $29,000. Caitlin John LLC bought a new position in shares of Occidental Petroleum during the fourth quarter valued at approximately $29,000. Finally, Activest Wealth Management lifted its stake in Occidental Petroleum by 68.5% in the fourth quarter. Activest Wealth Management now owns 750 shares of the oil and gas producer's stock worth $31,000 after acquiring an additional 305 shares during the period. 88.70% of the stock is owned by institutional investors.

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.

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