UBS Group Issues Positive Forecast for Occidental Petroleum (NYSE:OXY) Stock Price

Key Points

• UBS raised its price target on Occidental from $49 to $55 but maintained a "neutral" rating, leaving only about a 1.8% implied upside; the street consensus is a "Hold" with an average target near $50.90 (7 Buys, 12 Holds, 5 Sells).
• Occidental has upsized a cash tender offer to repurchase notes from $700M to $1.2B, a move that reduces outstanding debt and interest burden, while Berkshire's ~29% stake and a recent insider purchase are cited as confidence boosters for the stock.
• The company beat on EPS (Q-quarter EPS $0.31 vs. $0.18 expected) but missed on revenue, which fell ~5.2% year‑over‑year, and shares are trading near multi‑year highs (~$54) amid the broader oil rally.

Occidental Petroleum (NYSE:OXY - Get Free Report) had its target price lifted by UBS Group from $49.00 to $55.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a "neutral" rating on the oil and gas producer's stock. UBS Group's price objective would suggest a potential upside of 1.76% from the stock's current price.

OXY has been the topic of a number of other reports. Citigroup dropped their price objective on Occidental Petroleum from $49.00 to $45.00 and set a "neutral" rating on the stock in a research note on Wednesday, November 19th. Bank of America boosted their price target on Occidental Petroleum from $44.00 to $45.00 in a research note on Tuesday, January 27th. Jefferies Financial Group increased their price target on Occidental Petroleum from $42.00 to $47.00 and gave the stock a "hold" rating in a report on Monday, February 23rd. Barclays lifted their price objective on shares of Occidental Petroleum from $50.00 to $55.00 and gave the company an "equal weight" rating in a research note on Monday, February 23rd. Finally, TD Cowen increased their target price on shares of Occidental Petroleum from $48.00 to $54.00 and gave the stock a "hold" rating in a research note on Monday, February 23rd. Seven equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and five have issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $50.90.

Occidental Petroleum Trading Up 0.8%

Shares of NYSE OXY traded up $0.44 during midday trading on Thursday, reaching $54.05. The stock had a trading volume of 4,204,682 shares, compared to its average volume of 12,959,022. The company's 50 day moving average price is $45.51 and its 200 day moving average price is $44.12. 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 twelve month low of $34.78 and a twelve month high of $56.34. The firm has a market cap of $53.31 billion, a price-to-earnings ratio of 33.57 and a beta of 0.34.

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

Insider Activity at Occidental Petroleum

In related news, Director William R. Klesse acquired 5,000 shares of the stock in a transaction dated Tuesday, December 16th. The stock was purchased at an average cost of $38.98 per share, with a total value of $194,900.00. Following the completion of the purchase, the director directly owned 218,913 shares in the company, valued at $8,533,228.74. This trade represents a 2.34% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.31% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Occidental Petroleum

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Woodline Partners LP boosted its holdings in Occidental Petroleum by 40.7% during the 1st quarter. Woodline Partners LP now owns 57,079 shares of the oil and gas producer's stock worth $2,817,000 after acquiring an additional 16,506 shares during the last quarter. Hantz Financial Services Inc. boosted its holdings in Occidental Petroleum by 1,193.9% during the second quarter. Hantz Financial Services Inc. now owns 854 shares of the oil and gas producer's stock worth $36,000 after purchasing an additional 788 shares during the last quarter. Sigma Planning Corp grew its position in Occidental Petroleum by 2.6% in the 2nd quarter. Sigma Planning Corp now owns 13,710 shares of the oil and gas producer's stock worth $576,000 after purchasing an additional 341 shares in the last quarter. Crestwood Advisors Group LLC purchased a new stake in Occidental Petroleum in the 2nd quarter valued at about $251,000. Finally, Moors & Cabot Inc. lifted its position in shares of Occidental Petroleum by 4.6% during the 2nd quarter. Moors & Cabot Inc. now owns 29,642 shares of the oil and gas producer's stock worth $1,245,000 after buying an additional 1,295 shares in the last quarter. 88.70% of the stock is owned by hedge funds and other institutional investors.

More Occidental Petroleum News

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

• Positive Sentiment: MarketBeat profiles Occidental as a high-torque crude producer with a strengthened balance sheet after the OxyChem sale and the “Buffett backstop,” arguing OXY is well positioned to benefit from a durable geopolitical premium on oil — supportive for higher valuations. Chaos & Crude: 3 Energy Stocks Built to Thrive in This Market
• Positive Sentiment: Occidental announced an upsized cash tender offer, raising the maximum notes it will repurchase from $700M to $1.2B — a move that reduces outstanding debt, lowers interest burden over time, and signals active balance-sheet management. Tender Offers and Consent Solicitations
• Positive Sentiment: News reports show OXY shares hitting multi‑year highs as the oil rally lifts energy names; this momentum is self-reinforcing as investors chase exposure to leveraged E&P upside. Shares Surge to Multi-Year Peak
• Positive Sentiment: Coverage emphasizing Warren Buffett / Berkshire’s ~29% stake is boosting investor confidence and retail bullishness—an important psychological and liquidity backstop for the stock. Buffett’s 29% Stake
• Neutral Sentiment: Kosmos and Oxy are seeking a third partner for a U.S. Gulf find — a positive exploration development but still early-stage; partner terms and appraisal results will determine value delivery. Kosmos and Oxy seeking third partner
• Neutral Sentiment: Occidental and 1PointFive’s STRATOS DAC plant is nearing start-up in the Permian — supports long-term strategy and carbon‑tech optionality but limited immediate earnings impact. STRATOS DAC plant nears startup
• Negative Sentiment: Geopolitical headlines (report of Iranian officials contacting U.S.) briefly knocked back gains in major oil names, reminding investors that headline risk can cause sharp intraday swings even when fundamentals are supportive. Occidental, Chevron Stocks Slip
• Negative Sentiment: Some analysts highlight OXY’s past underperformance versus E&P peers and urge more cautious comparisons (valuation and volatility risks remain), which could cap upside if sentiment softens. Stock Performance vs. Peers

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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