--- title: "Weekly Recap | Occidental Petroleum -3.59%, trailing the S&P 500 by over 4 points" type: "News" locale: "en" url: "https://longbridge.com/en/news/297389921.md" description: "Occidental Petroleum (OXY) closed the week at $59.10, down 3.59% from the prior Friday’s close of $61.30. The S&P 500 gained 0.49% over the same period, leaving OXY trailing by 4.08 percentage points. The week opened with a push toward $61.23 on Monday (Aug 24) before fading. Tuesday (Aug 25) and Wednesday (Aug 26) extended the slide, with Wednesday printing an intraday low of $57.54. The stock recovered modestly over the last two sessions but failed to reclaim the $60 handle." datetime: "2026-08-29T06:11:30.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/297389921.md) - [en](https://longbridge.com/en/news/297389921.md) - [zh-HK](https://longbridge.com/zh-HK/news/297389921.md) generator: "portal-rs" --- # Weekly Recap | Occidental Petroleum -3.59%, trailing the S&P 500 by over 4 points ## The Week Occidental Petroleum (OXY) closed the week at $59.10, down 3.59% from the prior Friday’s close of $61.30. The S&P 500 gained 0.49% over the same period, leaving OXY trailing by 4.08 percentage points. The week opened with a push toward $61.23 on Monday (Aug 24) before fading. Tuesday (Aug 25) and Wednesday (Aug 26) extended the slide, with Wednesday printing an intraday low of $57.54. The stock recovered modestly over the last two sessions but failed to reclaim the $60 handle. Weekly amplitude was 6.05%. Average daily volume of 6.10m shares came in about 28% below the median level of 8.48m, suggesting a relatively quiet tape. ## Key Events Company-specific news was sparse this week, with most of the flow coming from industry and market sentiment. A Tuesday (Aug 25) report on diverging capital expenditure among US energy majors after Q2 earnings coincided with OXY closing at $58.41. A pre-market note on Wednesday (Aug 26) flagged the stock underperforming peers again. Friday (Aug 28) saw broader indices climb on an Nvidia-led boost, but caution around Middle East tensions and Fed events kept energy names from joining the rally. Also on Friday, Camarda Financial Advisors LLC disclosed a new position in OXY, a single-firm filing carrying limited weight. ## Analyst Ratings Across 24 institutions covering OXY, 7 rate it buy, 2 rate it overweight, and 15 rate it hold, with no underweight or sell ratings. The consensus rating is buy, and the consensus target price of $66.83 sits 13.07% above the latest close of $59.10. Targets range from $55.00 to $79.00, pointing to meaningful dispersion. Within the integrated oil and gas industry, OXY ranks 3rd out of 15 companies in analyst ratings. ## The Week Ahead A dense macro calendar kicks off Monday (Aug 31) with the Dallas Fed manufacturing activity index, prior reading 1.3. Tuesday (Sep 1) brings the S&P Global US manufacturing PMI final and the ISM manufacturing PMI, the latter at a prior 55.6 with a 55.2 forecast; JOLTS job openings land the same day, prior 7.359m against a 7.3m estimate. Wednesday (Sep 2) features ADP employment, factory orders, and EIA crude and Cushing inventory data, with Cushing stocks last at 1.176m barrels. For an oil-sensitive name like OXY, the inventory prints are the most direct mid-week signal. ## In Short The tape looked weak this week: OXY fell while the broader market rose, volume ran below trend, and the latest session’s flow showed large-lot money on the sell side while small and medium lots were net buyers. Against that, the analyst complex still shows a buy-rated consensus with a target above spot, and valuation sits at roughly 9x trailing earnings and 1.8x book. The tension is between short-term outflows and a still-supportive medium-term rating and valuation backdrop. The next signal to watch is the macro data flow, especially crude inventory numbers, for how oil expectations evolve. *This article is generated by LongbridgeAI from market data, for information only and not investment advice.* ### Related Stocks - [OXY.US](https://longbridge.com/en/quote/OXY.US.md) ## Related News & Research - [OXY Stock Nears a $10B Debt Milestone That Could Change the Story](https://longbridge.com/en/news/297934168.md) - [The Bull Case For Natera (NTRA) Could Change Following New Signatera Lymphoma Data And Komen Partnership](https://longbridge.com/en/news/298111249.md) - [Packaging Corp Of America (PKG) Stock Still Looks Expensive After An 81% Run](https://longbridge.com/en/news/298104282.md) - [4-Oil prices rise on escalation in Middle East](https://longbridge.com/en/news/297926451.md) - [Operose Advisors LLC Buys Shares of 6,720 Chevron Corporation $CVX](https://longbridge.com/en/news/298130313.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**