--- title: "Occidental Petroleum (NYSE:OXY) Price Target Raised to $63.00 at Truist Financial" type: "News" locale: "en" url: "https://longbridge.com/en/news/295437061.md" description: "Truist Financial raised its price target for Occidental Petroleum (OXY) from $57.00 to $63.00, maintaining a 'hold' rating. This follows similar analyst actions: Susquehanna increased its target to $67.00 with a 'positive' rating, while UBS lowered its target to $65.00 with a 'neutral' rating. Other firms like Jefferies and Stephens also adjusted their targets. The consensus rating remains 'Hold' with an average target of $64.87. OXY recently reported strong quarterly earnings, beating estimates on both EPS and revenue." datetime: "2026-08-10T18:18:26.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/295437061.md) - [en](https://longbridge.com/en/news/295437061.md) - [zh-HK](https://longbridge.com/zh-HK/news/295437061.md) generator: "portal-rs" --- # Occidental Petroleum (NYSE:OXY) Price Target Raised to $63.00 at Truist Financial Occidental Petroleum (NYSE:OXY - Get Free Report) had its price target increased by research analysts at Truist Financial from $57.00 to $63.00 in a research note issued on Monday,Benzinga reports. The firm presently has a "hold" rating on the oil and gas producer's stock. Truist Financial's price objective suggests a potential upside of 7.37% from the stock's previous close. - Berkshire Hathaway’s Record Cash Hoard: Why and What's Next? A number of other brokerages also recently commented on OXY. Susquehanna boosted their target price on shares of Occidental Petroleum from $60.00 to $67.00 and gave the stock a "positive" rating in a research note on Tuesday, April 21st. UBS Group dropped their price objective on Occidental Petroleum from $67.00 to $65.00 and set a "neutral" rating on the stock in a report on Thursday, May 7th. Jefferies Financial Group increased their price target on shares of Occidental Petroleum from $47.00 to $58.00 and gave the company a "hold" rating in a research note on Monday, April 13th. Weiss Ratings downgraded shares of Occidental Petroleum from a "hold (c+)" rating to a "hold (c)" rating in a research report on Tuesday, June 23rd. Finally, Stephens cut their price target on shares of Occidental Petroleum from $73.00 to $69.00 and set an "overweight" rating on the stock in a research note on Tuesday, July 14th. Ten analysts have rated the stock with a Buy rating and sixteen have given a Hold rating to the stock. Based on data from MarketBeat.com, Occidental Petroleum has a consensus rating of "Hold" and an average target price of $64.87. Get **Occidental Petroleum** alerts: **Read Our Latest Report on Occidental Petroleum** ## Occidental Petroleum Trading Up 4.9% - Chaos & Crude: 3 Energy Stocks Built to Thrive in This Market Occidental Petroleum stock traded up $2.76 during trading on Monday, reaching $58.67. 4,821,981 shares of the company were exchanged, compared to its average volume of 13,235,488. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.41 and a quick ratio of 1.13. The stock's 50 day simple moving average is $54.21 and its two-hundred day simple moving average is $54.48. The company has a market capitalization of $58.36 billion, a P/E ratio of 9.08, a PEG ratio of 0.82 and a beta of 0.15. Occidental Petroleum has a 52-week low of $38.80 and a 52-week high of $67.45. 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. Occidental Petroleum had a net margin of 28.36% and a return on equity of 15.31%. The business had revenue of $8.06 billion for the quarter, compared to analysts' expectations of $7.07 billion. During the same quarter in the prior year, the company earned $0.39 earnings per share. The business's quarterly revenue was up 53.4% on a year-over-year basis. On average, equities research analysts expect that Occidental Petroleum will post 5.38 earnings per share for the current fiscal year. ## Insider Buying and Selling - How Berkshire Hathaway Performed During Buffett's Final Quarter In other news, CEO Richard A. Jackson acquired 4,770 shares of the company's stock in a transaction that occurred on Tuesday, June 23rd. The stock was purchased at an average cost of $52.38 per share, with a total value of $249,852.60. Following the purchase, the chief executive officer directly owned 444,098 shares of the company's stock, valued at approximately $23,261,853.24. This trade represents a 1.09% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through 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. BOK Financial Private Wealth Inc. acquired a new position in shares of Occidental Petroleum during the 2nd quarter worth approximately $46,000. Danica Pension Livsforsikringsaktieselskab acquired a new stake in Occidental Petroleum during the 2nd quarter valued at $25,415,000. Danske Bank A S purchased a new position in Occidental Petroleum during the second quarter worth $172,413,000. Diversify Advisory Services LLC acquired a new position in shares of Occidental Petroleum in the second quarter worth $1,234,000. Finally, Gables Capital Management Inc. purchased a new stake in shares of Occidental Petroleum in the second quarter valued at $173,000. 88.70% of the stock is currently owned by institutional investors and hedge funds. ## About Occidental Petroleum (Get Free Report) 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. ## Featured Articles - Five stocks we like better than Occidental Petroleum - SoundHound AI Sends a Loud Signal After Its Q2 Earnings Beat - 3 Dividend Champion Utilities for a Market That Can't Sit Still - These 3 Most-Upgraded Stocks Have Almost Nothing to Do With AI - First Solar’s Profit Engine Faces a New Policy Test in Washington *This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.* Continue following MarketBeat Add MarketBeat as your preferred source on Google to see our latest stories in your feed. Add As Preferred Source ## Should You Invest $1,000 in Occidental Petroleum Right Now? Before you consider Occidental Petroleum, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Occidental Petroleum wasn't on the list. While Occidental Petroleum currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys. 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