The Occidental Petroleum Corp (OXY) share price is expected to increase by 23.91% over the next year. This is based on calculating the average 12-month share price estimate provided by 24 stock analysts who have covered OXY. Price targets range from $54 at the low end to $77 at the high end. The current analyst consensus for OXY is a buy. Please note analyst price targets are not guaranteed and could be missed completely.
OXY is a stock in Energy which has been forecasted to be worth $62.96 as an average. On the higher end, the forecast price is $77 USD by Doug Leggate from B of A Securities and on the lower end OXY is forecasted to be $54 by from Barclays.
These are the latest 20 analyst ratings of OXY.
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
---|---|---|---|---|
John Royall JP Morgan | Neutral | $56 | Reinstates | Nov 8, 2024 |
Biju Perincheril Susquehanna | Positive | $77 | Maintains | Oct 18, 2024 |
Jean Ann Salisbury B of A Securities | Neutral | $57 | Reinstates | Oct 17, 2024 |
Paul Cheng Scotiabank | Sector Outperform | $65 | Maintains | Oct 10, 2024 |
BMO Capital | Market Perform | $65 | Maintains | Oct 4, 2024 |
Betty Jiang Barclays | Equal-Weight | $58 | Maintains | Oct 3, 2024 |
Neil Mehta Goldman Sachs | Neutral | $55 | Reinstates | Oct 2, 2024 |
Neal Dingmann Truist Securities | Hold | $56 | Maintains | Sep 30, 2024 |
Stephen Richardson Evercore ISI Group | Underperform | $63 | Maintains | Sep 30, 2024 |
Roger Read Wells Fargo | Equal-Weight | $56 | Maintains | Sep 27, 2024 |
Josh Silverstein UBS | Neutral | $59 | Maintains | Sep 18, 2024 |
Nitin Kumar Mizuho | Neutral | $72 | Maintains | Sep 16, 2024 |
Biju Perincheril Susquehanna | Positive | $78 | Maintains | Sep 4, 2024 |
Josh Silverstein UBS | Neutral | $70 | Maintains | Aug 20, 2024 |
Neal Dingmann Truist Securities | Hold | $65 | Maintains | Aug 12, 2024 |
Roger Read Wells Fargo | Equal-Weight | $65 | Maintains | Aug 9, 2024 |
Mike Scialla Stephens & Co. | Overweight | $76 | Reiterates | Aug 8, 2024 |
Neal Dingmann Truist Securities | Hold | $67 | Maintains | Jul 22, 2024 |
Doug Leggate Wolfe Research | Outperform | Reinstates | Jul 18, 2024 | |
Mike Scialla Stephens & Co. | Overweight | $77 | Maintains | Jul 15, 2024 |
When did it IPO
1981
Staff Count
12,570
Country
United States
Sector/Industry
Energy/Oil & Gas E&P
CEO
Ms. Vicki A. Hollub
Market Cap
$47.52B
In 2023, OXY generated $28.26B in revenue, which was a decrease of -22.87% from the previous year. This can be seen as a signal that OXY's business is declining, and its share price could be worth less in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Summary - Warren Buffett, a highly respected investor, significantly influences the market as many investors follow his advice and replicate his portfolio strategies.
Why It Matters - Warren Buffett's actions and recommendations can significantly impact market trends and investor confidence, potentially affecting stock prices and investment strategies.
Summary - Occidental (NYSE: OXY) declared a quarterly dividend of $0.22 per share, payable on January 15, 2025, to shareholders recorded by December 10, 2024.
Why It Matters - Occidental's declaration of a quarterly dividend indicates financial stability and returns to shareholders, which can boost investor confidence and attract new investments.
Summary - Occidental (OXY) is not expected to achieve a likely earnings beat in its upcoming report due to lacking key performance indicators. Investors should be aware of this outlook.
Why It Matters - Occidental's lack of key ingredients for an earnings beat may signal weaker performance, potentially impacting stock price and investor sentiment.
Summary - Occidental Petroleum (OXY) closed at $51.39, reflecting a 1.96% increase from the previous trading session.
Why It Matters - Occidental Petroleum's 1.96% rise indicates positive market sentiment, potentially boosting investor confidence and signaling momentum in the energy sector.
Summary - Berkshire Hathaway is reducing its stock holdings overall, but will maintain investments in three specific companies.
Why It Matters - Buffett's reduced stock exposure signals a potential shift in market outlook, which may impact investor confidence and drive stock prices for the affected companies.
Summary - Retail investors can benefit by tracking Wall Street analysts' rating shifts. Three stocks are highlighted for potential upgrades as investment opportunities.
Why It Matters - Analyst upgrades can signal potential stock price increases, offering retail investors insights to align their strategies with market trends and capitalize on favorable ratings.