Occidental Petroleum Corp [OXY] stock Downgrade by Scotiabank analyst, price target now $40

Occidental Petroleum Corp [NYSE: OXY] loss -1.03% on the last trading session, reaching $43.35 price per share at the time.

Occidental Petroleum Corp represents 984.13 million in outstanding shares, while the company has a total market value of $42.66 billion with the latest information. OXY stock price has been found in the range of $42.7903 to $44.17.

If compared to the average trading volume of 13.27M shares, OXY reached a trading volume of 12437556 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Occidental Petroleum Corp [OXY]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for OXY shares is $49.58 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on OXY stock is a recommendation set at 2.63. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Scotiabank have made an estimate for Occidental Petroleum Corp shares, keeping their opinion on the stock as Sector Perform, with their previous recommendation back on April 11, 2025. The new note on the price target was released on April 08, 2025, representing the official price target for Occidental Petroleum Corp stock. Previously, the target price had yet another drop from $81 to $64, while Raymond James kept a Outperform rating on OXY stock. On January 31, 2025, analysts decreased their price target for OXY shares from 54 to 45.

The Price to Book ratio for the last quarter was 1.55, with the Price to Cash per share for the same quarter was set at 2.67. Price to Free Cash Flow for OXY in the course of the last twelve months was 9.62 with Quick ratio for the last quarter at 0.79.

Trading performance analysis for OXY stock

Occidental Petroleum Corp [OXY] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.76. With this latest performance, OXY shares gained by 3.44% in over the last four-week period, additionally sinking by -12.26% over the last 6 months – not to mention a drop of -12.26% in the past year of trading.

Occidental Petroleum Corp [OXY]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Occidental Petroleum Corp [OXY] shares currently have an operating margin of 22.82% and a Gross Margin at 36.13%. Occidental Petroleum Corp’s Net Margin is presently recorded at 8.67%.

Return on Equity for this stock inclined to 3.88%, with Return on Assets sitting at 3.88%.

Occidental Petroleum Corp [OXY]: An earnings per share (EPS) analysis

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for OXY. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Occidental Petroleum Corp go to 6.03%.

An analysis of Institutional ownership at Occidental Petroleum Corp [OXY]

There are presently around $49.48%, or 67.99% of OXY stock, in the hands of institutional investors. The top three institutional holders of OXY stocks are: BERKSHIRE HATHAWAY INC with ownership of 255.28 million shares, which is approximately 28.5614%. DODGE & COX, holding 78.36 million shares of the stock with an approximate value of $$4.94 billion in OXY stocks shares; and DODGE & COX, currently with $$3.54 billion in OXY stock with ownership which is approximately 6.2753%.

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