Susquehanna Raises Occidental Petroleum (OXY) Price Target to $77
Key Points
- Susquehanna reiterated its Positive rating on Occidental Petroleum Corporation on October 20, 2026, moving its price target up to $77.00 from $70.00.
- Susquehanna's $77 price target implies 22.77% upside from Occidental Petroleum Corporation's ($OXY) current $62.72 share price.
- Occidental Petroleum recently traded around $62.72, sitting comfortably above both its 50-day and 200-day moving averages.
- Wall Street maintains a consensus buy rating on the stock with 26 analysts covering the energy firm.
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On October 20, 2026, Susquehanna updated its outlook on Occidental Petroleum Corporation NYSE: OXY, keeping a Positive rating while bumping up its price target. The firm raised its target to $77.00 from $70.00 in a research note released that day.
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Analysts Set New Price Targets
Susquehanna joins several other firms updating their views on the energy producer. On October 14, UBS maintained its Neutral rating and lifted its target to $73.00 from $67.00. The following day, Morgan Stanley kept an Equal-Weight rating and moved its target from $69.00 to $71.00, while Truist Securities maintained a Hold rating with a target of $64.00, up from $63.00. Most recently, on October 19, Stephens & Co. maintained an Overweight rating and raised its target to $80.00 from $78.00. Overall, the stock carries a consensus buy recommendation from 26 analysts who share a mean price target of $69.88.
Other Institutional Activity in Occidental Petroleum Corporation
Large funds continue to adjust their holdings in the oil and gas explorer. Berkshire Hathaway, Inc held steady with 264,941,431 shares valued at about $16.62 billion. Dodge & Cox Inc. trimmed its stake by 1,318,689 shares, ending the period with 72,764,944 shares worth roughly $4.56 billion. Meanwhile, AQR Capital Management, LLC grew its holdings by 2,754,298 shares to finish with 11,473,188 shares valued near $719.6 million.
Occidental Petroleum Corporation Stock Up 0.5%
The company's shares recently traded around $62.72, matching the closing price from October 19, 2026. That price puts the stock 5.5% above its 50-day moving average of $59.46 and well above its 200-day moving average of $55.14. The shares sit 7.0% below their 52-week high of $67.45 and 61.6% above their 52-week low of $38.80.
$OXY price target
Occidental Petroleum Corporation daily closes and this analyst's $77 target. Not advice.
Recent Earnings
Occidental Petroleum reported trailing twelve-month revenue of $23.93 billion alongside earnings of $3.52 per share. The company posted a net profit margin of 30.3% and a return on equity of 10.6%. The company's next earnings report is scheduled for November 9, 2026.
Dividend
The company pays an annual dividend rate of $1.12 per share, giving it a dividend yield of 1.79% based on recent trading levels. That payout takes up 28.4% of the company's earnings.
Insider Buying and Selling at Occidental Petroleum Corporation
Chief Executive Officer Richard A. Jackson bought 4,770 shares on June 23, 2026, at an average price of $52.38 for a total value of $249,853.
About Occidental Petroleum Corporation
Headquartered in Houston, Texas, Occidental Petroleum explores for and produces oil, natural gas liquids, and natural gas. The firm operates extensive upstream oil and gas assets alongside midstream and marketing operations that handle transport and storage capacity.
Bottom Line
Investors will look toward the company's upcoming earnings release on November 9, 2026, for fresh details on operational performance. Market participants continue to track institutional filing updates and analyst revisions as energy prices shift.
Related Filing Alerts
Source: Susquehanna's rating change on $OXY (Oct 20, 2026). Written by software, not financial advice. How we make alerts