Fintel reports that on September 3, 2026, Seaport Global initiated coverage of Occidental Petroleum Corporation – Equity Warrant (NYSE:OXY.WS) with a Buy recommendation.
Prior to this rating action, the security closed at $38.88 on September 2, 2026. This closing price represents a 5.95% increase from the baseline close of $36.70 on August 26, 2026, and a 10.86% increase from the baseline close of $35.07 on July 31, 2026.
Separately from Seaport Global’s individual rating, aggregate consensus data compiled on August 28, 2026, showed a mean target price of $43.45 and a median target price of $44.32 for the security, representing an implied change of +11.76%. This mean target reflects a 6.88% upward revision from the prior consensus target mean of $40.66 recorded on August 4, 2026. As of September 1, 2026, the broader analyst recommendation profile consisted of 4 strong buy, 9 buy, 16 hold, and no sell or strong sell recommendations, totaling 29 recommendations. This distribution translates to 44.8% positive recommendations and 55.2% hold recommendations. One month prior, on August 1, 2026, the recommendation profile stood at 3 strong buy, 10 buy, and 16 hold recommendations.
Other financial institutions have also recently updated or maintained their coverage of the company. On August 17, 2026, Barclays maintained an Overweight rating. Susquehanna maintained its Positive rating on August 11, 2026, while Truist Securities maintained a Hold rating on August 10, 2026. Earlier in August, Wells Fargo maintained an Overweight rating on August 7, 2026, and Barclays maintained an Overweight rating on August 6, 2026.
Occidental Petroleum Corporation is a US-based multinational organization engaged in hydrocarbon exploration and petrochemical manufacturing, with a focus on oil and natural gas operations in the Permian Basin and the Middle East. The company also operates a petrochemical division, OxyChem, which produces polyvinyl chloride resins and chlorine. According to the company’s Form 10-Q quarterly report filed with the SEC on August 5, 2026, for the quarterly period ended June 30, 2026, the Consolidated Condensed Statements of Equity showed that for the period starting from a March 31, 2025 balance, the company recorded net income of $458 million attributable to common stock and $10 million attributable to noncontrolling interest, totaling $468 million. During that historical period, the company declared dividends on common stock of $0.24 per share (totaling $238 million) and dividends on preferred stock of $2,000 per share (totaling $170 million). Additionally, shareholder warrants exercised showed $9 million of common stock and $884 million of additional paid-in capital, totaling $893 million.
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