Occidental Petroleum stock gains as Stifel starts coverage with a Hold rating

Published on 09/10/2026 at 15:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Occidental Petroleum stock closed at USD 61.38 on September 9, 2026, up 1.21 percent on the NYSE. Stifel initiated coverage with a Hold rating and a USD 68 price target, highlighting Occidental as a pure play on crude beta.

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Occidental Petroleum stock (ISIN US6745991058) ended trading on the New York Stock Exchange at USD 61.38 on September 9, 2026, up 1.21 percent from the prior close, giving the company a market capitalization in the mid tens of billions of dollars as oil prices hover around the USD 100 per barrel mark.

Stifel initiates coverage with a Hold and USD 68 target

According to TipRanks on September 9, 2026, Stifel resumed coverage of Occidental Petroleum with a Hold rating and set a price target of USD 68 per share, positioning the stock as a clean expression on crude beta given the company’s limited use of hedging.

Stifel’s target of USD 68 stands about 10.8 percent above the September 9, 2026 closing price of USD 61.38, implying moderate upside in the current environment where Brent crude recently traded above USD 100 per barrel.

Dividend and ex-dividend date provide income focus

Occidental has underscored its shareholder-return strategy with a regular cash dividend. As Yahoo Finance reported on September 10, 2026, the company recently announced a total dividend of USD 0.28 per share, consisting entirely of a cash dividend, with an ex-dividend date set for September 10, 2026 and payment scheduled for October 15, 2026.

This USD 0.28 per share dividend for the upcoming October 15, 2026 payment compares with a similar cash distribution in prior quarters, and at the September 9, 2026 closing price of USD 61.38 it represents a single-payment yield of around 0.46 percent for investors capturing that distribution.

Recent options activity and oil backdrop

Options markets have also been active in Occidental Petroleum. As Futunn summarized on September 10, 2026, Stifel’s initiation and the broader oil rally have coincided with elevated derivatives trading in the name.

On September 9, 2026, Occidental saw a total of 140,430 options contracts change hands, with call options accounting for 95.98 percent of the volume and put options only 4.02 percent, according to Moomoo; this skew toward calls indicates a market leaning toward upside exposure rather than downside protection.

Next earnings date and trading levels

Per the overview on MarketBeat as of September 10, 2026, Occidental Petroleum’s next earnings release is estimated for November 9, 2026, with the company’s fiscal year ending December 31, 2026.

The same MarketBeat overview shows a closing price of USD 61.38 on the NYSE on September 9, 2026 and highlights that OXY has traded around USD 61.47 in recent mark prices on derivatives platforms, placing the stock moderately below typical 52-week highs in the sector at a time when Brent crude has closed above USD 100 per barrel in recent sessions.

Stock price and investor takeaway

Occidental Petroleum stock closed at USD 61.38 on the NYSE on September 9, 2026, up 1.21 percent on the day in regular trading, with intraday and extended-hours moves keeping the shares around the USD 61 to USD 62 band as investors weigh Stifel’s USD 68 Hold target, the USD 0.28 dividend payable on October 15, 2026, and the elevated call-option activity seen on September 9, 2026.