Occidental Petroleum (OXY) Upgraded to Buy by Roth Capital
Roth Capital raised OXY to Buy, citing unhedged oil exposure through 2027 and a $10 billion debt target. Insider buying and a 1.66% dividend yield support the case.
On October 19, 2026, Occidental Petroleum Corp (NYSE: OXY) upgraded to Buy from Neutral by Roth Capital.
Roth Capital cited OXY's leverage to higher oil prices and unhedged positions through 2027. The firm also noted an improving balance sheet and a strong drilling inventory. The analyst report pointed to Occidental's plan to reduce gross debt to $10 billion and boost free cash flow by $4 billion by 2030 through cost-cutting.
The stock's dividend yield is 1.66%, supported by a payout ratio of 33% and a three-year compound growth rate of 22.7%, according to the note. GuruFocus data cited in the report showed OXY trades about 24.6% above an estimated intrinsic value of $50.31 per share.
Insider buying totalled $0.4 million over the past 12 months, with no sales reported. Thirteen institutional gurus hold the stock; seven trimmed and four added in recent quarters. Occidental's Alpha Score of 49, labelled Mixed, shows solid financial strength alongside weak growth.
Occidental targets $10 billion in gross debt by 2030.
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