On March 24, 2026, Truist Securities initiated coverage of Occidental Petroleum Corporation – Equity Warrant (NYSE:OXY.WS) with a Hold recommendation. The firm’s analysis suggests a potential average price decline of 21.88%, with a one-year price target of $31.05 per share, down from the latest closing price of $39.76 per share.
The projected annual revenue for Occidental Petroleum is estimated at $21.85 billion, reflecting a growth of 1.18%. Institutional ownership saw a reduction of 1.83% in the last quarter, with 268 funds reporting positions. Total institutional shares dropped by 6.95% to 10.09 million shares.
Key shareholders include MFN Partners Management with 5.69 million shares unchanged, while Philip James Wealth Management reduced its stake from 1.28 million to 1.23 million shares, marking a 3.86% decline. Susquehanna International Group also decreased its holdings by 2.21% to 557,000 shares.
