SteelPeak Wealth LLC Invests $343,000 in Occidental Petroleum Corporation $OXY

SteelPeak Wealth LLC bought a new stake in Occidental Petroleum Corporation (NYSE:OXY) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 8,292 shares of the oil and gas producer’s stock, valued at approximately $343,000.

A number of other hedge funds have also bought and sold shares of the business. Moody National Bank Trust Division raised its stake in Occidental Petroleum by 1.5% in the 3rd quarter. Moody National Bank Trust Division now owns 15,555 shares of the oil and gas producer’s stock worth $735,000 after purchasing an additional 229 shares in the last quarter. Jamison Private Wealth Management Inc. grew its position in shares of Occidental Petroleum by 1.8% during the 4th quarter. Jamison Private Wealth Management Inc. now owns 13,934 shares of the oil and gas producer’s stock worth $573,000 after purchasing an additional 249 shares in the last quarter. Woodward Diversified Capital LLC increased its holdings in shares of Occidental Petroleum by 4.2% during the fourth quarter. Woodward Diversified Capital LLC now owns 6,652 shares of the oil and gas producer’s stock worth $274,000 after purchasing an additional 270 shares during the period. Inscription Capital LLC raised its position in shares of Occidental Petroleum by 0.8% in the third quarter. Inscription Capital LLC now owns 32,734 shares of the oil and gas producer’s stock valued at $1,547,000 after buying an additional 271 shares in the last quarter. Finally, Cigna Investments Inc. New boosted its stake in shares of Occidental Petroleum by 4.3% in the third quarter. Cigna Investments Inc. New now owns 6,809 shares of the oil and gas producer’s stock valued at $321,000 after buying an additional 280 shares during the period. 88.70% of the stock is owned by institutional investors.

Key Occidental Petroleum News

Here are the key news stories impacting Occidental Petroleum this week:

• Positive Sentiment: Analyst upgrade/price-target lift — Wolfe Research raised its price target on OXY to $70 from $67 and maintained an “outperform” rating, implying roughly double-digit upside from recent levels and providing immediate supportive analyst sentiment for the stock. Wolfe Research Adjusts Price Target on Occidental Petroleum to $70 from $67, Maintains Outperform Rating
• Positive Sentiment: Earnings-beat setup — Multiple pieces (Zacks and Yahoo Finance) highlight OXY’s strong earnings-surprise history and its positioning to beat the next quarterly EPS estimate, which supports a bullish near-term earnings trade and could lift the stock if the beat materializes. Why Occidental (OXY) Could Beat Earnings Estimates Again (Yahoo) Why Occidental (OXY) Could Beat Earnings Estimates Again (Zacks)
• Positive Sentiment: Longer-term bullish thesis — A Seeking Alpha piece frames OXY as a Warren Buffett–owned stock with more upside, which can attract value and income-oriented buyers given OXY’s cash return profile and Occidental’s scale in production and chemicals. Occidental Petroleum: Why This Warren Buffett Stock Has A Lot More Upside
• Neutral Sentiment: Sector/earnings screens flag OXY — Zacks’ broader screens (Earnings ESP) list OXY among energy names that could beat; useful for traders but not a direct company-specific catalyst beyond earnings season timing. These 2 Oils-Energy Stocks Could Beat Earnings: Why They Should Be on Your Radar Why Investors Need to Take Advantage of These 2 Oils and Energy Stocks Now
• Negative Sentiment: Geopolitical risk flag from media pundits — Jim Cramer and others warned OXY could be a “big loser if peace breaks out” (i.e., a drop in geopolitical risk or oil price normalization would hurt cash flow/valuation). That conditional downside keeps the stock sensitive to news on the Iran/conflict backdrop and crude prices. Jim Cramer Says Occidental Petroleum Is a “Big Loser If Peace Breaks Out” and Vice Versa Jim Cramer Says Occidental Petroleum Is a “Big Loser If Peace Breaks Out” (InsiderMonkey)

Occidental Petroleum Stock Performance

NYSE OXY opened at $62.91 on Tuesday. The firm’s fifty day moving average price is $53.59 and its two-hundred day moving average price is $46.32. The stock has a market cap of $62.39 billion, a PE ratio of 39.07 and a beta of 0.23. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.74 and a current ratio of 0.94. Occidental Petroleum Corporation has a fifty-two week low of $34.78 and a fifty-two week high of $67.45.

Occidental Petroleum (NYSE:OXY) last announced its quarterly earnings results on Wednesday, February 18th. The oil and gas producer reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.13. Occidental Petroleum had a return on equity of 9.89% and a net margin of 9.14%.The company had revenue of $5.11 billion during the quarter, compared to analysts’ expectations of $6.02 billion. During the same period in the prior year, the company earned $0.80 EPS. Occidental Petroleum’s revenue was down 5.2% compared to the same quarter last year. On average, equities analysts expect that Occidental Petroleum Corporation will post 3.58 EPS for the current fiscal year.

Occidental Petroleum Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 10th will be given a $0.26 dividend. This is a boost from Occidental Petroleum’s previous quarterly dividend of $0.24. This represents a $1.04 annualized dividend and a yield of 1.7%. The ex-dividend date is Tuesday, March 10th. Occidental Petroleum’s dividend payout ratio is 64.60%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on OXY shares. Citigroup raised their price objective on Occidental Petroleum from $45.00 to $67.00 and gave the stock a “neutral” rating in a research note on Monday, March 30th. Truist Financial began coverage on Occidental Petroleum in a report on Tuesday, March 24th. They set a “hold” rating and a $65.00 target price on the stock. Mizuho boosted their price target on Occidental Petroleum from $67.00 to $72.00 and gave the company an “outperform” rating in a research note on Tuesday, March 17th. Stephens upped their price objective on shares of Occidental Petroleum from $59.00 to $74.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 31st. Finally, Bank of America increased their price objective on shares of Occidental Petroleum from $44.00 to $45.00 in a research note on Tuesday, January 27th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Occidental Petroleum currently has a consensus rating of “Hold” and an average target price of $59.52.

About Occidental Petroleum

Occidental Petroleum Corporation (OXY) is an international energy company engaged primarily in the exploration, production and marketing of oil and natural gas. The company conducts upstream activities to discover and produce hydrocarbons and operates complementary midstream and marketing functions to transport and sell its production. Occidental also owns a chemicals business that manufactures and sells industrial chemicals and related products for a range of end markets.

Occidental’s operations are concentrated in the United States, with a significant presence in the Permian Basin, and it maintains exploration and production activities in several international regions, including parts of the Middle East, Latin America and Africa.