Occidental Petroleum Corporation $OXY is H&H International Investment LLC’s 7th Largest Position

H&H International Investment LLC decreased its stake in shares of Occidental Petroleum Corporation (NYSE:OXY) by 22.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,261,500 shares of the oil and gas producer’s stock after selling 2,911,100 shares during the period. Occidental Petroleum accounts for 3.3% of H&H International Investment LLC’s portfolio, making the stock its 7th largest position. H&H International Investment LLC’s holdings in Occidental Petroleum were worth $666,998,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the stock. Kentucky Retirement Systems increased its holdings in shares of Occidental Petroleum by 50.3% during the 1st quarter. Kentucky Retirement Systems now owns 66,550 shares of the oil and gas producer’s stock worth $4,326,000 after buying an additional 22,271 shares during the last quarter. Janus Henderson Group PLC increased its stake in Occidental Petroleum by 38.8% during the first quarter. Janus Henderson Group PLC now owns 81,722 shares of the oil and gas producer’s stock worth $5,310,000 after acquiring an additional 22,863 shares during the last quarter. Bull Harbor Capital LLC purchased a new position in shares of Occidental Petroleum in the 1st quarter worth about $702,000. Arkadios Wealth Advisors lifted its stake in shares of Occidental Petroleum by 46.7% in the 1st quarter. Arkadios Wealth Advisors now owns 60,427 shares of the oil and gas producer’s stock valued at $3,928,000 after purchasing an additional 19,244 shares in the last quarter. Finally, IFS Group LLC purchased a new stake in shares of Occidental Petroleum during the 1st quarter worth about $534,000. Institutional investors and hedge funds own 88.70% of the company’s stock.

More Occidental Petroleum News

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

• Positive Sentiment: Oil rally supports OXY: Crude prices climbed amid renewed Middle East supply concerns, including escalating tensions involving Iran and uncertainty surrounding the Strait of Hormuz. Higher oil prices generally benefit Occidental’s upstream operations and cash generation. Occidental Petroleum Rises as Oil Rebounds and Strong Q2 Pricing Supports Earnings Hopes
• Positive Sentiment: Strong realized oil prices raise earnings hopes: Occidental reported an average worldwide realized oil price of $96.78 per barrel for the second quarter, above the period’s average WTI price of $92.79. The company is scheduled to report second-quarter results on August 5, and investors are positioning for potential earnings growth or a beat. Occidental Petroleum Reports Next Week: Wall Street Expects Earnings Growth
• Neutral Sentiment: Analyst conviction remains limited: Goldman Sachs and Bank of America Securities both maintained Hold ratings on OXY. The unchanged recommendations may temper enthusiasm despite recent bullish commodity and earnings trends. Goldman Sachs Maintains Hold Rating Bank of America Securities Maintains Hold Rating
• Neutral Sentiment: Options market signals heightened uncertainty: Implied volatility for OXY options has surged, suggesting traders expect larger-than-usual price movements around the earnings report or commodity-market developments. This reflects increased risk and opportunity rather than a clear directional signal. Implied Volatility Surging for Occidental Petroleum Stock Options
• Negative Sentiment: CrownRock acquisition remains a financial consideration: Occidental’s roughly $12 billion purchase of CrownRock could expand its Permian Basin position and production base, but the transaction also creates integration and leverage risks that may constrain valuation if oil prices weaken. Why Occidental Petroleum Is Spending $12 Billion to Buy CrownRock

Insider Transactions at Occidental Petroleum

In related news, CEO Richard A. Jackson acquired 4,770 shares of Occidental Petroleum stock in a transaction on Tuesday, June 23rd. The shares were purchased at an average cost of $52.38 per share, for a total transaction of $249,852.60. Following the purchase, the chief executive officer directly owned 444,098 shares of the company’s stock, valued at $23,261,853.24. The trade was a 1.09% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.50% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Wolfe Research raised their price target on shares of Occidental Petroleum from $67.00 to $70.00 and gave the company an “outperform” rating in a report on Monday, April 6th. Wells Fargo & Company boosted their price objective on shares of Occidental Petroleum from $69.00 to $72.00 and gave the stock an “overweight” rating in a research note on Thursday, April 9th. UBS Group cut their target price on shares of Occidental Petroleum from $67.00 to $65.00 and set a “neutral” rating on the stock in a research note on Thursday, May 7th. Jefferies Financial Group lifted their target price on shares of Occidental Petroleum from $47.00 to $58.00 and gave the company a “hold” rating in a report on Monday, April 13th. Finally, Citigroup decreased their price target on shares of Occidental Petroleum from $62.00 to $60.00 and set a “neutral” rating for the company in a research report on Friday, July 17th. Ten equities research analysts have rated the stock with a Buy rating and sixteen have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Occidental Petroleum presently has a consensus rating of “Hold” and a consensus price target of $64.17.

Occidental Petroleum Price Performance

OXY opened at $56.14 on Thursday. Occidental Petroleum Corporation has a twelve month low of $38.80 and a twelve month high of $67.45. The firm has a market cap of $55.84 billion, a price-to-earnings ratio of 14.14 and a beta of 0.15. The company has a current ratio of 1.21, a quick ratio of 1.01 and a debt-to-equity ratio of 0.49. The company has a fifty day simple moving average of $54.53 and a 200 day simple moving average of $53.86.

Occidental Petroleum (NYSE:OXY) last announced its earnings results on Tuesday, May 5th. The oil and gas producer reported $1.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.46. Occidental Petroleum had a return on equity of 9.65% and a net margin of 19.98%.The business had revenue of $5.11 billion for the quarter, compared to analyst estimates of $5.44 billion. During the same period in the previous year, the company earned $0.14 earnings per share. The company’s revenue for the quarter was down 8.3% compared to the same quarter last year. Equities research analysts expect that Occidental Petroleum Corporation will post 5.66 EPS for the current fiscal year.

Occidental Petroleum Profile

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.