Janus Henderson Group PLC Grows Holdings in Occidental Petroleum Corporation $OXY

Janus Henderson Group PLC increased its holdings in Occidental Petroleum Corporation (NYSE:OXY) by 38.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,722 shares of the oil and gas producer’s stock after acquiring an additional 22,863 shares during the quarter. Janus Henderson Group PLC’s holdings in Occidental Petroleum were worth $5,310,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the business. Portus Wealth Advisors LLC bought a new position in shares of Occidental Petroleum during the first quarter valued at approximately $29,000. Caitlin John LLC bought a new stake in shares of Occidental Petroleum in the 4th quarter worth approximately $29,000. Activest Wealth Management boosted its position in shares of Occidental Petroleum by 68.5% in the 4th quarter. Activest Wealth Management now owns 750 shares of the oil and gas producer’s stock worth $31,000 after purchasing an additional 305 shares in the last quarter. Rossby Financial LCC grew its stake in shares of Occidental Petroleum by 155.0% in the 4th quarter. Rossby Financial LCC now owns 765 shares of the oil and gas producer’s stock worth $31,000 after buying an additional 465 shares during the last quarter. Finally, Binnacle Investments Inc bought a new position in Occidental Petroleum during the 3rd quarter valued at approximately $35,000. Institutional investors own 88.70% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on OXY shares. Evercore raised Occidental Petroleum from an “in-line” rating to an “outperform” rating and set a $65.00 target price on the stock in a report on Wednesday, July 8th. Susquehanna raised their price target on Occidental Petroleum from $60.00 to $67.00 and gave the company a “positive” rating in a report on Tuesday, April 21st. Morgan Stanley lowered their price target on Occidental Petroleum from $74.00 to $68.00 and set an “equal weight” rating for the company in a research report on Friday, June 26th. Truist Financial dropped their price target on shares of Occidental Petroleum from $65.00 to $57.00 and set a “hold” rating on the stock in a research note on Friday, May 8th. Finally, Scotiabank increased their price objective on shares of Occidental Petroleum from $46.00 to $57.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 22nd. Ten research analysts have rated the stock with a Buy rating and sixteen have issued a Hold rating to the company. According to data from MarketBeat.com, Occidental Petroleum currently has a consensus rating of “Hold” and an average price target of $64.30.

Trending Headlines about Occidental Petroleum

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

• Positive Sentiment: Quarterly results exceeded expectations. Adjusted earnings were $2.40 per share versus consensus estimates of roughly $1.83-$1.92, while revenue reached about $8.07 billion, up more than 50% year over year and well above forecasts. Occidental Q2 Earnings Beat on Oil Prices and Midstream Strength
• Positive Sentiment: Higher oil prices and stronger operations supported the beat. Realized worldwide crude prices rose 38% sequentially to $96.78 per barrel, production averaged 1.433 million barrels of oil equivalent per day—above the company’s guidance range—and midstream and marketing income also exceeded expectations. Occidental Profit Jumps on Higher Oil Prices and Midstream Gains
• Positive Sentiment: Balance-sheet progress and shareholder returns improved. Occidental generated its strongest quarterly free cash flow since 2022, reduced principal debt by $1.9 billion to $11.8 billion and raised its quarterly dividend 7.7% to $0.28 per share. These moves reinforce management’s deleveraging strategy while providing investors with a higher income return. Occidental sees flat spending, output in 2027, keeps focus on debt reduction
• Positive Sentiment: Analyst sentiment strengthened. Barclays raised its price target from $72 to $75 and maintained an “overweight” rating, citing potential upside from the earnings and cash-flow improvement. Barclays raises Occidental price target
• Neutral Sentiment: 2027 plans emphasize stability rather than growth. Occidental expects production and capital spending to remain broadly flat next year, with excess cash continuing to be directed toward debt reduction. This supports financial discipline but offers limited near-term production growth. Occidental expects flat production and capex in 2027
• Negative Sentiment: Commodity-price and geopolitical risks remain. Oil prices have faced pressure amid reports of potential U.S.-Iran peace talks, highlighting the risk that lower crude prices could reduce Occidental’s earnings and cash flow. Occidental in Focus as Oil Slides on U.S.-Iran Peace Talks

Insider Transactions at Occidental Petroleum

In related news, CEO Richard A. Jackson bought 4,770 shares of the stock in a transaction on Tuesday, June 23rd. The shares were acquired at an average price of $52.38 per share, for a total transaction of $249,852.60. Following the purchase, the chief executive officer owned 444,098 shares of the company’s stock, valued at approximately $23,261,853.24. The trade was a 1.09% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.50% of the company’s stock.

Occidental Petroleum Stock Performance

Shares of OXY opened at $55.96 on Friday. The company has a market cap of $55.66 billion, a price-to-earnings ratio of 8.66, a P/E/G ratio of 0.79 and a beta of 0.15. The business’s fifty day simple moving average is $54.22 and its two-hundred day simple moving average is $54.38. Occidental Petroleum Corporation has a 12 month low of $38.80 and a 12 month high of $67.45. The company has a current ratio of 1.21, a quick ratio of 1.01 and a debt-to-equity ratio of 0.49.

Occidental Petroleum (NYSE:OXY) last posted its quarterly earnings results on Wednesday, August 5th. The oil and gas producer reported $2.40 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.57. The firm had revenue of $8.06 billion during the quarter, compared to analysts’ expectations of $7.07 billion. Occidental Petroleum had a return on equity of 15.93% and a net margin of 28.36%.The company’s revenue was up 53.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.39 earnings per share. Research analysts anticipate that Occidental Petroleum Corporation will post 5.35 earnings per share for the current fiscal year.

Occidental Petroleum Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Thursday, September 10th will be given a $0.28 dividend. This is a positive change from Occidental Petroleum’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $1.12 dividend on an annualized basis and a yield of 2.0%. Occidental Petroleum’s payout ratio is presently 16.10%.

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.