Polianta Ltd Buys New Stake in Occidental Petroleum Corporation $OXY

Polianta Ltd purchased a new position in shares of Occidental Petroleum Corporation (NYSE:OXY) in the fourth quarter, Holdings Channel reports. The fund purchased 33,100 shares of the oil and gas producer’s stock, valued at approximately $1,361,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Moody National Bank Trust Division increased its holdings in shares of Occidental Petroleum by 1.5% during the third quarter. Moody National Bank Trust Division now owns 15,555 shares of the oil and gas producer’s stock valued at $735,000 after purchasing an additional 229 shares during the period. Woodward Diversified Capital LLC lifted its holdings in Occidental Petroleum by 4.2% in 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 grew its position in Occidental Petroleum by 0.8% in the 3rd 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. Cigna Investments Inc. New increased its stake in Occidental Petroleum by 4.3% during the 3rd 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. Finally, Greenleaf Trust increased its stake in Occidental Petroleum by 2.7% during the 3rd quarter. Greenleaf Trust now owns 11,330 shares of the oil and gas producer’s stock valued at $535,000 after buying an additional 296 shares during the period. Institutional investors own 88.70% of the company’s stock.

Occidental Petroleum Stock Performance

Shares of OXY opened at $66.31 on Tuesday. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.94 and a quick ratio of 0.74. The firm’s 50 day moving average is $51.61 and its 200-day moving average is $45.74. Occidental Petroleum Corporation has a 12-month low of $34.78 and a 12-month high of $67.05. The stock has a market capitalization of $65.76 billion, a P/E ratio of 41.18 and a beta of 0.34.

Occidental Petroleum (NYSE:OXY) last released its earnings results on Wednesday, February 18th. The oil and gas producer reported $0.31 EPS for the quarter, beating the consensus estimate of $0.18 by $0.13. The business had revenue of $5.11 billion during the quarter, compared to analyst estimates of $6.02 billion. Occidental Petroleum had a net margin of 9.14% and a return on equity of 9.89%. The business’s quarterly revenue was down 5.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.80 earnings per share. Equities research analysts anticipate that Occidental Petroleum Corporation will post 3.58 EPS for the current fiscal year.

Occidental Petroleum Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 10th will be given a dividend of $0.26 per share. This is a boost from Occidental Petroleum’s previous quarterly dividend of $0.24. The ex-dividend date is Tuesday, March 10th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.6%. Occidental Petroleum’s payout ratio is currently 64.60%.

Wall Street Analyst Weigh In

OXY has been the subject of a number of research analyst reports. Truist Financial started coverage on shares of Occidental Petroleum in a research note on Tuesday, March 24th. They issued a “hold” rating and a $65.00 price target for the company. Morgan Stanley dropped their target price on Occidental Petroleum from $51.00 to $50.00 and set an “overweight” rating on the stock in a report on Friday, January 23rd. Citigroup upped their target price on Occidental Petroleum from $45.00 to $67.00 and gave the stock a “neutral” rating in a research report on Monday. HSBC increased their price target on Occidental Petroleum from $59.00 to $68.00 and gave the company a “buy” rating in a research note on Friday, March 20th. Finally, Jefferies Financial Group boosted their price objective on Occidental Petroleum from $42.00 to $47.00 and gave the stock a “hold” rating in a research note on Monday, February 23rd. Nine equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $56.59.

Key Occidental Petroleum News

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

• Positive Sentiment: Citigroup raised its price target on OXY from $45 to $67 (maintaining a “neutral” rating), effectively validating upside to the current price and supporting further buying interest. Read More.
• Positive Sentiment: Occidental hit a new 12‑month high following analyst upgrades — a technical catalyst that attracts momentum and trend‑following flows. Read More.
• Positive Sentiment: Market writeups note OXY’s outperformance while broader indices lagged, highlighting strong recent demand and reinforcing bullish narratives. Read More.
• Positive Sentiment: Investors continue to reference Berkshire Hathaway’s large stake (Warren Buffett’s endorsement), which supports perceptions of OXY as a lower‑risk oil exposure in geopolitical uncertainty. Read More.
• Neutral Sentiment: Longer‑term bullish takes (e.g., “Road to $100”) circulate as upbeat scenario analyses; useful for sentiment but speculative and not guaranteed to move near‑term fundamentals. Read More.
• Neutral Sentiment: Several trend/stock‑watch pieces (Zacks, other summaries) are drawing retail attention to OXY, increasing volume and volatility without a clear directional verdict. Read More.
• Neutral Sentiment: Comparative analyses vs. peers (e.g., DT Midstream) provide context on relative valuation and strategy but are unlikely alone to drive a large price move. Read More.
• Negative Sentiment: Coverage flags that OXY may be near a short‑term peak after a rapid rally, recommending covered‑call sales to capture premium — a view that can encourage profit‑taking and cap near‑term upside. Read More.

Occidental Petroleum Company 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.