Geode Capital Management LLC Increases Position in Occidental Petroleum Corporation $OXY

Geode Capital Management LLC increased its stake in shares of Occidental Petroleum Corporation (NYSE:OXY) by 0.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,846,231 shares of the oil and gas producer’s stock after buying an additional 167,518 shares during the quarter. Geode Capital Management LLC’s holdings in Occidental Petroleum were worth $771,949,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. M3 Wealth Management LLC acquired a new position in Occidental Petroleum during the fourth quarter valued at $324,000. Integrity Alliance LLC. acquired a new position in Occidental Petroleum during the fourth quarter valued at $292,000. Integrity Advisory Solutions LLC lifted its position in Occidental Petroleum by 9.9% during the fourth quarter. Integrity Advisory Solutions LLC now owns 5,993 shares of the oil and gas producer’s stock valued at $246,000 after purchasing an additional 542 shares during the period. Bleakley Financial Group LLC lifted its position in Occidental Petroleum by 290.0% during the fourth quarter. Bleakley Financial Group LLC now owns 61,392 shares of the oil and gas producer’s stock valued at $2,524,000 after purchasing an additional 45,652 shares during the period. Finally, Cary Street Partners Financial LLC lifted its position in Occidental Petroleum by 6.8% during the fourth quarter. Cary Street Partners Financial LLC now owns 21,638 shares of the oil and gas producer’s stock valued at $890,000 after purchasing an additional 1,385 shares during the period. 88.70% of the stock is owned by hedge funds and other institutional investors.

Occidental Petroleum Trading Down 1.2%

Shares of Occidental Petroleum stock opened at $56.64 on Friday. The firm has a 50-day simple moving average of $58.89 and a two-hundred day simple moving average of $49.97. The company has a market cap of $56.34 billion, a P/E ratio of 14.27 and a beta of 0.17. Occidental Petroleum Corporation has a fifty-two week low of $38.80 and a fifty-two week high of $67.45. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.01 and a current ratio of 1.21.

Occidental Petroleum (NYSE:OXY) last issued its quarterly earnings data on Tuesday, May 5th. The oil and gas producer reported $1.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.46. The business had revenue of $5.11 billion during the quarter, compared to the consensus estimate of $5.44 billion. Occidental Petroleum had a net margin of 19.98% and a return on equity of 9.65%. The company’s revenue was down 8.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.14 earnings per share. As a group, equities analysts predict that Occidental Petroleum Corporation will post 5.5 earnings per share for the current fiscal year.

Occidental Petroleum Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, June 10th will be given a $0.26 dividend. The ex-dividend date is Wednesday, June 10th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.8%. Occidental Petroleum’s dividend payout ratio is 26.20%.

Key Stories Impacting Occidental Petroleum

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

• Positive Sentiment: Barclays upgraded Occidental Petroleum (OXY), and Capital One Financial raised its price target to $70 from $67, signaling improved Wall Street sentiment and suggesting meaningful upside from recent trading levels. MarketScreener
• Positive Sentiment: Several articles highlight a potentially higher-upside growth path for OXY, including its long-term bet with ExxonMobil and a focus on oil, LNG, and low-carbon initiatives that could improve earnings power over time. Article
• Positive Sentiment: Analyst-focused coverage comparing OXY with TotalEnergies points to Occidental’s earnings revisions, ROE, debt profile, and dividend setup as key factors supporting the investment case. Article
• Neutral Sentiment: Broader market commentary notes that analysts are revising 2026 S&P 500 profit estimates higher for some companies, but the impact on OXY is indirect and not clearly company-specific. Article
• Negative Sentiment: Energy stocks were also under pressure in broader trading, which can drag on Occidental Petroleum even when company-specific news is constructive. Article

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on OXY shares. Jefferies Financial Group boosted their target price on shares of Occidental Petroleum from $47.00 to $58.00 and gave the company a “hold” rating in a research report on Monday, April 13th. BMO Capital Markets boosted their target price on shares of Occidental Petroleum from $60.00 to $65.00 and gave the company a “market perform” rating in a research report on Tuesday, April 7th. Stephens boosted their target price on shares of Occidental Petroleum from $59.00 to $74.00 and gave the company an “overweight” rating in a research report on Tuesday, March 31st. Wolfe Research boosted their target price on shares of Occidental Petroleum from $67.00 to $70.00 and gave the company an “outperform” rating in a research report on Monday, April 6th. Finally, UBS Group decreased their target price on shares of Occidental Petroleum from $67.00 to $65.00 and set a “neutral” rating for the company in a research report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $63.74.

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.