Bull Harbor Capital LLC Makes New $702,000 Investment in Occidental Petroleum Corporation $OXY

Bull Harbor Capital LLC acquired a new stake in Occidental Petroleum Corporation (NYSE:OXY) in the first quarter, HoldingsChannel reports. The firm acquired 10,797 shares of the oil and gas producer’s stock, valued at approximately $702,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Caitlin John LLC purchased a new stake in Occidental Petroleum in the 4th quarter valued at about $29,000. Portus Wealth Advisors LLC acquired a new position in Occidental Petroleum during the first quarter worth approximately $29,000. Activest Wealth Management raised its stake in Occidental Petroleum by 68.5% during the fourth 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 during the period. Rossby Financial LCC boosted its holdings 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 valued at $31,000 after purchasing an additional 465 shares during the last quarter. Finally, Binnacle Investments Inc purchased a new stake in shares of Occidental Petroleum during the 3rd quarter valued at $35,000. 88.70% of the stock is owned by hedge funds and other institutional investors.

Occidental Petroleum News Summary

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

• Positive Sentiment: Crude prices rebounded amid renewed Middle East tensions and supply concerns, providing a potential earnings tailwind for OXY’s highly oil-leveraged production business. The company reported an average realized oil price of $96.78 per barrel for the second quarter, above average WTI prices, strengthening expectations for a solid August 5 earnings report. Occidental Petroleum Rises as Oil Rebounds and Strong Q2 Pricing Supports Earnings Hopes
• Positive Sentiment: Wall Street expects year-over-year earnings growth in OXY’s upcoming quarterly report, with analysts citing favorable operating factors that could support an earnings beat. Occidental Petroleum Reports Next Week: Wall Street Expects Earnings Growth
• Positive Sentiment: Occidental’s $12 billion CrownRock acquisition remains a key strategic growth initiative, potentially expanding its Permian Basin position and production scale. Why Occidental Petroleum Is Spending $12 Billion To Buy CrownRock

Insiders Place Their Bets

In other Occidental Petroleum news, CEO Richard A. Jackson bought 4,770 shares of the stock in a transaction dated Tuesday, June 23rd. The stock was bought at an average cost of $52.38 per share, for a total transaction of $249,852.60. Following the completion of the purchase, the chief executive officer directly 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 acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.50% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

OXY has been the topic of several research reports. Scotiabank increased their target price on Occidental Petroleum from $46.00 to $57.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 22nd. Capital One Financial lifted their price objective on Occidental Petroleum from $67.00 to $70.00 in a research note on Wednesday, May 27th. Weiss Ratings cut Occidental Petroleum from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, June 23rd. Raymond James Financial raised their price target on shares of Occidental Petroleum from $64.00 to $75.00 and gave the company an “outperform” rating in a report on Monday, May 4th. Finally, Jefferies Financial Group boosted their price objective on shares of Occidental Petroleum from $47.00 to $58.00 and gave the stock a “hold” rating in a research note on Monday, April 13th. Ten research analysts have rated the stock with a Buy rating and sixteen have given a Hold rating to the company. According to MarketBeat, Occidental Petroleum has an average rating of “Hold” and an average price target of $64.17.

Occidental Petroleum Stock Down 0.2%

NYSE OXY opened at $55.91 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.21 and a debt-to-equity ratio of 0.49. Occidental Petroleum Corporation has a fifty-two week low of $38.80 and a fifty-two week high of $67.45. The business has a 50 day moving average price of $54.47 and a two-hundred day moving average price of $53.95. The stock has a market cap of $55.61 billion, a PE ratio of 14.08, a P/E/G ratio of 0.81 and a beta of 0.15.

Occidental Petroleum (NYSE:OXY) last posted its earnings results on Tuesday, May 5th. The oil and gas producer reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.46. The business had revenue of $5.11 billion for the quarter, compared to analysts’ expectations of $5.44 billion. Occidental Petroleum had a net margin of 19.98% and a return on equity of 9.65%. The business’s revenue for the quarter was down 8.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.14 earnings per share. As a group, sell-side analysts predict that Occidental Petroleum Corporation will post 5.43 EPS for the current fiscal year.

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.