Occidental Petroleum Corporation $OXY Stock: Cooke & Bieler LP Reduces Holdings

Cooke & Bieler LP lowered its stake in shares of Occidental Petroleum Corporation (NYSE:OXY) by 20.5% during the third quarter, Holdings Channel reports. The fund owned 1,764,179 shares of the oil and gas producer’s stock after selling 455,590 shares during the period. Occidental Petroleum comprises 1.5% of Cooke & Bieler LP’s investment portfolio, making the stock its 24th largest position. Cooke & Bieler LP’s holdings in Occidental Petroleum were worth $97,594,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Axxcess Wealth Management LLC acquired a new stake in Occidental Petroleum in the 3rd quarter valued at about $264,000. Quadrant Capital Group LLC grew its position in shares of Occidental Petroleum by 2.1% during the third quarter. Quadrant Capital Group LLC now owns 19,931 shares of the oil and gas producer’s stock worth $1,103,000 after buying an additional 417 shares in the last quarter. Integrated Advisors Network LLC grew its position in shares of Occidental Petroleum by 78.9% during the third quarter. Integrated Advisors Network LLC now owns 12,390 shares of the oil and gas producer’s stock worth $685,000 after buying an additional 5,463 shares in the last quarter. Lakeshore Capital Group Inc. grew its position in shares of Occidental Petroleum by 11.5% during the third quarter. Lakeshore Capital Group Inc. now owns 5,034 shares of the oil and gas producer’s stock worth $278,000 after buying an additional 521 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of Occidental Petroleum by 1.8% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 112,550 shares of the oil and gas producer’s stock worth $6,226,000 after buying an additional 2,030 shares during the period. 88.70% of the stock is currently owned by institutional investors and hedge funds.

Occidental Petroleum News Summary

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

• Positive Sentiment: Analyst upgrades and higher price targets support the stock. Roth Capital upgraded OXY to “Buy” with a $70 target, while Susquehanna raised its target from $70 to $77 and maintained a positive rating. Stephens also forecast strong potential appreciation. These actions signal improving Wall Street confidence in Occidental’s earnings and valuation. Roth Capital upgrades Occidental Petroleum stock Stephens forecasts strong price appreciation
• Positive Sentiment: Improving crude prices could lift cash flow. A climb in crude prices is helping stabilize the outlook for Occidental’s oil-and-gas operations as investors approach earnings. Higher realized prices generally support production revenue, margins and debt reduction. Climbing crude and Occidental earnings week
• Positive Sentiment: Estimate revisions and momentum screens are favorable. OXY was included among S&P 500 companies seeing notable earnings-estimate increases, while Zacks highlighted its momentum characteristics and growing investor interest. The company’s previous quarter also featured substantially higher revenue and an EPS beat, providing a favorable comparison heading into the next report.
• Neutral Sentiment: Earnings are the next major catalyst. Multiple reports emphasize that OXY is in earnings week. Investors will focus on production, realized oil prices, free cash flow, debt repayment and management’s outlook; strong results could validate the higher targets, while a cautious forecast could limit gains.
• Negative Sentiment: Commodity-price and execution risks remain. The bullish case depends heavily on sustained crude strength. Any reversal in oil prices, weaker production, or disappointing guidance could pressure earnings and offset the recent analyst optimism.

Occidental Petroleum Price Performance

Shares of NYSE OXY opened at $62.71 on Thursday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.13 and a current ratio of 1.41. Occidental Petroleum Corporation has a fifty-two week low of $38.80 and a fifty-two week high of $67.45. The firm has a market capitalization of $62.69 billion, a PE ratio of 9.71, a price-to-earnings-growth ratio of 0.94 and a beta of 0.24. The stock’s 50-day simple moving average is $59.65 and its 200-day simple moving average is $57.21.

Occidental Petroleum (NYSE:OXY) last posted its 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 15.31% and a net margin of 28.36%. The firm’s revenue was up 53.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.39 earnings per share. As a group, equities research analysts forecast that Occidental Petroleum Corporation will post 6.43 EPS for the current fiscal year.

Occidental Petroleum Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Thursday, September 10th were issued a dividend of $0.28 per share. The ex-dividend date of this dividend was Thursday, September 10th. This is an increase from Occidental Petroleum’s previous quarterly dividend of $0.26. This represents a $1.12 dividend on an annualized basis and a yield of 1.8%. Occidental Petroleum’s dividend payout ratio is 17.34%.

Analysts Set New Price Targets

OXY has been the topic of several analyst reports. Susquehanna raised their target price on shares of Occidental Petroleum from $70.00 to $77.00 and gave the company a “positive” rating in a report on Tuesday. Barclays decreased their price target on shares of Occidental Petroleum from $75.00 to $71.00 and set an “overweight” rating for the company in a research note on Monday, August 17th. Wall Street Zen upgraded shares of Occidental Petroleum from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 10th. Citigroup dropped their price objective on shares of Occidental Petroleum from $62.00 to $60.00 and set a “neutral” rating on the stock in a research report on Friday, July 17th. Finally, Wells Fargo & Company raised their price objective on shares of Occidental Petroleum from $79.00 to $82.00 and gave the company an “overweight” rating in a report on Monday, September 14th. Thirteen research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $67.46.

Occidental Petroleum Profile

Occidental Petroleum Corporation is an energy company engaged in oil and natural gas exploration, development and production. Its operations are focused primarily on the United States, including the Permian and DJ basins, as well as selected international regions in the Middle East and North Africa.

The company’s OxyChem subsidiary manufactures and markets chlor-alkali chemicals, vinyls and other chemical products used in water treatment, construction, healthcare, packaging and industrial applications.