Occidental Petroleum Corporation $OXY Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its stake in shares of Occidental Petroleum Corporation (NYSE:OXY) by 11.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,718,939 shares of the oil and gas producer’s stock after purchasing an additional 900,677 shares during the period. Dimensional Fund Advisors LP’s holdings in Occidental Petroleum were worth $412,045,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. City Holding Co. lifted its stake in Occidental Petroleum by 250.0% in the 3rd quarter. City Holding Co. now owns 700 shares of the oil and gas producer’s stock valued at $33,000 after buying an additional 500 shares in the last quarter. GoalVest Advisory LLC purchased a new position in shares of Occidental Petroleum in the third quarter valued at approximately $38,000. Hantz Financial Services Inc. boosted its stake in shares of Occidental Petroleum by 1,193.9% in the second quarter. Hantz Financial Services Inc. now owns 854 shares of the oil and gas producer’s stock worth $36,000 after acquiring an additional 788 shares during the last quarter. Tripletail Wealth Management LLC purchased a new stake in shares of Occidental Petroleum during the third quarter worth approximately $49,000. Finally, Sumitomo Mitsui Financial Group Inc. purchased a new stake in shares of Occidental Petroleum during the second quarter worth approximately $51,000. Hedge funds and other institutional investors own 88.70% of the company’s stock.

Analyst Upgrades and Downgrades

OXY has been the topic of several recent research reports. Wells Fargo & Company lifted their target price on shares of Occidental Petroleum from $40.00 to $47.00 and gave the stock an “underweight” rating in a research note on Friday, February 20th. Mizuho boosted their price target on shares of Occidental Petroleum from $60.00 to $64.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 11th. JPMorgan Chase & Co. upped their price objective on shares of Occidental Petroleum from $42.00 to $49.00 and gave the company an “underweight” rating in a research note on Friday, February 20th. Citigroup decreased their target price on shares of Occidental Petroleum from $49.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 19th. Finally, Argus upgraded Occidental Petroleum to a “hold” rating in a research report on Friday, February 27th. Seven analysts have rated the stock with a Buy rating, twelve have given a Hold rating and five have given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $50.62.

Occidental Petroleum Trading Down 0.1%

NYSE:OXY opened at $53.63 on Thursday. Occidental Petroleum Corporation has a 12-month low of $34.78 and a 12-month high of $56.34. The firm has a market cap of $52.89 billion, a PE ratio of 33.31 and a beta of 0.34. The company has a current ratio of 0.94, a quick ratio of 0.74 and a debt-to-equity ratio of 0.73. The stock has a fifty day moving average price of $45.51 and a 200 day moving average price of $44.12.

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

Occidental Petroleum Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 10th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Tuesday, March 10th. This is an increase from Occidental Petroleum’s previous quarterly dividend of $0.24. Occidental Petroleum’s dividend payout ratio (DPR) is presently 59.63%.

Insider Activity

In other Occidental Petroleum news, Director William R. Klesse bought 5,000 shares of the stock in a transaction dated Tuesday, December 16th. The shares were acquired at an average cost of $38.98 per share, for a total transaction of $194,900.00. Following the completion of the transaction, the director owned 218,913 shares in the company, valued at approximately $8,533,228.74. The trade was a 2.34% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.31% of the stock is currently owned by company insiders.

Occidental Petroleum News Summary

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

• Positive Sentiment: Berkshire Hathaway’s ~29% stake continues to act as a confidence backstop for OXY, drawing retail and institutional attention and supporting the stock’s strong year‑to‑date performance. Buffett’s 29% Stake Is Giving OXY Investors Unusual Confidence Right Now
• Positive Sentiment: Sale of the OxyChem unit refocuses Occidental on upstream oil & gas and materially reshapes valuation by reducing debt and boosting free cash flow potential—this improves flexibility for buybacks/dividends. Occidental Refocuses On Oil Gas As OxyChem Sale Reshapes Valuation
• Positive Sentiment: Analyst actions (upgrades) and recent price strength have pushed OXY to new 52‑week highs in some reports, reinforcing momentum among momentum and institutional buyers. Zacks upgrade / analyst coverage
• Positive Sentiment: Operational diversification: the 1PointFive STRATOS direct‑air‑capture plant approaching startup adds a carbon‑capture growth angle that can broaden long‑term value beyond E&P cash flows. Occidental, 1PointFive STRATOS DAC plant nears startup
• Neutral Sentiment: Kosmos and Occidental are searching for a third partner on a US Gulf discovery—potential production upside but timelines and economics are uncertain. Kosmos and Oxy seeking third partner for US Gulf find
• Neutral Sentiment: Sector tailwinds from higher oil prices (Strait of Hormuz premium) support revenue outlooks for producers, but macro headline risk keeps returns choppy. Chaos & Crude: 3 Energy Stocks Built to Thrive in This Market
• Negative Sentiment: Geopolitical headlines (report that Iranian officials contacted U.S. counterparts) have triggered intraday profit taking across majors, increasing short‑term volatility for OXY. Occidental, Chevron Stocks Slip. Iranian Officials Contacted U.S., Report Says.
• Negative Sentiment: Some analysts caution the easy upside is gone after the recent ~30% rally; relative underperformance vs. some peers and valuation questions are prompting ratings adjustments and more conservative targets. Occidental Petroleum: Strong Execution, But The Easy Upside Is Gone (Rating Downgrade)

About Occidental Petroleum

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.