Gotham Asset Management LLC Acquires 59,965 Shares of Occidental Petroleum Corporation $OXY

Gotham Asset Management LLC boosted its holdings in shares of Occidental Petroleum Corporation (NYSE:OXY) by 8.2% during the third quarter, Holdings Channel reports. The firm owned 789,051 shares of the oil and gas producer’s stock after acquiring an additional 59,965 shares during the quarter. Gotham Asset Management LLC’s holdings in Occidental Petroleum were worth $37,283,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of OXY. Moody National Bank Trust Division grew its position in shares of Occidental Petroleum by 1.5% in the 3rd quarter. Moody National Bank Trust Division now owns 15,555 shares of the oil and gas producer’s stock worth $735,000 after buying an additional 229 shares during the last quarter. Inscription Capital LLC raised its holdings in shares of Occidental Petroleum by 0.8% during the third quarter. Inscription Capital LLC now owns 32,734 shares of the oil and gas producer’s stock valued at $1,547,000 after acquiring an additional 271 shares in the last quarter. Cigna Investments Inc. New raised its holdings in shares of Occidental Petroleum by 4.3% during the third quarter. Cigna Investments Inc. New now owns 6,809 shares of the oil and gas producer’s stock valued at $321,000 after acquiring an additional 280 shares in the last quarter. Greenleaf Trust lifted its stake in Occidental Petroleum by 2.7% in the third quarter. Greenleaf Trust now owns 11,330 shares of the oil and gas producer’s stock worth $535,000 after acquiring an additional 296 shares during the period. Finally, Northwestern Mutual Investment Management Company LLC boosted its holdings in Occidental Petroleum by 1.3% in the third quarter. Northwestern Mutual Investment Management Company LLC now owns 22,904 shares of the oil and gas producer’s stock valued at $1,082,000 after acquiring an additional 299 shares in the last quarter. Hedge funds and other institutional investors own 88.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on OXY shares. JPMorgan Chase & Co. boosted their price objective on shares of Occidental Petroleum from $42.00 to $49.00 and gave the company an “underweight” rating in a research report on Friday, February 20th. UBS Group raised their target price on shares of Occidental Petroleum from $49.00 to $55.00 and gave the stock a “neutral” rating in a research report on Thursday, March 5th. Bank of America lifted their target price on shares of Occidental Petroleum from $44.00 to $45.00 in a research note on Tuesday, January 27th. Roth Mkm boosted their price target on shares of Occidental Petroleum from $39.00 to $45.00 and gave the company a “neutral” rating in a research report on Friday, February 20th. Finally, Wells Fargo & Company upgraded shares of Occidental Petroleum from an “underweight” rating to an “overweight” rating and raised their price objective for the stock from $47.00 to $69.00 in a report on Thursday. Nine investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $53.48.

Key Stories Impacting Occidental Petroleum

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

• Positive Sentiment: Piper Sandler upgraded OXY to Overweight and raised its price target to $66, signaling stronger analyst conviction and providing tangible upside from current levels. Positive Report for Occidental Petroleum (OXY) from Piper Sandler
• Positive Sentiment: Coverage and headlines explain a roughly 40% move in OXY YTD — driven by oil‑price strength, Permian operational outperformance and visible debt reduction — reinforcing the narrative that fundamentals, not just momentum, are supporting the rally. What’s Behind The 40% Rise In OXY Stock?
• Positive Sentiment: Zacks notes OXY outperformed the energy group (≈+27% in a month) and cites rising oil, Permian strength and debt paydown as drivers — a bullish confirmation for investors focused on fundamentals and cash‑flow improvement. OXY Outperforms Industry in Past Month: Buy, Hold or Sell the Stock?
• Positive Sentiment: Intraday price jumps and above‑average volume coincided with upward earnings‑estimate revisions, suggesting analysts are beginning to bake in more upside for OXY. Occidental (OXY) Soars 5.1%: Is Further Upside Left in the Stock?
• Positive Sentiment: Broker activity also includes a Wells Fargo upgrade on the company’s equity warrant vehicle (OXY.WS), a signal that some desks see additional value in Occidental‑linked securities. Wells Fargo upgrades Occidental Petroleum Corporation – Equity Warrant (OXY.WS)
• Neutral Sentiment: Sector momentum from rising oil and Middle East supply‑concern headlines (tanker attacks, Strait of Hormuz rhetoric) is lifting energy peers broadly, which benefits OXY but also adds geopolitical volatility risk. Occidental Petroleum Stock Surges Thursday: What’s Driving The Action?
• Neutral Sentiment: Goldman assigned a $54 price target (and other outlets list varying targets), showing analyst views still diverge on fair value — useful context for investors deciding entry points or profit‑taking. Occidental Petroleum (NYSE:OXY) Given New $54.00 Price Target at The Goldman Sachs Group
• Neutral Sentiment: Occidental disclosed a $1.20B debt tender and covenant changes; this touches capital structure and may reduce near‑term leverage risks but invites scrutiny over terms and longer‑run funding flexibility. Should Occidental’s US$1.20 Billion Debt Tender and Covenant Changes Require Action From OXY Investors?
• Negative Sentiment: Some analysts and commentaries warn the oil‑led rally may be overextended and that easy gains could be behind the stock, implying higher near‑term downside risk if oil or macro sentiment reverses. Occidental Petroleum: Oil Rally Overly Done – Easy Gains Behind Us

Insider Buying and Selling

In related news, Director William R. Klesse bought 5,000 shares of the company’s stock in a transaction on Tuesday, December 16th. The shares were acquired at an average cost of $38.98 per share, with a total value of $194,900.00. Following the completion of the acquisition, the director owned 218,913 shares of the company’s stock, valued at $8,533,228.74. The trade was a 2.34% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.49% of the company’s stock.

Occidental Petroleum Stock Performance

Shares of Occidental Petroleum stock opened at $57.91 on Monday. Occidental Petroleum Corporation has a 12 month low of $34.78 and a 12 month high of $59.15. The firm has a market capitalization of $57.11 billion, a P/E ratio of 35.97 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 business has a fifty day simple moving average of $47.53 and a two-hundred day simple moving average of $44.61.

Occidental Petroleum (NYSE:OXY) last released its earnings results on Wednesday, February 18th. The oil and gas producer reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.13. Occidental Petroleum had a net margin of 9.14% and a return on equity of 9.89%. The firm had revenue of $5.11 billion for the quarter, compared to the consensus estimate of $6.02 billion. During the same period in the prior year, the firm earned $0.80 EPS. The company’s revenue was down 5.2% compared to the same quarter last year. On average, equities analysts forecast that Occidental Petroleum Corporation will post 3.58 earnings per share 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. Shareholders of record on Tuesday, March 10th will be paid a dividend of $0.26 per share. The ex-dividend date is Tuesday, March 10th. This is a positive change from Occidental Petroleum’s previous quarterly dividend of $0.24. This represents a $1.04 dividend on an annualized basis and a yield of 1.8%. Occidental Petroleum’s dividend payout ratio (DPR) is presently 64.60%.

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.