Occidental Petroleum Corporation $OXY Position Boosted by Czech National Bank

Czech National Bank grew its holdings in Occidental Petroleum Corporation (NYSE:OXY) by 5.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 206,671 shares of the oil and gas producer’s stock after purchasing an additional 10,799 shares during the period. Czech National Bank’s holdings in Occidental Petroleum were worth $10,038,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in OXY. Whittier Trust Co. of Nevada Inc. grew its position in Occidental Petroleum by 12.5% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,765 shares of the oil and gas producer’s stock valued at $111,000 after purchasing an additional 196 shares in the last quarter. Athena Wealth Management LLC lifted its position in Occidental Petroleum by 1.2% in the 1st quarter. Athena Wealth Management LLC now owns 18,547 shares of the oil and gas producer’s stock worth $1,206,000 after buying an additional 214 shares in the last quarter. Carrera Capital Advisors lifted its position in Occidental Petroleum by 0.5% in the 4th quarter. Carrera Capital Advisors now owns 44,279 shares of the oil and gas producer’s stock worth $1,831,000 after buying an additional 227 shares in the last quarter. Summit Securities Group LLC boosted its stake in shares of Occidental Petroleum by 18.5% during the 4th quarter. Summit Securities Group LLC now owns 1,469 shares of the oil and gas producer’s stock valued at $60,000 after buying an additional 229 shares during the period. Finally, Independent Advisor Alliance grew its holdings in shares of Occidental Petroleum by 1.1% during the 4th quarter. Independent Advisor Alliance now owns 26,092 shares of the oil and gas producer’s stock valued at $1,073,000 after acquiring an additional 276 shares in the last quarter. 88.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Wall Street Zen raised shares of Occidental Petroleum from a “hold” rating to a “buy” rating in a research note on Saturday. JPMorgan Chase & Co. reduced their price objective on Occidental Petroleum from $64.00 to $63.00 in a research report on Thursday, May 7th. Roth Capital boosted their target price on Occidental Petroleum from $45.00 to $55.00 and gave the company a “neutral” rating in a research note on Wednesday, April 15th. Citigroup cut their price target on Occidental Petroleum from $62.00 to $60.00 and set a “neutral” rating for the company in a research note on Friday, July 17th. Finally, UBS Group reduced their price target on Occidental Petroleum from $67.00 to $65.00 and set a “neutral” rating for the company in a report on Thursday, May 7th. Ten investment analysts have rated the stock with a Buy rating and sixteen have given a Hold rating to the company. According to MarketBeat.com, Occidental Petroleum has an average rating of “Hold” and a consensus target price of $64.61.

Occidental Petroleum Trading Down 0.2%

Shares of NYSE:OXY opened at $55.92 on Friday. The company has a current ratio of 1.41, a quick ratio of 1.01 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $55.62 billion, a PE ratio of 8.66, a P/E/G ratio of 0.82 and a beta of 0.15. Occidental Petroleum Corporation has a 1 year low of $38.80 and a 1 year high of $67.45. The firm has a fifty day moving average price of $54.21 and a 200 day moving average price of $54.39.

Occidental Petroleum (NYSE:OXY) last announced its earnings results on Wednesday, August 5th. The oil and gas producer reported $2.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.57. Occidental Petroleum had a return on equity of 15.31% and a net margin of 28.36%.The firm had revenue of $8.06 billion during the quarter, compared to analysts’ expectations of $7.07 billion. During the same quarter in the prior year, the business earned $0.39 earnings per share. The company’s revenue was up 53.4% on a year-over-year basis. Analysts expect that Occidental Petroleum Corporation will post 5.38 EPS for the current fiscal year.

Occidental Petroleum Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Thursday, September 10th will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Thursday, September 10th. This is a positive change from Occidental Petroleum’s previous quarterly dividend of $0.26. Occidental Petroleum’s payout ratio is presently 16.10%.

Occidental Petroleum News Roundup

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

• Positive Sentiment: Q2 earnings significantly exceeded expectations. Adjusted earnings were $2.40 per share versus consensus estimates of roughly $1.83–$1.92, while revenue reached $8.07 billion, well above forecasts. Revenue increased more than 50% year over year. Occidental Q2 Earnings Beat on Oil Prices and Midstream Strength
• Positive Sentiment: Cash flow and leverage improved. OXY generated its strongest quarterly free cash flow since 2022 and reduced principal debt by $1.9 billion to $11.8 billion, its lowest level in seven years. Management also outlined a plan to generate more than $4 billion in annual sustainable cash-flow gains by 2030 through lower costs, reduced capital needs and balance-sheet improvement. Occidental Petroleum Q2 2026 Earnings Call Highlights
• Positive Sentiment: Shareholder returns and analyst sentiment strengthened. Occidental raised its quarterly dividend 7.7% to $0.28 per share. Wells Fargo raised its price target to $79 from $72 and Barclays lifted its target to $75 from $72; both maintain overweight ratings. Analyst price-target updates
• Neutral Sentiment: Operating performance was strong but commodity-sensitive. Global production averaged 1.433 million barrels of oil equivalent per day, above the high end of guidance, while realized crude prices rose sharply. Midstream and marketing income also exceeded guidance, but future results remain exposed to oil-price movements.
• Negative Sentiment: Management expects limited near-term growth. Occidental projects production and capital spending will remain roughly flat in 2027 while it continues prioritizing debt reduction. That discipline supports deleveraging but may reduce expectations for production expansion. Occidental sees flat spending, output in 2027

Insider Activity at Occidental Petroleum

In other news, CEO Richard A. Jackson purchased 4,770 shares of the stock in a transaction that occurred on Tuesday, June 23rd. The shares were purchased 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.50% of the company’s stock.

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.