Donaldson Capital Management LLC Purchases Shares of 8,772 Occidental Petroleum Corporation $OXY

Donaldson Capital Management LLC purchased a new stake in Occidental Petroleum Corporation (NYSE:OXY) during the second quarter, HoldingsChannel.com reports. The fund purchased 8,772 shares of the oil and gas producer’s stock, valued at approximately $426,000.

Several other large investors have also modified their holdings of the company. Axiom Investment Management LLC acquired a new position in Occidental Petroleum during the 1st quarter worth $25,000. GKV Capital Management Co. Inc. acquired a new stake in shares of Occidental Petroleum in the first quarter valued at about $26,000. Portus Wealth Advisors LLC acquired a new stake in shares of Occidental Petroleum in the first quarter valued at about $29,000. Ballast Advisors LLC bought a new position in shares of Occidental Petroleum in the first quarter worth about $39,000. Finally, Whipplewood Advisors LLC bought a new position in shares of Occidental Petroleum in the first quarter worth about $42,000. 88.70% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Occidental Petroleum news, CEO Richard A. Jackson purchased 4,770 shares of the stock in a transaction on Tuesday, June 23rd. The shares were purchased at an average price of $52.38 per share, with a total value of $249,852.60. Following the acquisition, the chief executive officer directly owned 444,098 shares of the company’s stock, valued at $23,261,853.24. This represents a 1.09% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.50% of the stock is owned by corporate insiders.

Occidental Petroleum Trading Up 1.2%

Shares of OXY opened at $58.37 on Friday. The stock’s 50-day moving average price is $54.19 and its 200 day moving average price is $54.93. The company has a quick ratio of 1.13, a current ratio of 1.41 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $58.35 billion, a price-to-earnings ratio of 9.04, a P/E/G ratio of 0.79 and a beta of 0.15. Occidental Petroleum Corporation has a 12-month low of $38.80 and a 12-month high of $67.45.

Occidental Petroleum (NYSE:OXY) last announced its quarterly earnings data on Wednesday, August 5th. The oil and gas producer reported $2.40 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 company had revenue of $8.06 billion during the quarter, compared to the consensus estimate of $7.07 billion. The company’s quarterly revenue was up 53.4% on a year-over-year basis. During the same quarter last year, the company earned $0.39 EPS. As a group, research analysts predict that Occidental Petroleum Corporation will post 5.81 earnings per share for the current year.

Occidental Petroleum Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Thursday, September 10th will be given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 1.9%. This is an increase from Occidental Petroleum’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Thursday, September 10th. Occidental Petroleum’s dividend payout ratio (DPR) is 16.10%.

Wall Street Analysts Forecast Growth

OXY has been the subject of several recent analyst reports. Weiss Ratings upgraded Occidental Petroleum from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday. Truist Financial upped their price target on Occidental Petroleum from $57.00 to $63.00 and gave the stock a “hold” rating in a report on Monday, August 10th. The Goldman Sachs Group reduced their price objective on Occidental Petroleum from $64.00 to $60.00 and set a “neutral” rating for the company in a research report on Tuesday, June 30th. Capital One Financial raised their price objective on shares of Occidental Petroleum from $67.00 to $70.00 in a research note on Wednesday, May 27th. Finally, Morgan Stanley cut their target price on shares of Occidental Petroleum from $74.00 to $68.00 and set an “equal weight” rating for the company in a research note on Friday, June 26th. Ten analysts have rated the stock with a Buy rating and sixteen have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $65.00.

Trending Headlines about Occidental Petroleum

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

• Positive Sentiment: Analysts remain bullish: Recent commentary highlights Occidental’s operational improvements, valuation and potential for long-term momentum. One analyst framework identifies OXY as an attractive stock for investors seeking a combination of value, growth and momentum. Why Analysts are Bullish on Occidental Petroleum Why Occidental Petroleum Is a Top Momentum Stock for the Long Term
• Positive Sentiment: Strong Q2 execution supports the shares: Management attributed the earnings beat to efficiency gains, disciplined cost control and improved production, particularly in the Permian Basin. Gas-marketing optimization also benefited the midstream and marketing segment, while lower principal debt strengthens the balance sheet. 5 Insightful Analyst Questions From Occidental Petroleum’s Q2 Earnings Call
• Positive Sentiment: Higher price target signals upside: Susquehanna raised its target for Occidental to $70, implying analysts see additional appreciation potential from current trading levels. Susquehanna Raises Occidental Petroleum Price Target to $70
• Positive Sentiment: Energy-market backdrop is supportive: Rising crude prices and concerns over Middle East tensions, including potential disruption around the Strait of Hormuz, are drawing attention to oil producers such as OXY because higher oil prices can improve upstream revenue and cash flow. Occidental Draws Attention as Crude Rises
• Neutral Sentiment: Management has outlined a goal of generating $4 billion in sustainable annual cash flow by 2030. Achieving that objective will depend on commodity prices, continued production efficiency and further debt reduction. Occidental Q2 2026 Earnings Call Transcript

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.