Occidental Petroleum Corporation $OXY Shares Sold by Machina Capital S.A.S.

Machina Capital S.A.S. reduced its holdings in Occidental Petroleum Corporation (NYSE:OXY) by 55.4% during the 3rd quarter, Holdings Channel reports. The fund owned 44,426 shares of the oil and gas producer’s stock after selling 55,109 shares during the quarter. Machina Capital S.A.S.’s holdings in Occidental Petroleum were worth $2,458,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in OXY. Berkshire Hathaway Inc bought a new position in Occidental Petroleum in the 2nd quarter valued at about $12,868,205,000. Engineers Gate Manager LP increased its stake in Occidental Petroleum by 1,329.2% during the 2nd quarter. Engineers Gate Manager LP now owns 59,725 shares of the oil and gas producer’s stock valued at $2,901,000 after buying an additional 55,546 shares during the period. Public Employees Retirement System of Ohio bought a new stake in shares of Occidental Petroleum during the 2nd quarter worth about $10,041,000. Swiss National Bank raised its position in shares of Occidental Petroleum by 7.2% during the 1st quarter. Swiss National Bank now owns 2,168,414 shares of the oil and gas producer’s stock worth $140,947,000 after buying an additional 145,100 shares in the last quarter. Finally, Bank of Nova Scotia acquired a new stake in shares of Occidental Petroleum in the 2nd quarter worth approximately $4,209,000. Institutional investors own 88.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on OXY shares. Stifel Nicolaus started coverage on shares of Occidental Petroleum in a report on Thursday, September 10th. They issued a “hold” rating and a $68.00 price objective for the company. The Goldman Sachs Group raised their price objective on shares of Occidental Petroleum from $69.00 to $76.00 and gave the company a “buy” rating in a research note on Tuesday, October 27th. Seaport Research Partners initiated coverage on Occidental Petroleum in a report on Thursday, September 3rd. They set a “buy” rating and a $73.00 target price on the stock. UBS Group upped their target price on Occidental Petroleum from $67.00 to $73.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 14th. Finally, Morgan Stanley upped their target price on Occidental Petroleum from $69.00 to $71.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 15th. Twelve equities research analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $67.62.

Occidental Petroleum Price Performance

Shares of Occidental Petroleum stock opened at $57.28 on Thursday. Occidental Petroleum Corporation has a 52 week low of $38.80 and a 52 week high of $67.45. The company has a current ratio of 1.38, a quick ratio of 1.13 and a debt-to-equity ratio of 0.33. The stock has a market cap of $57.28 billion, a PE ratio of 7.72, a price-to-earnings-growth ratio of 0.66 and a beta of 0.16. The company’s 50-day moving average price is $59.84 and its two-hundred day moving average price is $56.48.

Occidental Petroleum (NYSE:OXY) last posted its quarterly earnings data on Monday, November 9th. The oil and gas producer reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.45. Occidental Petroleum had a net margin of 32.17% and a return on equity of 18.55%. The company had revenue of $6.77 billion during the quarter, compared to analyst estimates of $6.82 billion. During the same quarter last year, the firm posted $0.64 EPS. The business’s revenue for the quarter was up 20.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Occidental Petroleum Corporation will post 6.83 EPS for the current fiscal year.

Occidental Petroleum Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 15th. Investors of record on Thursday, December 10th will be issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Thursday, December 10th. Occidental Petroleum’s payout ratio is presently 17.34%.

Recent Occidental Petroleum Headlines

These are some of the OXY headlines that stood out recently:

• Positive Sentiment: Occidental reported strong third-quarter cash generation, beat production guidance and repaid $1.8 billion of debt during the quarter. Reports also cited $2.8 billion in free cash flow. Occidental Q3 earnings call highlights
• Positive Sentiment: Management’s debt plan is a key catalyst: Occidental says it reduced debt by $10.4 billion in 2026 and is targeting $6 billion. It also outlined $700–800 million in sustainable cash-flow improvement for 2027, potentially supporting stronger shareholder returns. Occidental Q3 earnings call centers on debt cuts and cash flow
• Neutral Sentiment: Management’s outlook puts capital spending and potential buybacks in focus. The cash-flow gains could help shareholder returns, but their impact depends on execution and how cash is allocated. Occidental Q3 earnings call centers on debt cuts and cash flow

Occidental Petroleum Profile

Occidental Petroleum Corporation is an energy and chemicals company headquartered in Houston, Texas. Its oil and gas business explores for and produces crude oil, natural gas liquids and natural gas, with operations in the United States and international markets, including the Middle East and North Africa. Through its OxyChem business, Occidental manufactures and markets basic chemicals and vinyl products used in applications such as water treatment, construction and consumer goods. The company also develops carbon management and lower-carbon technology projects, including carbon capture and storage.