Occidental Petroleum Corporation $OXY Shares Sold by Intrinsic Value Partners LLC

Intrinsic Value Partners LLC cut its position in shares of Occidental Petroleum Corporation (NYSE:OXY) by 20.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 43,034 shares of the oil and gas producer’s stock after selling 11,083 shares during the period. Occidental Petroleum accounts for 1.3% of Intrinsic Value Partners LLC’s holdings, making the stock its 21st biggest position. Intrinsic Value Partners LLC’s holdings in Occidental Petroleum were worth $1,770,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Occidental Petroleum by 0.8% in the third quarter. Vanguard Group Inc. now owns 89,201,540 shares of the oil and gas producer’s stock valued at $4,214,773,000 after buying an additional 697,521 shares in the last quarter. State Street Corp increased its holdings in Occidental Petroleum by 1.6% in the second quarter. State Street Corp now owns 39,044,478 shares of the oil and gas producer’s stock valued at $1,649,147,000 after buying an additional 615,566 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Occidental Petroleum by 11.5% in the third quarter. Dimensional Fund Advisors LP now owns 8,718,939 shares of the oil and gas producer’s stock valued at $412,045,000 after buying an additional 900,677 shares in the last quarter. Invesco Ltd. increased its holdings in Occidental Petroleum by 0.4% in the third quarter. Invesco Ltd. now owns 5,658,899 shares of the oil and gas producer’s stock valued at $267,383,000 after buying an additional 24,755 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Occidental Petroleum by 0.4% in the third quarter. Bank of New York Mellon Corp now owns 4,241,267 shares of the oil and gas producer’s stock valued at $200,400,000 after buying an additional 15,304 shares in the last quarter. Hedge funds and other institutional investors own 88.70% of the company’s stock.

Occidental Petroleum Trading Down 0.2%

Shares of OXY opened at $62.81 on Wednesday. Occidental Petroleum Corporation has a 52-week low of $34.78 and a 52-week high of $67.45. The company has a quick ratio of 0.74, a current ratio of 0.94 and a debt-to-equity ratio of 0.73. The firm’s fifty day moving average is $53.96 and its two-hundred day moving average is $46.44. The stock has a market cap of $62.29 billion, a PE ratio of 39.01 and a beta of 0.23.

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

Occidental Petroleum Increases Dividend

The firm also recently announced 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. This is a boost from Occidental Petroleum’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $1.04 annualized dividend and a yield of 1.7%. Occidental Petroleum’s dividend payout ratio is presently 64.60%.

Occidental Petroleum News Roundup

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

• Positive Sentiment: Oil-driven rally: Middle East conflict has lifted crude prices sharply, which boosted Occidental’s operating outlook and helped drive the stock’s recent rally. Why Occidental Petroleum Rallied in March
• Positive Sentiment: Momentum and buy signals: OXY was added to Zacks’ Rank #1 (Strong Buy) momentum lists this week, reflecting strong technical and sentiment momentum that can attract momentum-focused funds. Best Momentum Stocks to Buy for April 7th
• Positive Sentiment: Analyst upgrade and earnings setup: Wolfe Research raised its price target to $70 and kept an outperform rating, and Zacks highlights Occidental’s history of earnings surprises and a setup that could produce another beat — both support upside potential. Wolfe Research Adjusts Price Target Why Occidental Could Beat Earnings
• Neutral Sentiment: Strong one-year performance but mixed fundamentals: Zacks notes OXY has surged ~74% over the past year thanks to Permian scale, CrownRock integration and debt paydown, but also flags lagging ROE and a rich valuation — a mixed signal for longer-term investors. Occidental Outperforms Industry
• Negative Sentiment: Geopolitical tail-risk: High sensitivity to Middle East tensions is a two-way sword — commentators warn OXY could suffer significant declines if peace returns and oil prices pull back, creating clear downside risk. Jim Cramer Says Occidental Is a “Big Loser If Peace Breaks Out”
• Negative Sentiment: Volatility and valuation risk: Rapid oil gains (e.g., reports of a ~70% move in recent weeks) increase short-term volatility; with valuation described as rich by some analysts, a pullback in oil or profit-taking could pressure the stock. Oil Surged 70% in 26 Trading Days

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Scotiabank raised shares of Occidental Petroleum to a “hold” rating in a report on Friday, March 27th. HSBC boosted their price target on shares of Occidental Petroleum from $59.00 to $68.00 and gave the stock a “buy” rating in a report on Friday, March 20th. Jefferies Financial Group boosted their price target on shares of Occidental Petroleum from $42.00 to $47.00 and gave the stock a “hold” rating in a report on Monday, February 23rd. UBS Group boosted their price target on shares of Occidental Petroleum from $49.00 to $55.00 and gave the stock a “neutral” rating in a report on Thursday, March 5th. Finally, Argus raised shares of Occidental Petroleum to a “hold” rating in a report on Friday, February 27th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $59.52.

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.