26,472 Shares in Occidental Petroleum Corporation $OXY Bought by Oak Thistle LLC

Oak Thistle LLC acquired a new position in shares of Occidental Petroleum Corporation (NYSE:OXY) in the 4th quarter, HoldingsChannel reports. The fund acquired 26,472 shares of the oil and gas producer’s stock, valued at approximately $1,089,000.

Several other large investors have also modified their holdings of the company. Moody National Bank Trust Division boosted its holdings in shares of Occidental Petroleum by 1.5% during 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 period. Apella Capital LLC boosted its holdings in Occidental Petroleum by 3.4% in the 4th quarter. Apella Capital LLC now owns 7,019 shares of the oil and gas producer’s stock valued at $289,000 after purchasing an additional 233 shares during the period. Jamison Private Wealth Management Inc. boosted its holdings in Occidental Petroleum by 1.8% in the 4th quarter. Jamison Private Wealth Management Inc. now owns 13,934 shares of the oil and gas producer’s stock valued at $573,000 after purchasing an additional 249 shares during the period. Woodward Diversified Capital LLC boosted its holdings in Occidental Petroleum by 4.2% in the 4th quarter. Woodward Diversified Capital LLC now owns 6,652 shares of the oil and gas producer’s stock valued at $274,000 after purchasing an additional 270 shares during the period. Finally, Inscription Capital LLC boosted its holdings in Occidental Petroleum by 0.8% in the 3rd quarter. Inscription Capital LLC now owns 32,734 shares of the oil and gas producer’s stock valued at $1,547,000 after purchasing an additional 271 shares during the period. 88.70% of the stock is owned by institutional investors.

Key Occidental Petroleum News

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

• Positive Sentiment: Discovery upside: Occidental announced an oil discovery at the Bandit prospect (Green Canyon Block 680) in the Gulf of America; the well encountered full-to-base, high-quality Miocene sands and has tie‑back potential, which could add low‑cost barrels and lift reserve and production optionality. Read More.
• Positive Sentiment: Operational growth: Oxy Oman reported a 9% increase in hydrocarbon production, supporting near‑term cash flow and demonstrating execution on existing assets in the Middle East. Strong regional production helps diversify Occidental’s growth drivers. Read More.
• Positive Sentiment: Analyst upgrade: Wells Fargo raised its price target to $72 and moved OXY to Overweight, signaling bullish analyst sentiment and implying significant upside from current levels if commodity and execution assumptions hold. Analyst support can spur demand for the stock. Read More.
• Positive Sentiment: Price‑target lift from BMO: BMO raised its target to $65 (market‑perform), a smaller endorsement but additional analyst upward pressure on valuation. Read More.
• Neutral Sentiment: Volatility explained: Multiple reports note OXY’s high leverage to crude prices — the stock tends to amplify oil moves, so headlines and geopolitical noise create sharp intraday swings. This explains today’s early strength and later weakness. Read More.
• Neutral Sentiment: Valuation watch: Coverage questioning whether OXY’s big multi‑month rally leaves less upside than before highlights valuation risk — the stock is now more sensitive to near‑term oil moves and execution updates. Investors should weigh oil exposure vs. growth from discoveries and production. Read More.
• Negative Sentiment: Geopolitical ceasefire reduces oil price support: Shares fell after news of a two‑week suspension of attacks on Iran (announced by President Trump), which triggered a large decline in crude prices — a direct negative for Occidental’s upstream revenues and near‑term cash flow. Read More.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on OXY. HSBC increased their price target on shares of Occidental Petroleum from $59.00 to $68.00 and gave the company a “buy” rating in a report on Friday, March 20th. Truist Financial began coverage on shares of Occidental Petroleum in a report on Tuesday, March 24th. They issued a “hold” rating and a $65.00 price target for the company. Wall Street Zen raised shares of Occidental Petroleum from a “sell” rating to a “hold” rating in a report on Saturday, February 28th. Mizuho increased their price target on shares of Occidental Petroleum from $67.00 to $72.00 and gave the company an “outperform” rating in a report on Tuesday, March 17th. Finally, Zacks Research raised shares of Occidental Petroleum from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 31st. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $59.87.

Occidental Petroleum Price Performance

NYSE:OXY opened at $58.53 on Friday. The company has a 50-day moving average of $54.52 and a 200-day moving average of $46.61. The company has a market capitalization of $58.05 billion, a price-to-earnings ratio of 36.36 and a beta of 0.23. Occidental Petroleum Corporation has a 52 week low of $35.67 and a 52 week high of $67.45. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.74 and a current ratio of 0.94.

Occidental Petroleum (NYSE:OXY) last released its quarterly earnings data on Wednesday, February 18th. The oil and gas producer reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.13. The company had revenue of $5.11 billion during the quarter, compared to the consensus estimate of $6.02 billion. Occidental Petroleum had a net margin of 9.14% and a return on equity of 9.89%. The firm’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same period last year, the firm earned $0.80 EPS. As a group, equities research analysts anticipate that Occidental Petroleum Corporation will post 3.58 earnings per share for the current fiscal year.

Occidental Petroleum Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 10th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Tuesday, March 10th. This is a positive change from Occidental Petroleum’s previous quarterly dividend of $0.24. Occidental Petroleum’s payout ratio is 64.60%.

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.