Janus Henderson Group PLC Grows Stake in Occidental Petroleum Corporation $OXY

Janus Henderson Group PLC increased its position in Occidental Petroleum Corporation (NYSE:OXY) by 38.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 81,722 shares of the oil and gas producer’s stock after acquiring an additional 22,863 shares during the period. Janus Henderson Group PLC’s holdings in Occidental Petroleum were worth $5,310,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of OXY. Bull Harbor Capital LLC bought a new position in shares of Occidental Petroleum in the 1st quarter worth approximately $702,000. Arkadios Wealth Advisors grew its position in Occidental Petroleum by 46.7% during the first quarter. Arkadios Wealth Advisors now owns 60,427 shares of the oil and gas producer’s stock valued at $3,928,000 after buying an additional 19,244 shares during the period. IFS Group LLC bought a new stake in Occidental Petroleum during the first quarter valued at approximately $534,000. Encore Global Management LP purchased a new stake in Occidental Petroleum during the first quarter valued at approximately $3,270,000. Finally, Amundi raised its position in Occidental Petroleum by 2.7% in the first quarter. Amundi now owns 2,979,380 shares of the oil and gas producer’s stock worth $193,660,000 after acquiring an additional 78,335 shares during the period. Institutional investors own 88.70% of the company’s stock.

Occidental Petroleum Stock Up 4.0%

Shares of OXY stock opened at $55.96 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.21 and a quick ratio of 1.01. Occidental Petroleum Corporation has a one year low of $38.80 and a one year high of $67.45. The company’s fifty day moving average price is $54.22 and its 200-day moving average price is $54.38. The company has a market capitalization of $55.66 billion, a price-to-earnings ratio of 8.66, a PEG ratio of 0.79 and a beta of 0.15.

Occidental Petroleum (NYSE:OXY) last issued its earnings results on Wednesday, August 5th. The oil and gas producer reported $2.40 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.57. Occidental Petroleum had a net margin of 28.36% and a return on equity of 15.93%. The company had revenue of $8.06 billion during the quarter, compared to the consensus estimate of $7.07 billion. During the same quarter in the prior year, the firm posted $0.39 EPS. Occidental Petroleum’s quarterly revenue was up 53.4% compared to the same quarter last year. Sell-side analysts expect that Occidental Petroleum Corporation will post 5.35 EPS for the current fiscal year.

Occidental Petroleum Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Thursday, September 10th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.0%. This is a positive change 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 is currently 16.10%.

Insider Activity

In other Occidental Petroleum news, CEO Richard A. Jackson bought 4,770 shares of the business’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was purchased at an average price of $52.38 per share, for a total transaction of $249,852.60. Following the completion of the transaction, the chief executive officer owned 444,098 shares of the company’s stock, valued at $23,261,853.24. This trade represents a 1.09% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.50% of the company’s stock.

More Occidental Petroleum News

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

• Positive Sentiment: Quarterly results exceeded expectations. Adjusted earnings were $2.40 per share versus consensus estimates of roughly $1.83-$1.92, while revenue reached about $8.07 billion, up more than 50% year over year and well above forecasts. Occidental Q2 Earnings Beat on Oil Prices and Midstream Strength
• Positive Sentiment: Higher oil prices and stronger operations supported the beat. Realized worldwide crude prices rose 38% sequentially to $96.78 per barrel, production averaged 1.433 million barrels of oil equivalent per day—above the company’s guidance range—and midstream and marketing income also exceeded expectations. Occidental Profit Jumps on Higher Oil Prices and Midstream Gains
• Positive Sentiment: Balance-sheet progress and shareholder returns improved. Occidental generated its strongest quarterly free cash flow since 2022, reduced principal debt by $1.9 billion to $11.8 billion and raised its quarterly dividend 7.7% to $0.28 per share. These moves reinforce management’s deleveraging strategy while providing investors with a higher income return. Occidental sees flat spending, output in 2027, keeps focus on debt reduction
• Positive Sentiment: Analyst sentiment strengthened. Barclays raised its price target from $72 to $75 and maintained an “overweight” rating, citing potential upside from the earnings and cash-flow improvement. Barclays raises Occidental price target
• Neutral Sentiment: 2027 plans emphasize stability rather than growth. Occidental expects production and capital spending to remain broadly flat next year, with excess cash continuing to be directed toward debt reduction. This supports financial discipline but offers limited near-term production growth. Occidental expects flat production and capex in 2027
• Negative Sentiment: Commodity-price and geopolitical risks remain. Oil prices have faced pressure amid reports of potential U.S.-Iran peace talks, highlighting the risk that lower crude prices could reduce Occidental’s earnings and cash flow. Occidental in Focus as Oil Slides on U.S.-Iran Peace Talks

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on OXY shares. The Goldman Sachs Group cut their price objective on shares of Occidental Petroleum from $64.00 to $60.00 and set a “neutral” rating for the company in a research report on Tuesday, June 30th. Barclays lifted their target price on Occidental Petroleum from $72.00 to $75.00 and gave the company an “overweight” rating in a research report on Thursday. Roth Capital boosted their price target on Occidental Petroleum from $45.00 to $55.00 and gave the company a “neutral” rating in a report on Wednesday, April 15th. Wells Fargo & Company upped their price target on Occidental Petroleum from $69.00 to $72.00 and gave the stock an “overweight” rating in a research report on Thursday, April 9th. Finally, Citigroup lowered their price objective on Occidental Petroleum from $62.00 to $60.00 and set a “neutral” rating on the stock in a research report on Friday, July 17th. Ten equities research analysts have rated the stock with a Buy rating and sixteen have issued a Hold rating to the stock. According to MarketBeat, Occidental Petroleum presently has an average rating of “Hold” and a consensus target price of $64.30.

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.