Occidental Petroleum Corporation $OXY Shares Sold by RBF Capital LLC

RBF Capital LLC lessened its stake in shares of Occidental Petroleum Corporation (NYSE:OXY) by 27.5% in the first quarter, HoldingsChannel reports. The firm owned 29,000 shares of the oil and gas producer’s stock after selling 11,000 shares during the quarter. RBF Capital LLC’s holdings in Occidental Petroleum were worth $1,885,000 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 OXY. Dimensional Fund Advisors LP boosted its stake in shares of Occidental Petroleum by 21.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 10,602,660 shares of the oil and gas producer’s stock worth $436,008,000 after purchasing an additional 1,883,721 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Occidental Petroleum by 44.6% during the first quarter. Bank of New York Mellon Corp now owns 5,761,082 shares of the oil and gas producer’s stock valued at $374,470,000 after buying an additional 1,776,922 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Occidental Petroleum by 54.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,959,638 shares of the oil and gas producer’s stock valued at $162,820,000 after buying an additional 1,393,638 shares during the period. Wellington Management Group LLP boosted its position in Occidental Petroleum by 1,029.9% during the third quarter. Wellington Management Group LLP now owns 1,493,747 shares of the oil and gas producer’s stock worth $70,580,000 after acquiring an additional 1,361,541 shares during the last quarter. Finally, Sei Investments Co. grew its stake in Occidental Petroleum by 247.0% in the 1st quarter. Sei Investments Co. now owns 1,734,052 shares of the oil and gas producer’s stock worth $112,719,000 after acquiring an additional 1,234,350 shares during the period. 88.70% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Richard A. Jackson acquired 4,770 shares of the business’s stock in a transaction dated Tuesday, June 23rd. The shares were bought at an average cost of $52.38 per share, for a total transaction of $249,852.60. Following the acquisition, the chief executive officer directly owned 444,098 shares in the company, valued at $23,261,853.24. This trade represents a 1.09% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.50% of the stock is owned by corporate insiders.

Key Headlines Impacting Occidental Petroleum

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

• Positive Sentiment: Oil rally supports OXY: Crude prices climbed amid renewed Middle East supply concerns, including escalating tensions involving Iran and uncertainty surrounding the Strait of Hormuz. Higher oil prices generally benefit Occidental’s upstream operations and cash generation. Occidental Petroleum Rises as Oil Rebounds and Strong Q2 Pricing Supports Earnings Hopes
• Positive Sentiment: Strong realized oil prices raise earnings hopes: Occidental reported an average worldwide realized oil price of $96.78 per barrel for the second quarter, above the period’s average WTI price of $92.79. The company is scheduled to report second-quarter results on August 5, and investors are positioning for potential earnings growth or a beat. Occidental Petroleum Reports Next Week: Wall Street Expects Earnings Growth
• Neutral Sentiment: Analyst conviction remains limited: Goldman Sachs and Bank of America Securities both maintained Hold ratings on OXY. The unchanged recommendations may temper enthusiasm despite recent bullish commodity and earnings trends. Goldman Sachs Maintains Hold Rating Bank of America Securities Maintains Hold Rating
• Neutral Sentiment: Options market signals heightened uncertainty: Implied volatility for OXY options has surged, suggesting traders expect larger-than-usual price movements around the earnings report or commodity-market developments. This reflects increased risk and opportunity rather than a clear directional signal. Implied Volatility Surging for Occidental Petroleum Stock Options
• Negative Sentiment: CrownRock acquisition remains a financial consideration: Occidental’s roughly $12 billion purchase of CrownRock could expand its Permian Basin position and production base, but the transaction also creates integration and leverage risks that may constrain valuation if oil prices weaken. Why Occidental Petroleum Is Spending $12 Billion to Buy CrownRock

Occidental Petroleum Stock Up 4.1%

Shares of NYSE OXY opened at $56.14 on Thursday. Occidental Petroleum Corporation has a 52-week low of $38.80 and a 52-week high of $67.45. The firm has a fifty day moving average of $54.53 and a 200-day moving average of $53.86. The stock has a market capitalization of $55.84 billion, a PE ratio of 14.14 and a beta of 0.15. The company has a quick ratio of 1.01, a current ratio of 1.21 and a debt-to-equity ratio of 0.49.

Occidental Petroleum (NYSE:OXY) last issued its earnings results on Tuesday, May 5th. The oil and gas producer reported $1.06 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.46. Occidental Petroleum had a return on equity of 9.65% and a net margin of 19.98%.The business had revenue of $5.11 billion for the quarter, compared to analyst estimates of $5.44 billion. During the same period last year, the company posted $0.14 EPS. The business’s quarterly revenue was down 8.3% on a year-over-year basis. On average, analysts anticipate that Occidental Petroleum Corporation will post 5.66 EPS for the current year.

Wall Street Analysts Forecast Growth

OXY has been the topic of a number of recent analyst reports. Roth Capital increased their price target on Occidental Petroleum from $45.00 to $55.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 15th. Truist Financial lowered their price objective on Occidental Petroleum from $65.00 to $57.00 and set a “hold” rating for the company in a research report on Friday, May 8th. Susquehanna upped their target price on Occidental Petroleum from $60.00 to $67.00 and gave the company a “positive” rating in a research note on Tuesday, April 21st. Morgan Stanley reduced their target price on Occidental Petroleum from $74.00 to $68.00 and set an “equal weight” rating on the stock in a research report on Friday, June 26th. Finally, Wolfe Research lifted their price target on Occidental Petroleum from $67.00 to $70.00 and gave the company an “outperform” rating in a report on Monday, April 6th. Ten analysts have rated the stock with a Buy rating and sixteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $64.17.

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.