Modern Wealth Management LLC Grows Stock Position in Occidental Petroleum Corporation $OXY

Modern Wealth Management LLC raised its position in Occidental Petroleum Corporation (NYSE:OXY) by 216.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,278 shares of the oil and gas producer’s stock after buying an additional 15,922 shares during the quarter. Modern Wealth Management LLC’s holdings in Occidental Petroleum were worth $1,100,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Woodline Partners LP raised its stake in Occidental Petroleum by 40.7% in the 1st quarter. Woodline Partners LP now owns 57,079 shares of the oil and gas producer’s stock valued at $2,817,000 after acquiring an additional 16,506 shares during the period. Resona Asset Management Co. Ltd. lifted its holdings in Occidental Petroleum by 6.0% during the second quarter. Resona Asset Management Co. Ltd. now owns 232,028 shares of the oil and gas producer’s stock valued at $9,769,000 after purchasing an additional 13,081 shares during the last quarter. Modera Wealth Management LLC boosted its position in Occidental Petroleum by 7.8% during the second quarter. Modera Wealth Management LLC now owns 13,557 shares of the oil and gas producer’s stock worth $570,000 after purchasing an additional 978 shares during the period. Metis Global Partners LLC increased its stake in shares of Occidental Petroleum by 3.8% in the second quarter. Metis Global Partners LLC now owns 37,580 shares of the oil and gas producer’s stock worth $1,579,000 after purchasing an additional 1,373 shares in the last quarter. Finally, AGF Management Ltd. increased its stake in shares of Occidental Petroleum by 31.0% in the second quarter. AGF Management Ltd. now owns 72,906 shares of the oil and gas producer’s stock worth $3,063,000 after purchasing an additional 17,257 shares in the last quarter. Hedge funds and other institutional investors own 88.70% of the company’s stock.

Trending Headlines about Occidental Petroleum

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

• Positive Sentiment: Geopolitical risk: Reports of an Iranian tanker strike near Kuwait and broader Middle East conflict concerns are pushing oil prices and lifting shares of oil producers, benefiting OXY. Occidental Petroleum Stock Rises Amid Middle East Conflict Concerns
• Positive Sentiment: Rising oil prices: Recent rallies in crude have been a primary catalyst for OXY’s move higher — energy leverage means rising WTI boosts Occidental’s revenues and margins. Why Occidental Petroleum Stock Rocketed Nearly 17% in February
• Positive Sentiment: Unusual bullish options flow: Traders bought ~120,397 OXY calls (up ~96% vs. average), signaling strong speculative bullish interest and potential further upside pressure on the stock as market participants position for higher oil/stock levels.
• Positive Sentiment: Investor confidence / narrative tailwinds: Coverage highlighting Warren Buffett’s stake and bullish thesis (Occidental’s strategic reset, divestitures, and Berkshire backing) is reinforcing investor demand for OXY as an oil-exposure play. Warren Buffett’s Oil Bet Looks Genius, Here Is What to Buy Next
• Positive Sentiment: Debt management: Occidental announced and updated cash tender offers and consent solicitations for several senior notes and increased the aggregate cap on purchases — moves that reduce outstanding debt and are generally viewed positively by bond and equity investors. Occidental Announces Total Consideration for its Cash Tender Offers…
• Neutral Sentiment: Early tender results / upsized offer: Occidental reported early tender results and increased the maximum aggregate principal amount it will accept — this signals active liability management but uses cash, so the net impact depends on financing and future cash flow. Occidental Announces Early Tender Results and Upsize…
• Neutral Sentiment: Analyst target moves: UBS and Piper Sandler each raised OXY price targets (UBS to $55, Piper Sandler to $54) but maintained neutral ratings — modestly supportive for the stock, though not a full upgrade. Benzinga
• Neutral Sentiment: Sector commentary and attention: MarketBeat, Zacks, and other outlets are spotlighting OXY as a high-conviction energy play amid supply concerns; useful for retail/institutional interest but not an immediate earnings driver. Chaos & Crude: 3 Energy Stocks Built to Thrive…

Insider Activity

In other Occidental Petroleum news, Director William R. Klesse acquired 5,000 shares of the stock in a transaction that occurred on Tuesday, December 16th. The shares were bought at an average price of $38.98 per share, for a total transaction of $194,900.00. Following the completion of the transaction, the director owned 218,913 shares of the company’s stock, valued at approximately $8,533,228.74. This represents a 2.34% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.49% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on OXY. Susquehanna upped their price target on shares of Occidental Petroleum from $51.00 to $60.00 and gave the company a “positive” rating in a research note on Friday, February 20th. UBS Group lifted their price objective on shares of Occidental Petroleum from $49.00 to $55.00 and gave the company a “neutral” rating in a research note on Thursday. Zacks Research raised shares of Occidental Petroleum from a “strong sell” rating to a “hold” rating in a report on Monday, March 2nd. Weiss Ratings downgraded Occidental Petroleum from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, February 19th. Finally, Argus raised Occidental Petroleum to a “hold” rating in a report on Friday, February 27th. Seven equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, Occidental Petroleum currently has a consensus rating of “Hold” and an average price target of $51.24.

Occidental Petroleum Price Performance

OXY stock opened at $54.28 on Monday. The firm has a 50 day moving average of $46.06 and a 200-day moving average of $44.25. The firm has a market capitalization of $53.53 billion, a P/E ratio of 33.71 and a beta of 0.34. Occidental Petroleum Corporation has a 12 month low of $34.78 and a 12 month high of $56.34. The company has a current ratio of 0.94, a quick ratio of 0.74 and a debt-to-equity ratio of 0.73.

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

Occidental Petroleum Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 10th will be issued a $0.26 dividend. The ex-dividend date of this dividend is Tuesday, March 10th. This is an increase from Occidental Petroleum’s previous quarterly dividend of $0.24. This represents a $1.04 annualized dividend and a dividend yield of 1.9%. Occidental Petroleum’s payout ratio is currently 59.63%.

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.