Gradient Investments LLC Sells 9,007 Shares of Occidental Petroleum Corporation $OXY

Gradient Investments LLC trimmed its stake in shares of Occidental Petroleum Corporation (NYSE:OXY) by 23.0% in the fourth quarter, HoldingsChannel reports. The firm owned 30,110 shares of the oil and gas producer’s stock after selling 9,007 shares during the quarter. Gradient Investments LLC’s holdings in Occidental Petroleum were worth $1,238,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Moody National Bank Trust Division raised its holdings in Occidental Petroleum by 1.5% in the 3rd quarter. Moody National Bank Trust Division now owns 15,555 shares of the oil and gas producer’s stock valued at $735,000 after acquiring an additional 229 shares during the period. Inscription Capital LLC grew its position in shares of Occidental Petroleum by 0.8% in the third 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 last quarter. Cigna Investments Inc. New increased its stake in shares of Occidental Petroleum by 4.3% during the third quarter. Cigna Investments Inc. New now owns 6,809 shares of the oil and gas producer’s stock worth $321,000 after purchasing an additional 280 shares during the period. Greenleaf Trust lifted its holdings in Occidental Petroleum by 2.7% during the 3rd quarter. Greenleaf Trust now owns 11,330 shares of the oil and gas producer’s stock worth $535,000 after purchasing an additional 296 shares during the last quarter. Finally, Northwestern Mutual Investment Management Company LLC boosted its stake in Occidental Petroleum by 1.3% in the 3rd quarter. Northwestern Mutual Investment Management Company LLC now owns 22,904 shares of the oil and gas producer’s stock valued at $1,082,000 after purchasing an additional 299 shares during the period. Institutional investors and hedge funds own 88.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. BMO Capital Markets increased their price objective on Occidental Petroleum from $48.00 to $60.00 and gave the stock a “market perform” rating in a research report on Monday, February 23rd. Raymond James Financial reissued an “outperform” rating and issued a $50.00 target price on shares of Occidental Petroleum in a research report on Tuesday, November 25th. Mizuho raised their price target on shares of Occidental Petroleum from $67.00 to $72.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 17th. Weiss Ratings upgraded shares of Occidental Petroleum from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, March 9th. Finally, Wall Street Zen upgraded shares of Occidental Petroleum from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. Nine equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $55.59.

Occidental Petroleum Stock Performance

OXY opened at $61.18 on Wednesday. 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 Corporation has a 52-week low of $34.78 and a 52-week high of $62.11. The firm has a market cap of $60.67 billion, a P/E ratio of 38.00 and a beta of 0.34. The business’s fifty day moving average is $49.92 and its 200-day moving average is $45.21.

Occidental Petroleum (NYSE:OXY) last posted its quarterly earnings data on Wednesday, February 18th. The oil and gas producer reported $0.31 earnings per share 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 business had revenue of $5.11 billion during the quarter, compared to analysts’ expectations of $6.02 billion. During the same quarter in the prior year, the business posted $0.80 earnings per share. Occidental Petroleum’s revenue was down 5.2% compared to the same quarter last year. Sell-side analysts expect that Occidental Petroleum Corporation will post 3.58 EPS for the current fiscal year.

Occidental Petroleum Increases Dividend

The firm 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 dividend of $0.26 per share. This is an increase 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 dividend on an annualized basis and a dividend yield of 1.7%. Occidental Petroleum’s payout ratio is presently 64.60%.

Key Headlines Impacting Occidental Petroleum

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

• Positive Sentiment: Analyst / comparison pieces argue OXY stands to benefit more than some Permian peers from oil-price spikes due to limited hedging (boosting near-term cash flow) and stronger earnings revisions — a structural reason for relative outperformance. DVN vs. OXY: Which Permian Stock Benefits More From Oil Price Spikes?
• Positive Sentiment: JPMorgan/other broker activity: recent upgrade/newsflow (reported 3/23) and coverage comparisons have supported investor interest and momentum in OXY. Occidental Petroleum Upgraded at JPMorgan Chase & Co.
• Positive Sentiment: Macro headlines (reported pre-market) — constructive U.S.-Iran diplomatic comments — lifted crude futures and oil-linked names, providing a tailwind to OXY shares. Pre-Market Turns Green
• Positive Sentiment: Market commentary and screens are including OXY among oil stocks with outsized upside potential amid the recent crude rally, which can attract momentum and thematic inflows. 3 Oil Stocks Set to Deliver 50%+ Returns in 2026
• Neutral Sentiment: Truist initiated coverage with a “Hold” and $65 price target (modest upside vs. the current level) — a neutral signal that may cap short-term upside until clearer catalysts emerge. Benzinga Coverage Note
• Neutral Sentiment: Several articles ask whether the recent run makes OXY fully valued now; these pieces can temper new-money flows even as momentum remains. Is It Too Late To Consider Occidental Petroleum?
• Negative Sentiment: Company fundamentals to watch: last reported quarter beat EPS but missed revenue and year-over-year revenue was down; those execution/volume signals could restrain valuation if higher oil prices don’t translate into sustainable top-line growth. (Quarterly details reported Feb 18.)

Occidental Petroleum 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.