Inspire Trust Co. N.A. Has $4.89 Million Stock Position in Occidental Petroleum Corporation $OXY

Inspire Trust Co. N.A. grew its position in Occidental Petroleum Corporation (NYSE:OXY) by 20.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 119,000 shares of the oil and gas producer’s stock after acquiring an additional 20,000 shares during the period. Inspire Trust Co. N.A.’s holdings in Occidental Petroleum were worth $4,893,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Activest Wealth Management boosted its stake in Occidental Petroleum by 68.5% in the 4th quarter. Activest Wealth Management now owns 750 shares of the oil and gas producer’s stock worth $31,000 after purchasing an additional 305 shares during the period. Binnacle Investments Inc bought a new stake in Occidental Petroleum during the 3rd quarter worth about $35,000. Garner Asset Management Corp bought a new stake in Occidental Petroleum during the 4th quarter worth about $37,000. Elyxium Wealth LLC bought a new stake in Occidental Petroleum during the 4th quarter worth about $39,000. Finally, JPL Wealth Management LLC bought a new stake in Occidental Petroleum during the 3rd quarter worth about $52,000. Institutional investors and hedge funds own 88.70% of the company’s stock.

Key Stories Impacting Occidental Petroleum

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

• Positive Sentiment: Barclays upgraded Occidental Petroleum (OXY), adding to a growing list of favorable analyst calls that can lift investor confidence in the stock. Barclays upgrades Occidental Petroleum (OXY)
• Positive Sentiment: Capital One Financial raised its price target on Occidental Petroleum (OXY) from $67 to $70, implying meaningful upside from recent trading levels and signaling stronger analyst expectations. Capital One Securities lifts Occidental Petroleum price target to 70 from 67
• Positive Sentiment: Mizuho also boosted its price target on Occidental Petroleum (OXY) from $72 to $75 and reiterated an outperform view, reinforcing the bullish analyst backdrop. Occidental Petroleum price target raised by Mizuho
• Neutral Sentiment: Several recent articles compare Occidental Petroleum (OXY) with Exxon Mobil and discuss valuation, strategy, and Buffett-related ownership themes, but these are more informational than immediate stock-moving catalysts. Occidental Petroleum vs Exxon Mobil: The Better Oil Titan For 2026
• Neutral Sentiment: Broader coverage notes Berkshire Hathaway’s stake and Occidental’s long-term investment story, but this appears to be background rather than a fresh catalyst for the shares. From $90K Bet to $800K Windfall
• Negative Sentiment: One market recap flagged weakness in energy producers, which can pressure oil stocks like Occidental Petroleum (OXY) when sector sentiment turns soft. Stocks Pressured by Weakness in Energy Producers and Cybersecurity Stocks

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Argus raised shares of Occidental Petroleum to a “hold” rating in a research report on Friday, February 27th. Mizuho boosted their price target on shares of Occidental Petroleum from $72.00 to $75.00 and gave the stock an “outperform” rating in a research report on Wednesday. Barclays raised shares of Occidental Petroleum from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $59.00 to $72.00 in a research report on Tuesday. Wall Street Zen raised shares of Occidental Petroleum from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. Finally, Morgan Stanley boosted their price target on shares of Occidental Petroleum from $73.00 to $74.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 21st. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Occidental Petroleum currently has an average rating of “Hold” and a consensus price target of $63.74.

Occidental Petroleum Stock Up 0.8%

Occidental Petroleum stock opened at $57.34 on Friday. The stock has a market cap of $57.03 billion, a P/E ratio of 14.44 and a beta of 0.17. 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 Corporation has a twelve month low of $38.80 and a twelve month high of $67.45. The company’s 50-day moving average price is $58.92 and its two-hundred day moving average price is $49.92.

Occidental Petroleum (NYSE:OXY) last released its quarterly earnings results on Tuesday, May 5th. The oil and gas producer reported $1.06 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.46. The firm had revenue of $5.11 billion for the quarter, compared to analysts’ expectations of $5.44 billion. Occidental Petroleum had a net margin of 19.98% and a return on equity of 9.65%. The business’s revenue was down 8.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.14 EPS. As a group, analysts expect that Occidental Petroleum Corporation will post 5.33 EPS for the current year.

Occidental Petroleum Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, June 10th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $1.04 annualized dividend and a dividend yield of 1.8%. Occidental Petroleum’s dividend payout ratio (DPR) is currently 26.20%.

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.