10,063 Occidental Petroleum Corporation $OXY Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund trimmed its stake in shares of Occidental Petroleum Corporation (NYSE:OXY) by 4.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 229,646 shares of the oil and gas producer’s stock after selling 10,063 shares during the period. Illinois Municipal Retirement Fund’s holdings in Occidental Petroleum were worth $12,704,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Axiom Investment Management LLC acquired a new position in Occidental Petroleum in the 1st quarter worth $25,000. GKV Capital Management Co. Inc. bought a new position in Occidental Petroleum during the 1st quarter worth about $26,000. William Mack & Associates Inc. acquired a new stake in shares of Occidental Petroleum in the 3rd quarter valued at about $27,000. Hara Capital LLC acquired a new stake in shares of Occidental Petroleum in the 2nd quarter valued at about $25,000. Finally, Ballast Advisors LLC bought a new stake in shares of Occidental Petroleum in the first quarter valued at about $39,000. 88.70% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

OXY has been the subject of several recent research reports. Piper Sandler began coverage on Occidental Petroleum in a research report on Tuesday, October 27th. They set a “neutral” rating and a $69.00 price objective for the company. Citigroup dropped their target price 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. Stifel Nicolaus started coverage on Occidental Petroleum in a research note on Thursday, September 10th. They issued a “hold” rating and a $68.00 target price on the stock. Truist Financial upped their price target on Occidental Petroleum from $63.00 to $64.00 and gave the stock a “hold” rating in a research report on Thursday, October 15th. Finally, Barclays decreased their price target on shares of Occidental Petroleum from $75.00 to $71.00 and set an “overweight” rating for the company in a research note on Monday, August 17th. Twelve equities research analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $67.62.

Occidental Petroleum Trading Up 0.7%

Shares of NYSE:OXY opened at $57.28 on Thursday. The company’s 50-day moving average price is $59.84 and its two-hundred day moving average price is $56.48. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.38 and a quick ratio of 1.13. Occidental Petroleum Corporation has a one year low of $38.80 and a one year high of $67.45. The stock has a market capitalization of $57.28 billion, a PE ratio of 10.02, a price-to-earnings-growth ratio of 0.66 and a beta of 0.16.

Occidental Petroleum (NYSE:OXY) last announced its quarterly earnings data on Monday, November 9th. The oil and gas producer reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.45. The company had revenue of $6.77 billion during the quarter, compared to analysts’ expectations of $6.82 billion. Occidental Petroleum had a return on equity of 18.55% and a net margin of 32.17%. Occidental Petroleum’s revenue for the quarter was up 20.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.64 EPS. On average, equities analysts forecast that Occidental Petroleum Corporation will post 6.83 EPS for the current fiscal year.

Occidental Petroleum Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 15th. Investors of record on Thursday, December 10th will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, December 10th. This represents a $1.12 annualized dividend and a yield of 2.0%. Occidental Petroleum’s dividend payout ratio is 17.34%.

Occidental Petroleum News Summary

Here’s some of the latest news about OXY:

• Positive Sentiment: Management’s debt plan is a key catalyst: Occidental says it reduced debt by $10.4 billion in 2026 and is targeting $6 billion. It also outlined $700–800 million in sustainable cash-flow improvement for 2027, potentially supporting stronger shareholder returns. Occidental Q3 earnings call centers on debt cuts and cash flow
• Positive Sentiment: Wells Fargo maintained an “overweight” rating, despite lowering its price target to $76 from $82—still implying substantial upside relative to the cited share price. Wells Fargo analyst recommendations
• Negative Sentiment: Weaker crude prices and ongoing oil-price risk could pressure cash flow, tempering the benefit of debt reduction and production performance. Occidental shares rise as debt milestone sharpens focus on oil-price risk

Occidental Petroleum Company Profile

Occidental Petroleum Corporation is an energy and chemicals company headquartered in Houston, Texas. Its oil and gas business explores for and produces crude oil, natural gas liquids and natural gas, with operations in the United States and international markets, including the Middle East and North Africa. Through its OxyChem business, Occidental manufactures and markets basic chemicals and vinyl products used in applications such as water treatment, construction and consumer goods. The company also develops carbon management and lower-carbon technology projects, including carbon capture and storage.