Occidental Petroleum Corporation $OXY Stake Lessened by Korea Investment CORP

Korea Investment CORP decreased its holdings in shares of Occidental Petroleum Corporation (NYSE:OXY) by 17.3% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 135,823 shares of the oil and gas producer’s stock after selling 28,480 shares during the quarter. Korea Investment CORP’s holdings in Occidental Petroleum were worth $6,418,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of OXY. First Trust Advisors LP increased its holdings in shares of Occidental Petroleum by 0.7% in the 3rd quarter. First Trust Advisors LP now owns 1,111,281 shares of the oil and gas producer’s stock valued at $52,508,000 after purchasing an additional 8,168 shares during the period. Modern Wealth Management LLC grew its position in Occidental Petroleum by 216.4% during the third quarter. Modern Wealth Management LLC now owns 23,278 shares of the oil and gas producer’s stock valued at $1,100,000 after purchasing an additional 15,922 shares in the last quarter. Integrity Advisory Solutions LLC purchased a new position in Occidental Petroleum during the third quarter valued at approximately $258,000. Islay Capital Management LLC increased its stake in Occidental Petroleum by 2.3% in the 3rd quarter. Islay Capital Management LLC now owns 53,543 shares of the oil and gas producer’s stock valued at $2,530,000 after buying an additional 1,185 shares during the period. Finally, Orion Porfolio Solutions LLC lifted its position in Occidental Petroleum by 2.7% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 31,376 shares of the oil and gas producer’s stock worth $1,483,000 after buying an additional 837 shares in the last quarter. 88.70% of the stock is owned by institutional investors and hedge funds.

Occidental Petroleum Stock Performance

OXY opened at $58.47 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.74 and a current ratio of 0.94. The company has a market cap of $57.67 billion, a PE ratio of 36.32 and a beta of 0.34. The stock has a 50-day moving average of $47.22 and a 200-day moving average of $44.55. Occidental Petroleum Corporation has a 52-week low of $34.78 and a 52-week high of $59.15.

Occidental Petroleum (NYSE:OXY) last issued its quarterly earnings data on Wednesday, February 18th. The oil and gas producer reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.13. The business had revenue of $5.11 billion for the quarter, compared to the consensus estimate of $6.02 billion. Occidental Petroleum had a return on equity of 9.89% and a net margin of 9.14%.The firm’s revenue was down 5.2% compared to the same quarter last year. During the same period last year, the business earned $0.80 EPS. As a group, equities research analysts forecast that Occidental Petroleum Corporation will post 3.58 earnings per share for the current fiscal year.

Occidental Petroleum Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 10th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $1.04 annualized dividend and a dividend yield of 1.8%. This is an increase from Occidental Petroleum’s previous quarterly dividend of $0.24. Occidental Petroleum’s payout ratio is currently 64.60%.

More Occidental Petroleum News

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

• Positive Sentiment: Supply-risk rally — Multiple reports say OXY moved up after tanker explosions and comments suggesting the Strait of Hormuz could be closed, driving near-term oil-supply fears that boost producers’ near-term outlook. Occidental Petroleum Stock Surges Thursday: What’s Driving The Action?
• Positive Sentiment: Geopolitical headlines and rhetoric — Coverage highlights Iran’s new Supreme Leader and hardline comments that have amplified supply-risk pricing in oil markets, supporting energy names including OXY. Why Occidental Petroleum Rallied Today
• Positive Sentiment: Macro/futures support — Long-dated oil futures rose, and Barron’s notes energy stocks are finally catching up with crude moves, helping lift OXY alongside peers. Energy Stocks Like Occidental Have Lagged Oil Price Hikes. Why They’re Catching Up.
• Positive Sentiment: Analyst upgrade — Piper Sandler upgraded OXY to “overweight” and raised its price target to $66, giving another near-term buy-side catalyst. Piper Sandler Upgrades Occidental Petroleum (OXY) to Overweight
• Neutral Sentiment: Technical milestone — OXY hit a 52-week high intraday, which can attract momentum flows but doesn’t change fundamentals on its own. Occidental Petroleum stock hits 52-week high
• Neutral Sentiment: Street estimates and targets evolving — Coverage notes price-target clustering in the mid-to-high $50s and some bullish forecasts (e.g., $69 this year), reflecting shifting oil assumptions and guidance. Occidental Price Prediction: Wall Street Thinks OXY Goes to $69 This Year
• Neutral Sentiment: Corporate finance item to monitor — Coverage flags Occidental’s recent $1.20B debt tender and covenant changes; investors should watch details and capital-allocation commentary for balance-sheet implications. Should Occidental’s US$1.20 Billion Debt Tender and Covenant Changes Require Action From OXY Investors?
• Negative Sentiment: Conflicting analyst view — Goldman Sachs raised its price target to $54 but kept a “sell” rating, implying downside versus current levels and highlighting divergent Street views. Occidental Petroleum Given New $54.00 Price Target at The Goldman Sachs Group
• Negative Sentiment: Profit-taking/valuation concerns — Some analysts argue the oil rally has priced in easy gains for OXY and that incremental upside may be limited from here. Occidental Petroleum: Oil Rally Overly Done – Easy Gains Behind Us
• Negative Sentiment: Policy risk — President Trump’s comment about tapping the Strategic Petroleum Reserve could ease prices if implemented, which would cap upside for producers including OXY. Iran war: Trump says he’ll tap Strategic Petroleum Reserve to cut energy costs

Analysts Set New Price Targets

Several research firms have recently commented on OXY. Piper Sandler upgraded shares of Occidental Petroleum from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $54.00 to $66.00 in a report on Thursday. Scotiabank reduced their price objective on Occidental Petroleum from $47.00 to $46.00 and set a “sector perform” rating for the company in a research report on Friday, January 16th. Roth Mkm boosted their target price on Occidental Petroleum from $39.00 to $45.00 and gave the company a “neutral” rating in a research note on Friday, February 20th. Argus raised Occidental Petroleum to a “hold” rating in a research report on Friday, February 27th. Finally, Morgan Stanley reduced their price target on Occidental Petroleum from $51.00 to $50.00 and set an “overweight” rating for the company in a report on Friday, January 23rd. Nine analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $53.48.

Insider Transactions at Occidental Petroleum

In other news, Director William R. Klesse bought 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 16th. The shares were purchased at an average price of $38.98 per share, for a total transaction of $194,900.00. Following the acquisition, the director directly owned 218,913 shares of the company’s stock, valued at $8,533,228.74. The trade was a 2.34% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.31% of the company’s stock.

Occidental Petroleum Company 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.