Gotham Asset Management LLC Grows Holdings in Occidental Petroleum Corporation $OXY

Gotham Asset Management LLC grew its stake in shares of Occidental Petroleum Corporation (NYSE:OXY) by 8.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 789,051 shares of the oil and gas producer’s stock after buying an additional 59,965 shares during the quarter. Gotham Asset Management LLC owned 0.08% of Occidental Petroleum worth $37,283,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in OXY. DNB Asset Management AS increased its stake in Occidental Petroleum by 100.3% in the third quarter. DNB Asset Management AS now owns 267,807 shares of the oil and gas producer’s stock valued at $12,654,000 after acquiring an additional 134,128 shares during the last quarter. Swedbank AB bought a new stake in Occidental Petroleum during the third quarter worth about $35,517,000. Gifford Fong Associates boosted its holdings in shares of Occidental Petroleum by 41.2% in the 3rd quarter. Gifford Fong Associates now owns 171,429 shares of the oil and gas producer’s stock worth $8,100,000 after purchasing an additional 50,000 shares in the last quarter. Rakuten Investment Management Inc. bought a new position in shares of Occidental Petroleum during the 3rd quarter valued at about $1,072,000. Finally, swisspartners Advisors Ltd increased its position in shares of Occidental Petroleum by 19.6% during the 3rd quarter. swisspartners Advisors Ltd now owns 157,070 shares of the oil and gas producer’s stock valued at $7,441,000 after purchasing an additional 25,710 shares during the last quarter. 88.70% of the stock is owned by institutional investors.

Occidental Petroleum Price Performance

OXY opened at $57.91 on Monday. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.94 and a quick ratio of 0.74. The stock’s 50 day simple moving average is $47.53 and its 200 day simple moving average is $44.61. The firm has a market cap of $57.11 billion, a price-to-earnings ratio of 35.97 and a beta of 0.34. Occidental Petroleum Corporation has a 1 year low of $34.78 and a 1 year high of $59.15.

Occidental Petroleum (NYSE:OXY) last announced its quarterly earnings data on Wednesday, February 18th. The oil and gas producer reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.13. The firm had revenue of $5.11 billion during 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 business’s revenue was down 5.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.80 earnings per share. As a group, analysts predict that Occidental Petroleum Corporation will post 3.58 earnings per share for the current year.

Occidental Petroleum Increases Dividend

The company also recently declared 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 is Tuesday, March 10th. This represents a $1.04 dividend on an annualized basis and a yield of 1.8%. This is an increase from Occidental Petroleum’s previous quarterly dividend of $0.24. Occidental Petroleum’s dividend payout ratio (DPR) is currently 64.60%.

Occidental Petroleum News Roundup

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

• Positive Sentiment: Piper Sandler upgraded OXY to Overweight and raised its price target to $66, signaling stronger analyst conviction and providing tangible upside from current levels. Positive Report for Occidental Petroleum (OXY) from Piper Sandler
• Positive Sentiment: Coverage and headlines explain a roughly 40% move in OXY YTD — driven by oil‑price strength, Permian operational outperformance and visible debt reduction — reinforcing the narrative that fundamentals, not just momentum, are supporting the rally. What’s Behind The 40% Rise In OXY Stock?
• Positive Sentiment: Zacks notes OXY outperformed the energy group (≈+27% in a month) and cites rising oil, Permian strength and debt paydown as drivers — a bullish confirmation for investors focused on fundamentals and cash‑flow improvement. OXY Outperforms Industry in Past Month: Buy, Hold or Sell the Stock?
• Positive Sentiment: Intraday price jumps and above‑average volume coincided with upward earnings‑estimate revisions, suggesting analysts are beginning to bake in more upside for OXY. Occidental (OXY) Soars 5.1%: Is Further Upside Left in the Stock?
• Positive Sentiment: Broker activity also includes a Wells Fargo upgrade on the company’s equity warrant vehicle (OXY.WS), a signal that some desks see additional value in Occidental‑linked securities. Wells Fargo upgrades Occidental Petroleum Corporation – Equity Warrant (OXY.WS)
• Neutral Sentiment: Sector momentum from rising oil and Middle East supply‑concern headlines (tanker attacks, Strait of Hormuz rhetoric) is lifting energy peers broadly, which benefits OXY but also adds geopolitical volatility risk. Occidental Petroleum Stock Surges Thursday: What’s Driving The Action?
• Neutral Sentiment: Goldman assigned a $54 price target (and other outlets list varying targets), showing analyst views still diverge on fair value — useful context for investors deciding entry points or profit‑taking. Occidental Petroleum (NYSE:OXY) Given New $54.00 Price Target at The Goldman Sachs Group
• Neutral Sentiment: Occidental disclosed a $1.20B debt tender and covenant changes; this touches capital structure and may reduce near‑term leverage risks but invites scrutiny over terms and longer‑run funding flexibility. Should Occidental’s US$1.20 Billion Debt Tender and Covenant Changes Require Action From OXY Investors?
• Negative Sentiment: Some analysts and commentaries warn the oil‑led rally may be overextended and that easy gains could be behind the stock, implying higher near‑term downside risk if oil or macro sentiment reverses. Occidental Petroleum: Oil Rally Overly Done – Easy Gains Behind Us

Analyst Ratings Changes

A number of analysts recently weighed in on the company. The Goldman Sachs Group boosted their target price on Occidental Petroleum from $41.00 to $54.00 and gave the stock a “sell” rating in a research report on Wednesday, March 11th. Weiss Ratings upgraded shares of Occidental Petroleum from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, March 9th. Bank of America lifted their price target on shares of Occidental Petroleum from $44.00 to $45.00 in a research note on Tuesday, January 27th. Zacks Research raised shares of Occidental Petroleum from a “strong sell” rating to a “hold” rating in a research note on Monday, March 2nd. Finally, TD Cowen increased their target price on shares of Occidental Petroleum from $48.00 to $54.00 and gave the company a “hold” rating in a report on Monday, February 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, Occidental Petroleum has a consensus rating of “Hold” and a consensus target price of $53.48.

Insiders Place Their Bets

In other news, Director William R. Klesse purchased 5,000 shares of the company’s stock in a transaction on Tuesday, December 16th. The stock was acquired at an average price of $38.98 per share, with a total value of $194,900.00. Following the transaction, the director directly 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.49% of the stock is owned by insiders.

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.