Occidental Petroleum Corporation $OXY Shares Acquired by Net Worth Advisory Group

Net Worth Advisory Group increased its holdings in shares of Occidental Petroleum Corporation (NYSE:OXY) by 65.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 19,645 shares of the oil and gas producer’s stock after buying an additional 7,766 shares during the period. Net Worth Advisory Group’s holdings in Occidental Petroleum were worth $808,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of OXY. 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 worth $735,000 after purchasing an additional 229 shares during the period. Inscription Capital LLC grew its holdings in 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 period. Cigna Investments Inc. New increased its position in shares of Occidental Petroleum by 4.3% in the third quarter. Cigna Investments Inc. New now owns 6,809 shares of the oil and gas producer’s stock valued at $321,000 after buying an additional 280 shares in the last quarter. Greenleaf Trust raised its stake in shares of 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 buying an additional 296 shares during the period. Finally, Northwestern Mutual Investment Management Company LLC raised its stake in shares of Occidental Petroleum by 1.3% during the 3rd quarter. Northwestern Mutual Investment Management Company LLC now owns 22,904 shares of the oil and gas producer’s stock worth $1,082,000 after buying an additional 299 shares during the period. Hedge funds and other institutional investors own 88.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on OXY. Zacks Research raised shares of Occidental Petroleum from a “strong sell” rating to a “hold” rating in a research note on Monday, March 2nd. TD Cowen upped their price objective on shares of Occidental Petroleum from $48.00 to $54.00 and gave the stock a “hold” rating in a research report on Monday, February 23rd. Jefferies Financial Group lifted their target price on shares of Occidental Petroleum from $42.00 to $47.00 and gave the company a “hold” rating in a research report on Monday, February 23rd. Mizuho upped 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. Finally, Wolfe Research decreased their price target on shares of Occidental Petroleum from $55.00 to $54.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 21st. Nine 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 company’s stock. According to data from MarketBeat.com, Occidental Petroleum presently has an average rating of “Hold” and an average price target of $55.59.

More Occidental Petroleum News

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

• Positive Sentiment: Management and strategic shift: OXY announced a planned CEO transition (Vicki Hollub to retire, COO Richard Jackson to succeed) alongside completion of the roughly $9.7B sale of OxyChem — proceeds earmarked to pay down debt and refocus capital on core oil & gas, a clear catalyst for investor enthusiasm. Occidental Petroleum (OXY) Is Up 8.0% After CEO Transition And OxyChem Sale Announcement – Has The Bull Case Changed?
• Positive Sentiment: Momentum reaction: the leadership news sent OXY to a fresh 52-week high as traders bought the governance clarity and balance-sheet improvement narrative. Occidental Petroleum (OXY) Soars to 52-Week High on Leadership Transition
• Positive Sentiment: Big-bank view: J.P. Morgan moved OXY to a Hold, a modest upgrade that reduces near-term analyst uncertainty and supports the stock rebound by signaling less downside from here. J.P. Morgan upgrades Occidental Petroleum (OXY) to a Hold
• Positive Sentiment: Technical/momentum interest: several market pieces highlight OXY as a strong momentum name after a sharp YTD rally, attracting trend-following flows. Here’s Why Occidental Petroleum (OXY) is a Strong Momentum Stock
• Neutral Sentiment: Analyst/coverage noise: TD Cowen’s Hold and new coverage from Truist are adding research flow but no clear consensus upgrade-to-buy signal yet — keeps volatility possible as investors parse differing views. Occidental Petroleum (OXY) Receives a Hold from TD Cowen
• Neutral Sentiment: Context on gains: analysts and outlets note OXY is up roughly ~58% YTD — raises valuation/mean-reversion questions even as momentum persists. Up 58% in 2026, Is It Too Late to Buy Occidental Petroleum?
• Negative Sentiment: Legacy performance critique: some coverage highlights that Hollub’s tenure “hasn’t been good for investors,” reminding market participants that governance change alone doesn’t erase past capital allocation concerns; risk remains if new leadership doesn’t improve returns. Hollub’s Tenure as Occidental CEO May Be Ending. It Hasn’t Been Good for Investors.

Occidental Petroleum Trading Up 1.5%

Shares of OXY stock opened at $65.32 on Friday. The stock’s fifty day moving average is $51.14 and its two-hundred day moving average is $45.60. 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 firm has a market capitalization of $64.77 billion, a P/E ratio of 40.57 and a beta of 0.34. Occidental Petroleum Corporation has a fifty-two week low of $34.78 and a fifty-two week high of $66.00.

Occidental Petroleum (NYSE:OXY) last released its earnings results on Wednesday, February 18th. The oil and gas producer reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.13. The business had revenue of $5.11 billion during the quarter, compared to analyst estimates of $6.02 billion. Occidental Petroleum had a net margin of 9.14% and a return on equity of 9.89%. The company’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.80 earnings per share. Research analysts expect that Occidental Petroleum Corporation will post 3.58 earnings per share for the current fiscal year.

Occidental Petroleum Increases Dividend

The business also recently announced 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. The ex-dividend date is Tuesday, March 10th. This represents a $1.04 annualized dividend and a dividend yield of 1.6%. This is an increase from Occidental Petroleum’s previous quarterly dividend of $0.24. Occidental Petroleum’s payout ratio is presently 64.60%.

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.