Wedge Capital Management L L P NC Sells 60,819 Shares of Occidental Petroleum Corporation $OXY

Wedge Capital Management L L P NC lessened its stake in Occidental Petroleum Corporation (NYSE:OXY) by 19.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 249,715 shares of the oil and gas producer’s stock after selling 60,819 shares during the period. Wedge Capital Management L L P NC’s holdings in Occidental Petroleum were worth $10,268,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in Occidental Petroleum by 0.8% during the third quarter. Vanguard Group Inc. now owns 89,201,540 shares of the oil and gas producer’s stock valued at $4,214,773,000 after purchasing an additional 697,521 shares in the last quarter. State Street Corp boosted its holdings in shares of Occidental Petroleum by 1.6% in the 2nd quarter. State Street Corp now owns 39,044,478 shares of the oil and gas producer’s stock worth $1,649,147,000 after purchasing an additional 615,566 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Occidental Petroleum by 11.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 8,718,939 shares of the oil and gas producer’s stock valued at $412,045,000 after purchasing an additional 900,677 shares during the last quarter. Fairfax Financial Holdings Ltd. Can increased its position in shares of Occidental Petroleum by 0.5% during the 2nd quarter. Fairfax Financial Holdings Ltd. Can now owns 6,050,418 shares of the oil and gas producer’s stock valued at $254,118,000 after purchasing an additional 30,000 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Occidental Petroleum by 0.4% during the 3rd quarter. Invesco Ltd. now owns 5,658,899 shares of the oil and gas producer’s stock valued at $267,383,000 after buying an additional 24,755 shares in the last quarter. Hedge funds and other institutional investors own 88.70% of the company’s stock.

Occidental Petroleum Stock Performance

Shares of OXY stock opened at $65.32 on Friday. The company 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. 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 stock has a 50 day moving average price of $51.14 and a two-hundred day moving average price of $45.60.

Occidental Petroleum (NYSE:OXY) last issued its earnings results on Wednesday, February 18th. The oil and gas producer reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.13. Occidental Petroleum had a net margin of 9.14% and a return on equity of 9.89%. The firm had revenue of $5.11 billion for the quarter, compared to analysts’ expectations of $6.02 billion. During the same quarter last year, the business earned $0.80 earnings per share. The business’s revenue was down 5.2% on a year-over-year basis. Analysts expect 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. Shareholders of record on Tuesday, March 10th will be issued a $0.26 dividend. This is a boost from Occidental Petroleum’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $1.04 dividend on an annualized basis and a yield of 1.6%. Occidental Petroleum’s payout ratio is 64.60%.

Occidental Petroleum News Roundup

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.

Wall Street Analyst Weigh In

OXY has been the subject of several research reports. Zacks Research raised Occidental Petroleum from a “strong sell” rating to a “hold” rating in a research note on Monday, March 2nd. The Goldman Sachs Group lifted their price target on shares of Occidental Petroleum from $41.00 to $54.00 and gave the stock a “sell” rating in a research note on Wednesday, March 11th. JPMorgan Chase & Co. upgraded shares of Occidental Petroleum from an “underweight” rating to a “neutral” rating and set a $63.00 price objective for the company in a report on Friday, March 20th. Mizuho upped their price objective on shares of Occidental Petroleum from $67.00 to $72.00 and gave the company an “outperform” rating in a research note on Tuesday, March 17th. Finally, Bank of America increased their target price on shares of Occidental Petroleum from $44.00 to $45.00 in a report on Tuesday, January 27th. Nine investment 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, the company has an average rating of “Hold” and a consensus target price of $55.59.

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.