97,931 Occidental Petroleum Corporation $OXY Shares Sold by Hosking Partners LLP

Hosking Partners LLP reduced its stake in shares of Occidental Petroleum Corporation (NYSE:OXY) by 27.2% during the 3rd quarter, Holdings Channel.com reports. The fund owned 262,066 shares of the oil and gas producer’s stock after selling 97,931 shares during the quarter. Hosking Partners LLP’s holdings in Occidental Petroleum were worth $14,497,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Berkshire Hathaway Inc acquired a new position in Occidental Petroleum in the second quarter valued at $12,868,205,000. State Street Corp grew its holdings in shares of Occidental Petroleum by 6.6% during the second quarter. State Street Corp now owns 46,141,269 shares of the oil and gas producer’s stock worth $2,252,271,000 after purchasing an additional 2,870,472 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Occidental Petroleum by 84.8% during the second quarter. Bank of New York Mellon Corp now owns 10,643,916 shares of the oil and gas producer’s stock worth $516,975,000 after purchasing an additional 4,882,834 shares during the last quarter. Danske Bank A S acquired a new stake in shares of Occidental Petroleum during the second quarter worth about $172,413,000. Finally, Legal & General Group Plc acquired a new stake in shares of Occidental Petroleum during the second quarter worth about $168,860,000. 88.70% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Occidental Petroleum

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

• Positive Sentiment: Analyst upgrades and higher price targets support the stock. Roth Capital upgraded OXY to “Buy” with a $70 target, while Susquehanna raised its target from $70 to $77 and maintained a positive rating. Stephens also forecast strong potential appreciation. These actions signal improving Wall Street confidence in Occidental’s earnings and valuation. Roth Capital upgrades Occidental Petroleum stock Stephens forecasts strong price appreciation
• Positive Sentiment: Improving crude prices could lift cash flow. A climb in crude prices is helping stabilize the outlook for Occidental’s oil-and-gas operations as investors approach earnings. Higher realized prices generally support production revenue, margins and debt reduction. Climbing crude and Occidental earnings week
• Positive Sentiment: Estimate revisions and momentum screens are favorable. OXY was included among S&P 500 companies seeing notable earnings-estimate increases, while Zacks highlighted its momentum characteristics and growing investor interest. The company’s previous quarter also featured substantially higher revenue and an EPS beat, providing a favorable comparison heading into the next report.
• Neutral Sentiment: Earnings are the next major catalyst. Multiple reports emphasize that OXY is in earnings week. Investors will focus on production, realized oil prices, free cash flow, debt repayment and management’s outlook; strong results could validate the higher targets, while a cautious forecast could limit gains.
• Negative Sentiment: Commodity-price and execution risks remain. The bullish case depends heavily on sustained crude strength. Any reversal in oil prices, weaker production, or disappointing guidance could pressure earnings and offset the recent analyst optimism.

Occidental Petroleum Price Performance

Shares of NYSE:OXY opened at $62.71 on Thursday. The company has a 50-day simple moving average of $59.65 and a 200-day simple moving average of $57.21. Occidental Petroleum Corporation has a one year low of $38.80 and a one year high of $67.45. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.13 and a current ratio of 1.41. The stock has a market capitalization of $62.69 billion, a price-to-earnings ratio of 14.27, a PEG ratio of 0.94 and a beta of 0.24.

Occidental Petroleum (NYSE:OXY) last announced its earnings results on Wednesday, August 5th. The oil and gas producer reported $2.40 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.57. Occidental Petroleum had a net margin of 28.36% and a return on equity of 15.31%. The business had revenue of $8.06 billion during the quarter, compared to the consensus estimate of $7.07 billion. During the same quarter in the prior year, the firm earned $0.39 earnings per share. The business’s quarterly revenue was up 53.4% compared to the same quarter last year. On average, analysts predict that Occidental Petroleum Corporation will post 6.43 EPS for the current year.

Occidental Petroleum Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Thursday, September 10th were given a $0.28 dividend. This is a boost from Occidental Petroleum’s previous quarterly dividend of $0.26. The ex-dividend date was Thursday, September 10th. This represents a $1.12 annualized dividend and a yield of 1.8%. Occidental Petroleum’s payout ratio is presently 17.34%.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Weiss Ratings raised Occidental Petroleum from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, October 13th. Stifel Nicolaus started coverage on Occidental Petroleum in a research note on Thursday, September 10th. They set a “hold” rating and a $68.00 price target on the stock. Barclays dropped their price target on Occidental Petroleum from $75.00 to $71.00 and set an “overweight” rating on the stock in a research note on Monday, August 17th. Seaport Research Partners initiated coverage on Occidental Petroleum in a research report on Thursday, September 3rd. They set a “buy” rating and a $73.00 price target on the stock. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $68.00 price objective on shares of Occidental Petroleum in a research note on Wednesday, October 14th. Thirteen research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $67.46.

Occidental Petroleum Company Profile

Occidental Petroleum Corporation is an energy company engaged in oil and natural gas exploration, development and production. Its operations are focused primarily on the United States, including the Permian and DJ basins, as well as selected international regions in the Middle East and North Africa.

The company’s OxyChem subsidiary manufactures and markets chlor-alkali chemicals, vinyls and other chemical products used in water treatment, construction, healthcare, packaging and industrial applications.