Nordea Investment Management AB Buys 21,890 Shares of Occidental Petroleum Corporation $OXY

Nordea Investment Management AB raised its stake in Occidental Petroleum Corporation (NYSE:OXY) by 4.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 521,364 shares of the oil and gas producer’s stock after acquiring an additional 21,890 shares during the quarter. Nordea Investment Management AB owned approximately 0.05% of Occidental Petroleum worth $21,433,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Woodline Partners LP lifted its stake in Occidental Petroleum by 40.7% in the first quarter. Woodline Partners LP now owns 57,079 shares of the oil and gas producer’s stock valued at $2,817,000 after purchasing an additional 16,506 shares during the last quarter. Magnetar Financial LLC purchased a new stake in Occidental Petroleum in the second quarter worth $441,000. Journey Strategic Wealth LLC raised its stake in shares of Occidental Petroleum by 9.0% in the second quarter. Journey Strategic Wealth LLC now owns 5,594 shares of the oil and gas producer’s stock valued at $235,000 after buying an additional 464 shares during the period. Rhumbline Advisers lifted its position in shares of Occidental Petroleum by 3.5% during the 2nd quarter. Rhumbline Advisers now owns 1,244,517 shares of the oil and gas producer’s stock valued at $52,282,000 after buying an additional 42,447 shares during the last quarter. Finally, American Century Companies Inc. grew its stake in shares of Occidental Petroleum by 22.3% during the 2nd quarter. American Century Companies Inc. now owns 3,552,655 shares of the oil and gas producer’s stock worth $149,247,000 after acquiring an additional 647,243 shares during the period. 88.70% of the stock is owned by institutional investors.

Occidental Petroleum Stock Up 1.4%

OXY stock opened at $61.18 on Wednesday. The stock has a 50-day simple moving average of $49.92 and a two-hundred day simple moving average of $45.21. Occidental Petroleum Corporation has a twelve month low of $34.78 and a twelve month high of $62.11. The firm has a market capitalization of $60.67 billion, a PE ratio of 38.00 and a beta of 0.34. The company has a quick ratio of 0.74, a current ratio of 0.94 and a debt-to-equity ratio of 0.73.

Occidental Petroleum (NYSE:OXY) last announced its quarterly 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 firm had revenue of $5.11 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the prior year, the firm posted $0.80 earnings per share. On average, equities analysts predict that Occidental Petroleum Corporation will post 3.58 EPS for the current fiscal year.

Occidental Petroleum Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 10th will be paid a $0.26 dividend. The ex-dividend date is Tuesday, March 10th. This represents a $1.04 dividend on an annualized basis and a yield of 1.7%. This is an increase from Occidental Petroleum’s previous quarterly dividend of $0.24. Occidental Petroleum’s dividend payout ratio is currently 64.60%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Wolfe Research lowered their price objective on Occidental Petroleum from $55.00 to $54.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 21st. 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. JPMorgan Chase & Co. raised shares of Occidental Petroleum from an “underweight” rating to a “neutral” rating and set a $63.00 price target on the stock in a research report on Friday, March 20th. Truist Financial started coverage on shares of Occidental Petroleum in a research note on Tuesday. They set a “hold” rating and a $65.00 price target on the stock. Finally, Susquehanna raised their price objective on shares of Occidental Petroleum from $51.00 to $60.00 and gave the stock a “positive” rating in a report on Friday, February 20th. Nine investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $55.59.

Key Headlines Impacting Occidental Petroleum

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

• Positive Sentiment: Analyst / comparison pieces argue OXY stands to benefit more than some Permian peers from oil-price spikes due to limited hedging (boosting near-term cash flow) and stronger earnings revisions — a structural reason for relative outperformance. DVN vs. OXY: Which Permian Stock Benefits More From Oil Price Spikes?
• Positive Sentiment: JPMorgan/other broker activity: recent upgrade/newsflow (reported 3/23) and coverage comparisons have supported investor interest and momentum in OXY. Occidental Petroleum Upgraded at JPMorgan Chase & Co.
• Positive Sentiment: Macro headlines (reported pre-market) — constructive U.S.-Iran diplomatic comments — lifted crude futures and oil-linked names, providing a tailwind to OXY shares. Pre-Market Turns Green
• Positive Sentiment: Market commentary and screens are including OXY among oil stocks with outsized upside potential amid the recent crude rally, which can attract momentum and thematic inflows. 3 Oil Stocks Set to Deliver 50%+ Returns in 2026
• Neutral Sentiment: Truist initiated coverage with a “Hold” and $65 price target (modest upside vs. the current level) — a neutral signal that may cap short-term upside until clearer catalysts emerge. Benzinga Coverage Note
• Neutral Sentiment: Several articles ask whether the recent run makes OXY fully valued now; these pieces can temper new-money flows even as momentum remains. Is It Too Late To Consider Occidental Petroleum?
• Negative Sentiment: Company fundamentals to watch: last reported quarter beat EPS but missed revenue and year-over-year revenue was down; those execution/volume signals could restrain valuation if higher oil prices don’t translate into sustainable top-line growth. (Quarterly details reported Feb 18.)

About Occidental Petroleum

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.