Occidental Petroleum Corporation $OXY Stock Holdings Increased by National Pension Service

National Pension Service increased its holdings in Occidental Petroleum Corporation (NYSE:OXY) by 13.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,084,356 shares of the oil and gas producer’s stock after purchasing an additional 124,879 shares during the quarter. National Pension Service’s holdings in Occidental Petroleum were worth $44,589,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Inspire Trust Co. N.A. raised its holdings in shares of Occidental Petroleum by 20.2% in the 4th quarter. Inspire Trust Co. N.A. now owns 119,000 shares of the oil and gas producer’s stock worth $4,893,000 after purchasing an additional 20,000 shares in the last quarter. Womack Financial LLC increased its position in shares of Occidental Petroleum by 10.1% in the fourth quarter. Womack Financial LLC now owns 12,452 shares of the oil and gas producer’s stock worth $512,000 after acquiring an additional 1,145 shares in the last quarter. SBI Okasan Asset Management Co.Ltd. purchased a new position in shares of Occidental Petroleum in the fourth quarter worth approximately $263,000. Geode Capital Management LLC increased its position in shares of Occidental Petroleum by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 18,846,231 shares of the oil and gas producer’s stock worth $771,949,000 after acquiring an additional 167,518 shares in the last quarter. Finally, M3 Wealth Management LLC purchased a new position in shares of Occidental Petroleum in the fourth quarter worth approximately $324,000. 88.70% of the stock is currently owned by institutional investors.

Occidental Petroleum Stock Performance

Shares of OXY opened at $56.64 on Monday. The company’s 50 day moving average price is $58.89 and its 200 day moving average price is $50.03. Occidental Petroleum Corporation has a 52 week low of $38.80 and a 52 week high of $67.45. The company has a market capitalization of $56.34 billion, a PE ratio of 14.27 and a beta of 0.14. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.01 and a current ratio of 1.21.

Occidental Petroleum (NYSE:OXY) last announced its quarterly earnings data on Tuesday, May 5th. The oil and gas producer reported $1.06 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.46. Occidental Petroleum had a net margin of 19.98% and a return on equity of 9.65%. The firm had revenue of $5.11 billion for the quarter, compared to the consensus estimate of $5.44 billion. During the same period in the previous year, the firm posted $0.14 earnings per share. The firm’s revenue was down 8.3% on a year-over-year basis. Research analysts expect that Occidental Petroleum Corporation will post 5.5 EPS for the current fiscal year.

Occidental Petroleum Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, June 10th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $1.04 dividend on an annualized basis and a yield of 1.8%. Occidental Petroleum’s payout ratio is presently 26.20%.

Analyst Ratings Changes

Several research analysts have recently weighed in on OXY shares. Wells Fargo & Company lifted their target price on shares of Occidental Petroleum from $69.00 to $72.00 and gave the stock an “overweight” rating in a research report on Thursday, April 9th. Susquehanna lifted their target price on shares of Occidental Petroleum from $60.00 to $67.00 and gave the stock a “positive” rating in a research report on Tuesday, April 21st. Citigroup dropped their target price on shares of Occidental Petroleum from $67.00 to $62.00 and set a “neutral” rating on the stock in a research report on Friday, April 17th. JPMorgan Chase & Co. dropped their target price on shares of Occidental Petroleum from $64.00 to $63.00 in a research report on Thursday, May 7th. Finally, Stephens lifted their target price on shares of Occidental Petroleum from $59.00 to $74.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 31st. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $63.74.

Occidental Petroleum News Roundup

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

• Positive Sentiment: Barclays upgraded Occidental Petroleum (OXY), and Capital One Financial raised its price target to $70 from $67, signaling improved Wall Street sentiment and suggesting meaningful upside from recent trading levels. MarketScreener
• Positive Sentiment: Several articles highlight a potentially higher-upside growth path for OXY, including its long-term bet with ExxonMobil and a focus on oil, LNG, and low-carbon initiatives that could improve earnings power over time. Article
• Positive Sentiment: Analyst-focused coverage comparing OXY with TotalEnergies points to Occidental’s earnings revisions, ROE, debt profile, and dividend setup as key factors supporting the investment case. Article
• Neutral Sentiment: Broader market commentary notes that analysts are revising 2026 S&P 500 profit estimates higher for some companies, but the impact on OXY is indirect and not clearly company-specific. Article
• Negative Sentiment: Energy stocks were also under pressure in broader trading, which can drag on Occidental Petroleum even when company-specific news is constructive. Article

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.