Occidental Petroleum (NYSE:OXY) Shares Acquired Rep. Robert Bresnahan, Jr.

Posted by Defense World Staff on Jun 3rd, 2025

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently bought shares of Occidental Petroleum Co. (NYSE:OXY). In a filing disclosed on May 31st, the Representative disclosed that they had bought between $1,001 and $15,000 in Occidental Petroleum stock on May 15th. The trade occurred in the Representative’s “JP MORGAN BROKERAGE ACCOUNT” account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

Sold $1,001 – $15,000 in shares of Zimmer Biomet (NYSE:ZBH) on 5/15/2025.
Sold $15,001 – $50,000 in shares of Elevance Health (NYSE:ELV) on 5/15/2025.
Sold $15,001 – $50,000 in shares of PepsiCo (NASDAQ:PEP) on 5/15/2025.
Sold $1,001 – $15,000 in shares of WEC Energy Group (NYSE:WEC) on 5/15/2025.
Purchased $15,001 – $50,000 in shares of Advanced Micro Devices (NASDAQ:AMD) on 5/15/2025.
Purchased $1,001 – $15,000 in shares of Hershey (NYSE:HSY) on 5/15/2025.
Purchased $1,001 – $15,000 in shares of Kraft Heinz (NASDAQ:KHC) on 5/15/2025.
Sold $1,001 – $15,000 in shares of Exxon Mobil (NYSE:XOM) on 5/15/2025.
Sold $1,001 – $15,000 in shares of Danaher (NYSE:DHR) on 5/15/2025.
Sold $1,001 – $15,000 in shares of International Flavors & Fragrances (NYSE:IFF) on 5/15/2025.

Occidental Petroleum Stock Performance

Occidental Petroleum stock opened at $41.44 on Tuesday. Occidental Petroleum Co. has a fifty-two week low of $34.79 and a fifty-two week high of $64.76. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.76 and a current ratio of 0.95. The stock has a market cap of $40.78 billion, a P/E ratio of 16.98 and a beta of 0.81. The firm’s fifty day moving average price is $41.32 and its 200-day moving average price is $46.25.

Occidental Petroleum (NYSE:OXY – Get Free Report) last released its earnings results on Wednesday, May 7th. The oil and gas producer reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.13. Occidental Petroleum had a return on equity of 16.33% and a net margin of 11.37%. The business had revenue of $6.80 billion for the quarter, compared to analysts’ expectations of $6.97 billion. During the same quarter in the prior year, the firm earned $0.63 earnings per share. The firm’s revenue was up 13.9% on a year-over-year basis. On average, equities research analysts expect that Occidental Petroleum Co. will post 3.58 earnings per share for the current fiscal year.

Occidental Petroleum Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, June 10th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date of this dividend is Tuesday, June 10th. Occidental Petroleum’s payout ratio is 39.02%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of OXY. Altshuler Shaham Ltd bought a new stake in shares of Occidental Petroleum in the 4th quarter worth approximately $26,000. Whipplewood Advisors LLC bought a new stake in Occidental Petroleum in the fourth quarter valued at $27,000. VSM Wealth Advisory LLC purchased a new position in Occidental Petroleum during the 4th quarter valued at $27,000. Bernard Wealth Management Corp. bought a new position in Occidental Petroleum in the 4th quarter worth $32,000. Finally, Grove Bank & Trust lifted its position in shares of Occidental Petroleum by 129.2% in the 1st quarter. Grove Bank & Trust now owns 722 shares of the oil and gas producer’s stock worth $36,000 after purchasing an additional 407 shares during the period. Hedge funds and other institutional investors own 88.70% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. UBS Group decreased their price objective on Occidental Petroleum from $44.00 to $38.00 and set a “neutral” rating on the stock in a report on Wednesday, April 16th. JPMorgan Chase & Co. reduced their price target on shares of Occidental Petroleum from $52.00 to $47.00 and set a “neutral” rating on the stock in a research report on Friday, May 9th. Wells Fargo & Company decreased their price target on shares of Occidental Petroleum from $49.00 to $42.00 and set an “equal weight” rating on the stock in a research note on Monday, April 21st. Citigroup upped their price objective on shares of Occidental Petroleum from $42.00 to $44.00 and gave the company a “neutral” rating in a research note on Monday, May 19th. Finally, Piper Sandler reduced their target price on shares of Occidental Petroleum from $50.00 to $48.00 and set a “neutral” rating on the stock in a report on Tuesday, April 22nd. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $53.14.

Get Our Latest Stock Analysis on Occidental Petroleum

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania’s 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania’s 8th Congressional District. He declared candidacy for the 2026 election.

Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

Occidental Petroleum Company Profile

(Get Free Report)

Occidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in the United States, the Middle East, and North Africa. It operates through three segments: Oil and Gas, Chemical, and Midstream and Marketing. The company's Oil and Gas segment explores for, develops, and produces oil and condensate, natural gas liquids (NGLs), and natural gas.