Belpointe Asset Management LLC Has $1.43 Million Stock Holdings in Occidental Petroleum Corporation $OXY

Belpointe Asset Management LLC increased its position in shares of Occidental Petroleum Corporation (NYSE:OXY) by 168.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 30,203 shares of the oil and gas producer’s stock after buying an additional 18,937 shares during the quarter. Belpointe Asset Management LLC’s holdings in Occidental Petroleum were worth $1,427,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in OXY. University of Texas Texas AM Investment Management Co. acquired a new position in shares of Occidental Petroleum during the second quarter worth approximately $27,000. City Holding Co. increased its stake in Occidental Petroleum by 250.0% during the 3rd quarter. City Holding Co. now owns 700 shares of the oil and gas producer’s stock valued at $33,000 after purchasing an additional 500 shares in the last quarter. GoalVest Advisory LLC acquired a new position in Occidental Petroleum during the third quarter worth $38,000. Hantz Financial Services Inc. lifted its stake in shares of Occidental Petroleum by 1,193.9% in the second quarter. Hantz Financial Services Inc. now owns 854 shares of the oil and gas producer’s stock valued at $36,000 after buying an additional 788 shares in the last quarter. Finally, MeadowBrook Investment Advisors LLC grew its holdings in shares of Occidental Petroleum by 371.7% during the second quarter. MeadowBrook Investment Advisors LLC now owns 1,000 shares of the oil and gas producer’s stock valued at $42,000 after buying an additional 788 shares during the last quarter. Institutional investors and hedge funds own 88.70% of the company’s stock.

Occidental Petroleum Stock Performance

Shares of OXY opened at $44.88 on Thursday. The stock has a 50 day moving average of $41.81 and a 200 day moving average of $43.32. The company has a market capitalization of $44.21 billion, a price-to-earnings ratio of 33.00 and a beta of 0.38. Occidental Petroleum Corporation has a 12 month low of $34.78 and a 12 month high of $52.58. The company has a current ratio of 0.94, a quick ratio of 0.71 and a debt-to-equity ratio of 0.73.

Occidental Petroleum (NYSE:OXY) last announced its quarterly earnings data on Monday, November 10th. The oil and gas producer reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.16. The firm had revenue of $6.62 billion during the quarter, compared to the consensus estimate of $6.66 billion. Occidental Petroleum had a return on equity of 12.35% and a net margin of 7.81%.The business’s revenue for the quarter was down 6.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.00 EPS. As a group, sell-side analysts forecast that Occidental Petroleum Corporation will post 3.58 earnings per share for the current year.

Occidental Petroleum Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 10th were given a $0.24 dividend. The ex-dividend date of this dividend was Wednesday, December 10th. This represents a $0.96 annualized dividend and a yield of 2.1%. Occidental Petroleum’s payout ratio is currently 70.59%.

Key Occidental Petroleum News

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

• Positive Sentiment: Piper Sandler raised its price target to $47 (from $46) and maintained a neutral rating — a modest upside to the stock’s current level that can provide short‑term support. Piper Sandler raises PT to $47 (Benzinga)
• Positive Sentiment: Coverage pieces highlighting Occidental’s strong five‑year return (cited ~129% gain) reinforce longer‑term investor confidence and may attract buyers focused on historic performance. Investors in Occidental Petroleum have seen strong returns (Yahoo)
• Neutral Sentiment: Heightened investor interest/search activity around OXY has been reported (more eyeballs can amplify volatility but is not a directional catalyst by itself). Investors Heavily Search Occidental Petroleum (Zacks)
• Negative Sentiment: Zacks Research downgraded OXY to a “Strong Sell” and lowered multiple quarterly and full‑year EPS estimates for 2026–2027 (several downward revisions across Q1–Q4 2026 and FY2026–FY2027). This is the primary near‑term negative catalyst and likely the main reason for selling pressure in parts of the session. Zacks downgrades to Strong Sell and trims EPS outlook (Zacks)
• Negative Sentiment: Susquehanna has lowered its expectations for OXY’s stock price, adding another analyst note that could weigh on sentiment and limit buying interest until clearer fundamentals or guidance emerge. Susquehanna lowers expectations for Occidental (AmericanBankingNews)

Insiders Place Their Bets

In related news, Director William R. Klesse bought 5,000 shares of Occidental Petroleum stock in a transaction dated Tuesday, December 16th. The stock was purchased at an average cost of $38.98 per share, with a total value of $194,900.00. Following the transaction, the director directly owned 218,913 shares of the company’s stock, valued at approximately $8,533,228.74. The trade was a 2.34% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.49% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Piper Sandler upped their target price on shares of Occidental Petroleum from $46.00 to $47.00 and gave the stock a “neutral” rating in a report on Wednesday. JPMorgan Chase & Co. lowered their price objective on Occidental Petroleum from $44.00 to $42.00 and set an “underweight” rating for the company in a research note on Tuesday, January 20th. Mizuho lifted their target price on Occidental Petroleum from $60.00 to $64.00 and gave the company an “outperform” rating in a research report on Tuesday, November 11th. Hsbc Global Res upgraded Occidental Petroleum from a “hold” rating to a “strong-buy” rating in a report on Friday, October 3rd. Finally, Zacks Research cut Occidental Petroleum from a “hold” rating to a “strong sell” rating in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eleven have assigned a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $47.43.

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.