Cim Investment Management Inc. Sells 11,858 Shares of Occidental Petroleum Corporation $OXY

Cim Investment Management Inc. cut its stake in Occidental Petroleum Corporation (NYSE:OXY) by 50.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,586 shares of the oil and gas producer’s stock after selling 11,858 shares during the period. Cim Investment Management Inc.’s holdings in Occidental Petroleum were worth $547,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of OXY. Vanguard Group Inc. lifted its holdings in shares of Occidental Petroleum by 0.8% in the third quarter. Vanguard Group Inc. now owns 89,201,540 shares of the oil and gas producer’s stock valued at $4,214,773,000 after purchasing an additional 697,521 shares in the last quarter. State Street Corp grew its holdings in shares of Occidental Petroleum by 1.6% during the second quarter. State Street Corp now owns 39,044,478 shares of the oil and gas producer’s stock worth $1,649,147,000 after buying an additional 615,566 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Occidental Petroleum by 11.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 8,718,939 shares of the oil and gas producer’s stock valued at $412,045,000 after buying an additional 900,677 shares during the last quarter. Fairfax Financial Holdings Ltd. Can raised its position in Occidental Petroleum by 0.5% in the 2nd quarter. Fairfax Financial Holdings Ltd. Can now owns 6,050,418 shares of the oil and gas producer’s stock valued at $254,118,000 after buying an additional 30,000 shares during the last quarter. Finally, Invesco Ltd. boosted its position in Occidental Petroleum by 0.4% during the 3rd quarter. Invesco Ltd. now owns 5,658,899 shares of the oil and gas producer’s stock worth $267,383,000 after acquiring an additional 24,755 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 $57.68 on Wednesday. The firm has a 50-day moving average of $48.17 and a 200-day moving average of $44.74. Occidental Petroleum Corporation has a one year low of $34.78 and a one year high of $59.15. The company has a market cap of $56.88 billion, a PE ratio of 35.82 and a beta of 0.34. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.94 and a quick ratio of 0.74.

Occidental Petroleum (NYSE:OXY) last released its quarterly earnings data on Wednesday, February 18th. The oil and gas producer reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.13. The company had revenue of $5.11 billion for the quarter, compared to analyst estimates of $6.02 billion. Occidental Petroleum had a net margin of 9.14% and a return on equity of 9.89%. Occidental Petroleum’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.80 EPS. As a group, equities analysts forecast that Occidental Petroleum Corporation will post 3.58 earnings per share for the current year.

Occidental Petroleum Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 10th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.8%. This is a boost from Occidental Petroleum’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Tuesday, March 10th. Occidental Petroleum’s dividend payout ratio (DPR) is presently 64.60%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on OXY. TD Cowen raised their price target on shares of Occidental Petroleum from $48.00 to $54.00 and gave the stock a “hold” rating in a research note on Monday, February 23rd. Barclays increased their target price on shares of Occidental Petroleum from $55.00 to $59.00 and gave the stock an “equal weight” rating in a report on Monday. Citigroup lowered their price target on shares of Occidental Petroleum from $49.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 19th. Weiss Ratings raised shares of Occidental Petroleum from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, March 9th. Finally, Scotiabank reduced their price objective on shares of Occidental Petroleum from $47.00 to $46.00 and set a “sector perform” rating for the company in a research note on Friday, January 16th. Nine equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Occidental Petroleum has an average rating of “Hold” and a consensus target price of $54.05.

Occidental Petroleum News Summary

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

• Positive Sentiment: Mizuho raised its price target to $72 and upgraded OXY to “outperform,” signaling materially higher upside expectations from a major analyst. Article Title
• Positive Sentiment: Analyst commentary and valuation pieces point to improved OXY valuation as oil prices rise, supporting upward revisions to earnings and multiples. Article Title
• Positive Sentiment: Geopolitical escalation in the Middle East (recent strikes and reported high‑level casualties) and regional supply disruptions have pushed crude significantly higher — a tailwind for oil producers like OXY. Sector pieces note energy stocks are benefiting from the surge. Article Title
• Positive Sentiment: News of operations suspended at a UAE gas field after a drone strike underscores tighter regional supply and supports higher near‑term oil/gas prices, which benefits Occidental’s upstream cash flows. Article Title
• Neutral Sentiment: Activity and mention in Russell 1000 coverage can increase passive and quant flows into the stock, a modest structural positive but not an immediate earnings driver. Article Title
• Neutral Sentiment: Barclays lifted its price target from $55 to $59 but kept an “equal weight” rating — a mild affirmation but less bullish than Mizuho’s upgrade. Article Title
• Negative Sentiment: Despite the positive headlines, OXY experienced a short-term decline on Mar. 16 while the broader market improved, indicating some profit-taking or sensitivity to near-term company-specific/market noise. Article Title

Occidental Petroleum 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.