Swiss Life Asset Management Ltd Sells 32,741 Shares of Occidental Petroleum Corporation $OXY

Swiss Life Asset Management Ltd lowered its position in Occidental Petroleum Corporation (NYSE:OXY) by 29.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 79,494 shares of the oil and gas producer’s stock after selling 32,741 shares during the period. Swiss Life Asset Management Ltd’s holdings in Occidental Petroleum were worth $3,756,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of OXY. City Holding Co. grew its stake in shares of Occidental Petroleum by 250.0% during the third quarter. City Holding Co. now owns 700 shares of the oil and gas producer’s stock valued at $33,000 after buying an additional 500 shares during the last quarter. Binnacle Investments Inc bought a new stake in shares of Occidental Petroleum during the 3rd quarter worth approximately $35,000. GoalVest Advisory LLC purchased a new position in Occidental Petroleum during the 3rd quarter valued at $38,000. Tripletail Wealth Management LLC purchased a new position in Occidental Petroleum during the 3rd quarter valued at $49,000. Finally, Sumitomo Mitsui Financial Group Inc. bought a new position in Occidental Petroleum in the 2nd quarter valued at $51,000. Hedge funds and other institutional investors own 88.70% of the company’s stock.

More Occidental Petroleum News

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

• Positive Sentiment: Stock hit a 52‑week high, reflecting strong investor interest and momentum following recent analyst action and oil price strength. Occidental Petroleum stock hits 52-week high at 60.75 USD
• Positive Sentiment: Multiple brokerages raised ratings/targets this morning — HSBC to a Buy with a $68 PT and Mizuho boosting its target to $72 — and JPMorgan upgraded OXY from Underweight to Neutral (PT $63). Those calls give the stock near‑term support from institutional investors. HSBC price target raise / Benzinga Mizuho Raises Occidental Price Target to $72.00 JPMorgan upgrade / TickerReport
• Positive Sentiment: Oil price strength and active balance‑sheet moves are lifting sentiment — crude spikes help E&P multiples, while Occidental’s cash tender offers and recent asset sale (OxyChem) support a deleveraging narrative. Occidental Petroleum gains as oil prices spike and debt buyback stays in focus
• Neutral Sentiment: Recent earnings: OXY beat EPS expectations last quarter but revenue came in below estimates — a mixed fundamental print that makes the stock sensitive to forward guidance and oil prices (investors are watching whether the post‑earnings rally can continue). Occidental (OXY) Up 15.6% Since Last Earnings Report
• Neutral Sentiment: General market interest/trending coverage is increasing (investor attention can amplify moves but doesn’t guarantee direction). Is Trending Stock Occidental Petroleum Corporation (OXY) a Buy Now?
• Negative Sentiment: Operational risk from Middle East disruptions: reports say the Shah gas field and Fujairah crude loadings have been affected, which could dent near‑term production and export revenue if outages persist. This is the main tangible downside risk to the recent rally. Occidental Faces New Middle East Disruptions

Occidental Petroleum Price Performance

Shares of OXY stock opened at $60.79 on Monday. The stock’s 50-day moving average is $49.21 and its 200 day moving average is $45.00. Occidental Petroleum Corporation has a 1-year low of $34.78 and a 1-year high of $61.37. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.94 and a quick ratio of 0.74. The company has a market cap of $59.95 billion, a P/E ratio of 37.75 and a beta of 0.34.

Occidental Petroleum (NYSE:OXY) last announced its earnings results on Wednesday, February 18th. The oil and gas producer reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.13. The business had revenue of $5.11 billion during 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%. During the same period in the previous year, the company posted $0.80 earnings per share. The firm’s revenue was down 5.2% on a year-over-year basis. Research analysts predict that Occidental Petroleum Corporation will post 3.58 earnings per share for the current fiscal year.

Occidental Petroleum Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 10th will be paid a dividend of $0.26 per share. This is a boost from Occidental Petroleum’s previous quarterly dividend of $0.24. The ex-dividend date is Tuesday, March 10th. This represents a $1.04 annualized dividend and a dividend yield of 1.7%. Occidental Petroleum’s dividend payout ratio (DPR) is presently 64.60%.

Analyst Ratings Changes

OXY has been the subject of several research analyst reports. Piper Sandler upgraded Occidental Petroleum from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $54.00 to $66.00 in a research report on Thursday, March 12th. The Goldman Sachs Group raised their price target on shares of Occidental Petroleum from $41.00 to $54.00 and gave the stock a “sell” rating in a research note on Wednesday, March 11th. Roth Mkm lifted their price objective on shares of Occidental Petroleum from $39.00 to $45.00 and gave the company a “neutral” rating in a report on Friday, February 20th. Zacks Research raised shares of Occidental Petroleum from a “strong sell” rating to a “hold” rating in a research report on Monday, March 2nd. Finally, Wolfe Research dropped their target price on shares of Occidental Petroleum from $55.00 to $54.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 21st. Nine investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Occidental Petroleum currently has a consensus rating of “Hold” and an average target price of $55.14.

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.