Assenagon Asset Management S.A. Has $4.19 Million Stock Position in Occidental Petroleum Corporation $OXY

Assenagon Asset Management S.A. cut its position in Occidental Petroleum Corporation (NYSE:OXY) by 15.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 101,934 shares of the oil and gas producer’s stock after selling 18,604 shares during the period. Assenagon Asset Management S.A.’s holdings in Occidental Petroleum were worth $4,192,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. City Holding Co. grew its position 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 worth $33,000 after acquiring an additional 500 shares during the last quarter. Binnacle Investments Inc bought a new position in Occidental Petroleum in the 3rd quarter valued at $35,000. GoalVest Advisory LLC acquired a new position in Occidental Petroleum in the third quarter worth $38,000. Tripletail Wealth Management LLC bought a new stake in shares of Occidental Petroleum during the third quarter worth $49,000. Finally, JPL Wealth Management LLC acquired a new stake in shares of Occidental Petroleum in the third quarter valued at $52,000. 88.70% of the stock is owned by institutional investors.

Occidental Petroleum Stock Performance

Occidental Petroleum stock opened at $65.32 on Monday. The company has a market cap of $64.77 billion, a PE ratio of 40.57 and a beta of 0.34. The company has a current ratio of 0.94, a quick ratio of 0.74 and a debt-to-equity ratio of 0.73. Occidental Petroleum Corporation has a 1 year low of $34.78 and a 1 year high of $66.00. The company’s 50-day moving average is $51.14 and its two-hundred day moving average is $45.59.

Occidental Petroleum (NYSE:OXY) last issued its quarterly earnings results on Wednesday, February 18th. The oil and gas producer reported $0.31 EPS for the quarter, topping the consensus estimate of $0.18 by $0.13. The company had revenue of $5.11 billion during the quarter, compared to analysts’ expectations 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 was down 5.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.80 EPS. Equities analysts anticipate that Occidental Petroleum Corporation will post 3.58 earnings per share for the current year.

Occidental Petroleum Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 10th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $1.04 dividend on an annualized basis and a yield of 1.6%. This is a boost from Occidental Petroleum’s previous quarterly dividend of $0.24. Occidental Petroleum’s dividend payout ratio (DPR) is presently 64.60%.

Analyst Ratings Changes

A number of research analysts recently issued reports on OXY shares. Scotiabank cut their price target on Occidental Petroleum from $47.00 to $46.00 and set a “sector perform” rating for the company in a report on Friday, January 16th. Susquehanna raised their price objective on shares of Occidental Petroleum from $51.00 to $60.00 and gave the company a “positive” rating in a research report on Friday, February 20th. BMO Capital Markets boosted their target price on shares of Occidental Petroleum from $48.00 to $60.00 and gave the stock a “market perform” rating in a research note on Monday, February 23rd. Mizuho upped their target price on shares of Occidental Petroleum from $67.00 to $72.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 17th. Finally, Truist Financial initiated coverage on shares of Occidental Petroleum in a report on Tuesday, March 24th. They issued a “hold” rating and a $65.00 price target for the company. Nine research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $55.59.

Key Occidental Petroleum News

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

• Positive Sentiment: Management and strategic shift: OXY announced a planned CEO transition (Vicki Hollub to retire, COO Richard Jackson to succeed) alongside completion of the roughly $9.7B sale of OxyChem — proceeds earmarked to pay down debt and refocus capital on core oil & gas, a clear catalyst for investor enthusiasm. Occidental Petroleum (OXY) Is Up 8.0% After CEO Transition And OxyChem Sale Announcement – Has The Bull Case Changed?
• Positive Sentiment: Momentum reaction: the leadership news sent OXY to a fresh 52-week high as traders bought the governance clarity and balance-sheet improvement narrative. Occidental Petroleum (OXY) Soars to 52-Week High on Leadership Transition
• Positive Sentiment: Big-bank view: J.P. Morgan moved OXY to a Hold, a modest upgrade that reduces near-term analyst uncertainty and supports the stock rebound by signaling less downside from here. J.P. Morgan upgrades Occidental Petroleum (OXY) to a Hold
• Positive Sentiment: Technical/momentum interest: several market pieces highlight OXY as a strong momentum name after a sharp YTD rally, attracting trend-following flows. Here’s Why Occidental Petroleum (OXY) is a Strong Momentum Stock
• Neutral Sentiment: Analyst/coverage noise: TD Cowen’s Hold and new coverage from Truist are adding research flow but no clear consensus upgrade-to-buy signal yet — keeps volatility possible as investors parse differing views. Occidental Petroleum (OXY) Receives a Hold from TD Cowen
• Neutral Sentiment: Context on gains: analysts and outlets note OXY is up roughly ~58% YTD — raises valuation/mean-reversion questions even as momentum persists. Up 58% in 2026, Is It Too Late to Buy Occidental Petroleum?
• Negative Sentiment: Legacy performance critique: some coverage highlights that Hollub’s tenure “hasn’t been good for investors,” reminding market participants that governance change alone doesn’t erase past capital allocation concerns; risk remains if new leadership doesn’t improve returns. Hollub’s Tenure as Occidental CEO May Be Ending. It Hasn’t Been Good for Investors.

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.