Moran Wealth Management LLC Purchases 14,424 Shares of Occidental Petroleum Corporation $OXY

Moran Wealth Management LLC raised its position in shares of Occidental Petroleum Corporation (NYSE:OXY) by 58.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 39,307 shares of the oil and gas producer’s stock after purchasing an additional 14,424 shares during the quarter. Moran Wealth Management LLC’s holdings in Occidental Petroleum were worth $1,616,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Apella Capital LLC raised its position in shares of Occidental Petroleum by 3.4% during the 4th quarter. Apella Capital LLC now owns 7,019 shares of the oil and gas producer’s stock valued at $289,000 after purchasing an additional 233 shares during the period. Jamison Private Wealth Management Inc. boosted its holdings in Occidental Petroleum by 1.8% in the 4th quarter. Jamison Private Wealth Management Inc. now owns 13,934 shares of the oil and gas producer’s stock worth $573,000 after buying an additional 249 shares during the period. Woodward Diversified Capital LLC increased its stake in Occidental Petroleum by 4.2% in the 4th quarter. Woodward Diversified Capital LLC now owns 6,652 shares of the oil and gas producer’s stock worth $274,000 after buying an additional 270 shares in the last quarter. Inscription Capital LLC increased its stake in Occidental Petroleum by 0.8% in the 3rd quarter. Inscription Capital LLC now owns 32,734 shares of the oil and gas producer’s stock worth $1,547,000 after buying an additional 271 shares in the last quarter. Finally, Cigna Investments Inc. New raised its holdings in Occidental Petroleum by 4.3% during the third quarter. Cigna Investments Inc. New now owns 6,809 shares of the oil and gas producer’s stock valued at $321,000 after acquiring an additional 280 shares during the period. 88.70% of the stock is owned by hedge funds and other institutional investors.

Occidental Petroleum Trading Up 0.0%

OXY opened at $53.81 on Monday. The firm has a market cap of $53.37 billion, a P/E ratio of 33.42 and a beta of 0.23. The company has a current ratio of 0.94, a quick ratio of 0.74 and a debt-to-equity ratio of 0.73. The stock has a 50-day moving average of $55.82 and a 200 day moving average of $47.00. Occidental Petroleum Corporation has a 12 month low of $38.36 and a 12 month high of $67.45.

Occidental Petroleum (NYSE:OXY) last posted its quarterly earnings data 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. Occidental Petroleum had a net margin of 9.14% and a return on equity of 9.89%. The company had revenue of $5.11 billion during the quarter, compared to analyst estimates of $6.02 billion. During the same period in the previous year, the firm earned $0.80 earnings per share. Occidental Petroleum’s quarterly revenue was down 5.2% compared to the same quarter last year. As a group, research analysts forecast that Occidental Petroleum Corporation will post 3.58 EPS for the current year.

Occidental Petroleum Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 10th were paid a dividend of $0.26 per share. The ex-dividend date of this dividend was Tuesday, March 10th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.9%. This is a boost from Occidental Petroleum’s previous quarterly dividend of $0.24. Occidental Petroleum’s dividend payout ratio is presently 64.60%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on OXY shares. Bank of America upped their price objective on Occidental Petroleum from $44.00 to $45.00 in a research note on Tuesday, January 27th. Weiss Ratings raised Occidental Petroleum from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, March 9th. UBS Group upped their price target on Occidental Petroleum from $64.00 to $67.00 and gave the stock a “neutral” rating in a research note on Monday, April 13th. HSBC increased their price objective on shares of Occidental Petroleum from $59.00 to $68.00 and gave the company a “buy” rating in a report on Friday, March 20th. Finally, Zacks Research raised shares of Occidental Petroleum from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 31st. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Occidental Petroleum has a consensus rating of “Hold” and an average target price of $61.04.

More Occidental Petroleum News

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

• Positive Sentiment: U.S. officials pressed oil companies to ramp up drilling to stabilize supplies, and Benzinga notes OXY’s momentum score surged — a near-term catalyst that supported the stock earlier this week. Occidental Petroleum Stock’s Momentum Score Triples As US To Urge Oil Executives To Ramp Up Drilling In Bid To Stabilize Prices
• Positive Sentiment: Longer-term bullish coverage highlights OXY’s strong 2026 performance and its ties to Berkshire Hathaway, which supports investor confidence despite volatility. Occidental Petroleum Is Crushing the Market in 2026. Is It the Smartest Buy Right Now?
• Neutral Sentiment: Value-focused write-ups (Zacks/Yahoo) argue OXY may be undervalued — a thematic support for investors but not an immediate catalyst. Are Investors Undervaluing Occidental Petroleum (OXY) Right Now?
• Neutral Sentiment: Earnings preview: analysts expect a double-digit profit decline next quarter, which sets a cautious near-term outlook ahead of OXY’s report. Earnings Preview: What to Expect From Occidental Petroleum’s Report
• Negative Sentiment: News of a potential ceasefire and Iran saying the Strait of Hormuz would remain open reduced geopolitical risk, sending oil prices — and OXY shares — lower today. Why Occidental Petroleum Plunged Today
• Negative Sentiment: Benzinga reports Iran’s comments specifically eased tanker-route concerns, pressuring oil and energy stocks this session. Why Occidental Petroleum Stock Is Under Pressure Friday Afternoon
• Negative Sentiment: Analyst moves: Citigroup trimmed its price target to $62 and put a neutral rating on OXY; other downgrades and a reported ~4% dip on an analyst downgrade added selling pressure. Citigroup Adjusts Price Target on Occidental Petroleum to $62 from $67; Maintains Neutral Rating

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.