Occidental Petroleum Corporation $OXY Shares Bought by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC lifted its stake in shares of Occidental Petroleum Corporation (NYSE:OXY) by 108.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,774 shares of the oil and gas producer’s stock after buying an additional 9,253 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Occidental Petroleum were worth $731,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. City Holding Co. lifted its position in Occidental Petroleum by 250.0% in the third quarter. City Holding Co. now owns 700 shares of the oil and gas producer’s stock valued at $33,000 after acquiring an additional 500 shares during the last quarter. Binnacle Investments Inc purchased a new position in shares of Occidental Petroleum during the third quarter worth about $35,000. GoalVest Advisory LLC acquired a new stake in shares of Occidental Petroleum during the third quarter worth about $38,000. Tripletail Wealth Management LLC acquired a new stake in shares of Occidental Petroleum during the third quarter worth about $49,000. Finally, Byrne Asset Management LLC lifted its holdings in shares of Occidental Petroleum by 96.9% in the 4th quarter. Byrne Asset Management LLC now owns 1,219 shares of the oil and gas producer’s stock valued at $50,000 after purchasing an additional 600 shares during the last quarter. 88.70% of the stock is owned by hedge funds and other institutional investors.

Occidental Petroleum Stock Down 0.0%

Occidental Petroleum stock opened at $62.94 on Friday. The stock has a 50 day moving average of $53.21 and a two-hundred day moving average of $46.22. Occidental Petroleum Corporation has a twelve month low of $34.78 and a twelve month high of $67.45. The stock has a market capitalization of $62.42 billion, a price-to-earnings ratio of 39.09 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.

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

Occidental Petroleum Increases Dividend

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

Key Occidental Petroleum News

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

• Positive Sentiment: Zacks Research upgraded OXY from “hold” to “strong-buy,” a clear vote that can attract momentum traders and institutional buyers. Zacks upgrade
• Positive Sentiment: Price-target lift: American Banking News published a raised price target to $74, which supports upside expectations among investors pricing in stronger forward returns. Occidental Petroleum (NYSE:OXY) Price Target Raised to $74.00
• Positive Sentiment: Momentum coverage: recent pieces (Zacks/Yahoo) are highlighting OXY as a momentum buy, reinforcing short-term inflows from trend-following funds. Here’s Why Occidental Petroleum (OXY) is a Great Momentum Stock to Buy
• Positive Sentiment: Macro tailwinds: rising crude prices and rising geopolitical tensions have lifted energy peers and helped OXY trade higher as investors rotate into higher-performing oil names. What’s Going On With Occidental Petroleum Stock Thursday?
• Neutral Sentiment: Leadership transition: CEO Vicki Hollub is retiring and Richard Jackson is named CEO. Management is refocusing on carbon management and balance-sheet transformation (post-OxyChem sale). Strategically positive but introduces short‑term execution and governance uncertainty. Occidental Petroleum CEO Shift Puts Carbon Management And Debt In Focus
• Negative Sentiment: Analyst consensus remains cautious: an American Banking News summary shows an average analyst rating of “Hold,” which can cap near-term upside despite isolated price-target raises and upgrades. Occidental Petroleum Corporation (NYSE:OXY) Given Average Rating of “Hold” by Analysts

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on OXY. Scotiabank upgraded Occidental Petroleum to a “hold” rating in a research note on Friday, March 27th. Argus upgraded Occidental Petroleum to a “hold” rating in a research note on Friday, February 27th. Morgan Stanley raised their target price on shares of Occidental Petroleum from $53.00 to $73.00 and gave the stock an “equal weight” rating in a research report on Friday, March 27th. JPMorgan Chase & Co. raised shares of Occidental Petroleum from an “underweight” rating to a “neutral” rating and set a $63.00 target price on the stock in a report on Friday, March 20th. Finally, Roth Mkm upped their price target on shares of Occidental Petroleum from $39.00 to $45.00 and gave the company a “neutral” rating in a research report on Friday, February 20th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $58.83.

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.