Ceeto Capital Group LLC Has $107,000 Position in Occidental Petroleum Corporation $OXY

Ceeto Capital Group LLC lessened its holdings in Occidental Petroleum Corporation (NYSE:OXY) by 87.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,250 shares of the oil and gas producer’s stock after selling 15,000 shares during the quarter. Ceeto Capital Group LLC’s holdings in Occidental Petroleum were worth $107,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. City Holding Co. increased its position in Occidental Petroleum by 250.0% in the 3rd 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 period. Binnacle Investments Inc acquired a new position in shares of Occidental Petroleum during the third quarter worth $35,000. GoalVest Advisory LLC acquired a new position in shares of Occidental Petroleum during the third quarter worth $38,000. Tripletail Wealth Management LLC bought a new stake in shares of Occidental Petroleum in the third quarter worth $49,000. Finally, Sumitomo Mitsui Financial Group Inc. acquired a new stake in Occidental Petroleum in the second quarter valued at $51,000. 88.70% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on OXY shares. Citigroup lowered their target price on Occidental Petroleum from $49.00 to $45.00 and set a “neutral” rating for the company in a research report on Wednesday, November 19th. Jefferies Financial Group increased their price target on Occidental Petroleum from $42.00 to $47.00 and gave the company a “hold” rating in a research note on Monday, February 23rd. JPMorgan Chase & Co. raised their price objective on Occidental Petroleum from $42.00 to $49.00 and gave the stock an “underweight” rating in a research report on Friday, February 20th. TD Cowen upped their target price on Occidental Petroleum from $48.00 to $54.00 and gave the company a “hold” rating in a report on Monday, February 23rd. Finally, Raymond James Financial reissued an “outperform” rating and set a $50.00 target price on shares of Occidental Petroleum in a research report on Tuesday, November 25th. Nine 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’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $53.48.

Insider Activity

In other Occidental Petroleum news, Director William R. Klesse purchased 5,000 shares of the business’s stock in a transaction on Tuesday, December 16th. The shares were purchased at an average cost of $38.98 per share, for a total transaction of $194,900.00. Following the acquisition, the director owned 218,913 shares of the company’s stock, valued at approximately $8,533,228.74. This represents a 2.34% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.31% of the company’s stock.

Key Stories Impacting Occidental Petroleum

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

• Positive Sentiment: Piper Sandler upgraded OXY to Overweight and raised its price target to $66, signaling stronger analyst conviction and providing tangible upside from current levels. Positive Report for Occidental Petroleum (OXY) from Piper Sandler
• Positive Sentiment: Coverage and headlines explain a roughly 40% move in OXY YTD — driven by oil‑price strength, Permian operational outperformance and visible debt reduction — reinforcing the narrative that fundamentals, not just momentum, are supporting the rally. What’s Behind The 40% Rise In OXY Stock?
• Positive Sentiment: Zacks notes OXY outperformed the energy group (≈+27% in a month) and cites rising oil, Permian strength and debt paydown as drivers — a bullish confirmation for investors focused on fundamentals and cash‑flow improvement. OXY Outperforms Industry in Past Month: Buy, Hold or Sell the Stock?
• Positive Sentiment: Intraday price jumps and above‑average volume coincided with upward earnings‑estimate revisions, suggesting analysts are beginning to bake in more upside for OXY. Occidental (OXY) Soars 5.1%: Is Further Upside Left in the Stock?
• Positive Sentiment: Broker activity also includes a Wells Fargo upgrade on the company’s equity warrant vehicle (OXY.WS), a signal that some desks see additional value in Occidental‑linked securities. Wells Fargo upgrades Occidental Petroleum Corporation – Equity Warrant (OXY.WS)
• Neutral Sentiment: Sector momentum from rising oil and Middle East supply‑concern headlines (tanker attacks, Strait of Hormuz rhetoric) is lifting energy peers broadly, which benefits OXY but also adds geopolitical volatility risk. Occidental Petroleum Stock Surges Thursday: What’s Driving The Action?
• Neutral Sentiment: Goldman assigned a $54 price target (and other outlets list varying targets), showing analyst views still diverge on fair value — useful context for investors deciding entry points or profit‑taking. Occidental Petroleum (NYSE:OXY) Given New $54.00 Price Target at The Goldman Sachs Group
• Neutral Sentiment: Occidental disclosed a $1.20B debt tender and covenant changes; this touches capital structure and may reduce near‑term leverage risks but invites scrutiny over terms and longer‑run funding flexibility. Should Occidental’s US$1.20 Billion Debt Tender and Covenant Changes Require Action From OXY Investors?
• Negative Sentiment: Some analysts and commentaries warn the oil‑led rally may be overextended and that easy gains could be behind the stock, implying higher near‑term downside risk if oil or macro sentiment reverses. Occidental Petroleum: Oil Rally Overly Done – Easy Gains Behind Us

Occidental Petroleum Stock Performance

Shares of Occidental Petroleum stock opened at $57.91 on Friday. The business has a 50-day moving average price of $47.53 and a two-hundred day moving average price of $44.62. Occidental Petroleum Corporation has a 1-year low of $34.78 and a 1-year high of $59.15. 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 company has a market cap of $57.11 billion, a P/E ratio of 35.97 and a beta of 0.34.

Occidental Petroleum (NYSE:OXY) last announced its quarterly earnings data 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 company had revenue of $5.11 billion for the quarter, compared to the consensus estimate of $6.02 billion. During the same period in the previous year, the business earned $0.80 EPS. The firm’s revenue was down 5.2% compared to the same quarter last year. As a group, analysts anticipate that Occidental Petroleum Corporation will post 3.58 EPS 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 paid a $0.26 dividend. This represents a $1.04 annualized dividend 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 payout ratio is presently 64.60%.

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.