Cantor Fitzgerald L. P. Has $1.54 Million Stake in Occidental Petroleum Corporation $OXY

Cantor Fitzgerald L. P. raised its stake in shares of Occidental Petroleum Corporation (NYSE:OXY) by 67.0% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 32,620 shares of the oil and gas producer’s stock after acquiring an additional 13,087 shares during the quarter. Cantor Fitzgerald L. P.’s holdings in Occidental Petroleum were worth $1,541,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. City Holding Co. lifted 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 acquired a new position in shares of Occidental Petroleum during the 3rd quarter worth about $35,000. GoalVest Advisory LLC bought a new stake in Occidental Petroleum during the 3rd quarter valued at approximately $38,000. Tripletail Wealth Management LLC acquired a new stake in Occidental Petroleum in the 3rd quarter valued at approximately $49,000. Finally, Sumitomo Mitsui Financial Group Inc. bought a new position in Occidental Petroleum in the 2nd quarter worth approximately $51,000. Institutional investors own 88.70% of the company’s stock.

Occidental Petroleum Trading Up 1.2%

Shares of Occidental Petroleum stock opened at $58.45 on Thursday. Occidental Petroleum Corporation has a 52-week low of $34.78 and a 52-week high of $59.15. The firm has a market capitalization of $57.65 billion, a PE ratio of 36.30 and a beta of 0.34. 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’s fifty day moving average price is $48.52 and its two-hundred day moving average price is $44.84.

Occidental Petroleum (NYSE:OXY) last issued its earnings results on Wednesday, February 18th. The oil and gas producer reported $0.31 earnings per share for the quarter, beating 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 business had revenue of $5.11 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. On average, analysts expect that Occidental Petroleum Corporation will post 3.58 EPS for the current year.

Occidental Petroleum Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 10th will be paid a $0.26 dividend. The ex-dividend date is Tuesday, March 10th. This represents a $1.04 annualized dividend and a dividend yield of 1.8%. This is an increase from Occidental Petroleum’s previous quarterly dividend of $0.24. Occidental Petroleum’s dividend payout ratio is currently 64.60%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on OXY. UBS Group increased their price objective on Occidental Petroleum from $49.00 to $55.00 and gave the company a “neutral” rating in a research report on Thursday, March 5th. BMO Capital Markets increased their price target on shares of Occidental Petroleum from $48.00 to $60.00 and gave the company a “market perform” rating in a report on Monday, February 23rd. Argus upgraded shares of Occidental Petroleum to a “hold” rating in a research report on Friday, February 27th. Wolfe Research cut their price objective on shares of Occidental Petroleum from $55.00 to $54.00 and set an “outperform” rating for the company in a research report on Wednesday, January 21st. Finally, Piper Sandler upgraded shares of Occidental Petroleum from a “neutral” rating to an “overweight” rating and increased their target price for the company from $54.00 to $66.00 in a research note on Thursday, March 12th. Nine research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $54.05.

Key Headlines Impacting Occidental Petroleum

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

• Positive Sentiment: Mizuho raised its price target on OXY to $72 and assigned an “outperform” rating, giving the shares meaningful upside from current levels and signaling buy-side conviction from a major sell-side firm. Read More
• Positive Sentiment: A Barclays analyst said Occidental’s stock price is expected to rise, reflecting bullish analyst sentiment that can attract flows and support the rally. Occidental Petroleum (NYSE:OXY) Stock Price Expected to Rise, Barclays Analyst Says
• Positive Sentiment: Sector tailwinds from higher crude and geopolitical tensions are benefiting top E&P names like OXY—analysts and trade press list Occidental among the energy companies that stand to gain as oil rallies. That macro squeeze on supply/demand is a direct revenue and cash-flow tailwind. 5 Oil and Gas Stocks That Benefit From Soaring Crude Prices
• Positive Sentiment: Trading/activity flagged in the Russell 1000 suggests index-related flows and institutional attention, which can amplify moves if inclusion/reweighting continues. Occidental Petroleum (NYSE:OXY) Activity Seen in Russell 1000
• Neutral Sentiment: Zacks notes increased retail/investor attention on OXY, which can boost short-term volatility and headline-driven trading but doesn’t guarantee sustained fundamental improvement. Is Trending Stock Occidental Petroleum Corporation (OXY) a Buy Now?
• Neutral Sentiment: Post-upgrade valuation pieces point to improved sentiment and a re-rate opportunity, but they also note valuation nuances and sensitivity to oil prices—so upside depends on sustained commodity support. A Look At Occidental Petroleum (OXY) Valuation After Analyst Upgrades And Higher Oil Price Tailwinds
• Negative Sentiment: Despite recent strength, OXY has seen short-term pullbacks at times (a recent session where the stock declined), underscoring the risk of volatility if oil prices or sentiment reverse. Occidental Petroleum (OXY) Stock Declines While Market Improves: Some Information for Investors

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.