Nordea Investment Management AB Buys 21,890 Shares of Occidental Petroleum Corporation $OXY

Nordea Investment Management AB raised its stake in shares of Occidental Petroleum Corporation (NYSE:OXY) by 4.4% in the 4th quarter, HoldingsChannel reports. The firm owned 521,364 shares of the oil and gas producer’s stock after purchasing an additional 21,890 shares during the period. Nordea Investment Management AB’s holdings in Occidental Petroleum were worth $21,433,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of OXY. Lighthouse Investment Partners LLC purchased a new position in Occidental Petroleum in the third quarter worth $22,345,000. DNB Asset Management AS raised its position in Occidental Petroleum by 100.3% during the third quarter. DNB Asset Management AS now owns 267,807 shares of the oil and gas producer’s stock valued at $12,654,000 after purchasing an additional 134,128 shares in the last quarter. Swedbank AB bought a new stake in Occidental Petroleum during the third quarter worth about $35,517,000. Mirabella Financial Services LLP lifted its stake in Occidental Petroleum by 154.7% during the third quarter. Mirabella Financial Services LLP now owns 29,566 shares of the oil and gas producer’s stock worth $1,394,000 after purchasing an additional 17,958 shares during the last quarter. Finally, Gifford Fong Associates boosted its holdings in shares of Occidental Petroleum by 41.2% in the 3rd quarter. Gifford Fong Associates now owns 171,429 shares of the oil and gas producer’s stock worth $8,100,000 after purchasing an additional 50,000 shares in the last quarter. Hedge funds and other institutional investors own 88.70% of the company’s stock.

Occidental Petroleum Price Performance

Shares of Occidental Petroleum stock opened at $61.18 on Wednesday. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.94 and a quick ratio of 0.74. Occidental Petroleum Corporation has a one year low of $34.78 and a one year high of $62.11. The business’s 50 day simple moving average is $49.92 and its two-hundred day simple moving average is $45.21. The stock has a market capitalization of $60.67 billion, a P/E ratio of 38.00 and a beta of 0.34.

Occidental Petroleum (NYSE:OXY) last released its quarterly earnings data on Wednesday, February 18th. The oil and gas producer reported $0.31 earnings per share 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 firm had revenue of $5.11 billion during the quarter, compared to analyst estimates of $6.02 billion. During the same quarter in the prior year, the firm posted $0.80 earnings per share. The business’s quarterly revenue was down 5.2% compared to the same quarter last year. 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 will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 10th will be issued a $0.26 dividend. 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. This represents a $1.04 dividend on an annualized basis and a yield of 1.7%. Occidental Petroleum’s payout ratio is 64.60%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Piper Sandler raised Occidental Petroleum from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $54.00 to $66.00 in a report on Thursday, March 12th. Wall Street Zen raised Occidental Petroleum from a “sell” rating to a “hold” rating in a research note on Saturday, February 28th. Roth Mkm lifted their price target on shares of Occidental Petroleum from $39.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday, February 20th. Argus upgraded shares of Occidental Petroleum to a “hold” rating in a report on Friday, February 27th. Finally, UBS Group upped their price objective on shares of Occidental Petroleum from $49.00 to $55.00 and gave the company a “neutral” rating in a research note on Thursday, March 5th. Nine equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $55.59.

Occidental Petroleum News Summary

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

• Positive Sentiment: Analyst / comparison pieces argue OXY stands to benefit more than some Permian peers from oil-price spikes due to limited hedging (boosting near-term cash flow) and stronger earnings revisions — a structural reason for relative outperformance. DVN vs. OXY: Which Permian Stock Benefits More From Oil Price Spikes?
• Positive Sentiment: JPMorgan/other broker activity: recent upgrade/newsflow (reported 3/23) and coverage comparisons have supported investor interest and momentum in OXY. Occidental Petroleum Upgraded at JPMorgan Chase & Co.
• Positive Sentiment: Macro headlines (reported pre-market) — constructive U.S.-Iran diplomatic comments — lifted crude futures and oil-linked names, providing a tailwind to OXY shares. Pre-Market Turns Green
• Positive Sentiment: Market commentary and screens are including OXY among oil stocks with outsized upside potential amid the recent crude rally, which can attract momentum and thematic inflows. 3 Oil Stocks Set to Deliver 50%+ Returns in 2026
• Neutral Sentiment: Truist initiated coverage with a “Hold” and $65 price target (modest upside vs. the current level) — a neutral signal that may cap short-term upside until clearer catalysts emerge. Benzinga Coverage Note
• Neutral Sentiment: Several articles ask whether the recent run makes OXY fully valued now; these pieces can temper new-money flows even as momentum remains. Is It Too Late To Consider Occidental Petroleum?
• Negative Sentiment: Company fundamentals to watch: last reported quarter beat EPS but missed revenue and year-over-year revenue was down; those execution/volume signals could restrain valuation if higher oil prices don’t translate into sustainable top-line growth. (Quarterly details reported Feb 18.)

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.