Net Worth Advisory Group Grows Stock Position in Occidental Petroleum Corporation $OXY

Net Worth Advisory Group grew its holdings in Occidental Petroleum Corporation (NYSE:OXY) by 65.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 19,645 shares of the oil and gas producer’s stock after acquiring an additional 7,766 shares during the quarter. Net Worth Advisory Group’s holdings in Occidental Petroleum were worth $808,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. BMO Capital Markets increased their price objective on Occidental Petroleum from $48.00 to $60.00 and gave the company a “market perform” rating in a report on Monday, February 23rd. The Goldman Sachs Group upped their target price on Occidental Petroleum from $41.00 to $54.00 and gave the company a “sell” rating in a research report on Wednesday, March 11th. Wall Street Zen upgraded shares of Occidental Petroleum from a “sell” rating to a “hold” rating in a report on Saturday, February 28th. Wells Fargo & Company raised shares of Occidental Petroleum from an “underweight” rating to an “overweight” rating and raised their price target for the stock from $47.00 to $69.00 in a research report on Thursday, March 12th. Finally, Barclays upped their price objective on shares of Occidental Petroleum from $55.00 to $59.00 and gave the company an “equal weight” rating in a report on Monday, March 16th. Nine investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Occidental Petroleum has a consensus rating of “Hold” and an average price target of $55.59.

Occidental Petroleum Stock Up 1.5%

Shares of OXY opened at $65.32 on Friday. The company has a market capitalization of $64.77 billion, a price-to-earnings ratio of 40.57 and a beta of 0.34. Occidental Petroleum Corporation has a 52 week low of $34.78 and a 52 week high of $66.00. The stock’s 50-day moving average price is $51.14 and its 200-day moving average price is $45.60. The company has a quick ratio of 0.74, a current ratio of 0.94 and a debt-to-equity ratio of 0.73.

Occidental Petroleum (NYSE:OXY) last announced its quarterly 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 return on equity of 9.89% and a net margin of 9.14%.The company had revenue of $5.11 billion during the quarter, compared to analysts’ expectations of $6.02 billion. During the same period last year, the business earned $0.80 earnings per share. Occidental Petroleum’s quarterly revenue was down 5.2% on a year-over-year basis. On average, sell-side analysts predict that Occidental Petroleum Corporation will post 3.58 EPS for the current year.

Occidental Petroleum Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 10th will be issued a dividend of $0.26 per share. This is a positive change 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 annualized dividend and a dividend yield of 1.6%. Occidental Petroleum’s payout ratio is presently 64.60%.

Key Headlines Impacting Occidental Petroleum

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

• Positive Sentiment: Management and strategic shift: OXY announced a planned CEO transition (Vicki Hollub to retire, COO Richard Jackson to succeed) alongside completion of the roughly $9.7B sale of OxyChem — proceeds earmarked to pay down debt and refocus capital on core oil & gas, a clear catalyst for investor enthusiasm. Occidental Petroleum (OXY) Is Up 8.0% After CEO Transition And OxyChem Sale Announcement – Has The Bull Case Changed?
• Positive Sentiment: Momentum reaction: the leadership news sent OXY to a fresh 52-week high as traders bought the governance clarity and balance-sheet improvement narrative. Occidental Petroleum (OXY) Soars to 52-Week High on Leadership Transition
• Positive Sentiment: Big-bank view: J.P. Morgan moved OXY to a Hold, a modest upgrade that reduces near-term analyst uncertainty and supports the stock rebound by signaling less downside from here. J.P. Morgan upgrades Occidental Petroleum (OXY) to a Hold
• Positive Sentiment: Technical/momentum interest: several market pieces highlight OXY as a strong momentum name after a sharp YTD rally, attracting trend-following flows. Here’s Why Occidental Petroleum (OXY) is a Strong Momentum Stock
• Neutral Sentiment: Analyst/coverage noise: TD Cowen’s Hold and new coverage from Truist are adding research flow but no clear consensus upgrade-to-buy signal yet — keeps volatility possible as investors parse differing views. Occidental Petroleum (OXY) Receives a Hold from TD Cowen
• Neutral Sentiment: Context on gains: analysts and outlets note OXY is up roughly ~58% YTD — raises valuation/mean-reversion questions even as momentum persists. Up 58% in 2026, Is It Too Late to Buy Occidental Petroleum?
• Negative Sentiment: Legacy performance critique: some coverage highlights that Hollub’s tenure “hasn’t been good for investors,” reminding market participants that governance change alone doesn’t erase past capital allocation concerns; risk remains if new leadership doesn’t improve returns. Hollub’s Tenure as Occidental CEO May Be Ending. It Hasn’t Been Good for Investors.

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.