Horizon Investments LLC Raises Stock Holdings in Occidental Petroleum Corporation $OXY

Horizon Investments LLC lifted its stake in Occidental Petroleum Corporation (NYSE:OXY) by 53.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,909 shares of the oil and gas producer’s stock after buying an additional 9,767 shares during the quarter. Horizon Investments LLC’s holdings in Occidental Petroleum were worth $1,148,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in OXY. Activest Wealth Management raised its stake in Occidental Petroleum by 68.5% during the 4th quarter. Activest Wealth Management now owns 750 shares of the oil and gas producer’s stock worth $31,000 after acquiring an additional 305 shares during the period. City Holding Co. increased its stake in shares of Occidental Petroleum by 250.0% in the third quarter. City Holding Co. now owns 700 shares of the oil and gas producer’s stock worth $33,000 after purchasing an additional 500 shares in the last quarter. Binnacle Investments Inc bought a new stake in shares of Occidental Petroleum during the 3rd quarter valued at $35,000. Byrne Asset Management LLC boosted its holdings in 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 worth $50,000 after buying an additional 600 shares during the period. Finally, JPL Wealth Management LLC purchased a new stake in Occidental Petroleum in the 3rd quarter worth $52,000. 88.70% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Wolfe Research boosted their price objective on Occidental Petroleum from $67.00 to $70.00 and gave the company an “outperform” rating in a research report on Monday, April 6th. BMO Capital Markets increased their target price on Occidental Petroleum from $60.00 to $65.00 and gave the stock a “market perform” rating in a research report on Tuesday, April 7th. Jefferies Financial Group lifted their target price on Occidental Petroleum from $47.00 to $58.00 and gave the company a “hold” rating in a research note on Monday, April 13th. Truist Financial started coverage on Occidental Petroleum in a research note on Tuesday, March 24th. They issued a “hold” rating and a $65.00 price target for the company. Finally, Scotiabank increased their price objective on shares of Occidental Petroleum from $46.00 to $57.00 and gave the company a “sector perform” rating in a report on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Occidental Petroleum presently has an average rating of “Hold” and a consensus price target of $62.91.

Trending Headlines about Occidental Petroleum

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

• Positive Sentiment: Q1 earnings beat — OXY reported $1.06 EPS, well above consensus, driven by strong production and asset-sale gains that lifted profit. Shale producer Occidental Petroleum beats quarterly profit estimates
• Positive Sentiment: Analyst upgrade and higher price target — Raymond James raised its OXY price target to $75 and kept an outperform stance, signaling upside from current levels. Raymond James adjusts Occidental Petroleum PT to $75
• Positive Sentiment: Pre-earnings bullish positioning — Traders bought bullish options into the earnings release, indicating institutional interest and speculative bullish flow ahead of results. Bulls are piling into this Warren Buffett favorite ahead of earnings
• Neutral Sentiment: Earnings call and slide deck available — Management provided the Q1 call transcript and presentation with operational detail and guidance items investors will parse for near-term production and cost trends. Occidental Petroleum Q1 2026 Earnings Call Transcript
• Neutral Sentiment: Valuation/upgrade debate — Several pieces argue there’s further upside based on fundamentals and valuation, while other analysts warn the “easy money” trade may be fading; this fuels mixed sentiment among longer-term investors. Occidental Petroleum: Valuation, Fundamentals Can Create Further Upside
• Negative Sentiment: Occidental will not add new oil hedges this year — Management scrapped additional hedges after Iran-war volatility cut realized prices; fewer hedges increase exposure to further price swings and near-term revenue volatility. Occidental scraps new oil hedges as Iran war fuels price volatility
• Negative Sentiment: Iran peace headlines pressured oil prices — Reports of a possible deal to end the Iran war trimmed the geopolitical premium on crude, dragging down major oil names including OXY and outweighing the earnings beat in the market’s near-term reaction. Exxon, Chevron, Other Oil Stocks Sink as Market Bets Iran War Will End
• Negative Sentiment: Revenue miss, hedging losses and cash flow concerns flagged by analysts — Although EPS beat, revenue fell short and some write-ups note hedging losses and negative free cash flow that temper the quality of the beat. Occidental Petroleum: Time To Take Profits At Fair Value (Rating Downgrade)

Occidental Petroleum Stock Down 7.2%

OXY opened at $55.09 on Thursday. Occidental Petroleum Corporation has a 52 week low of $38.72 and a 52 week high of $67.45. The company has a quick ratio of 0.74, a current ratio of 0.94 and a debt-to-equity ratio of 0.73. The firm has a 50-day simple moving average of $57.98 and a two-hundred day simple moving average of $48.09. The company has a market capitalization of $54.63 billion, a PE ratio of 13.88 and a beta of 0.17.

Occidental Petroleum (NYSE:OXY) last announced its quarterly earnings results on Tuesday, May 5th. The oil and gas producer reported $1.06 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.46. The company had revenue of $5.11 billion during the quarter, compared to analyst estimates of $5.44 billion. Occidental Petroleum had a return on equity of 9.91% and a net margin of 19.98%.The firm’s revenue was down 8.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.14 earnings per share. Analysts forecast that Occidental Petroleum Corporation will post 4.77 earnings per share for the current fiscal year.

Occidental Petroleum Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, June 10th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Wednesday, June 10th. Occidental Petroleum’s dividend payout ratio is currently 64.60%.

About Occidental Petroleum

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.