Cheviot Value Management LLC Sells 19,315 Shares of Occidental Petroleum Corporation $OXY

Cheviot Value Management LLC reduced its stake in Occidental Petroleum Corporation (NYSE:OXY) by 15.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 102,956 shares of the oil and gas producer’s stock after selling 19,315 shares during the period. Cheviot Value Management LLC’s holdings in Occidental Petroleum were worth $4,616,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Binnacle Investments Inc bought a new stake in Occidental Petroleum during the 3rd quarter valued at $35,000. Activest Wealth Management grew its holdings in Occidental Petroleum by 68.5% in 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 last quarter. Garner Asset Management Corp purchased a new position in shares of Occidental Petroleum in the fourth quarter valued at about $37,000. JPL Wealth Management LLC bought a new position in shares of Occidental Petroleum during the third quarter valued at about $52,000. Finally, KERR FINANCIAL PLANNING Corp purchased a new stake in shares of Occidental Petroleum during the third quarter worth about $55,000. Hedge funds and other institutional investors own 88.70% of the company’s stock.

More Occidental Petroleum News

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

• Positive Sentiment: Occidental’s Q1 2026 update was described as beating guidance in key segments, suggesting underlying operating strength despite broader market caution. Occidental Petroleum (OXY) Beats Guidance in Key Segments during Q1 2026
• Positive Sentiment: Some commentary continues to view Occidental as a value name, with coverage noting it among Buffett-linked stock ideas and highlighting a longer-term deleveraging story. Occidental Earnings: Guidance Revisions Won’t Stop Deleveraging
• Neutral Sentiment: JPMorgan, UBS, and Truist all trimmed price targets on OXY, but kept neutral-to-hold style ratings, which signals reduced enthusiasm rather than a bearish downgrade. JPMorgan cut its target to $63 from $64, UBS to $65 from $67, and Truist to $57 from $65. Truist Financial Corporation price target update
• Neutral Sentiment: Investors are also weighing a leadership transition after CEO Vicki Hollub said she plans to retire, which could mark the start of a new strategic phase for the company. Occidental Petroleum: CEO Change Could Mark The Company’s Next Era
• Negative Sentiment: The lower analyst price targets suggest Wall Street sees less upside near term, reinforcing pressure on the stock even after a solid earnings report. UBS adjusts price target on Occidental Petroleum
• Negative Sentiment: Commentary also pointed to temporary oil tailwinds already being priced in, implying limited near-term re-rating potential for OXY shares. Occidental Petroleum: Temporary Oil Tailwinds Already Baked In, Not A Buy Here

Analysts Set New Price Targets

A number of research firms have commented on OXY. Morgan Stanley upped their price target on Occidental Petroleum from $53.00 to $73.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 28th. Barclays lifted their price objective on Occidental Petroleum from $55.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Monday, March 16th. Capital One Financial decreased their target price on Occidental Petroleum from $69.00 to $67.00 and set an “equal weight” rating for the company in a report on Monday, April 13th. Roth Mkm raised their price target on Occidental Petroleum from $45.00 to $55.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 15th. Finally, Citigroup cut their price target on shares of Occidental Petroleum from $67.00 to $62.00 and set a “neutral” rating on the stock in a report on Friday, April 17th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $62.43.

Occidental Petroleum Price Performance

Shares of OXY stock opened at $53.03 on Friday. The business’s fifty day moving average is $58.02 and its 200 day moving average is $48.18. The company has a quick ratio of 0.74, a current ratio of 1.21 and a debt-to-equity ratio of 0.49. The stock has a market cap of $52.74 billion, a price-to-earnings ratio of 13.36 and a beta of 0.17. Occidental Petroleum Corporation has a twelve month low of $38.80 and a twelve month high of $67.45.

Occidental Petroleum (NYSE:OXY) last announced its quarterly earnings data on Tuesday, May 5th. The oil and gas producer reported $1.06 EPS for the quarter, beating the consensus estimate of $0.60 by $0.46. The business 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 9.65% and a net margin of 19.98%.The company’s revenue for the quarter was down 8.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.14 earnings per share. Research analysts expect that Occidental Petroleum Corporation will post 4.77 EPS for the current fiscal year.

Occidental Petroleum Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, June 10th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $1.04 annualized dividend and a yield of 2.0%. Occidental Petroleum’s payout ratio is presently 26.20%.

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.