10,063 Occidental Petroleum Corporation $OXY Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund reduced its holdings in Occidental Petroleum Corporation (NYSE:OXY) by 4.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 229,646 shares of the oil and gas producer’s stock after selling 10,063 shares during the period. Illinois Municipal Retirement Fund’s holdings in Occidental Petroleum were worth $12,704,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Evergreen Capital Management LLC raised its position in shares of Occidental Petroleum by 2.7% during the 3rd quarter. Evergreen Capital Management LLC now owns 5,929 shares of the oil and gas producer’s stock valued at $330,000 after acquiring an additional 155 shares during the last quarter. Venture Visionary Partners LLC boosted its position in shares of Occidental Petroleum by 2.2% in the 3rd quarter. Venture Visionary Partners LLC now owns 9,639 shares of the oil and gas producer’s stock worth $533,000 after purchasing an additional 203 shares during the last quarter. Elevation Wealth Partners LLC boosted its position in shares of Occidental Petroleum by 15.8% in the 2nd quarter. Elevation Wealth Partners LLC now owns 1,615 shares of the oil and gas producer’s stock worth $78,000 after purchasing an additional 220 shares during the last quarter. HBK Sorce Advisory LLC grew its stake in shares of Occidental Petroleum by 2.8% during the second quarter. HBK Sorce Advisory LLC now owns 8,210 shares of the oil and gas producer’s stock worth $442,000 after purchasing an additional 220 shares during the period. Finally, CWA Asset Management Group LLC grew its stake in shares of Occidental Petroleum by 1.4% during the third quarter. CWA Asset Management Group LLC now owns 16,957 shares of the oil and gas producer’s stock worth $938,000 after purchasing an additional 227 shares during the period. 88.70% of the stock is owned by institutional investors.

Occidental Petroleum Price Performance

Shares of OXY stock opened at $57.28 on Thursday. The company has a quick ratio of 1.13, a current ratio of 1.38 and a debt-to-equity ratio of 0.33. Occidental Petroleum Corporation has a 12-month low of $38.80 and a 12-month high of $67.45. The firm has a fifty day moving average of $59.84 and a 200-day moving average of $56.48. The firm has a market capitalization of $57.28 billion, a price-to-earnings ratio of 10.02, a price-to-earnings-growth ratio of 0.66 and a beta of 0.16.

Occidental Petroleum (NYSE:OXY) last issued its quarterly earnings data on Monday, November 9th. The oil and gas producer reported $1.91 EPS for the quarter, topping the consensus estimate of $1.46 by $0.45. The business had revenue of $6.77 billion for the quarter, compared to the consensus estimate of $6.82 billion. Occidental Petroleum had a return on equity of 18.55% and a net margin of 32.17%. The firm’s revenue was up 20.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.64 EPS. On average, equities research analysts forecast that Occidental Petroleum Corporation will post 6.83 earnings per share for the current year.

Occidental Petroleum Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 15th. Shareholders of record on Thursday, December 10th will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Thursday, December 10th. Occidental Petroleum’s dividend payout ratio is 17.34%.

Occidental Petroleum News Summary

Investors following OXY have been watching these news items:

• Positive Sentiment: Management’s debt plan is a key catalyst: Occidental says it reduced debt by $10.4 billion in 2026 and is targeting $6 billion. It also outlined $700–800 million in sustainable cash-flow improvement for 2027, potentially supporting stronger shareholder returns. Occidental Q3 earnings call centers on debt cuts and cash flow
• Positive Sentiment: Wells Fargo maintained an “overweight” rating, despite lowering its price target to $76 from $82—still implying substantial upside relative to the cited share price. Wells Fargo analyst recommendations
• Negative Sentiment: Weaker crude prices and ongoing oil-price risk could pressure cash flow, tempering the benefit of debt reduction and production performance. Occidental shares rise as debt milestone sharpens focus on oil-price risk

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Piper Sandler started coverage on Occidental Petroleum in a research note on Tuesday, October 27th. They issued a “neutral” rating and a $69.00 target price on the stock. Seaport Research Partners began coverage on Occidental Petroleum in a research report on Thursday, September 3rd. They set a “buy” rating and a $73.00 target price for the company. Wall Street Zen upgraded Occidental Petroleum from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 10th. Stephens upped their price target on Occidental Petroleum from $78.00 to $80.00 and gave the company an “overweight” rating in a research note on Monday, October 19th. Finally, Truist Financial increased their price target on shares of Occidental Petroleum from $63.00 to $64.00 and gave the company a “hold” rating in a research report on Thursday, October 15th. Twelve research analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the stock. According to data from MarketBeat, Occidental Petroleum currently has a consensus rating of “Hold” and an average target price of $67.62.

About Occidental Petroleum

Occidental Petroleum Corporation is an energy and chemicals company headquartered in Houston, Texas. Its oil and gas business explores for and produces crude oil, natural gas liquids and natural gas, with operations in the United States and international markets, including the Middle East and North Africa. Through its OxyChem business, Occidental manufactures and markets basic chemicals and vinyl products used in applications such as water treatment, construction and consumer goods. The company also develops carbon management and lower-carbon technology projects, including carbon capture and storage.