Gifford Fong Associates Boosts Holdings in Occidental Petroleum Corporation $OXY

Gifford Fong Associates grew its position in Occidental Petroleum Corporation (NYSE:OXY) by 41.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 171,429 shares of the oil and gas producer’s stock after acquiring an additional 50,000 shares during the quarter. Occidental Petroleum comprises about 1.7% of Gifford Fong Associates’ portfolio, making the stock its 14th largest position. Gifford Fong Associates’ holdings in Occidental Petroleum were worth $8,100,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in OXY. Vanguard Personalized Indexing Management LLC boosted its position in Occidental Petroleum by 77.6% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 139,086 shares of the oil and gas producer’s stock valued at $5,843,000 after acquiring an additional 60,793 shares in the last quarter. Tevis Investment Management bought a new stake in Occidental Petroleum during the second quarter valued at about $356,000. Swedbank AB purchased a new position in Occidental Petroleum in the third quarter valued at about $35,517,000. Nordea Investment Management AB raised its holdings in Occidental Petroleum by 4.9% in the second quarter. Nordea Investment Management AB now owns 459,826 shares of the oil and gas producer’s stock worth $19,446,000 after purchasing an additional 21,393 shares in the last quarter. Finally, Aberdeen Group plc lifted its position in shares of Occidental Petroleum by 4.4% during the second quarter. Aberdeen Group plc now owns 731,158 shares of the oil and gas producer’s stock valued at $30,716,000 after buying an additional 30,746 shares during the last quarter. 88.70% of the stock is currently owned by institutional investors.

Insider Activity

In other Occidental Petroleum news, Director William R. Klesse bought 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 16th. The stock was bought at an average cost of $38.98 per share, for a total transaction of $194,900.00. Following the completion of the transaction, the director directly owned 218,913 shares of the company’s stock, valued at approximately $8,533,228.74. This trade represents a 2.34% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.49% of the stock is currently owned by company insiders.

Occidental Petroleum Stock Up 0.7%

Occidental Petroleum stock opened at $44.88 on Thursday. The business’s 50-day simple moving average is $41.81 and its two-hundred day simple moving average is $43.32. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.71 and a current ratio of 0.94. The company has a market cap of $44.21 billion, a PE ratio of 33.00 and a beta of 0.38. Occidental Petroleum Corporation has a fifty-two week low of $34.78 and a fifty-two week high of $52.58.

Occidental Petroleum (NYSE:OXY) last released its earnings results on Monday, November 10th. The oil and gas producer reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.16. Occidental Petroleum had a return on equity of 12.35% and a net margin of 7.81%.The firm had revenue of $6.62 billion during the quarter, compared to the consensus estimate of $6.66 billion. During the same quarter in the previous year, the company posted $1.00 earnings per share. The company’s revenue was down 6.1% compared to the same quarter last year. Equities analysts anticipate that Occidental Petroleum Corporation will post 3.58 EPS for the current year.

Occidental Petroleum Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 10th were paid a $0.24 dividend. The ex-dividend date was Wednesday, December 10th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.1%. Occidental Petroleum’s dividend payout ratio is presently 70.59%.

Analyst Upgrades and Downgrades

Several research firms recently commented on OXY. HSBC reduced their price objective on shares of Occidental Petroleum from $55.00 to $54.00 and set a “buy” rating for the company in a research note on Wednesday, November 12th. Barclays assumed coverage on Occidental Petroleum in a report on Wednesday, January 21st. They set an “equal weight” rating for the company. The Goldman Sachs Group dropped their target price on Occidental Petroleum from $43.00 to $41.00 and set a “sell” rating on the stock in a research note on Thursday, January 22nd. UBS Group decreased their price target on Occidental Petroleum from $45.00 to $43.00 and set a “neutral” rating for the company in a research note on Friday, December 12th. Finally, Roth Mkm boosted their price target on Occidental Petroleum from $45.00 to $46.00 and gave the stock a “neutral” rating in a research note on Thursday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eleven have assigned a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $47.43.

Occidental Petroleum News Roundup

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

• Positive Sentiment: Piper Sandler raised its price target to $47 (from $46) and maintained a neutral rating — a modest upside to the stock’s current level that can provide short‑term support. Piper Sandler raises PT to $47 (Benzinga)
• Positive Sentiment: Coverage pieces highlighting Occidental’s strong five‑year return (cited ~129% gain) reinforce longer‑term investor confidence and may attract buyers focused on historic performance. Investors in Occidental Petroleum have seen strong returns (Yahoo)
• Neutral Sentiment: Heightened investor interest/search activity around OXY has been reported (more eyeballs can amplify volatility but is not a directional catalyst by itself). Investors Heavily Search Occidental Petroleum (Zacks)
• Negative Sentiment: Zacks Research downgraded OXY to a “Strong Sell” and lowered multiple quarterly and full‑year EPS estimates for 2026–2027 (several downward revisions across Q1–Q4 2026 and FY2026–FY2027). This is the primary near‑term negative catalyst and likely the main reason for selling pressure in parts of the session. Zacks downgrades to Strong Sell and trims EPS outlook (Zacks)
• Negative Sentiment: Susquehanna has lowered its expectations for OXY’s stock price, adding another analyst note that could weigh on sentiment and limit buying interest until clearer fundamentals or guidance emerge. Susquehanna lowers expectations for Occidental (AmericanBankingNews)

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.