Gradient Investments LLC Has $1.24 Million Stake in Occidental Petroleum Corporation $OXY

Gradient Investments LLC cut its holdings in shares of Occidental Petroleum Corporation (NYSE:OXY) by 23.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,110 shares of the oil and gas producer’s stock after selling 9,007 shares during the period. Gradient Investments LLC’s holdings in Occidental Petroleum were worth $1,238,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. 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 valued at $33,000 after buying an additional 500 shares in the last quarter. Binnacle Investments Inc acquired a new position in shares of Occidental Petroleum during the third quarter worth approximately $35,000. GoalVest Advisory LLC bought a new stake in shares of Occidental Petroleum during the third quarter valued at approximately $38,000. Tripletail Wealth Management LLC acquired a new stake in shares of Occidental Petroleum in the third quarter valued at approximately $49,000. Finally, JPL Wealth Management LLC acquired a new stake in shares of Occidental Petroleum in the 3rd quarter valued at $52,000. Institutional investors and hedge funds own 88.70% of the company’s stock.

Key Stories Impacting Occidental Petroleum

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

• Positive Sentiment: Analyst / comparison pieces argue OXY stands to benefit more than some Permian peers from oil-price spikes due to limited hedging (boosting near-term cash flow) and stronger earnings revisions — a structural reason for relative outperformance. DVN vs. OXY: Which Permian Stock Benefits More From Oil Price Spikes?
• Positive Sentiment: JPMorgan/other broker activity: recent upgrade/newsflow (reported 3/23) and coverage comparisons have supported investor interest and momentum in OXY. Occidental Petroleum Upgraded at JPMorgan Chase & Co.
• Positive Sentiment: Macro headlines (reported pre-market) — constructive U.S.-Iran diplomatic comments — lifted crude futures and oil-linked names, providing a tailwind to OXY shares. Pre-Market Turns Green
• Positive Sentiment: Market commentary and screens are including OXY among oil stocks with outsized upside potential amid the recent crude rally, which can attract momentum and thematic inflows. 3 Oil Stocks Set to Deliver 50%+ Returns in 2026
• Neutral Sentiment: Truist initiated coverage with a “Hold” and $65 price target (modest upside vs. the current level) — a neutral signal that may cap short-term upside until clearer catalysts emerge. Benzinga Coverage Note
• Neutral Sentiment: Several articles ask whether the recent run makes OXY fully valued now; these pieces can temper new-money flows even as momentum remains. Is It Too Late To Consider Occidental Petroleum?
• Negative Sentiment: Company fundamentals to watch: last reported quarter beat EPS but missed revenue and year-over-year revenue was down; those execution/volume signals could restrain valuation if higher oil prices don’t translate into sustainable top-line growth. (Quarterly details reported Feb 18.)

Wall Street Analysts Forecast Growth

OXY has been the topic of a number of research reports. Truist Financial began coverage on shares of Occidental Petroleum in a research report on Tuesday. They set a “hold” rating and a $65.00 target price on the stock. Barclays lifted their target price on shares of Occidental Petroleum from $55.00 to $59.00 and gave the stock an “equal weight” rating in a report on Monday, March 16th. JPMorgan Chase & Co. raised Occidental Petroleum from an “underweight” rating to a “neutral” rating and set a $63.00 price objective for the company in a research note on Friday, March 20th. The Goldman Sachs Group increased their target price on Occidental Petroleum from $41.00 to $54.00 and gave the company a “sell” rating in a research note on Wednesday, March 11th. Finally, BMO Capital Markets upped their price target on Occidental Petroleum from $48.00 to $60.00 and gave the company a “market perform” rating in a research note on Monday, February 23rd. Nine analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $55.59.

Occidental Petroleum Stock Up 1.4%

Shares of Occidental Petroleum stock opened at $61.18 on Wednesday. The company has a market capitalization of $60.67 billion, a P/E ratio of 38.00 and a beta of 0.34. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.94 and a quick ratio of 0.74. The business has a 50-day moving average of $49.92 and a two-hundred day moving average of $45.21. Occidental Petroleum Corporation has a 1 year low of $34.78 and a 1 year high of $62.11.

Occidental Petroleum (NYSE:OXY) last issued its quarterly earnings data on Wednesday, February 18th. The oil and gas producer reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.13. The company had revenue of $5.11 billion during the quarter, compared to the consensus estimate of $6.02 billion. Occidental Petroleum had a net margin of 9.14% and a return on equity of 9.89%. The firm’s revenue was down 5.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.80 earnings per share. As a group, equities analysts predict that Occidental Petroleum Corporation will post 3.58 EPS for the current year.

Occidental Petroleum Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 10th will be paid a dividend of $0.26 per share. The ex-dividend date is Tuesday, March 10th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.7%. This is an increase from Occidental Petroleum’s previous quarterly dividend of $0.24. Occidental Petroleum’s dividend payout ratio (DPR) 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.