Norden Group LLC Has $1.17 Million Stock Holdings in Occidental Petroleum Corporation $OXY

Norden Group LLC trimmed its holdings in shares of Occidental Petroleum Corporation (NYSE:OXY) by 28.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 28,529 shares of the oil and gas producer’s stock after selling 11,589 shares during the period. Norden Group LLC’s holdings in Occidental Petroleum were worth $1,173,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Woodline Partners LP raised its position in Occidental Petroleum by 40.7% in the first quarter. Woodline Partners LP now owns 57,079 shares of the oil and gas producer’s stock worth $2,817,000 after purchasing an additional 16,506 shares in the last quarter. J.W. Cole Advisors Inc. boosted its holdings in Occidental Petroleum by 32.1% during the second quarter. J.W. Cole Advisors Inc. now owns 14,600 shares of the oil and gas producer’s stock valued at $613,000 after purchasing an additional 3,547 shares in the last quarter. Choreo LLC boosted its holdings in Occidental Petroleum by 35.0% during the second quarter. Choreo LLC now owns 59,969 shares of the oil and gas producer’s stock valued at $2,533,000 after purchasing an additional 15,536 shares in the last quarter. Quadrant Capital Group LLC grew its stake in shares of Occidental Petroleum by 141.9% in the 2nd quarter. Quadrant Capital Group LLC now owns 23,969 shares of the oil and gas producer’s stock valued at $1,007,000 after purchasing an additional 14,061 shares during the period. Finally, Sumitomo Mitsui Financial Group Inc. acquired a new position in shares of Occidental Petroleum in the 2nd quarter worth approximately $51,000. 88.70% of the stock is currently owned by institutional investors and hedge funds.

Occidental Petroleum Stock Up 1.5%

NYSE OXY opened at $65.32 on Friday. The stock’s 50 day simple moving average is $51.14 and its 200 day simple moving average is $45.59. Occidental Petroleum Corporation has a one year low of $34.78 and a one year high of $66.00. The firm has a market cap of $64.77 billion, a PE ratio of 40.57 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.

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, beating the consensus estimate of $0.18 by $0.13. The firm had revenue of $5.11 billion during the quarter, compared to the consensus estimate of $6.02 billion. Occidental Petroleum had a return on equity of 9.89% and a net margin of 9.14%.The business’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.80 EPS. As a group, sell-side analysts forecast that Occidental Petroleum Corporation will post 3.58 earnings per share for the current fiscal year.

Occidental Petroleum Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 10th will be issued a $0.26 dividend. This is a positive change from Occidental Petroleum’s previous quarterly dividend of $0.24. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Tuesday, March 10th. Occidental Petroleum’s dividend payout ratio (DPR) is presently 64.60%.

Analysts Set New Price Targets

Several equities analysts recently commented on OXY shares. Wall Street Zen upgraded Occidental Petroleum from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. Susquehanna increased their price objective on Occidental Petroleum from $51.00 to $60.00 and gave the stock a “positive” rating in a research note on Friday, February 20th. Mizuho lifted their price objective on Occidental Petroleum from $67.00 to $72.00 and gave the company an “outperform” rating in a report on Tuesday, March 17th. The Goldman Sachs Group boosted their target price on shares of Occidental Petroleum from $41.00 to $54.00 and gave the company a “sell” rating in a research note on Wednesday, March 11th. Finally, Truist Financial began coverage on shares of Occidental Petroleum in a report on Tuesday. They issued a “hold” rating and a $65.00 target price on the stock. Nine equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Occidental Petroleum currently has a consensus rating of “Hold” and a consensus price target of $55.59.

Trending Headlines about Occidental Petroleum

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

• Positive Sentiment: Management and strategic shift: OXY announced a planned CEO transition (Vicki Hollub to retire, COO Richard Jackson to succeed) alongside completion of the roughly $9.7B sale of OxyChem — proceeds earmarked to pay down debt and refocus capital on core oil & gas, a clear catalyst for investor enthusiasm. Occidental Petroleum (OXY) Is Up 8.0% After CEO Transition And OxyChem Sale Announcement – Has The Bull Case Changed?
• Positive Sentiment: Momentum reaction: the leadership news sent OXY to a fresh 52-week high as traders bought the governance clarity and balance-sheet improvement narrative. Occidental Petroleum (OXY) Soars to 52-Week High on Leadership Transition
• Positive Sentiment: Big-bank view: J.P. Morgan moved OXY to a Hold, a modest upgrade that reduces near-term analyst uncertainty and supports the stock rebound by signaling less downside from here. J.P. Morgan upgrades Occidental Petroleum (OXY) to a Hold
• Positive Sentiment: Technical/momentum interest: several market pieces highlight OXY as a strong momentum name after a sharp YTD rally, attracting trend-following flows. Here’s Why Occidental Petroleum (OXY) is a Strong Momentum Stock
• Neutral Sentiment: Analyst/coverage noise: TD Cowen’s Hold and new coverage from Truist are adding research flow but no clear consensus upgrade-to-buy signal yet — keeps volatility possible as investors parse differing views. Occidental Petroleum (OXY) Receives a Hold from TD Cowen
• Neutral Sentiment: Context on gains: analysts and outlets note OXY is up roughly ~58% YTD — raises valuation/mean-reversion questions even as momentum persists. Up 58% in 2026, Is It Too Late to Buy Occidental Petroleum?
• Negative Sentiment: Legacy performance critique: some coverage highlights that Hollub’s tenure “hasn’t been good for investors,” reminding market participants that governance change alone doesn’t erase past capital allocation concerns; risk remains if new leadership doesn’t improve returns. Hollub’s Tenure as Occidental CEO May Be Ending. It Hasn’t Been Good for Investors.

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.