Occidental Petroleum Corporation $OXY Shares Sold by Level Four Advisory Services LLC

Level Four Advisory Services LLC cut its stake in shares of Occidental Petroleum Corporation (NYSE:OXY) by 9.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 159,206 shares of the oil and gas producer’s stock after selling 16,170 shares during the period. Level Four Advisory Services LLC’s holdings in Occidental Petroleum were worth $7,523,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in OXY. City Holding Co. increased its holdings in Occidental Petroleum by 250.0% during the 3rd quarter. City Holding Co. now owns 700 shares of the oil and gas producer’s stock worth $33,000 after purchasing an additional 500 shares during the period. Hantz Financial Services Inc. lifted its holdings in shares of Occidental Petroleum by 1,193.9% in the 2nd quarter. Hantz Financial Services Inc. now owns 854 shares of the oil and gas producer’s stock valued at $36,000 after purchasing an additional 788 shares during the last quarter. GoalVest Advisory LLC purchased a new position in Occidental Petroleum during the 3rd quarter worth $38,000. Tripletail Wealth Management LLC purchased a new stake in shares of Occidental Petroleum in the third quarter valued at approximately $49,000. Finally, Sumitomo Mitsui Financial Group Inc. acquired a new stake in shares of Occidental Petroleum in the 2nd quarter worth approximately $51,000. 88.70% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Occidental Petroleum

In other news, Director William R. Klesse bought 5,000 shares of the stock in a transaction on Tuesday, December 16th. The stock was purchased at an average price of $38.98 per share, with a total value of $194,900.00. Following the completion of the purchase, the director 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 ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.49% of the company’s stock.

Occidental Petroleum Trading Up 2.1%

NYSE:OXY opened at $54.20 on Tuesday. Occidental Petroleum Corporation has a 1-year low of $34.78 and a 1-year high of $56.34. The company has a quick ratio of 0.74, a current ratio of 0.94 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $53.46 billion, a price-to-earnings ratio of 33.67 and a beta of 0.34. The stock has a fifty day simple moving average of $44.96 and a 200 day simple moving average of $43.99.

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

Occidental Petroleum Increases Dividend

The business also recently disclosed 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 boost from Occidental Petroleum’s previous quarterly dividend of $0.24. This represents a $1.04 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Tuesday, March 10th. Occidental Petroleum’s dividend payout ratio is currently 59.63%.

Analyst Ratings Changes

A number of brokerages recently commented on OXY. Piper Sandler increased their price objective on shares of Occidental Petroleum from $46.00 to $47.00 and gave the company a “neutral” rating in a research note on Wednesday, January 28th. Barclays boosted their price target on Occidental Petroleum from $50.00 to $55.00 and gave the company an “equal weight” rating in a report on Monday, February 23rd. Roth Mkm lifted their price target on Occidental Petroleum from $39.00 to $45.00 and gave the company a “neutral” rating in a report on Friday, February 20th. Zacks Research downgraded shares of Occidental Petroleum from a “hold” rating to a “strong sell” rating in a research note on Monday, January 26th. Finally, Scotiabank cut their price objective on Occidental Petroleum from $47.00 to $46.00 and set a “sector perform” rating on the stock in a report on Friday, January 16th. Seven analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and six have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $50.62.

Occidental Petroleum News Roundup

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

• Positive Sentiment: Oil-price surge tied to Middle East tensions is lifting OXY because higher crude supports oil producers’ revenue and cash flow. OXY Stock Soars in Premarket on Oil Rally Amid Middle East Tensions
• Positive Sentiment: Coverage highlighting the geopolitical shock (U.S.-Israel action on Iran) and related oil upside increases the likelihood of upgrades and re-rating for large oil names including OXY. 2 Surging Oil Stocks Ripe for Overdue Upgrades
• Positive Sentiment: Argus raised its view on Occidental, giving an analyst upgrade that can attract buyers and support the rally. Occidental Petroleum (NYSE:OXY) Upgraded at Argus
• Positive Sentiment: Macro analysis warning of a potential worst‑case oil scenario (Strait of Hormuz disruptions, $100 crude) underpins expectations for sustained higher prices that benefit OXY’s earnings outlook. Oil’s Worst Case Scenario Is Here. $100 Crude Could Be Coming.
• Neutral Sentiment: Investor guidance pieces and buy/hold analyses (The Motley Fool) reiterate long‑term cash‑flow and debt reduction progress at OXY — supportive context but not an immediate catalyst. Occidental Petroleum: Buy, Sell, or Hold? 2 No-Brainer Energy Stocks to Buy Right Now
• Neutral Sentiment: Occidental’s large February debt tender is a material corporate action: it could lower interest expense if successful but also focuses markets on capital allocation and cash use. Expect near-term volatility as investors digest the details. Occidental Debt Tender Puts Balance Sheet And Valuation In Spotlight
• Negative Sentiment: Media coverage noting writedowns tied to Berkshire/Hathaway reporting (and prior noncash adjustments) keeps a cautionary spotlight on OXY’s valuation and past mark‑to‑market noise — a reminder of headline risk despite operational strength. Berkshire Hathaway profit falls on lower insurance income, Occidental writedown

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.