Occidental Petroleum (NYSE:OXY) Shares Acquired Rep. Gilbert Ray Cisneros, Jr.

Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently bought shares of Occidental Petroleum Corporation (NYSE:OXY). In a filing disclosed on March 09th, the Representative disclosed that they had bought between $1,001 and $15,000 in Occidental Petroleum stock on February 10th. The trade occurred in the Representative’s “150 MAIN STREET TRUST > BANK OF AMERICA” account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Thermon Group (NYSE:THR) on 3/2/2026.
• Purchased $1,001 – $15,000 in shares of Federal Signal (NYSE:FSS) on 3/2/2026.
• Purchased $1,001 – $15,000 in shares of Taiwan Semiconductor Manufacturing (NYSE:TSM) on 2/26/2026.
• Sold $1,001 – $15,000 in shares of Uber Technologies (NYSE:UBER) on 2/24/2026.
• Sold $1,001 – $15,000 in shares of Robinhood Markets (NASDAQ:HOOD) on 2/24/2026.
• Purchased $1,001 – $15,000 in shares of Micron Technology (NASDAQ:MU) on 2/24/2026.
• Sold $1,001 – $15,000 in shares of Oracle (NYSE:ORCL) on 2/24/2026.
• Purchased $1,001 – $15,000 in shares of Champion Homes (NYSE:SKY) on 2/23/2026.
• Sold $1,001 – $15,000 in shares of Tri Pointe Homes (NYSE:TPH) on 2/23/2026.
• Sold $1,001 – $15,000 in shares of Xiaomi (OTCMKTS:XIACF) on 2/20/2026.

Occidental Petroleum Price Performance

NYSE:OXY traded up $0.43 during mid-day trading on Tuesday, reaching $57.68. 13,153,268 shares of the stock were exchanged, compared to its average volume of 14,996,803. The company has a current ratio of 0.94, a quick ratio of 0.74 and a debt-to-equity ratio of 0.73. The business has a fifty day moving average price of $47.85 and a 200 day moving average price of $44.67. Occidental Petroleum Corporation has a 1-year low of $34.78 and a 1-year high of $59.15. The firm has a market capitalization of $56.88 billion, a PE ratio of 35.82 and a beta of 0.34.

Occidental Petroleum (NYSE:OXY) last issued its quarterly earnings results on Wednesday, February 18th. The oil and gas producer reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates 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%. Occidental Petroleum’s revenue was down 5.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.80 EPS. Research analysts expect that Occidental Petroleum Corporation will post 3.58 earnings per share for the current fiscal year.

Occidental Petroleum Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 10th will be paid a dividend of $0.26 per share. This is an increase from Occidental Petroleum’s previous quarterly dividend of $0.24. This represents a $1.04 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Tuesday, March 10th. Occidental Petroleum’s dividend payout ratio (DPR) is 64.60%.

Wall Street Analysts Forecast Growth

OXY has been the subject of several recent research reports. UBS Group increased their target price on shares of Occidental Petroleum from $49.00 to $55.00 and gave the company a “neutral” rating in a research note on Thursday, March 5th. Scotiabank dropped their price target 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. Susquehanna raised 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. JPMorgan Chase & Co. lifted their target price on Occidental Petroleum from $42.00 to $49.00 and gave the stock an “underweight” rating in a report on Friday, February 20th. Finally, Mizuho boosted their target price on Occidental Petroleum from $67.00 to $72.00 and gave the stock an “outperform” rating in a research report on Tuesday. Nine investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $54.05.

Occidental Petroleum News Summary

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

• Positive Sentiment: Mizuho raised its price target on OXY from $67 to $72 and kept an “outperform” rating, citing stronger oil fundamentals — a meaningful upside signal for investors. Article Title
• Positive Sentiment: Benzinga highlights energy names that benefit from soaring crude amid the Iran war; Occidental, as a large E&P with scale, is positioned to gain from higher oil prices. 5 Oil and Gas Stocks That Benefit From Soaring Crude Prices
• Positive Sentiment: Macro note — Brent crude topping $103/bbl and continued Middle East tensions are lifting energy sector sentiment, supporting Occidental’s near-term earnings outlook. The Biggest Things Driving the S&P 500 Higher Despite $103 Oil Today
• Positive Sentiment: Supply disruption: the U.A.E. suspended operations at the Shah gas field after a drone strike, which tightens regional energy supply and can push energy prices higher — a tailwind for OXY. U.A.E. Suspends Operations at Gas Field After Drone Strike
• Neutral Sentiment: Barclays nudged its target up from $55 to $59 but kept an “equal weight” rating — a modest upgrade that suggests limited incremental upside from Barclays’ view. Barclays Price Target Note
• Negative Sentiment: Short-term caution: recent coverage from Yahoo Finance and Zacks noted a ~1.1% intraday close decline in OXY on March 16, indicating some near-term volatility or profit-taking despite broader market strength. Occidental Petroleum (OXY) Stock Declines Zacks Note

Institutional Investors Weigh In On Occidental Petroleum

Several hedge funds have recently made changes to their positions in OXY. Lighthouse Investment Partners LLC acquired a new stake in shares of Occidental Petroleum in the third quarter worth $22,345,000. DNB Asset Management AS raised its position in Occidental Petroleum by 100.3% during the third quarter. DNB Asset Management AS now owns 267,807 shares of the oil and gas producer’s stock valued at $12,654,000 after buying an additional 134,128 shares during the period. Swedbank AB purchased a new stake in Occidental Petroleum in the 3rd quarter worth about $35,517,000. Gifford Fong Associates lifted its stake in Occidental Petroleum by 41.2% in the 3rd quarter. Gifford Fong Associates now owns 171,429 shares of the oil and gas producer’s stock worth $8,100,000 after acquiring an additional 50,000 shares in the last quarter. Finally, Rakuten Investment Management Inc. acquired a new stake in Occidental Petroleum during the 3rd quarter worth about $1,072,000. Hedge funds and other institutional investors own 88.70% of the company’s stock.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California’s 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California’s 31st Congressional District. He declared candidacy for the 2026 election.

Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor’s degree in political science from George Washington University in 1994, a master’s in business administration from Regis University in 2002, and a master’s degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

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.