Regal Partners Ltd Invests $6.62 Million in Occidental Petroleum Corporation $OXY

Regal Partners Ltd purchased a new stake in shares of Occidental Petroleum Corporation (NYSE:OXY) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 140,000 shares of the oil and gas producer’s stock, valued at approximately $6,615,000. Occidental Petroleum comprises 0.5% of Regal Partners Ltd’s holdings, making the stock its 29th biggest holding.

Several other institutional investors have also added to or reduced their stakes in the company. CreativeOne Wealth LLC increased its position in shares of Occidental Petroleum by 4.3% in the third quarter. CreativeOne Wealth LLC now owns 61,749 shares of the oil and gas producer’s stock valued at $2,918,000 after acquiring an additional 2,557 shares during the period. Natixis Advisors LLC raised its stake in shares of Occidental Petroleum by 23.9% during the third quarter. Natixis Advisors LLC now owns 208,661 shares of the oil and gas producer’s stock valued at $9,859,000 after acquiring an additional 40,262 shares during the last quarter. First Trust Advisors LP boosted its holdings in shares of Occidental Petroleum by 0.7% during the third quarter. First Trust Advisors LP now owns 1,111,281 shares of the oil and gas producer’s stock worth $52,508,000 after purchasing an additional 8,168 shares during the period. Modern Wealth Management LLC grew its stake in shares of Occidental Petroleum by 216.4% in the third quarter. Modern Wealth Management LLC now owns 23,278 shares of the oil and gas producer’s stock worth $1,100,000 after purchasing an additional 15,922 shares during the last quarter. Finally, Integrity Advisory Solutions LLC purchased a new position in Occidental Petroleum during the 3rd quarter valued at about $258,000. Hedge funds and other institutional investors own 88.70% of the company’s stock.

Insider Activity at Occidental Petroleum

In other Occidental Petroleum news, Director William R. Klesse bought 5,000 shares of the company’s stock in a transaction dated Tuesday, December 16th. The shares were purchased at an average price of $38.98 per share, for a total transaction of $194,900.00. Following the acquisition, the director owned 218,913 shares in the company, valued at approximately $8,533,228.74. This represents a 2.34% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.31% of the company’s stock.

Occidental Petroleum Stock Up 2.0%

OXY stock opened at $54.28 on Friday. Occidental Petroleum Corporation has a fifty-two week low of $34.78 and a fifty-two week high of $56.34. The company has a market capitalization of $53.53 billion, a price-to-earnings ratio of 33.71 and a beta of 0.34. The business’s 50 day moving average price is $46.06 and its two-hundred day moving average price is $44.25. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.74 and a current ratio of 0.94.

Occidental Petroleum (NYSE:OXY) last released its earnings results on Wednesday, February 18th. The oil and gas producer reported $0.31 EPS 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 analysts’ expectations of $6.02 billion. Occidental Petroleum had a return on equity of 9.89% and a net margin of 9.14%.The firm’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.80 EPS. As a group, analysts forecast that Occidental Petroleum Corporation will post 3.58 earnings per share for the current fiscal year.

Occidental Petroleum Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 10th will be given 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 1.9%. The ex-dividend date of this dividend is Tuesday, March 10th. Occidental Petroleum’s payout ratio is 64.60%.

More Occidental Petroleum News

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

• Positive Sentiment: Geopolitical risk: Reports of an Iranian tanker strike near Kuwait and broader Middle East conflict concerns are pushing oil prices and lifting shares of oil producers, benefiting OXY. Occidental Petroleum Stock Rises Amid Middle East Conflict Concerns
• Positive Sentiment: Rising oil prices: Recent rallies in crude have been a primary catalyst for OXY’s move higher — energy leverage means rising WTI boosts Occidental’s revenues and margins. Why Occidental Petroleum Stock Rocketed Nearly 17% in February
• Positive Sentiment: Unusual bullish options flow: Traders bought ~120,397 OXY calls (up ~96% vs. average), signaling strong speculative bullish interest and potential further upside pressure on the stock as market participants position for higher oil/stock levels.
• Positive Sentiment: Investor confidence / narrative tailwinds: Coverage highlighting Warren Buffett’s stake and bullish thesis (Occidental’s strategic reset, divestitures, and Berkshire backing) is reinforcing investor demand for OXY as an oil-exposure play. Warren Buffett’s Oil Bet Looks Genius, Here Is What to Buy Next
• Positive Sentiment: Debt management: Occidental announced and updated cash tender offers and consent solicitations for several senior notes and increased the aggregate cap on purchases — moves that reduce outstanding debt and are generally viewed positively by bond and equity investors. Occidental Announces Total Consideration for its Cash Tender Offers…
• Neutral Sentiment: Early tender results / upsized offer: Occidental reported early tender results and increased the maximum aggregate principal amount it will accept — this signals active liability management but uses cash, so the net impact depends on financing and future cash flow. Occidental Announces Early Tender Results and Upsize…
• Neutral Sentiment: Analyst target moves: UBS and Piper Sandler each raised OXY price targets (UBS to $55, Piper Sandler to $54) but maintained neutral ratings — modestly supportive for the stock, though not a full upgrade. Benzinga
• Neutral Sentiment: Sector commentary and attention: MarketBeat, Zacks, and other outlets are spotlighting OXY as a high-conviction energy play amid supply concerns; useful for retail/institutional interest but not an immediate earnings driver. Chaos & Crude: 3 Energy Stocks Built to Thrive…

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Scotiabank dropped their price objective on Occidental Petroleum from $47.00 to $46.00 and set a “sector perform” rating for the company in a report on Friday, January 16th. Wells Fargo & Company boosted their target price on Occidental Petroleum from $40.00 to $47.00 and gave the company an “underweight” rating in a research note on Friday, February 20th. Jefferies Financial Group upped their target price on Occidental Petroleum from $42.00 to $47.00 and gave the company a “hold” rating in a report on Monday, February 23rd. Argus upgraded shares of Occidental Petroleum to a “hold” rating in a report on Friday, February 27th. Finally, Citigroup reduced their price objective on shares of Occidental Petroleum from $49.00 to $45.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 19th. Seven research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $51.24.

Occidental Petroleum Company 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.