98,172 Shares in Occidental Petroleum Corporation $OXY Acquired by Elevatus Welath Management

Elevatus Welath Management acquired a new stake in Occidental Petroleum Corporation (NYSE:OXY) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 98,172 shares of the oil and gas producer’s stock, valued at approximately $4,639,000. Occidental Petroleum makes up 1.3% of Elevatus Welath Management’s investment portfolio, making the stock its 22nd largest position.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Occidental Petroleum by 10.3% in the second quarter. Vanguard Group Inc. now owns 88,504,019 shares of the oil and gas producer’s stock valued at $3,718,054,000 after purchasing an additional 8,273,030 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Occidental Petroleum by 22.0% during the 2nd quarter. Geode Capital Management LLC now owns 18,089,878 shares of the oil and gas producer’s stock worth $756,796,000 after buying an additional 3,267,269 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Occidental Petroleum by 11.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 8,718,939 shares of the oil and gas producer’s stock worth $412,045,000 after buying an additional 900,677 shares in the last quarter. Swedbank AB purchased a new stake in shares of Occidental Petroleum in the 3rd quarter worth about $35,517,000. Finally, American Century Companies Inc. grew its stake in Occidental Petroleum by 22.3% in the 2nd quarter. American Century Companies Inc. now owns 3,552,655 shares of the oil and gas producer’s stock valued at $149,247,000 after acquiring an additional 647,243 shares during the last quarter. 88.70% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on OXY shares. Citigroup cut their target price on shares of Occidental Petroleum from $49.00 to $45.00 and set a “neutral” rating for the company in a research report on Wednesday, November 19th. Wells Fargo & Company raised their price objective on shares of Occidental Petroleum from $40.00 to $47.00 and gave the stock an “underweight” rating in a research note on Friday, February 20th. HSBC lifted their price objective on Occidental Petroleum from $54.00 to $59.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Piper Sandler increased their target price on Occidental Petroleum from $47.00 to $54.00 and gave the company a “neutral” rating in a report on Thursday, March 5th. Finally, BMO Capital Markets raised their price target on Occidental Petroleum from $48.00 to $60.00 and gave the stock a “market perform” rating in a research report on Monday, February 23rd. Seven investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $51.86.

Key Headlines Impacting Occidental Petroleum

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

• Positive Sentiment: Occidental disclosed a US$1.20 billion debt tender and proposed covenant changes — moves that can reduce near‑term refinancing risk and improve balance‑sheet flexibility, helping credit-sensitive investors. Should Occidental’s US$1.20 Billion Debt Tender and Covenant Changes Require Action From OXY Investors?
• Positive Sentiment: Short interest fell meaningfully in February (down ~12.6% to ~28.8M shares), reducing one source of downside pressure and the risk of short-squeeze volatility. This supports a firmer near-term technical setup. (data item)
• Positive Sentiment: Options activity shows elevated call volume and bullish directional flows, indicating trader interest in upside exposure ahead of catalysts (earnings/guidance/debt actions). Occidental Petroleum call volume above normal and directionally bullish
• Neutral Sentiment: Goldman Sachs raised its price target from $41 to $54 but kept a “sell” rating — the target lift narrows downside but the sell stance signals continued caution from that shop. Benzinga
• Neutral Sentiment: Street research and fair‑value estimates are moving into the mid‑to‑high $50s as analysts reprice 2026 guidance and oil assumptions; this clusters expectations closer to current levels and may limit large rating surprises. How The Occidental Petroleum (OXY) Narrative Is Shifting With New Targets And 2026 Guidance
• Neutral Sentiment: Recent quarterly results showed an EPS beat but a revenue miss and mixed margins — fundamentals support the dividend and buyback story but leave growth sensitivity tied to oil prices. (company filings)
• Negative Sentiment: President Trump said he would tap the Strategic Petroleum Reserve to lower energy costs amid the Iran war — a reserve release would put downward pressure on crude and weigh on oil-weighted names like OXY. Iran war: Trump says he’ll tap Strategic Petroleum Reserve to cut energy costs
• Negative Sentiment: Geopolitical headlines — notably Iran’s appointment of a harder-line new supreme leader — are keeping oil-price volatility high; while this can lift prices at times, persistent uncertainty fuels swings that can hurt OXY’s trading performance. Five things to know about Iran’s new supreme leader, Mojtaba Khamenei
• Negative Sentiment: Analyst pieces arguing the “war premium” is fading and that Exxon may be a better play suggest some rotation within large-cap oil names; sector commentary like this can cap OXY’s re-rating if capital flows shift elsewhere. The War Premium Is Fading: Why I Favor Exxon Mobil Over Occidental Petroleum
• Negative Sentiment: Coverage noting a sharp crude pullback earlier this week explains prior single‑day OXY weakness — oil whiplash is the main short-term risk for the stock. Occidental Petroleum falls 3.1% as oil prices reverse lower amid Middle East-driven volatility

Insider Activity

In related news, Director William R. Klesse bought 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 16th. The shares were acquired at an average cost of $38.98 per share, with a total value of $194,900.00. Following the completion of the transaction, the director owned 218,913 shares of the company’s stock, valued at approximately $8,533,228.74. The trade was a 2.34% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.31% of the company’s stock.

Occidental Petroleum Stock Performance

NYSE:OXY opened at $55.55 on Thursday. 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 firm has a market cap of $54.78 billion, a PE ratio of 34.50 and a beta of 0.34. The firm has a 50 day simple moving average of $46.87 and a 200-day simple moving average of $44.45. Occidental Petroleum Corporation has a 1-year low of $34.78 and a 1-year high of $56.34.

Occidental Petroleum (NYSE:OXY) last announced its earnings results on Wednesday, February 18th. The oil and gas producer reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.13. The firm had revenue of $5.11 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter last year, the business earned $0.80 earnings per share. On average, equities analysts expect 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 issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Tuesday, March 10th. This is an increase from Occidental Petroleum’s previous quarterly dividend of $0.24. Occidental Petroleum’s payout ratio 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.