Occidental Petroleum Corporation $OXY Shares Sold by Solitude Financial Services

Solitude Financial Services trimmed its position in Occidental Petroleum Corporation (NYSE:OXY) by 48.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,020 shares of the oil and gas producer’s stock after selling 9,500 shares during the period. Solitude Financial Services’ holdings in Occidental Petroleum were worth $412,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. City Holding Co. lifted its stake in shares of Occidental Petroleum by 250.0% in the 3rd quarter. City Holding Co. now owns 700 shares of the oil and gas producer’s stock worth $33,000 after acquiring an additional 500 shares during the period. Binnacle Investments Inc acquired a new position in shares of Occidental Petroleum during the third quarter worth about $35,000. GoalVest Advisory LLC purchased a new position in Occidental Petroleum during the third quarter worth about $38,000. Tripletail Wealth Management LLC purchased a new position in Occidental Petroleum during the third quarter worth about $49,000. Finally, Byrne Asset Management LLC lifted its position in Occidental Petroleum by 96.9% in the fourth quarter. Byrne Asset Management LLC now owns 1,219 shares of the oil and gas producer’s stock valued at $50,000 after purchasing an additional 600 shares during the period. Hedge funds and other institutional investors own 88.70% of the company’s stock.

Occidental Petroleum Price Performance

OXY stock opened at $66.31 on Tuesday. The firm has a 50 day moving average of $51.61 and a 200-day moving average of $45.74. The company has a market cap of $65.76 billion, a price-to-earnings ratio of 41.18 and a beta of 0.34. The company has a current ratio of 0.94, a quick ratio of 0.74 and a debt-to-equity ratio of 0.73. Occidental Petroleum Corporation has a 12-month low of $34.78 and a 12-month high of $67.05.

Occidental Petroleum (NYSE:OXY) last released its quarterly earnings results on Wednesday, February 18th. The oil and gas producer reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.13. Occidental Petroleum had a return on equity of 9.89% and a net margin of 9.14%.The business had revenue of $5.11 billion for the quarter, compared to analysts’ expectations of $6.02 billion. During the same quarter in the prior year, the firm posted $0.80 EPS. The company’s revenue was down 5.2% compared to the same quarter last year. As a group, equities analysts expect that Occidental Petroleum Corporation will post 3.58 EPS 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. Shareholders of record on Tuesday, March 10th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 1.6%. This is a positive change from Occidental Petroleum’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Tuesday, March 10th. Occidental Petroleum’s dividend payout ratio is currently 64.60%.

Occidental Petroleum News Summary

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

• Positive Sentiment: Citigroup raised its price target on OXY from $45 to $67 (maintaining a “neutral” rating), effectively validating upside to the current price and supporting further buying interest. Read More.
• Positive Sentiment: Occidental hit a new 12‑month high following analyst upgrades — a technical catalyst that attracts momentum and trend‑following flows. Read More.
• Positive Sentiment: Market writeups note OXY’s outperformance while broader indices lagged, highlighting strong recent demand and reinforcing bullish narratives. Read More.
• Positive Sentiment: Investors continue to reference Berkshire Hathaway’s large stake (Warren Buffett’s endorsement), which supports perceptions of OXY as a lower‑risk oil exposure in geopolitical uncertainty. Read More.
• Neutral Sentiment: Longer‑term bullish takes (e.g., “Road to $100”) circulate as upbeat scenario analyses; useful for sentiment but speculative and not guaranteed to move near‑term fundamentals. Read More.
• Neutral Sentiment: Several trend/stock‑watch pieces (Zacks, other summaries) are drawing retail attention to OXY, increasing volume and volatility without a clear directional verdict. Read More.
• Neutral Sentiment: Comparative analyses vs. peers (e.g., DT Midstream) provide context on relative valuation and strategy but are unlikely alone to drive a large price move. Read More.
• Negative Sentiment: Coverage flags that OXY may be near a short‑term peak after a rapid rally, recommending covered‑call sales to capture premium — a view that can encourage profit‑taking and cap near‑term upside. Read More.

Analyst Ratings Changes

Several research firms have issued reports on OXY. Citigroup boosted their target price on Occidental Petroleum from $45.00 to $67.00 and gave the stock a “neutral” rating in a research report on Monday. UBS Group raised their price target on Occidental Petroleum from $49.00 to $55.00 and gave the company a “neutral” rating in a report on Thursday, March 5th. TD Cowen upped their price objective on Occidental Petroleum from $48.00 to $54.00 and gave the stock a “hold” rating in a report on Monday, February 23rd. Wells Fargo & Company upgraded Occidental Petroleum from an “underweight” rating to an “overweight” rating and increased their price objective for the stock from $47.00 to $69.00 in a research report on Thursday, March 12th. Finally, Morgan Stanley reduced their target price on Occidental Petroleum from $51.00 to $50.00 and set an “overweight” rating for the company in a report on Friday, January 23rd. Nine investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $56.59.

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.