Gateway Investment Advisers LLC Has $252,000 Stock Position in Occidental Petroleum Corporation $OXY

Gateway Investment Advisers LLC reduced its holdings in shares of Occidental Petroleum Corporation (NYSE:OXY) by 97.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 6,128 shares of the oil and gas producer’s stock after selling 223,034 shares during the period. Gateway Investment Advisers LLC’s holdings in Occidental Petroleum were worth $252,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Activest Wealth Management grew its position in Occidental Petroleum by 68.5% in the fourth quarter. Activest Wealth Management now owns 750 shares of the oil and gas producer’s stock valued at $31,000 after acquiring an additional 305 shares during the last quarter. Binnacle Investments Inc bought a new position in shares of Occidental Petroleum in the third quarter worth about $35,000. Garner Asset Management Corp acquired a new stake in shares of Occidental Petroleum in the 4th quarter valued at approximately $37,000. Byrne Asset Management LLC grew its holdings in shares of Occidental Petroleum by 96.9% during the 4th 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 last quarter. Finally, JPL Wealth Management LLC bought a new stake in shares of Occidental Petroleum during the 3rd quarter valued at approximately $52,000. 88.70% of the stock is owned by institutional investors and hedge funds.

Key Occidental Petroleum News

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

• Positive Sentiment: Occidental’s Q1 2026 update was described as beating guidance in key segments, suggesting underlying operating strength despite broader market caution. Occidental Petroleum (OXY) Beats Guidance in Key Segments during Q1 2026
• Positive Sentiment: Some commentary continues to view Occidental as a value name, with coverage noting it among Buffett-linked stock ideas and highlighting a longer-term deleveraging story. Occidental Earnings: Guidance Revisions Won’t Stop Deleveraging
• Neutral Sentiment: JPMorgan, UBS, and Truist all trimmed price targets on OXY, but kept neutral-to-hold style ratings, which signals reduced enthusiasm rather than a bearish downgrade. JPMorgan cut its target to $63 from $64, UBS to $65 from $67, and Truist to $57 from $65. Truist Financial Corporation price target update
• Neutral Sentiment: Investors are also weighing a leadership transition after CEO Vicki Hollub said she plans to retire, which could mark the start of a new strategic phase for the company. Occidental Petroleum: CEO Change Could Mark The Company’s Next Era
• Negative Sentiment: The lower analyst price targets suggest Wall Street sees less upside near term, reinforcing pressure on the stock even after a solid earnings report. UBS adjusts price target on Occidental Petroleum
• Negative Sentiment: Commentary also pointed to temporary oil tailwinds already being priced in, implying limited near-term re-rating potential for OXY shares. Occidental Petroleum: Temporary Oil Tailwinds Already Baked In, Not A Buy Here

Occidental Petroleum Trading Down 0.0%

Shares of NYSE OXY opened at $53.03 on Monday. The firm has a 50 day moving average price of $58.02 and a two-hundred day moving average price of $48.18. The stock has a market cap of $52.74 billion, a P/E ratio of 13.36 and a beta of 0.17. Occidental Petroleum Corporation has a 52-week low of $38.80 and a 52-week high of $67.45. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.01 and a current ratio of 1.21.

Occidental Petroleum (NYSE:OXY) last issued its quarterly earnings data on Tuesday, May 5th. The oil and gas producer reported $1.06 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.46. The company had revenue of $5.11 billion for the quarter, compared to analysts’ expectations of $5.44 billion. Occidental Petroleum had a net margin of 19.98% and a return on equity of 9.65%. Occidental Petroleum’s revenue for the quarter was down 8.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.14 earnings per share. As a group, equities analysts forecast that Occidental Petroleum Corporation will post 4.87 EPS for the current year.

Occidental Petroleum Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, June 10th will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Wednesday, June 10th. Occidental Petroleum’s payout ratio is 26.20%.

Analyst Ratings Changes

OXY has been the subject of several research reports. Roth Mkm increased their price objective on shares of Occidental Petroleum from $45.00 to $55.00 and gave the company a “neutral” rating in a research note on Wednesday, April 15th. JPMorgan Chase & Co. decreased their target price on shares of Occidental Petroleum from $64.00 to $63.00 in a research note on Thursday. Wolfe Research increased their price target on Occidental Petroleum from $67.00 to $70.00 and gave the company an “outperform” rating in a research note on Monday, April 6th. Citigroup cut their price objective on Occidental Petroleum from $67.00 to $62.00 and set a “neutral” rating on the stock in a report on Friday, April 17th. Finally, TD Cowen boosted their price objective on Occidental Petroleum from $48.00 to $54.00 and gave the stock a “hold” rating in a research report on Monday, February 23rd. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $62.43.

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.