Occidental Petroleum Corporation $OXY Stock: Schwartz Investment Counsel Inc. Increases Stake

Schwartz Investment Counsel Inc. boosted its holdings in Occidental Petroleum Corporation (NYSE:OXY) by 14.1% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 80,750 shares of the oil and gas producer’s stock after acquiring an additional 10,000 shares during the quarter. Schwartz Investment Counsel Inc.’s holdings in Occidental Petroleum were worth $4,467,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Axiom Investment Management LLC bought a new position in shares of Occidental Petroleum in the first quarter worth about $25,000. GKV Capital Management Co. Inc. acquired a new stake in shares of Occidental Petroleum in the 1st quarter valued at approximately $26,000. Hara Capital LLC bought a new stake in shares of Occidental Petroleum during the 2nd quarter valued at approximately $25,000. Ballast Advisors LLC bought a new stake in shares of Occidental Petroleum during the 1st quarter valued at approximately $39,000. Finally, Fiduciary Financial Advisors acquired a new position in Occidental Petroleum during the 2nd quarter worth approximately $31,000. Institutional investors own 88.70% of the company’s stock.

Key Headlines Impacting Occidental Petroleum

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

• Positive Sentiment: Goldman Sachs raised its price target and upgraded OXY to “Buy.” The firm increased its target from $69 to $76, implying approximately 21% upside from the referenced share price. The upgrade reflects a more favorable outlook for the oil and gas producer. Goldman Sachs stock recommendations
• Positive Sentiment: Investors are looking ahead to Occidental’s third-quarter 2026 results. Analysts reportedly expect triple-digit year-over-year EPS growth, which could reinforce the company’s earnings recovery if results meet or exceed expectations. What to Expect From Occidental Petroleum’s Q3 2026 Earnings Report
• Positive Sentiment: Occidental maintained its quarterly dividend at $0.28 per share. The dividend is payable January 15, 2027, to shareholders of record December 10, representing an annualized payout of $1.12 and a yield of roughly 1.7%. The continued payout supports the stock’s income appeal. Occidental Announces Dividend
• Neutral Sentiment: Piper Sandler initiated coverage with a “Neutral” rating and a $69 price target. Although the target implies about 10% upside, the rating suggests the firm sees a balanced risk-reward profile rather than a clear near-term catalyst. Piper Sandler stock recommendations
• Negative Sentiment: OXY has been affected by broader weakness in energy stocks. Reports of a premarket decline across the energy group indicate that sector sentiment and oil-price movements remain near-term headwinds, potentially offsetting company-specific optimism. Occidental Petroleum stock energy group falls pre-market

Occidental Petroleum Trading Down 2.1%

NYSE:OXY opened at $62.70 on Wednesday. The firm’s 50 day simple moving average is $60.01 and its 200 day simple moving average is $55.61. Occidental Petroleum Corporation has a one year low of $38.80 and a one year high of $67.45.

Occidental Petroleum (NYSE:OXY) last released its quarterly earnings results on Wednesday, August 5th. The oil and gas producer reported $2.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.57. The business had revenue of $8.06 billion for the quarter, compared to the consensus estimate of $7.07 billion. Occidental Petroleum’s revenue was up 53.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.39 EPS. As a group, sell-side analysts expect that Occidental Petroleum Corporation will post 6.84 EPS for the current fiscal year.

Occidental Petroleum Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 15th. Investors of record on Thursday, December 10th will be issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Thursday, December 10th.

Wall Street Analyst Weigh In

Several equities analysts recently commented on OXY shares. Wall Street Zen raised shares of Occidental Petroleum from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 10th. Weiss Ratings upgraded shares of Occidental Petroleum from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, October 13th. Stifel Nicolaus assumed coverage on shares of Occidental Petroleum in a research note on Thursday, September 10th. They set a “hold” rating and a $68.00 target price on the stock. Stephens upped their price target on shares of Occidental Petroleum from $78.00 to $80.00 and gave the stock an “overweight” rating in a report on Monday, October 19th. Finally, Seaport Research Partners assumed coverage on Occidental Petroleum in a research note on Thursday, September 3rd. They issued a “buy” rating and a $73.00 price target for the company. Twelve analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $67.88.

Occidental Petroleum Profile

Occidental Petroleum Corporation is an energy company engaged in oil and natural gas exploration, development and production. Its operations are focused primarily on the United States, including the Permian and DJ basins, as well as selected international regions in the Middle East and North Africa.

The company’s OxyChem subsidiary manufactures and markets chlor-alkali chemicals, vinyls and other chemical products used in water treatment, construction, healthcare, packaging and industrial applications.