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

Schwartz Investment Counsel Inc. raised its position in Occidental Petroleum Corporation (NYSE:OXY) by 14.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,750 shares of the oil and gas producer’s stock after buying 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.

Several other large investors have also recently added to or reduced their stakes in OXY. Oppenheimer & Co. Inc. boosted its position in shares of Occidental Petroleum by 1.3% in the third quarter. Oppenheimer & Co. Inc. now owns 246,074 shares of the oil and gas producer’s stock valued at $13,613,000 after acquiring an additional 3,088 shares during the period. Park Avenue Securities LLC increased its position in Occidental Petroleum by 30.2% during the third quarter. Park Avenue Securities LLC now owns 6,803 shares of the oil and gas producer’s stock worth $376,000 after acquiring an additional 1,577 shares during the period. Miller Howard Investments Inc. NY increased its position in Occidental Petroleum by 1.7% during the third quarter. Miller Howard Investments Inc. NY now owns 88,226 shares of the oil and gas producer’s stock worth $4,881,000 after acquiring an additional 1,441 shares during the period. Steinberganna Wealth Management acquired a new stake in Occidental Petroleum in the 3rd quarter worth about $227,000. Finally, Signaturefd LLC raised its stake in Occidental Petroleum by 2.1% in the 3rd quarter. Signaturefd LLC now owns 20,337 shares of the oil and gas producer’s stock worth $1,125,000 after purchasing an additional 418 shares in the last quarter. Institutional investors own 88.70% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on OXY. Barclays cut their price objective on shares of Occidental Petroleum from $75.00 to $71.00 and set an “overweight” rating for the company in a report on Monday, August 17th. Stephens raised their target price 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. Stifel Nicolaus initiated coverage on shares of Occidental Petroleum in a research report on Thursday, September 10th. They issued a “hold” rating and a $68.00 price target for the company. Truist Financial boosted their price target on Occidental Petroleum from $63.00 to $64.00 and gave the company a “hold” rating in a research note on Thursday, October 15th. Finally, The Goldman Sachs Group increased their price target on Occidental Petroleum from $69.00 to $76.00 and gave the stock a “buy” rating in a research report on Tuesday. Twelve analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $67.88.

Occidental Petroleum Stock Down 2.1%

OXY stock opened at $62.70 on Wednesday. Occidental Petroleum Corporation has a 52 week low of $38.80 and a 52 week high of $67.45. The business has a 50-day simple moving average of $60.01 and a 200 day simple moving average of $55.61.

Occidental Petroleum (NYSE:OXY) last announced its quarterly earnings data on Wednesday, August 5th. The oil and gas producer reported $2.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.57. The firm had revenue of $8.06 billion for the quarter, compared to analyst estimates of $7.07 billion. During the same quarter in the previous year, the company earned $0.39 earnings per share. The company’s quarterly revenue was up 53.4% on a year-over-year basis. As a group, research analysts forecast that Occidental Petroleum Corporation will post 6.84 EPS for the current fiscal year.

Occidental Petroleum Announces Dividend

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

More Occidental Petroleum News

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

About Occidental Petroleum

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.