Occidental Petroleum Corporation $OXY Shares Sold by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP lessened its holdings in shares of Occidental Petroleum Corporation (NYSE:OXY) by 56.3% during the 3rd quarter, Holdings Channel.com reports. The firm owned 17,466 shares of the oil and gas producer’s stock after selling 22,510 shares during the period. Fulcrum Asset Management LLP’s holdings in Occidental Petroleum were worth $960,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Berkshire Hathaway Inc bought a new position in shares of Occidental Petroleum in the second quarter valued at about $12,868,205,000. Bank of New York Mellon Corp lifted its position in Occidental Petroleum by 84.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 10,643,916 shares of the oil and gas producer’s stock worth $516,975,000 after buying an additional 4,882,834 shares in the last quarter. Danske Bank A S bought a new stake in Occidental Petroleum during the 2nd quarter worth about $172,413,000. Legal & General Group Plc bought a new stake in Occidental Petroleum during the 2nd quarter worth about $168,860,000. Finally, State Street Corp increased its position in Occidental Petroleum by 6.6% in the 2nd quarter. State Street Corp now owns 46,141,269 shares of the oil and gas producer’s stock valued at $2,252,271,000 after acquiring an additional 2,870,472 shares in the last quarter. 88.70% of the stock is currently owned by institutional investors and hedge funds.

Occidental Petroleum Stock Up 2.0%

Shares of NYSE:OXY opened at $58.39 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.38 and a quick ratio of 1.13. The stock has a market cap of $58.39 billion, a price-to-earnings ratio of 10.08, a P/E/G ratio of 0.65 and a beta of 0.16. The company has a 50 day moving average of $59.79 and a 200-day moving average of $56.56. Occidental Petroleum Corporation has a one year low of $38.80 and a one year high of $67.45.

Occidental Petroleum (NYSE:OXY) last announced its quarterly earnings data on Monday, November 9th. The oil and gas producer reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.45. Occidental Petroleum had a net margin of 32.17% and a return on equity of 18.55%. The business had revenue of $6.77 billion for the quarter, compared to analyst estimates of $6.82 billion. During the same period in the prior year, the business posted $0.64 earnings per share. Occidental Petroleum’s revenue was up 20.6% compared to the same quarter last year. On average, sell-side analysts forecast that Occidental Petroleum Corporation will post 6.95 earnings per share for the current year.

Occidental Petroleum Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 15th. Shareholders of record on Thursday, December 10th will be given a dividend of $0.28 per share. The ex-dividend date is Thursday, December 10th. This represents a $1.12 annualized dividend and a dividend yield of 1.9%. Occidental Petroleum’s payout ratio is presently 15.09%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Seaport Research Partners assumed coverage on shares of Occidental Petroleum in a research note on Thursday, September 3rd. They issued a “buy” rating and a $73.00 target price for the company. UBS Group increased their price target on shares of Occidental Petroleum from $67.00 to $73.00 and gave the company a “neutral” rating in a research note on Wednesday, October 14th. Citigroup lowered their price target on shares of Occidental Petroleum from $62.00 to $60.00 and set a “neutral” rating for the company in a report on Friday, July 17th. Wells Fargo & Company lowered their price target on shares of Occidental Petroleum from $82.00 to $76.00 and set an “overweight” rating for the company in a report on Wednesday. Finally, Morgan Stanley boosted their price objective on shares of Occidental Petroleum from $69.00 to $71.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 15th. Twelve analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Occidental Petroleum has a consensus rating of “Hold” and a consensus price target of $67.62.

Occidental Petroleum News Summary

Here’s some of the latest news about OXY:

• Positive Sentiment: Management highlighted substantial deleveraging: reports cite $10.4 billion of debt reductions in 2026 and a $6 billion debt target. Occidental also outlined an estimated $700–800 million in sustainable cash-flow improvement for 2027, with spending and potential buybacks in focus. Occidental Q3 Earnings Call Centers on Debt Cuts and Cash Flow
• Neutral Sentiment: Wells Fargo cut its price target to $76 from $82 but maintained an Overweight rating. The lower target tempers the outlook, while the retained rating remains positive. Wells Fargo stock recommendations
• Negative Sentiment: OXY remains exposed to oil-price swings, which could weaken cash flow if crude prices fall. A Trefis article also considers a potential 30% downside scenario, underscoring valuation risk. Can Occidental Petroleum Stock Fall 30?

About Occidental Petroleum

Occidental Petroleum Corporation is an energy and chemicals company headquartered in Houston, Texas. Its oil and gas business explores for and produces crude oil, natural gas liquids and natural gas, with operations in the United States and international markets, including the Middle East and North Africa. Through its OxyChem business, Occidental manufactures and markets basic chemicals and vinyl products used in applications such as water treatment, construction and consumer goods. The company also develops carbon management and lower-carbon technology projects, including carbon capture and storage.