Occidental Petroleum Corporation $OXY Stock Purchased by Retirement Planning Group LLC

Retirement Planning Group LLC increased its position in Occidental Petroleum Corporation (NYSE:OXY) by 232.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,415 shares of the oil and gas producer’s stock after buying an additional 10,074 shares during the period. Retirement Planning Group LLC’s holdings in Occidental Petroleum were worth $797,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. grew its stake in shares of Occidental Petroleum by 12.5% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 1,765 shares of the oil and gas producer’s stock worth $111,000 after buying an additional 196 shares in the last quarter. Venture Visionary Partners LLC increased its holdings in shares of Occidental Petroleum by 2.2% in the 3rd quarter. Venture Visionary Partners LLC now owns 9,639 shares of the oil and gas producer’s stock worth $533,000 after buying an additional 203 shares during the last quarter. Elevation Wealth Partners LLC raised its position in shares of Occidental Petroleum by 15.8% during the 2nd quarter. Elevation Wealth Partners LLC now owns 1,615 shares of the oil and gas producer’s stock valued at $78,000 after buying an additional 220 shares in the last quarter. HBK Sorce Advisory LLC raised its position in shares of Occidental Petroleum by 2.8% during the 2nd quarter. HBK Sorce Advisory LLC now owns 8,210 shares of the oil and gas producer’s stock valued at $442,000 after buying an additional 220 shares in the last quarter. Finally, Guardian Wealth Management Inc. raised its position in shares of Occidental Petroleum by 0.3% during the 2nd quarter. Guardian Wealth Management Inc. now owns 107,695 shares of the oil and gas producer’s stock valued at $5,231,000 after buying an additional 273 shares in the last quarter. 88.70% of the stock is owned by institutional investors.

Occidental Petroleum News Roundup

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

• Positive Sentiment: Analyst upgrades and higher price targets support the stock. Roth Capital upgraded OXY to “Buy” with a $70 target, while Susquehanna raised its target from $70 to $77 and maintained a positive rating. Stephens also forecast strong potential appreciation. These actions signal improving Wall Street confidence in Occidental’s earnings and valuation. Roth Capital upgrades Occidental Petroleum stock Stephens forecasts strong price appreciation
• Positive Sentiment: Improving crude prices could lift cash flow. A climb in crude prices is helping stabilize the outlook for Occidental’s oil-and-gas operations as investors approach earnings. Higher realized prices generally support production revenue, margins and debt reduction. Climbing crude and Occidental earnings week
• Positive Sentiment: Estimate revisions and momentum screens are favorable. OXY was included among S&P 500 companies seeing notable earnings-estimate increases, while Zacks highlighted its momentum characteristics and growing investor interest. The company’s previous quarter also featured substantially higher revenue and an EPS beat, providing a favorable comparison heading into the next report.
• Neutral Sentiment: Earnings are the next major catalyst. Multiple reports emphasize that OXY is in earnings week. Investors will focus on production, realized oil prices, free cash flow, debt repayment and management’s outlook; strong results could validate the higher targets, while a cautious forecast could limit gains.
• Negative Sentiment: Commodity-price and execution risks remain. The bullish case depends heavily on sustained crude strength. Any reversal in oil prices, weaker production, or disappointing guidance could pressure earnings and offset the recent analyst optimism.

Analyst Ratings Changes

Several equities analysts have recently weighed in on OXY shares. Morgan Stanley boosted their target price on Occidental Petroleum from $69.00 to $71.00 and gave the company an “equal weight” rating in a research report on Thursday, October 15th. Stifel Nicolaus started coverage on Occidental Petroleum in a research report on Thursday, September 10th. They issued a “hold” rating and a $68.00 price target for the company. UBS Group lifted their price objective on shares of Occidental Petroleum from $67.00 to $73.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 14th. The Goldman Sachs Group raised shares of Occidental Petroleum from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $63.00 to $69.00 in a research note on Thursday, October 1st. Finally, Citigroup cut their price objective on shares of Occidental Petroleum from $62.00 to $60.00 and set a “neutral” rating on the stock in a research report on Friday, July 17th. Thirteen analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. Based on data from MarketBeat, Occidental Petroleum currently has a consensus rating of “Hold” and an average target price of $67.46.

Occidental Petroleum Stock Down 0.3%

Shares of NYSE OXY opened at $62.71 on Thursday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.41 and a quick ratio of 1.13. The company has a market cap of $62.69 billion, a P/E ratio of 9.71, a PEG ratio of 0.94 and a beta of 0.24. Occidental Petroleum Corporation has a 1 year low of $38.80 and a 1 year high of $67.45. The firm has a 50-day simple moving average of $59.65 and a two-hundred day simple moving average of $57.21.

Occidental Petroleum (NYSE:OXY) last announced its 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 during the quarter, compared to analyst estimates of $7.07 billion. Occidental Petroleum had a return on equity of 15.31% and a net margin of 28.36%. The company’s revenue for the quarter was up 53.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.39 earnings per share. Research analysts anticipate that Occidental Petroleum Corporation will post 6.43 earnings per share for the current year.

Occidental Petroleum Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Thursday, September 10th were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Thursday, September 10th. This is an increase from Occidental Petroleum’s previous quarterly dividend of $0.26. Occidental Petroleum’s dividend payout ratio (DPR) is presently 17.34%.

Occidental Petroleum Company 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.