Varma Mutual Pension Insurance Co Buys Shares of 284,800 Occidental Petroleum Corporation $OXY

Varma Mutual Pension Insurance Co bought a new stake in Occidental Petroleum Corporation (NYSE:OXY) during the fourth quarter, Holdings Channel reports. The institutional investor bought 284,800 shares of the oil and gas producer’s stock, valued at approximately $11,711,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of OXY. Activest Wealth Management grew its stake 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 purchasing an additional 305 shares in the last quarter. City Holding Co. grew its stake in Occidental Petroleum by 250.0% in the third quarter. City Holding Co. now owns 700 shares of the oil and gas producer’s stock valued at $33,000 after purchasing an additional 500 shares in the last quarter. Binnacle Investments Inc purchased a new position in Occidental Petroleum in the third quarter valued at about $35,000. Byrne Asset Management LLC grew its stake in Occidental Petroleum by 96.9% in the fourth 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 in the last quarter. Finally, JPL Wealth Management LLC purchased a new position in Occidental Petroleum in the third quarter valued at about $52,000. Hedge funds and other institutional investors own 88.70% of the company’s stock.

Trending Headlines about Occidental Petroleum

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

• Positive Sentiment: First-quarter EPS beat materially — OXY reported $1.06/share, well above consensus, driven in part by asset sales and margin gains that support near-term cash flow and buyback/debt flexibility. Shale producer Occidental Petroleum beats quarterly profit estimates
• Positive Sentiment: Company reported a profit surge tied to asset sales and higher realized oil prices, a one-time boost that improves free-cash-flow guidance near-term. Occidental Petroleum’s profit surges on asset sale, higher oil prices
• Positive Sentiment: Raymond James raised its price target to $75 and maintained an Outperform rating, signaling analyst conviction in OXY’s medium-term upside. Raymond James adjusts Occidental Petroleum PT to $75 from $64; maintains Outperform rating
• Positive Sentiment: Options flow showed bullish positioning into the earnings release, indicating some investor confidence in upside after the beat. Bulls are piling into this Warren Buffett favorite ahead of earnings
• Neutral Sentiment: Management change announced — a CEO transition creates execution and strategy uncertainty until new leadership’s plan is detailed; this is watchlisted by investors but not yet a clear positive or negative. Occidental Petroleum Announces CEO Transition and Leadership Changes
• Negative Sentiment: Revenue missed expectations — Q1 sales came in below street estimates and were down year-over-year, a drag on growth narratives despite the EPS beat. Occidental Petroleum (NYSE:OXY) Misses Q1 CY2026 Revenue Estimates
• Negative Sentiment: Macro/sector pressure: reports that a U.S. diplomatic peace deal with Iran may be near pushed oil prices lower and caused broad selling in big oil names, weighing on OXY despite company-level positives. Exxon, Chevron, Other Oil Stocks Sink as Market Bets Iran War Will End

Occidental Petroleum Price Performance

Shares of NYSE:OXY opened at $59.37 on Wednesday. The business has a 50 day moving average price of $57.92 and a 200 day moving average price of $47.99. Occidental Petroleum Corporation has a twelve month low of $38.72 and a twelve month high of $67.45. The company has a market cap of $58.87 billion, a price-to-earnings ratio of 36.87 and a beta of 0.17. The company has a quick ratio of 0.74, a current ratio of 0.94 and a debt-to-equity ratio of 0.73.

Occidental Petroleum (NYSE:OXY) last announced its earnings results on Tuesday, May 5th. The oil and gas producer reported $1.06 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.46. Occidental Petroleum had a return on equity of 9.89% and a net margin of 9.14%.The firm had revenue of $5.11 billion during the quarter, compared to the consensus estimate of $5.44 billion. During the same quarter in the prior year, the company earned $0.14 EPS. The firm’s revenue for the quarter was down 8.3% compared to the same quarter last year. Research analysts predict that Occidental Petroleum Corporation will post 4.55 earnings per share for the current year.

Occidental Petroleum Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, June 10th will be paid a dividend of $0.26 per share. The ex-dividend date is Wednesday, June 10th. This represents a $1.04 annualized dividend and a yield of 1.8%. Occidental Petroleum’s dividend payout ratio is presently 64.60%.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. JPMorgan Chase & Co. upped their price target on Occidental Petroleum from $63.00 to $64.00 and gave the stock a “neutral” rating in a research note on Monday, April 13th. UBS Group upped their price target on Occidental Petroleum from $64.00 to $67.00 and gave the stock a “neutral” rating in a research note on Monday, April 13th. Zacks Research upgraded Occidental Petroleum from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 31st. Weiss Ratings upgraded Occidental Petroleum from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, March 9th. Finally, Stephens upped their price target on Occidental Petroleum from $59.00 to $74.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 31st. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Occidental Petroleum presently has an average rating of “Hold” and an average target price of $62.91.

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.