337,500 Shares in Occidental Petroleum Corporation $OXY Purchased by Cooperman Leon G

Key Points

• Hedge fund manager Cooperman Leon G disclosed a new position of 337,500 shares of Occidental Petroleum in the 3rd quarter, valued at about $15.95 million per its latest 13F filing.
• Occidental reported a quarterly EPS of $0.31 (beating the $0.18 estimate) while revenue missed at $5.11 billion versus a $6.02 billion consensus and was down 5.2% year‑over‑year.
• The company raised its quarterly dividend to $0.26 ($1.04 annualized, ~1.8% yield) amid a roughly 40% YTD rally

Cooperman Leon G acquired a new position in shares of Occidental Petroleum Corporation (NYSE:OXY - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 337,500 shares of the oil and gas producer's stock, valued at approximately $15,947,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. City Holding Co. boosted its holdings in shares of Occidental Petroleum by 250.0% during the third quarter. City Holding Co. now owns 700 shares of the oil and gas producer's stock worth $33,000 after purchasing an additional 500 shares during the period. Binnacle Investments Inc acquired a new position in Occidental Petroleum in the 3rd quarter valued at approximately $35,000. GoalVest Advisory LLC acquired a new position in Occidental Petroleum in the 3rd quarter valued at approximately $38,000. Tripletail Wealth Management LLC purchased a new stake in Occidental Petroleum in the 3rd quarter worth approximately $49,000. Finally, Sumitomo Mitsui Financial Group Inc. acquired a new stake in shares of Occidental Petroleum during the 2nd quarter valued at $51,000. Hedge funds and other institutional investors own 88.70% of the company's stock.

Occidental Petroleum Trading Down 0.9%

Shares of NYSE:OXY opened at $57.91 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.74 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $57.11 billion, a PE ratio of 35.97 and a beta of 0.34. Occidental Petroleum Corporation has a 1 year low of $34.78 and a 1 year high of $59.15. The firm has a fifty day moving average price of $47.53 and a 200 day moving average price of $44.62.

Occidental Petroleum (NYSE:OXY - Get Free Report) last released its quarterly earnings results on Wednesday, February 18th. The oil and gas producer reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.13. Occidental Petroleum had a return on equity of 9.89% and a net margin of 9.14%.The company had revenue of $5.11 billion during the quarter, compared to the consensus estimate of $6.02 billion. During the same quarter in the prior year, the company posted $0.80 EPS. The firm's revenue was down 5.2% on a year-over-year basis. Analysts expect that Occidental Petroleum Corporation will post 3.58 EPS for the current fiscal year.

Occidental Petroleum Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 10th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $1.04 annualized dividend and a dividend yield of 1.8%. This is an increase from Occidental Petroleum's previous quarterly dividend of $0.24. Occidental Petroleum's payout ratio is currently 64.60%.

More Occidental Petroleum News

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

• Positive Sentiment: Piper Sandler upgraded OXY to Overweight and raised its price target to $66, signaling stronger analyst conviction and providing tangible upside from current levels. Positive Report for Occidental Petroleum (OXY) from Piper Sandler
• Positive Sentiment: Coverage and headlines explain a roughly 40% move in OXY YTD — driven by oil‑price strength, Permian operational outperformance and visible debt reduction — reinforcing the narrative that fundamentals, not just momentum, are supporting the rally. What's Behind The 40% Rise In OXY Stock?
• Positive Sentiment: Zacks notes OXY outperformed the energy group (≈+27% in a month) and cites rising oil, Permian strength and debt paydown as drivers — a bullish confirmation for investors focused on fundamentals and cash‑flow improvement. OXY Outperforms Industry in Past Month: Buy, Hold or Sell the Stock?
• Positive Sentiment: Intraday price jumps and above‑average volume coincided with upward earnings‑estimate revisions, suggesting analysts are beginning to bake in more upside for OXY. Occidental (OXY) Soars 5.1%: Is Further Upside Left in the Stock?
• Positive Sentiment: Broker activity also includes a Wells Fargo upgrade on the company’s equity warrant vehicle (OXY.WS), a signal that some desks see additional value in Occidental‑linked securities. Wells Fargo upgrades Occidental Petroleum Corporation - Equity Warrant (OXY.WS)
• Neutral Sentiment: Sector momentum from rising oil and Middle East supply‑concern headlines (tanker attacks, Strait of Hormuz rhetoric) is lifting energy peers broadly, which benefits OXY but also adds geopolitical volatility risk. Occidental Petroleum Stock Surges Thursday: What's Driving The Action?
• Neutral Sentiment: Goldman assigned a $54 price target (and other outlets list varying targets), showing analyst views still diverge on fair value — useful context for investors deciding entry points or profit‑taking. Occidental Petroleum NYSE: OXY Given New $54.00 Price Target at The Goldman Sachs Group
• Neutral Sentiment: Occidental disclosed a $1.20B debt tender and covenant changes; this touches capital structure and may reduce near‑term leverage risks but invites scrutiny over terms and longer‑run funding flexibility. Should Occidental’s US$1.20 Billion Debt Tender and Covenant Changes Require Action From OXY Investors?
• Negative Sentiment: Some analysts and commentaries warn the oil‑led rally may be overextended and that easy gains could be behind the stock, implying higher near‑term downside risk if oil or macro sentiment reverses. Occidental Petroleum: Oil Rally Overly Done - Easy Gains Behind Us

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Jefferies Financial Group upped their price target on shares of Occidental Petroleum from $42.00 to $47.00 and gave the stock a "hold" rating in a research note on Monday, February 23rd. Barclays lifted their price objective on Occidental Petroleum from $50.00 to $55.00 and gave the company an "equal weight" rating in a research report on Monday, February 23rd. Wells Fargo & Company raised Occidental Petroleum from an "underweight" rating to an "overweight" rating and upped their target price for the stock from $47.00 to $69.00 in a research report on Thursday. Susquehanna lifted their price target on Occidental Petroleum from $51.00 to $60.00 and gave the company a "positive" rating in a report on Friday, February 20th. Finally, Weiss Ratings raised Occidental Petroleum from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Monday, March 9th. Nine research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $53.48.

Insider Transactions at Occidental Petroleum

In other news, Director William R. Klesse bought 5,000 shares of the stock in a transaction that occurred on Tuesday, December 16th. The shares were acquired at an average cost of $38.98 per share, for a total transaction of $194,900.00. Following the purchase, the director owned 218,913 shares of the company's stock, valued at $8,533,228.74. This represents a 2.34% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.31% of the company's stock.

About Occidental Petroleum

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.

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