98,172 Shares in Occidental Petroleum Corporation $OXY Bought by Elevatus Welath Management

Key Points

• Elevatus Welath Management initiated a new stake in Occidental Petroleum, buying 98,172 shares worth about $4.64 million, making OXY 1.3% of its portfolio and reflecting that roughly 88.7% of OXY is held by institutions.
• Occidental announced a US$1.20 billion debt tender and proposed covenant changes to reduce near‑term refinancing risk, and the stock has seen bullish signals recently (up ~4.6%, higher call volume and falling short interest).
• The company raised its quarterly dividend to $0.26 (annualized $1.04, a 1.9% yield) while an insider director bought 5,000 shares, and analysts' consensus remains a "Hold" with a ~$51.86 target despite mixed ratings and updated price targets.

Elevatus Welath Management acquired a new stake in Occidental Petroleum Corporation (NYSE:OXY - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 98,172 shares of the oil and gas producer's stock, valued at approximately $4,639,000. Occidental Petroleum accounts for 1.3% of Elevatus Welath Management's investment portfolio, making the stock its 22nd biggest position.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of Occidental Petroleum by 10.3% during the second quarter. Vanguard Group Inc. now owns 88,504,019 shares of the oil and gas producer's stock worth $3,718,054,000 after buying an additional 8,273,030 shares during the period. Geode Capital Management LLC raised its stake in Occidental Petroleum by 22.0% during the 2nd quarter. Geode Capital Management LLC now owns 18,089,878 shares of the oil and gas producer's stock valued at $756,796,000 after acquiring an additional 3,267,269 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Occidental Petroleum by 11.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 8,718,939 shares of the oil and gas producer's stock valued at $412,045,000 after acquiring an additional 900,677 shares during the last quarter. Swedbank AB acquired a new stake in Occidental Petroleum during the 3rd quarter worth approximately $35,517,000. Finally, American Century Companies Inc. grew its stake in shares of Occidental Petroleum by 22.3% in the 2nd quarter. American Century Companies Inc. now owns 3,552,655 shares of the oil and gas producer's stock valued at $149,247,000 after purchasing an additional 647,243 shares during the last quarter. 88.70% of the stock is owned by hedge funds and other institutional investors.

Occidental Petroleum News Roundup

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

• Positive Sentiment: Occidental disclosed a US$1.20 billion debt tender and proposed covenant changes — moves that can reduce near‑term refinancing risk and improve balance‑sheet flexibility, helping credit-sensitive investors. Should Occidental’s US$1.20 Billion Debt Tender and Covenant Changes Require Action From OXY Investors?
• Positive Sentiment: Short interest fell meaningfully in February (down ~12.6% to ~28.8M shares), reducing one source of downside pressure and the risk of short-squeeze volatility. This supports a firmer near-term technical setup. (data item)
• Positive Sentiment: Options activity shows elevated call volume and bullish directional flows, indicating trader interest in upside exposure ahead of catalysts (earnings/guidance/debt actions). Occidental Petroleum call volume above normal and directionally bullish
• Neutral Sentiment: Goldman Sachs raised its price target from $41 to $54 but kept a "sell" rating — the target lift narrows downside but the sell stance signals continued caution from that shop. Benzinga
• Neutral Sentiment: Street research and fair‑value estimates are moving into the mid‑to‑high $50s as analysts reprice 2026 guidance and oil assumptions; this clusters expectations closer to current levels and may limit large rating surprises. How The Occidental Petroleum (OXY) Narrative Is Shifting With New Targets And 2026 Guidance
• Neutral Sentiment: Recent quarterly results showed an EPS beat but a revenue miss and mixed margins — fundamentals support the dividend and buyback story but leave growth sensitivity tied to oil prices. (company filings)
• Negative Sentiment: President Trump said he would tap the Strategic Petroleum Reserve to lower energy costs amid the Iran war — a reserve release would put downward pressure on crude and weigh on oil-weighted names like OXY. Iran war: Trump says he'll tap Strategic Petroleum Reserve to cut energy costs
• Negative Sentiment: Geopolitical headlines — notably Iran’s appointment of a harder-line new supreme leader — are keeping oil-price volatility high; while this can lift prices at times, persistent uncertainty fuels swings that can hurt OXY’s trading performance. Five things to know about Iran's new supreme leader, Mojtaba Khamenei
• Negative Sentiment: Analyst pieces arguing the "war premium" is fading and that Exxon may be a better play suggest some rotation within large-cap oil names; sector commentary like this can cap OXY’s re-rating if capital flows shift elsewhere. The War Premium Is Fading: Why I Favor Exxon Mobil Over Occidental Petroleum
• Negative Sentiment: Coverage noting a sharp crude pullback earlier this week explains prior single‑day OXY weakness — oil whiplash is the main short-term risk for the stock. Occidental Petroleum falls 3.1% as oil prices reverse lower amid Middle East-driven volatility

Insider Activity at Occidental Petroleum

In related news, Director William R. Klesse acquired 5,000 shares of the firm's stock in a transaction that occurred on Tuesday, December 16th. The shares were purchased at an average price of $38.98 per share, with a total value of $194,900.00. Following the completion of the acquisition, the director owned 218,913 shares in the company, valued at approximately $8,533,228.74. This represents a 2.34% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.31% of the stock is owned by company insiders.

Occidental Petroleum Stock Up 4.6%

Occidental Petroleum stock opened at $55.55 on Thursday. The stock's 50 day moving average price is $46.87 and its 200 day moving average price is $44.45. Occidental Petroleum Corporation has a 1-year low of $34.78 and a 1-year high of $56.34. The company has a market cap of $54.78 billion, a PE ratio of 34.50 and a beta of 0.34. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.94 and a quick ratio of 0.74.

Occidental Petroleum (NYSE:OXY - Get Free Report) last released its quarterly earnings data 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. The firm had revenue of $5.11 billion during the quarter, compared to analysts' expectations of $6.02 billion. Occidental Petroleum had a return on equity of 9.89% and a net margin of 9.14%.Occidental Petroleum's revenue was down 5.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.80 earnings per share. On average, sell-side analysts predict that Occidental Petroleum Corporation will post 3.58 EPS for the current fiscal year.

Occidental Petroleum Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 10th will be issued a $0.26 dividend. The ex-dividend date is Tuesday, March 10th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.9%. This is a boost from Occidental Petroleum's previous quarterly dividend of $0.24. Occidental Petroleum's payout ratio is 64.60%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on OXY. Susquehanna upped their price target on Occidental Petroleum from $51.00 to $60.00 and gave the stock a "positive" rating in a research note on Friday, February 20th. Barclays lifted their price objective on shares of Occidental Petroleum from $50.00 to $55.00 and gave the company an "equal weight" rating in a research report on Monday, February 23rd. BMO Capital Markets upped their price objective on shares of Occidental Petroleum from $48.00 to $60.00 and gave the stock a "market perform" rating in a research report on Monday, February 23rd. Bank of America raised their target price on shares of Occidental Petroleum from $44.00 to $45.00 in a research note on Tuesday, January 27th. Finally, Scotiabank dropped their price target on shares of Occidental Petroleum from $47.00 to $46.00 and set a "sector perform" rating on the stock in a research note on Friday, January 16th. Seven research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, Occidental Petroleum currently has an average rating of "Hold" and a consensus target price of $51.86.

Occidental Petroleum 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.

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