Dimensional Fund Advisors LP Purchases 900,677 Shares of Occidental Petroleum Corporation $OXY

Key Points

• Dimensional Fund Advisors increased its stake in Occidental by 11.5%, acquiring 900,677 shares in Q3 to own 8,718,939 shares (about 0.89% of the company) valued at roughly $412 million.
• Occidental raised its quarterly dividend to $0.26 (annualized $1.04) with an ex-dividend date of March 10, implying a ~1.9% yield and a payout ratio around 59.6%.
• Analyst sentiment is mixed: the consensus rating is "Hold" with an average price target of $50.62, amid recent upgrades, downgrades and price strength that has pushed the stock toward 52‑week highs.

Dimensional Fund Advisors LP boosted its position in shares of Occidental Petroleum Corporation (NYSE:OXY - Free Report) by 11.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,718,939 shares of the oil and gas producer's stock after acquiring an additional 900,677 shares during the quarter. Dimensional Fund Advisors LP owned 0.89% of Occidental Petroleum worth $412,045,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. DNB Asset Management AS raised its stake in Occidental Petroleum by 100.3% during the 3rd quarter. DNB Asset Management AS now owns 267,807 shares of the oil and gas producer's stock worth $12,654,000 after acquiring an additional 134,128 shares during the period. Swedbank AB purchased a new stake in shares of Occidental Petroleum in the third quarter worth $35,517,000. Gifford Fong Associates raised its position in shares of Occidental Petroleum by 41.2% during the 3rd quarter. Gifford Fong Associates now owns 171,429 shares of the oil and gas producer's stock valued at $8,100,000 after purchasing an additional 50,000 shares during the period. Rakuten Investment Management Inc. purchased a new position in shares of Occidental Petroleum during the 3rd quarter valued at $1,072,000. Finally, swisspartners Advisors Ltd boosted its holdings in Occidental Petroleum by 19.6% in the 3rd quarter. swisspartners Advisors Ltd now owns 157,070 shares of the oil and gas producer's stock worth $7,441,000 after buying an additional 25,710 shares during the period. Institutional investors own 88.70% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on OXY. BMO Capital Markets boosted their price objective on Occidental Petroleum from $48.00 to $60.00 and gave the company a "market perform" rating in a research report on Monday, February 23rd. HSBC boosted their price target on Occidental Petroleum from $54.00 to $59.00 and gave the stock a "buy" rating in a report on Friday, February 20th. The Goldman Sachs Group cut their price objective on shares of Occidental Petroleum from $43.00 to $41.00 and set a "sell" rating for the company in a report on Thursday, January 22nd. Morgan Stanley reduced their price objective on shares of Occidental Petroleum from $51.00 to $50.00 and set an "overweight" rating on the stock in a research report on Friday, January 23rd. Finally, Roth Mkm upped their target price on shares of Occidental Petroleum from $39.00 to $45.00 and gave the stock a "neutral" rating in a research report on Friday, February 20th. Seven equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and five have assigned a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $50.62.

Insider Buying and Selling

In related news, Director William R. Klesse acquired 5,000 shares of the company's stock in a transaction dated Tuesday, December 16th. The shares were purchased at an average cost of $38.98 per share, with a total value of $194,900.00. Following the completion of the acquisition, the director directly owned 218,913 shares of the company's stock, valued at $8,533,228.74. This represents a 2.34% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.31% of the stock is owned by company insiders.

Key Stories Impacting Occidental Petroleum

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

• Positive Sentiment: Berkshire Hathaway’s ~29% stake continues to act as a confidence backstop for OXY, drawing retail and institutional attention and supporting the stock’s strong year‑to‑date performance. Buffett’s 29% Stake Is Giving OXY Investors Unusual Confidence Right Now
• Positive Sentiment: Sale of the OxyChem unit refocuses Occidental on upstream oil & gas and materially reshapes valuation by reducing debt and boosting free cash flow potential—this improves flexibility for buybacks/dividends. Occidental Refocuses On Oil Gas As OxyChem Sale Reshapes Valuation
• Positive Sentiment: Analyst actions (upgrades) and recent price strength have pushed OXY to new 52‑week highs in some reports, reinforcing momentum among momentum and institutional buyers. Zacks upgrade / analyst coverage
• Positive Sentiment: Operational diversification: the 1PointFive STRATOS direct‑air‑capture plant approaching startup adds a carbon‑capture growth angle that can broaden long‑term value beyond E&P cash flows. Occidental, 1PointFive STRATOS DAC plant nears startup
• Neutral Sentiment: Kosmos and Occidental are searching for a third partner on a US Gulf discovery—potential production upside but timelines and economics are uncertain. Kosmos and Oxy seeking third partner for US Gulf find
• Neutral Sentiment: Sector tailwinds from higher oil prices (Strait of Hormuz premium) support revenue outlooks for producers, but macro headline risk keeps returns choppy. Chaos & Crude: 3 Energy Stocks Built to Thrive in This Market
• Negative Sentiment: Geopolitical headlines (report that Iranian officials contacted U.S. counterparts) have triggered intraday profit taking across majors, increasing short‑term volatility for OXY. Occidental, Chevron Stocks Slip. Iranian Officials Contacted U.S., Report Says.
• Negative Sentiment: Some analysts caution the easy upside is gone after the recent ~30% rally; relative underperformance vs. some peers and valuation questions are prompting ratings adjustments and more conservative targets. Occidental Petroleum: Strong Execution, But The Easy Upside Is Gone (Rating Downgrade)

Occidental Petroleum Trading Down 0.1%

Shares of NYSE OXY opened at $53.63 on Thursday. Occidental Petroleum Corporation has a twelve month low of $34.78 and a twelve month high of $56.34. The firm has a market cap of $52.89 billion, a PE ratio of 33.31 and a beta of 0.34. The business has a fifty day simple moving average of $45.51 and a two-hundred day simple moving average of $44.12. 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 - Get Free Report) last announced its quarterly earnings results on Wednesday, February 18th. The oil and gas producer reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.13. Occidental Petroleum had a net margin of 9.14% and a return on equity of 9.89%. The firm had revenue of $5.11 billion during the quarter, compared to analysts' expectations of $6.02 billion. During the same quarter in the prior year, the company earned $0.80 EPS. The company's revenue was down 5.2% compared to the same quarter last year. Analysts expect that Occidental Petroleum Corporation will post 3.58 earnings per share for the current fiscal year.

Occidental Petroleum Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 10th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Tuesday, March 10th. This is an increase from Occidental Petroleum's previous quarterly dividend of $0.24. Occidental Petroleum's payout ratio is 59.63%.

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.

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