Inspire Trust Co. N.A. Acquires 20,000 Shares of Occidental Petroleum Corporation $OXY

Key Points

• Inspire Trust Co. N.A. increased its Occidental Petroleum stake by 20.2% in the fourth quarter, buying 20,000 additional shares and bringing its total holdings to 119,000 shares worth about $4.9 million.
• Institutional interest in Occidental Petroleum (OXY) remains high, with 88.7% of the stock owned by institutions and several other firms also adding to or initiating positions.
• Analyst sentiment is mixed but leaning positive: multiple firms raised price targets or upgraded the stock, while Occidental also reported better-than-expected earnings of $1.06 per share and announced a quarterly dividend of $0.26 per share.

Inspire Trust Co. N.A. increased its holdings in Occidental Petroleum Corporation (NYSE:OXY - Free Report) by 20.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 119,000 shares of the oil and gas producer's stock after purchasing an additional 20,000 shares during the period. Inspire Trust Co. N.A.'s holdings in Occidental Petroleum were worth $4,893,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Womack Financial LLC raised its position in shares of Occidental Petroleum by 10.1% in the fourth quarter. Womack Financial LLC now owns 12,452 shares of the oil and gas producer's stock valued at $512,000 after purchasing an additional 1,145 shares during the period. SBI Okasan Asset Management Co.Ltd. bought a new position in shares of Occidental Petroleum in the fourth quarter valued at approximately $263,000. Geode Capital Management LLC raised its position in shares of Occidental Petroleum by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 18,846,231 shares of the oil and gas producer's stock valued at $771,949,000 after purchasing an additional 167,518 shares during the period. M3 Wealth Management LLC bought a new stake in Occidental Petroleum during the fourth quarter valued at about $324,000. Finally, Integrity Alliance LLC. bought a new stake in Occidental Petroleum during the fourth quarter valued at about $292,000. 88.70% of the stock is currently owned by institutional investors.

Trending Headlines about Occidental Petroleum

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

• Positive Sentiment: Barclays upgraded Occidental Petroleum (OXY), adding to a growing list of favorable analyst calls that can lift investor confidence in the stock. Barclays upgrades Occidental Petroleum (OXY)
• Positive Sentiment: Capital One Financial raised its price target on Occidental Petroleum (OXY) from $67 to $70, implying meaningful upside from recent trading levels and signaling stronger analyst expectations. Capital One Securities lifts Occidental Petroleum price target to 70 from 67
• Positive Sentiment: Mizuho also boosted its price target on Occidental Petroleum (OXY) from $72 to $75 and reiterated an outperform view, reinforcing the bullish analyst backdrop. Occidental Petroleum price target raised by Mizuho
• Neutral Sentiment: Several recent articles compare Occidental Petroleum (OXY) with Exxon Mobil and discuss valuation, strategy, and Buffett-related ownership themes, but these are more informational than immediate stock-moving catalysts. Occidental Petroleum vs Exxon Mobil: The Better Oil Titan For 2026
• Neutral Sentiment: Broader coverage notes Berkshire Hathaway’s stake and Occidental’s long-term investment story, but this appears to be background rather than a fresh catalyst for the shares. From $90K Bet to $800K Windfall
• Negative Sentiment: One market recap flagged weakness in energy producers, which can pressure oil stocks like Occidental Petroleum (OXY) when sector sentiment turns soft. Stocks Pressured by Weakness in Energy Producers and Cybersecurity Stocks

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Capital One Financial upped their price target on shares of Occidental Petroleum from $67.00 to $70.00 in a report on Wednesday. Citigroup decreased their price target on shares of Occidental Petroleum from $67.00 to $62.00 and set a "neutral" rating for the company in a report on Friday, April 17th. Zacks Research upgraded shares of Occidental Petroleum from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 31st. Mizuho upped their price target on shares of Occidental Petroleum from $72.00 to $75.00 and gave the company an "outperform" rating in a report on Wednesday. Finally, Piper Sandler upgraded shares of Occidental Petroleum from a "neutral" rating to an "overweight" rating and upped their price target for the company from $54.00 to $66.00 in a report on Thursday, March 12th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Occidental Petroleum currently has an average rating of "Hold" and an average price target of $63.74.

Occidental Petroleum Stock Up 0.8%

NYSE OXY opened at $57.34 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.01 and a current ratio of 1.21. The firm has a 50-day simple moving average of $58.92 and a 200 day simple moving average of $49.92. Occidental Petroleum Corporation has a twelve month low of $38.80 and a twelve month high of $67.45. The stock has a market cap of $57.03 billion, a PE ratio of 14.44 and a beta of 0.17.

Occidental Petroleum (NYSE:OXY - Get Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The oil and gas producer reported $1.06 EPS for the quarter, topping analysts' consensus estimates of $0.60 by $0.46. Occidental Petroleum had a net margin of 19.98% and a return on equity of 9.65%. The firm had revenue of $5.11 billion during the quarter, compared to analysts' expectations of $5.44 billion. During the same quarter last year, the company earned $0.14 earnings per share. The company's revenue for the quarter was down 8.3% compared to the same quarter last year. On average, research analysts forecast that Occidental Petroleum Corporation will post 5.33 EPS for the current year.

Occidental Petroleum Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, June 10th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 1.8%. The ex-dividend date is Wednesday, June 10th. Occidental Petroleum's payout ratio is 26.20%.

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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