Mitsubishi UFJ Asset Management Co. Ltd. Purchases 83,263 Shares of Occidental Petroleum Corporation $OXY

Key Points

• Mitsubishi UFJ Asset Management increased its stake in Occidental Petroleum by 5.7% in Q4, buying 83,263 shares to hold 1,539,035 shares worth about $65.22 million (roughly 0.16% of the company).
• Occidental beat Q1 EPS estimates (reported $1.06 vs. $0.60 consensus) with profits helped by an asset sale and higher oil realizations, but the company has stopped adding new oil hedges—raising potential upside with more near‑term volatility.

Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Occidental Petroleum Corporation (NYSE:OXY - Free Report) by 5.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,539,035 shares of the oil and gas producer's stock after purchasing an additional 83,263 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.16% of Occidental Petroleum worth $65,224,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Occidental Petroleum by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 89,900,677 shares of the oil and gas producer's stock worth $3,696,716,000 after purchasing an additional 699,137 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Occidental Petroleum by 11.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 8,718,939 shares of the oil and gas producer's stock worth $412,045,000 after purchasing an additional 900,677 shares during the last quarter. Invesco Ltd. boosted its position in shares of Occidental Petroleum by 0.4% in the 3rd quarter. Invesco Ltd. now owns 5,658,899 shares of the oil and gas producer's stock worth $267,383,000 after purchasing an additional 24,755 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Occidental Petroleum by 0.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 4,241,267 shares of the oil and gas producer's stock worth $200,400,000 after purchasing an additional 15,304 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in shares of Occidental Petroleum by 9.9% in the 3rd quarter. American Century Companies Inc. now owns 3,905,711 shares of the oil and gas producer's stock worth $184,545,000 after purchasing an additional 353,056 shares during the last quarter. 88.70% of the stock is currently owned by institutional investors.

Key Stories Impacting Occidental Petroleum

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

• Positive Sentiment: Q1 earnings beat on EPS and production strength — OXY reported an EPS beat and stronger production volumes, which supports profit and valuation upside. Occidental Petroleum (OXY) Q1 Earnings Surpass Estimates
• Positive Sentiment: Profit boost from asset sale and higher oil realizations helped reported profits — this one‑time gain and higher realized prices supported the quarter’s bottom line. Occidental Petroleum’s profit surges on asset sale, higher oil prices
• Positive Sentiment: Deleveraging remains a priority despite guidance moves — Morningstar says guidance revisions don’t derail the company’s progress reducing debt, which is a long‑term positive for equity holders. Occidental Earnings: Guidance Revisions Won't Stop Deleveraging
• Neutral Sentiment: Management stopped adding new oil hedges (will not hedge at $76), shifting the company to be more levered to spot prices — could boost earnings if oil rises but increases volatility and less revenue certainty. Occidental Just Stopped Hedging Oil at $76. Here's What That Bet Means for OXY Investors.
• Neutral Sentiment: Company publicly confirmed it will scrap new hedges after recent volatility — removes downside protection and ties near‑term results more directly to crude moves. Occidental scraps new oil hedges as Iran war fuels price volatility
• Neutral Sentiment: Full Q1 presentation and earnings call transcript are available for detail; investors will parse guidance, capex, and cash‑flow cadence. Occidental Petroleum Corporation (OXY) Q1 2026 Earnings Call Transcript
• Negative Sentiment: Geo‑political headlines (reports of a potential Iran peace deal) pushed oil prices lower and weighed on OXY and other integrated/upstream peers — biggest near‑term drag on the stock. Why Occidental Petroleum Retreated Today
• Negative Sentiment: Analyst caution / profit‑taking calls after the Q1 pop — some analysts highlight hedging losses, negative free cash flow in the period, and have recommended taking profits or downgraded near‑term ratings. Occidental Petroleum: Time To Take Profits At Fair Value (Rating Downgrade)

Analyst Ratings Changes

OXY has been the topic of several recent research reports. Piper Sandler upgraded Occidental Petroleum from a "neutral" rating to an "overweight" rating and raised their price target for the stock from $54.00 to $66.00 in a research report on Thursday, March 12th. Mizuho raised their price target on Occidental Petroleum from $67.00 to $72.00 and gave the stock an "outperform" rating in a research report on Tuesday, March 17th. Wall Street Zen upgraded Occidental Petroleum from a "sell" rating to a "hold" rating in a research report on Saturday, February 28th. Susquehanna raised their price objective on Occidental Petroleum from $60.00 to $67.00 and gave the stock a "positive" rating in a research note on Tuesday, April 21st. Finally, Raymond James Financial raised their price objective on Occidental Petroleum from $64.00 to $75.00 and gave the stock an "outperform" rating in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $62.91.

Occidental Petroleum Stock Performance

Shares of Occidental Petroleum stock opened at $53.89 on Friday. The company has a market capitalization of $53.60 billion, a PE ratio of 13.57 and a beta of 0.17. Occidental Petroleum Corporation has a 12 month low of $38.80 and a 12 month high of $67.45. The company has a current ratio of 1.21, a quick ratio of 0.74 and a debt-to-equity ratio of 0.49. The stock's fifty day simple moving average is $58.02 and its 200 day simple moving average is $48.18.

Occidental Petroleum (NYSE:OXY - Get Free Report) last issued its quarterly earnings data on Tuesday, May 5th. The oil and gas producer reported $1.06 EPS for the quarter, topping the consensus estimate of $0.60 by $0.46. Occidental Petroleum had a return on equity of 9.65% and a net margin of 19.98%.The business had revenue of $5.11 billion for the quarter, compared to the consensus estimate of $5.44 billion. During the same quarter last year, the business posted $0.14 EPS. The firm's revenue was down 8.3% compared to the same quarter last year. On average, research analysts predict that Occidental Petroleum Corporation will post 4.77 EPS for the current year.

Occidental Petroleum Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, June 10th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $1.04 annualized dividend and a dividend yield of 1.9%. Occidental Petroleum's dividend payout ratio (DPR) is currently 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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