M&T Bank Corp Buys 331,375 Shares of Occidental Petroleum Corporation $OXY

Key Points

• M&T Bank Corp boosted its stake in Occidental Petroleum by 875.7% in Q4, purchasing 331,375 shares to hold 369,217 shares valued at about $15.18 million at quarter-end.
• Occidental reported Q4 EPS of $0.31 (beating estimates) but revenue of $5.11B missed expectations, raised its quarterly dividend to $0.26 ($1.04 annual, 1.8% yield), and carries a consensus analyst rating of "Hold" with a target of $61.83.

M&T Bank Corp grew its stake in Occidental Petroleum Corporation (NYSE:OXY - Free Report) by 875.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 369,217 shares of the oil and gas producer's stock after acquiring an additional 331,375 shares during the quarter. M&T Bank Corp's holdings in Occidental Petroleum were worth $15,182,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Universal Beteiligungs und Servicegesellschaft mbH increased its stake in shares of Occidental Petroleum by 32.6% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 283,590 shares of the oil and gas producer's stock valued at $11,821,000 after acquiring an additional 69,779 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd grew its holdings in shares of Occidental Petroleum by 7.2% in the 4th quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 12,790 shares of the oil and gas producer's stock valued at $517,000 after buying an additional 854 shares during the period. Jeppson Wealth Management LLC grew its holdings in shares of Occidental Petroleum by 14.2% in the 4th quarter. Jeppson Wealth Management LLC now owns 35,034 shares of the oil and gas producer's stock valued at $1,441,000 after buying an additional 4,365 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Occidental Petroleum by 0.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 357,109 shares of the oil and gas producer's stock valued at $14,684,000 after buying an additional 3,319 shares during the period. Finally, Miller Howard Investments Inc. NY grew its holdings in shares of Occidental Petroleum by 4.8% in the 4th quarter. Miller Howard Investments Inc. NY now owns 73,671 shares of the oil and gas producer's stock valued at $3,029,000 after buying an additional 3,401 shares during the period. 88.70% of the stock is owned by institutional investors.

Key Stories Impacting Occidental Petroleum

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

• Positive Sentiment: Susquehanna upgraded its outlook and forecasted strong price appreciation for OXY, citing momentum in oil and improving fundamentals that support upside potential. Article Title
• Positive Sentiment: Warren Buffett remains bullish on Occidental (longtime large shareholder), which continues to be viewed as a vote of confidence for investors concerned about oil sensitivity and capital allocation. Article Title
• Positive Sentiment: Media coverage highlights that OXY has surged this year (roughly 38% in 2026) as rising oil prices have driven revenue and sentiment — a key near-term driver for the stock. Article Title
• Positive Sentiment: Zacks notes OXY’s 2026 EPS estimate has risen, suggesting analysts are raising earnings outlooks which can support higher multiples. Article Title
• Neutral Sentiment: Scotiabank raised its price target on OXY from $46 to $57 but kept a "sector perform" rating — the PT is roughly in line with the stock’s current level, so the move is mixed for near-term direction. Article Title
• Neutral Sentiment: Zacks/Yahoo pieces flag OXY as a trending/closely watched energy name and discuss Earnings ESP screens for potential surprises — increased attention can boost liquidity but is not a guarantee of further gains. Article Title
• Negative Sentiment: Comparisons with ConocoPhillips highlight that COP currently posts stronger ROE, lower leverage and a higher yield, which could make investors prefer COP over OXY on certain valuation or risk metrics. Article Title

Occidental Petroleum Trading Up 1.4%

Occidental Petroleum stock opened at $57.84 on Friday. The firm has a 50-day moving average of $56.62 and a 200-day moving average of $47.29. Occidental Petroleum Corporation has a one year low of $38.72 and a one year high of $67.45. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.94 and a quick ratio of 0.74. The company has a market cap of $57.36 billion, a price-to-earnings ratio of 35.93 and a beta of 0.23.

Occidental Petroleum (NYSE:OXY - Get Free Report) last issued its earnings results on Wednesday, February 18th. The oil and gas producer reported $0.31 earnings per share (EPS) for the quarter, beating 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 business had revenue of $5.11 billion during the quarter, compared to the consensus estimate of $6.02 billion. During the same period last year, the business posted $0.80 EPS. Occidental Petroleum's revenue was down 5.2% on a year-over-year basis. On average, equities analysts expect that Occidental Petroleum Corporation will post 4.01 earnings per share for the current fiscal year.

Occidental Petroleum Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 10th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.8%. This is a positive change from Occidental Petroleum's previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Tuesday, March 10th. Occidental Petroleum's dividend payout ratio (DPR) is presently 64.60%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on OXY shares. Barclays boosted their price target on shares of Occidental Petroleum from $55.00 to $59.00 and gave the company an "equal weight" rating in a report on Monday, March 16th. Argus raised shares of Occidental Petroleum to a "hold" rating in a report on Friday, February 27th. Capital One Financial decreased their price objective on Occidental Petroleum from $69.00 to $67.00 and set an "equal weight" rating for the company in a research report on Monday, April 13th. Mizuho boosted their price objective on Occidental Petroleum from $67.00 to $72.00 and gave the company an "outperform" rating in a research report on Tuesday, March 17th. Finally, TD Cowen boosted their price objective on Occidental Petroleum from $48.00 to $54.00 and gave the company a "hold" rating in a research report on Monday, February 23rd. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $61.83.

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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