Oak Thistle LLC Takes $1.09 Million Position in Occidental Petroleum Corporation $OXY

Key Points

• Oak Thistle LLC purchased a new stake of 26,472 shares in Occidental Petroleum, valued at approximately $1.09 million, during the fourth quarter per its 13F filing.
• Occidental reported Q4 EPS of $0.31 (beating estimates) but revenue of $5.11B missed expectations; the company also raised its quarterly dividend to $0.26 (annualized $1.04, ~1.8% yield).
• Positive catalysts include a Gulf of America oil discovery at the Bandit prospect and a 9% increase in Oxy Oman production alongside analyst upgrades (Wells Fargo set a $72 target), while oil-price volatility and a recent geopolitical ceasefire present downside risk.

Oak Thistle LLC purchased a new stake in shares of Occidental Petroleum Corporation (NYSE:OXY - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 26,472 shares of the oil and gas producer's stock, valued at approximately $1,089,000.

A number of other large investors have also made changes to their positions in the company. City Holding Co. increased its stake in Occidental Petroleum by 250.0% in the 3rd quarter. City Holding Co. now owns 700 shares of the oil and gas producer's stock valued at $33,000 after buying an additional 500 shares during the period. Binnacle Investments Inc acquired a new position in Occidental Petroleum in the 3rd quarter valued at approximately $35,000. GoalVest Advisory LLC acquired a new position in Occidental Petroleum in the 3rd quarter valued at approximately $38,000. Tripletail Wealth Management LLC acquired a new position in Occidental Petroleum in the 3rd quarter valued at approximately $49,000. Finally, JPL Wealth Management LLC acquired a new position in Occidental Petroleum in the 3rd quarter valued at approximately $52,000. Institutional investors and hedge funds own 88.70% of the company's stock.

Occidental Petroleum Stock Performance

Shares of OXY opened at $58.53 on Friday. The company's fifty day moving average is $54.52 and its 200-day moving average is $46.61. Occidental Petroleum Corporation has a 12 month low of $35.67 and a 12 month high of $67.45. The firm has a market cap of $58.05 billion, a price-to-earnings ratio of 36.36 and a beta of 0.23. 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 EPS 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 company had revenue of $5.11 billion for the quarter, compared to analyst estimates of $6.02 billion. During the same quarter in the prior year, the business posted $0.80 EPS. Occidental Petroleum's quarterly revenue was down 5.2% on a year-over-year basis. Equities analysts expect that Occidental Petroleum Corporation will post 3.58 EPS for the current fiscal year.

Occidental Petroleum Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 10th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $1.04 annualized dividend and a dividend yield of 1.8%. This is an increase from Occidental Petroleum's previous quarterly dividend of $0.24. Occidental Petroleum's payout ratio is currently 64.60%.

Key Headlines Impacting Occidental Petroleum

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

• Positive Sentiment: Discovery upside: Occidental announced an oil discovery at the Bandit prospect (Green Canyon Block 680) in the Gulf of America; the well encountered full-to-base, high-quality Miocene sands and has tie‑back potential, which could add low‑cost barrels and lift reserve and production optionality. Read More.
• Positive Sentiment: Operational growth: Oxy Oman reported a 9% increase in hydrocarbon production, supporting near‑term cash flow and demonstrating execution on existing assets in the Middle East. Strong regional production helps diversify Occidental’s growth drivers. Read More.
• Positive Sentiment: Analyst upgrade: Wells Fargo raised its price target to $72 and moved OXY to Overweight, signaling bullish analyst sentiment and implying significant upside from current levels if commodity and execution assumptions hold. Analyst support can spur demand for the stock. Read More.
• Positive Sentiment: Price‑target lift from BMO: BMO raised its target to $65 (market‑perform), a smaller endorsement but additional analyst upward pressure on valuation. Read More.
• Neutral Sentiment: Volatility explained: Multiple reports note OXY’s high leverage to crude prices — the stock tends to amplify oil moves, so headlines and geopolitical noise create sharp intraday swings. This explains today’s early strength and later weakness. Read More.
• Neutral Sentiment: Valuation watch: Coverage questioning whether OXY’s big multi‑month rally leaves less upside than before highlights valuation risk — the stock is now more sensitive to near‑term oil moves and execution updates. Investors should weigh oil exposure vs. growth from discoveries and production. Read More.
• Negative Sentiment: Geopolitical ceasefire reduces oil price support: Shares fell after news of a two‑week suspension of attacks on Iran (announced by President Trump), which triggered a large decline in crude prices — a direct negative for Occidental’s upstream revenues and near‑term cash flow. Read More.

Analyst Ratings Changes

OXY has been the topic of several research reports. Susquehanna upped their price objective on shares of Occidental Petroleum from $51.00 to $60.00 and gave the company a "positive" rating in a research note on Friday, February 20th. Scotiabank upgraded shares of Occidental Petroleum to a "hold" rating in a research note on Friday, March 27th. Mizuho upped their price objective on shares of Occidental Petroleum from $67.00 to $72.00 and gave the company an "outperform" rating in a research note on Tuesday, March 17th. Zacks Research upgraded shares of Occidental Petroleum from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 31st. Finally, Barclays upped their price objective on shares of Occidental Petroleum from $55.00 to $59.00 and gave the company an "equal weight" rating in a research note on Monday, March 16th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Occidental Petroleum presently has a consensus rating of "Hold" and a consensus target price of $59.87.

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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