Occidental Petroleum Corporation $OXY Stock Sold by Hosking Partners LLP

Hosking Partners LLP trimmed its position in Occidental Petroleum Corporation (NYSE:OXY - Free Report) by 27.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 262,066 shares of the oil and gas producer's stock after selling 97,931 shares during the quarter. Hosking Partners LLP's holdings in Occidental Petroleum were worth $14,497,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Berkshire Hathaway Inc purchased a new position in Occidental Petroleum during the second quarter worth about $12,868,205,000. State Street Corp grew its holdings in shares of Occidental Petroleum by 6.6% in the second quarter. State Street Corp now owns 46,141,269 shares of the oil and gas producer's stock valued at $2,252,271,000 after purchasing an additional 2,870,472 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Occidental Petroleum by 84.8% in the second quarter. Bank of New York Mellon Corp now owns 10,643,916 shares of the oil and gas producer's stock valued at $516,975,000 after purchasing an additional 4,882,834 shares in the last quarter. Danske Bank A S purchased a new stake in Occidental Petroleum during the 2nd quarter worth approximately $172,413,000. Finally, Legal & General Group Plc purchased a new stake in Occidental Petroleum during the 2nd quarter worth approximately $168,860,000. 88.70% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on OXY. Citigroup reduced their target price on shares of Occidental Petroleum from $62.00 to $60.00 and set a "neutral" rating on the stock in a report on Friday, July 17th. BMO Capital Markets restated a "market perform" rating and issued a $68.00 price target on shares of Occidental Petroleum in a research note on Wednesday, October 14th. Wall Street Zen raised Occidental Petroleum from a "buy" rating to a "strong-buy" rating in a research report on Saturday, October 10th. UBS Group increased their price objective on Occidental Petroleum from $67.00 to $73.00 and gave the company a "neutral" rating in a research note on Wednesday, October 14th. Finally, Seaport Research Partners began coverage on Occidental Petroleum in a research note on Thursday, September 3rd. They issued a "buy" rating and a $73.00 price objective on the stock. Thirteen analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company. According to data from MarketBeat, Occidental Petroleum currently has an average rating of "Hold" and a consensus target price of $67.46.

Occidental Petroleum Stock Down 0.3%

Shares of NYSE OXY opened at $62.71 on Thursday. The business has a 50-day moving average of $59.65 and a two-hundred day moving average of $57.21. The company has a market capitalization of $62.69 billion, a price-to-earnings ratio of 14.27, a price-to-earnings-growth ratio of 0.94 and a beta of 0.24. Occidental Petroleum Corporation has a 1 year low of $38.80 and a 1 year high of $67.45. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.41 and a quick ratio of 1.13.

Occidental Petroleum (NYSE:OXY - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The oil and gas producer reported $2.40 EPS for the quarter, beating analysts' consensus estimates of $1.83 by $0.57. Occidental Petroleum had a return on equity of 15.31% and a net margin of 28.36%. The business had revenue of $8.06 billion for the quarter, compared to the consensus estimate of $7.07 billion. During the same quarter in the prior year, the business posted $0.39 EPS. The business's revenue for the quarter was up 53.4% on a year-over-year basis. On average, analysts forecast that Occidental Petroleum Corporation will post 6.43 earnings per share for the current fiscal year.

Occidental Petroleum Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Thursday, September 10th were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 1.8%. This is a positive change from Occidental Petroleum's previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Thursday, September 10th. Occidental Petroleum's dividend payout ratio is currently 17.34%.

Key Headlines Impacting Occidental Petroleum

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

• Positive Sentiment: Analyst upgrades and higher price targets support the stock. Roth Capital upgraded OXY to “Buy” with a $70 target, while Susquehanna raised its target from $70 to $77 and maintained a positive rating. Stephens also forecast strong potential appreciation. These actions signal improving Wall Street confidence in Occidental’s earnings and valuation. Roth Capital upgrades Occidental Petroleum stock Stephens forecasts strong price appreciation
• Positive Sentiment: Improving crude prices could lift cash flow. A climb in crude prices is helping stabilize the outlook for Occidental’s oil-and-gas operations as investors approach earnings. Higher realized prices generally support production revenue, margins and debt reduction. Climbing crude and Occidental earnings week
• Positive Sentiment: Estimate revisions and momentum screens are favorable. OXY was included among S&P 500 companies seeing notable earnings-estimate increases, while Zacks highlighted its momentum characteristics and growing investor interest. The company’s previous quarter also featured substantially higher revenue and an EPS beat, providing a favorable comparison heading into the next report.
• Neutral Sentiment: Earnings are the next major catalyst. Multiple reports emphasize that OXY is in earnings week. Investors will focus on production, realized oil prices, free cash flow, debt repayment and management’s outlook; strong results could validate the higher targets, while a cautious forecast could limit gains.
• Negative Sentiment: Commodity-price and execution risks remain. The bullish case depends heavily on sustained crude strength. Any reversal in oil prices, weaker production, or disappointing guidance could pressure earnings and offset the recent analyst optimism.

About Occidental Petroleum

Occidental Petroleum Corporation is an energy company engaged in oil and natural gas exploration, development and production. Its operations are focused primarily on the United States, including the Permian and DJ basins, as well as selected international regions in the Middle East and North Africa.

The company's OxyChem subsidiary manufactures and markets chlor-alkali chemicals, vinyls and other chemical products used in water treatment, construction, healthcare, packaging and industrial applications.

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