Rep. Robert Bresnahan, Jr. Purchases Shares of Occidental Petroleum Co. (NYSE:OXY)

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently bought shares of Occidental Petroleum Co. NYSE: OXY. In a filing disclosed on May 31st, the Representative disclosed that they had bought between $1,001 and $15,000 in Occidental Petroleum stock on May 15th. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT" account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Zimmer Biomet NYSE: ZBH on 5/15/2025.
• Sold $15,001 - $50,000 in shares of Elevance Health NYSE: ELV on 5/15/2025.
• Sold $15,001 - $50,000 in shares of PepsiCo NASDAQ: PEP on 5/15/2025.
• Sold $1,001 - $15,000 in shares of WEC Energy Group NYSE: WEC on 5/15/2025.
• Purchased $15,001 - $50,000 in shares of Advanced Micro Devices NASDAQ: AMD on 5/15/2025.
• Purchased $1,001 - $15,000 in shares of Hershey NYSE: HSY on 5/15/2025.
• Purchased $1,001 - $15,000 in shares of Kraft Heinz NASDAQ: KHC on 5/15/2025.
• Sold $1,001 - $15,000 in shares of Exxon Mobil NYSE: XOM on 5/15/2025.
• Sold $1,001 - $15,000 in shares of Danaher NYSE: DHR on 5/15/2025.
• Sold $1,001 - $15,000 in shares of International Flavors & Fragrances NYSE: IFF on 5/15/2025.

Occidental Petroleum Stock Performance

Shares of NYSE OXY traded up $0.76 during mid-day trading on Friday, hitting $42.58. The company had a trading volume of 6,847,107 shares, compared to its average volume of 11,308,404. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.95 and a quick ratio of 0.76. The business's 50-day simple moving average is $40.89 and its 200-day simple moving average is $46.13. Occidental Petroleum Co. has a 12 month low of $34.79 and a 12 month high of $64.76. The firm has a market cap of $41.90 billion, a P/E ratio of 17.45 and a beta of 0.87.

Occidental Petroleum (NYSE:OXY - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The oil and gas producer reported $0.87 earnings per share for the quarter, beating analysts' consensus estimates of $0.74 by $0.13. Occidental Petroleum had a return on equity of 16.33% and a net margin of 11.37%. The company had revenue of $6.80 billion for the quarter, compared to the consensus estimate of $6.97 billion. During the same period in the previous year, the business earned $0.63 earnings per share. The company's quarterly revenue was up 13.9% on a year-over-year basis. As a group, analysts predict that Occidental Petroleum Co. will post 3.58 earnings per share for the current fiscal year.

Occidental Petroleum Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, June 10th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.25%. The ex-dividend date is Tuesday, June 10th. Occidental Petroleum's payout ratio is presently 39.02%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on OXY shares. Wall Street Zen downgraded Occidental Petroleum from a "hold" rating to a "sell" rating in a report on Thursday, February 27th. Raymond James downgraded Occidental Petroleum from a "strong-buy" rating to an "outperform" rating and reduced their price objective for the stock from $81.00 to $64.00 in a report on Monday, March 10th. Hsbc Global Res raised Occidental Petroleum to a "hold" rating in a report on Wednesday, April 16th. Citigroup upped their target price on shares of Occidental Petroleum from $42.00 to $44.00 and gave the company a "neutral" rating in a research report on Monday, May 19th. Finally, UBS Group dropped their target price on shares of Occidental Petroleum from $44.00 to $38.00 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Occidental Petroleum has an average rating of "Hold" and a consensus price target of $53.14.

Institutional Investors Weigh In On Occidental Petroleum

A number of large investors have recently added to or reduced their stakes in OXY. Benchmark Investment Advisors LLC purchased a new position in Occidental Petroleum during the 4th quarter valued at about $642,000. Fisher Asset Management LLC lifted its position in Occidental Petroleum by 1.1% during the 4th quarter. Fisher Asset Management LLC now owns 613,647 shares of the oil and gas producer's stock valued at $30,320,000 after acquiring an additional 6,461 shares during the period. Rule One Partners LLC lifted its position in Occidental Petroleum by 18.1% during the 4th quarter. Rule One Partners LLC now owns 325,501 shares of the oil and gas producer's stock valued at $16,083,000 after acquiring an additional 50,000 shares during the period. Mountain Lake Investment Management LLC purchased a new position in Occidental Petroleum during the 4th quarter valued at about $618,000. Finally, Milestones Administradora de Recursos Ltda. lifted its position in Occidental Petroleum by 10.6% during the 4th quarter. Milestones Administradora de Recursos Ltda. now owns 193,820 shares of the oil and gas producer's stock valued at $9,577,000 after acquiring an additional 18,500 shares during the period. Institutional investors own 88.70% of the company's stock.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election. Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

Occidental Petroleum Company Profile

Occidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in the United States, the Middle East, and North Africa. It operates through three segments: Oil and Gas, Chemical, and Midstream and Marketing. The company's Oil and Gas segment explores for, develops, and produces oil and condensate, natural gas liquids (NGLs), and natural gas.