Rep. Jefferson Shreve Sells Off Shares of Occidental Petroleum Corporation (NYSE:OXY)

Representative Jefferson Shreve (R-Indiana) recently sold shares of Occidental Petroleum Corporation NYSE: OXY. In a filing disclosed on June 22nd, the Representative disclosed that they had sold between $15,001 and $50,000 in Occidental Petroleum stock on May 12th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

Representative Jefferson Shreve also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of Hubbell NYSE: HUBB on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Trane Technologies NYSE: TT on 5/12/2025.
• Sold $15,001 - $50,000 in shares of RTX NYSE: RTX on 5/12/2025.
• Sold $50,001 - $100,000 in shares of NiSource NYSE: NI on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Johnson & Johnson NYSE: JNJ on 5/12/2025.
• Sold $15,001 - $50,000 in shares of AppLovin NASDAQ: APP on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Fiserv NYSE: FI on 5/12/2025.
• Sold $15,001 - $50,000 in shares of CNO Financial Group NYSE: CNO on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Cboe Global Markets NASDAQ: CBOE on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Lam Research NASDAQ: LRCX on 5/12/2025.

Occidental Petroleum Stock Up 0.2%

Occidental Petroleum stock traded up $0.08 during midday trading on Friday, reaching $44.71. The stock had a trading volume of 5,626,932 shares, compared to its average volume of 10,707,318. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.79 and a current ratio of 1.01. The firm's fifty day simple moving average is $43.43 and its 200-day simple moving average is $44.92. The stock has a market capitalization of $44.00 billion, a P/E ratio of 18.18 and a beta of 0.84. Occidental Petroleum Corporation has a 1-year low of $34.78 and a 1-year high of $61.35.

Occidental Petroleum (NYSE:OXY - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The oil and gas producer reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.13. The business had revenue of $6.80 billion during the quarter, compared to analysts' expectations of $6.97 billion. Occidental Petroleum had a return on equity of 16.60% and a net margin of 11.20%. The firm's revenue for the quarter was up 13.9% compared to the same quarter last year. During the same period last year, the firm posted $0.63 EPS. As a group, analysts expect that Occidental Petroleum Corporation will post 3.58 EPS for the current fiscal year.

Occidental Petroleum Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Tuesday, June 10th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date of this dividend was Tuesday, June 10th. Occidental Petroleum's dividend payout ratio is presently 39.02%.

Hedge Funds Weigh In On Occidental Petroleum

Large investors have recently bought and sold shares of the business. Altshuler Shaham Ltd purchased a new position in Occidental Petroleum in the fourth quarter valued at $26,000. Whipplewood Advisors LLC acquired a new stake in shares of Occidental Petroleum during the fourth quarter worth about $27,000. VSM Wealth Advisory LLC acquired a new stake in shares of Occidental Petroleum in the 4th quarter valued at approximately $27,000. Bernard Wealth Management Corp. acquired a new stake in shares of Occidental Petroleum during the 4th quarter valued at approximately $32,000. Finally, Grove Bank & Trust increased its stake in shares of Occidental Petroleum by 129.2% during the 1st quarter. Grove Bank & Trust now owns 722 shares of the oil and gas producer's stock worth $36,000 after purchasing an additional 407 shares in the last quarter. Hedge funds and other institutional investors own 88.70% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on OXY shares. Mizuho lowered their target price on Occidental Petroleum from $60.00 to $58.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. Piper Sandler increased their price objective on Occidental Petroleum from $48.00 to $50.00 and gave the stock a "neutral" rating in a research note on Thursday, July 17th. JPMorgan Chase & Co. increased their price target on Occidental Petroleum from $47.00 to $48.00 and gave the company a "neutral" rating in a research report on Tuesday, July 15th. Hsbc Global Res raised Occidental Petroleum to a "hold" rating in a research note on Wednesday, April 16th. Finally, Citigroup boosted their target price on Occidental Petroleum from $42.00 to $44.00 and gave the company a "neutral" rating in a research note on Monday, May 19th. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $53.71.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

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.