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

Representative Jefferson Shreve (R-Indiana) recently sold shares of Occidental Petroleum Co. NYSE: OXY. In a filing disclosed on May 08th, the Representative disclosed that they had sold between $15,001 and $50,000 in Occidental Petroleum stock on April 7th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

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

• Purchased $50,001 - $100,000 in shares of Chipotle Mexican Grill NYSE: CMG on 4/17/2025.
• Purchased $50,001 - $100,000 in shares of Applied Materials NASDAQ: AMAT on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Caterpillar NYSE: CAT on 4/17/2025.
• Sold $15,001 - $50,000 in shares of Lululemon Athletica NASDAQ: LULU on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Western Digital NASDAQ: WDC on 4/17/2025.
• Sold $15,001 - $50,000 in shares of Zoetis NYSE: ZTS on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Stryker NYSE: SYK on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of NextEra Energy NYSE: NEE on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of CSX NASDAQ: CSX on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Ross Stores NASDAQ: ROST on 4/17/2025.

Occidental Petroleum Price Performance

Shares of NYSE OXY traded down $0.39 during trading hours on Wednesday, reaching $44.01. 3,128,082 shares of the stock traded hands, compared to its average volume of 11,102,930. The company has a market capitalization of $43.31 billion, a P/E ratio of 18.01 and a beta of 0.81. The company's 50-day simple moving average is $42.90 and its two-hundred day simple moving average is $47.12. The company has a quick ratio of 0.76, a current ratio of 0.95 and a debt-to-equity ratio of 0.95. Occidental Petroleum Co. has a 52-week low of $34.79 and a 52-week high of $64.76.

Occidental Petroleum (NYSE:OXY - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The oil and gas producer reported $0.87 earnings per share (EPS) 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 firm had revenue of $6.80 billion for the quarter, compared to analysts' expectations of $6.97 billion. During the same period last year, the firm earned $0.63 earnings per share. The company's revenue for the quarter was up 13.9% compared to the same quarter last year. Equities research analysts forecast that Occidental Petroleum Co. will post 3.58 EPS for the current year.

Occidental Petroleum Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, June 10th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.18%. The ex-dividend date is Tuesday, June 10th. Occidental Petroleum's dividend payout ratio (DPR) is currently 39.02%.

Analyst Ratings Changes

OXY has been the topic of several analyst reports. Susquehanna decreased their target price on shares of Occidental Petroleum from $59.00 to $55.00 and set a "positive" rating on the stock in a research note on Tuesday, April 22nd. Raymond James downgraded Occidental Petroleum from a "strong-buy" rating to an "outperform" rating and reduced their price target for the company from $81.00 to $64.00 in a report on Monday, March 10th. Mizuho dropped their price objective on Occidental Petroleum from $60.00 to $58.00 and set a "neutral" rating for the company in a report on Tuesday. JPMorgan Chase & Co. reduced their target price on Occidental Petroleum from $52.00 to $47.00 and set a "neutral" rating on the stock in a research note on Friday, May 9th. Finally, Citigroup decreased their target price on Occidental Petroleum from $56.00 to $51.00 and set a "neutral" rating for the company in a report on Monday, March 17th. Three equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $53.48.

Institutional Investors Weigh In On Occidental Petroleum

Hedge funds have recently modified their holdings of the business. Principal Financial Group Inc. raised its stake in shares of Occidental Petroleum by 7.1% in the third quarter. Principal Financial Group Inc. now owns 773,762 shares of the oil and gas producer's stock worth $39,880,000 after buying an additional 51,042 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in Occidental Petroleum by 1.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 77,080 shares of the oil and gas producer's stock worth $3,973,000 after acquiring an additional 926 shares during the period. Harbor Capital Advisors Inc. lifted its holdings in Occidental Petroleum by 5.8% during the fourth quarter. Harbor Capital Advisors Inc. now owns 23,368 shares of the oil and gas producer's stock valued at $1,155,000 after purchasing an additional 1,274 shares in the last quarter. Czech National Bank increased its stake in shares of Occidental Petroleum by 6.8% in the fourth quarter. Czech National Bank now owns 146,485 shares of the oil and gas producer's stock worth $7,238,000 after purchasing an additional 9,322 shares in the last quarter. Finally, Brookstone Capital Management raised its position in shares of Occidental Petroleum by 13.3% during the 4th quarter. Brookstone Capital Management now owns 11,630 shares of the oil and gas producer's stock valued at $575,000 after purchasing an additional 1,367 shares during the period. Institutional investors own 88.70% of the company's stock.

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.