Rep. Marjorie Taylor Greene Purchases Shares of Occidental Petroleum Co. (NYSE:OXY)

Representative Marjorie Taylor Greene (R-Georgia) recently bought shares of Occidental Petroleum Co. NYSE: OXY. In a filing disclosed on May 06th, the Representative disclosed that they had bought between $1,001 and $15,000 in Occidental Petroleum stock on May 5th.

Representative Marjorie Taylor Greene also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of AbbVie NYSE: ABBV on 5/5/2025.
• Purchased $1,001 - $15,000 in shares of Paychex NASDAQ: PAYX on 5/5/2025.
• Purchased $1,001 - $15,000 in shares of MercadoLibre NASDAQ: MELI on 5/5/2025.
• Purchased $1,001 - $15,000 in shares of Starbucks NASDAQ: SBUX on 5/5/2025.
• Purchased $1,001 - $15,000 in shares of BP NYSE: BP on 5/5/2025.
• Purchased $1,001 - $15,000 in shares of Gilead Sciences NASDAQ: GILD on 5/5/2025.
• Purchased $1,001 - $15,000 in shares of BHP Group NYSE: BHP on 5/5/2025.
• Purchased $1,001 - $15,000 in shares of Advanced Micro Devices NASDAQ: AMD on 5/5/2025.
• Purchased $1,001 - $15,000 in shares of Alphabet NASDAQ: GOOG on 5/5/2025.
• Purchased $1,001 - $15,000 in shares of Impinj NASDAQ: PI on 5/5/2025.

Occidental Petroleum Stock Down 0.6 %

Shares of NYSE:OXY opened at $39.03 on Thursday. The company has a market capitalization of $36.68 billion, a PE ratio of 15.99 and a beta of 0.81. Occidental Petroleum Co. has a 1 year low of $34.79 and a 1 year high of $64.76. 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 has a fifty day moving average price of $43.15 and a two-hundred day moving average price of $47.39.

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

Occidental Petroleum Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, June 10th will be given a $0.24 dividend. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $0.96 annualized dividend and a yield of 2.46%. Occidental Petroleum's dividend payout ratio is currently 39.34%.

Insider Buying and Selling

In other news, major shareholder Berkshire Hathaway Inc purchased 763,017 shares of the business's stock in a transaction on Friday, February 7th. The shares were acquired at an average price of $46.82 per share, with a total value of $35,724,455.94. Following the acquisition, the insider now directly owns 264,941,431 shares in the company, valued at approximately $12,404,557,799.42. The trade was a 0.29 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.49% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

OXY has been the subject of a number of recent research reports. Barclays decreased their target price on Occidental Petroleum from $58.00 to $46.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 23rd. Morgan Stanley set a $58.00 price objective on shares of Occidental Petroleum and gave the company an "overweight" rating in a report on Wednesday, March 26th. UBS Group reduced 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 note on Wednesday, April 16th. The Goldman Sachs Group cut shares of Occidental Petroleum from a "neutral" rating to a "sell" rating and dropped their price target for the company from $54.00 to $45.00 in a research note on Friday, January 31st. Finally, Truist Financial boosted their target price on shares of Occidental Petroleum from $56.00 to $58.00 and gave the company a "hold" rating in a report on Monday, January 13th. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $54.19.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in OXY. Altshuler Shaham Ltd bought a new position in shares of Occidental Petroleum during the 4th quarter valued at $26,000. VSM Wealth Advisory LLC bought a new position in shares of Occidental Petroleum during the fourth quarter valued at about $27,000. Whipplewood Advisors LLC purchased a new position in shares of Occidental Petroleum in the fourth quarter worth about $27,000. Bernard Wealth Management Corp. bought a new stake in shares of Occidental Petroleum in the 4th quarter valued at about $32,000. Finally, Grove Bank & Trust boosted its holdings in Occidental Petroleum by 129.2% during the 1st quarter. Grove Bank & Trust now owns 722 shares of the oil and gas producer's stock valued at $36,000 after acquiring an additional 407 shares during the period. 88.70% of the stock is owned by hedge funds and other institutional investors.

About Representative Greene

Marjorie Taylor Greene (Republican Party) is a member of the U.S. House, representing Georgia's 14th Congressional District. She assumed office on January 3, 2021. Her current term ends on January 3, 2027. Greene (Republican Party) is running for re-election to the U.S. House to represent Georgia's 14th Congressional District. She declared candidacy for the 2026 election.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.