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

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of Occidental Petroleum Co. NYSE: OXY. In a filing disclosed on April 28th, the Representative disclosed that they had sold between $15,001 and $50,000 in Occidental Petroleum stock on April 8th. 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 DexCom NASDAQ: DXCM on 4/8/2025.
• Sold $1,001 - $15,000 in shares of Invesco NYSE: IVZ on 4/8/2025.
• Sold $1,001 - $15,000 in shares of Generac NYSE: GNRC on 4/8/2025.
• Sold $15,001 - $50,000 in shares of Pfizer NYSE: PFE on 4/8/2025.
• Sold $1,001 - $15,000 in shares of QUALCOMM NASDAQ: QCOM on 4/8/2025.
• Sold $1,001 - $15,000 in shares of Best Buy NYSE: BBY on 4/8/2025.
• Sold $1,001 - $15,000 in shares of EOG Resources NYSE: EOG on 4/8/2025.
• Sold $1,001 - $15,000 in shares of CSX NASDAQ: CSX on 4/8/2025.
• Sold $1,001 - $15,000 in shares of Valero Energy NYSE: VLO on 4/8/2025.
• Sold $15,001 - $50,000 in shares of Accenture NYSE: ACN on 4/8/2025.

Occidental Petroleum Price Performance

Shares of Occidental Petroleum stock opened at $40.35 on Wednesday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.76 and a current ratio of 0.95. Occidental Petroleum Co. has a 52-week low of $34.79 and a 52-week high of $68.17. The company has a fifty day moving average of $44.29 and a 200-day moving average of $47.88. The stock has a market capitalization of $37.92 billion, a price-to-earnings ratio of 16.54 and a beta of 1.02.

Occidental Petroleum (NYSE:OXY - Get Free Report) last posted its quarterly earnings results on Tuesday, February 18th. The oil and gas producer reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 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 $6.84 billion during the quarter, compared to analyst estimates of $7.14 billion. Equities research analysts expect that Occidental Petroleum Co. will post 3.58 EPS for the current year.

Occidental Petroleum Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 10th were paid a dividend of $0.24 per share. The ex-dividend date was Monday, March 10th. This is an increase from Occidental Petroleum's previous quarterly dividend of $0.22. This represents a $0.96 annualized dividend and a dividend yield of 2.38%. Occidental Petroleum's dividend payout ratio (DPR) is 39.34%.

Institutional Investors Weigh In On Occidental Petroleum

Large investors have recently added to or reduced their stakes in the stock. Altshuler Shaham Ltd bought a new stake in shares of Occidental Petroleum in the fourth quarter worth $26,000. Whipplewood Advisors LLC purchased a new position in Occidental Petroleum in the fourth quarter worth about $27,000. VSM Wealth Advisory LLC bought a new stake in shares of Occidental Petroleum during the 4th quarter valued at about $27,000. Bernard Wealth Management Corp. purchased a new stake in shares of Occidental Petroleum during the 4th quarter valued at about $32,000. Finally, Grove Bank & Trust lifted its stake in shares of Occidental Petroleum by 129.2% in 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 during the period. Institutional investors own 88.70% of the company's stock.

Insider Activity at Occidental Petroleum

In related news, major shareholder Berkshire Hathaway Inc bought 763,017 shares of the stock in a transaction that occurred on Friday, February 7th. The shares were bought at an average cost of $46.82 per share, for a total transaction of $35,724,455.94. Following the completion of the transaction, the insider now owns 264,941,431 shares of the company's stock, valued at approximately $12,404,557,799.42. This trade represents a 0.29 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.31% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Stephens lowered their price objective on Occidental Petroleum from $60.00 to $58.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. UBS Group dropped their price objective on shares of Occidental Petroleum from $44.00 to $38.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 16th. Raymond James downgraded shares of Occidental Petroleum from a "strong-buy" rating to an "outperform" rating and decreased their target price for the company from $81.00 to $64.00 in a research note on Monday, March 10th. Roth Capital set a $54.00 price target on Occidental Petroleum in a research report on Thursday, January 23rd. Finally, TD Cowen cut Occidental Petroleum from a "buy" rating to a "hold" rating and lowered their price objective for the company from $68.00 to $45.00 in a research note on Tuesday, April 8th. Three 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, Occidental Petroleum presently has an average rating of "Hold" and a consensus target price of $54.19.

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.

About Occidental Petroleum

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.

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