Belpointe Asset Management LLC Raises Holdings in Occidental Petroleum Corporation $OXY

Belpointe Asset Management LLC increased its position in Occidental Petroleum Corporation (NYSE:OXY) by 168.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 30,203 shares of the oil and gas producer’s stock after purchasing an additional 18,937 shares during the period. Belpointe Asset Management LLC’s holdings in Occidental Petroleum were worth $1,427,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in OXY. Fortis Capital Advisors LLC purchased a new position in shares of Occidental Petroleum in the third quarter worth about $684,000. Vanguard Personalized Indexing Management LLC grew its stake in Occidental Petroleum by 5.7% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 147,037 shares of the oil and gas producer’s stock valued at $6,948,000 after buying an additional 7,951 shares in the last quarter. Keynote Financial Services LLC raised its holdings in Occidental Petroleum by 1.8% during the 3rd quarter. Keynote Financial Services LLC now owns 49,604 shares of the oil and gas producer’s stock valued at $2,344,000 after acquiring an additional 887 shares during the period. Retirement Systems of Alabama lifted its position in shares of Occidental Petroleum by 0.8% during the third quarter. Retirement Systems of Alabama now owns 153,299 shares of the oil and gas producer’s stock worth $7,243,000 after acquiring an additional 1,254 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its holdings in shares of Occidental Petroleum by 0.4% in the third quarter. CIBC Asset Management Inc now owns 100,281 shares of the oil and gas producer’s stock worth $4,738,000 after acquiring an additional 366 shares during the period. 88.70% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Occidental Petroleum

In other news, Director William R. Klesse acquired 5,000 shares of the business’s stock in a transaction dated Tuesday, December 16th. The stock was purchased at an average cost of $38.98 per share, for a total transaction of $194,900.00. Following the acquisition, the director owned 218,913 shares of the company’s stock, valued at $8,533,228.74. This trade represents a 2.34% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.49% of the stock is currently owned by company insiders.

Occidental Petroleum Trading Up 0.7%

Shares of Occidental Petroleum stock opened at $44.88 on Thursday. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.94 and a quick ratio of 0.71. Occidental Petroleum Corporation has a 1 year low of $34.78 and a 1 year high of $52.58. The firm has a market cap of $44.21 billion, a PE ratio of 33.00 and a beta of 0.38. The company has a 50 day simple moving average of $41.81 and a two-hundred day simple moving average of $43.32.

Occidental Petroleum (NYSE:OXY) last posted its quarterly earnings data on Monday, November 10th. The oil and gas producer reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.16. Occidental Petroleum had a net margin of 7.81% and a return on equity of 12.35%. The firm had revenue of $6.62 billion for the quarter, compared to analysts’ expectations of $6.66 billion. During the same quarter last year, the company posted $1.00 EPS. The business’s quarterly revenue was down 6.1% on a year-over-year basis. Analysts expect that Occidental Petroleum Corporation will post 3.58 earnings per share for the current fiscal year.

Occidental Petroleum Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 10th were given a dividend of $0.24 per share. The ex-dividend date was Wednesday, December 10th. This represents a $0.96 dividend on an annualized basis and a yield of 2.1%. Occidental Petroleum’s dividend payout ratio (DPR) is presently 70.59%.

Occidental Petroleum News Summary

Here are the key news stories impacting Occidental Petroleum this week:

• Positive Sentiment: Piper Sandler raised its price target to $47 (from $46) and maintained a neutral rating — a modest upside to the stock’s current level that can provide short‑term support. Piper Sandler raises PT to $47 (Benzinga)
• Positive Sentiment: Coverage pieces highlighting Occidental’s strong five‑year return (cited ~129% gain) reinforce longer‑term investor confidence and may attract buyers focused on historic performance. Investors in Occidental Petroleum have seen strong returns (Yahoo)
• Neutral Sentiment: Heightened investor interest/search activity around OXY has been reported (more eyeballs can amplify volatility but is not a directional catalyst by itself). Investors Heavily Search Occidental Petroleum (Zacks)
• Negative Sentiment: Zacks Research downgraded OXY to a “Strong Sell” and lowered multiple quarterly and full‑year EPS estimates for 2026–2027 (several downward revisions across Q1–Q4 2026 and FY2026–FY2027). This is the primary near‑term negative catalyst and likely the main reason for selling pressure in parts of the session. Zacks downgrades to Strong Sell and trims EPS outlook (Zacks)
• Negative Sentiment: Susquehanna has lowered its expectations for OXY’s stock price, adding another analyst note that could weigh on sentiment and limit buying interest until clearer fundamentals or guidance emerge. Susquehanna lowers expectations for Occidental (AmericanBankingNews)

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on OXY shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of Occidental Petroleum in a research note on Thursday, January 22nd. Barclays started coverage on shares of Occidental Petroleum in a report on Wednesday, January 21st. They issued an “equal weight” rating on the stock. Hsbc Global Res raised shares of Occidental Petroleum from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 3rd. Susquehanna lowered their target price on shares of Occidental Petroleum from $55.00 to $51.00 and set a “positive” rating on the stock in a research note on Monday. Finally, Bank of America reduced their price target on shares of Occidental Petroleum from $45.00 to $44.00 and set a “neutral” rating for the company in a research report on Thursday, December 11th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eleven have issued a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $47.43.

Occidental Petroleum Company Profile

Occidental Petroleum Corporation (OXY) is an international energy company engaged primarily in the exploration, production and marketing of oil and natural gas. The company conducts upstream activities to discover and produce hydrocarbons and operates complementary midstream and marketing functions to transport and sell its production. Occidental also owns a chemicals business that manufactures and sells industrial chemicals and related products for a range of end markets.

Occidental’s operations are concentrated in the United States, with a significant presence in the Permian Basin, and it maintains exploration and production activities in several international regions, including parts of the Middle East, Latin America and Africa.