SteelPeak Wealth LLC Invests $343,000 in Occidental Petroleum Corporation $OXY

SteelPeak Wealth LLC bought a new stake in Occidental Petroleum Corporation (NYSE:OXY) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 8,292 shares of the oil and gas producer’s stock, valued at approximately $343,000.

Other institutional investors have also recently bought and sold shares of the company. Woodline Partners LP grew its stake in shares of Occidental Petroleum by 40.7% during the 1st quarter. Woodline Partners LP now owns 57,079 shares of the oil and gas producer’s stock worth $2,817,000 after acquiring an additional 16,506 shares in the last quarter. CW Advisors LLC boosted its holdings in Occidental Petroleum by 15.7% during the second quarter. CW Advisors LLC now owns 13,609 shares of the oil and gas producer’s stock worth $572,000 after purchasing an additional 1,851 shares during the last quarter. Marshall Wace LLP bought a new position in Occidental Petroleum in the second quarter valued at $4,584,000. Federated Hermes Inc. increased its stake in Occidental Petroleum by 696.7% in the 2nd quarter. Federated Hermes Inc. now owns 23,997 shares of the oil and gas producer’s stock valued at $1,008,000 after buying an additional 20,985 shares during the last quarter. Finally, Cary Street Partners Financial LLC lifted its position in Occidental Petroleum by 18.7% during the 2nd quarter. Cary Street Partners Financial LLC now owns 17,320 shares of the oil and gas producer’s stock worth $728,000 after buying an additional 2,724 shares in the last quarter. Institutional investors own 88.70% of the company’s stock.

Key Stories Impacting Occidental Petroleum

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

• Positive Sentiment: Analyst upgrade/price-target lift — Wolfe Research raised its price target on OXY to $70 from $67 and maintained an “outperform” rating, implying roughly double-digit upside from recent levels and providing immediate supportive analyst sentiment for the stock. Wolfe Research Adjusts Price Target on Occidental Petroleum to $70 from $67, Maintains Outperform Rating
• Positive Sentiment: Earnings-beat setup — Multiple pieces (Zacks and Yahoo Finance) highlight OXY’s strong earnings-surprise history and its positioning to beat the next quarterly EPS estimate, which supports a bullish near-term earnings trade and could lift the stock if the beat materializes. Why Occidental (OXY) Could Beat Earnings Estimates Again (Yahoo) Why Occidental (OXY) Could Beat Earnings Estimates Again (Zacks)
• Positive Sentiment: Longer-term bullish thesis — A Seeking Alpha piece frames OXY as a Warren Buffett–owned stock with more upside, which can attract value and income-oriented buyers given OXY’s cash return profile and Occidental’s scale in production and chemicals. Occidental Petroleum: Why This Warren Buffett Stock Has A Lot More Upside
• Neutral Sentiment: Sector/earnings screens flag OXY — Zacks’ broader screens (Earnings ESP) list OXY among energy names that could beat; useful for traders but not a direct company-specific catalyst beyond earnings season timing. These 2 Oils-Energy Stocks Could Beat Earnings: Why They Should Be on Your Radar Why Investors Need to Take Advantage of These 2 Oils and Energy Stocks Now
• Negative Sentiment: Geopolitical risk flag from media pundits — Jim Cramer and others warned OXY could be a “big loser if peace breaks out” (i.e., a drop in geopolitical risk or oil price normalization would hurt cash flow/valuation). That conditional downside keeps the stock sensitive to news on the Iran/conflict backdrop and crude prices. Jim Cramer Says Occidental Petroleum Is a “Big Loser If Peace Breaks Out” and Vice Versa Jim Cramer Says Occidental Petroleum Is a “Big Loser If Peace Breaks Out” (InsiderMonkey)

Analyst Upgrades and Downgrades

OXY has been the subject of several analyst reports. Barclays raised their price objective on Occidental Petroleum from $55.00 to $59.00 and gave the company an “equal weight” rating in a report on Monday, March 16th. UBS Group increased their price target on Occidental Petroleum from $49.00 to $55.00 and gave the company a “neutral” rating in a research report on Thursday, March 5th. Bank of America raised their price target on Occidental Petroleum from $44.00 to $45.00 in a research note on Tuesday, January 27th. Capital One Financial boosted their price target on Occidental Petroleum from $56.00 to $69.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 26th. Finally, Wells Fargo & Company raised Occidental Petroleum from an “underweight” rating to an “overweight” rating and increased their price objective for the company from $47.00 to $69.00 in a report on Thursday, March 12th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Occidental Petroleum presently has a consensus rating of “Hold” and a consensus target price of $59.52.

Occidental Petroleum Price Performance

Shares of OXY opened at $62.91 on Tuesday. The company’s 50-day moving average is $53.59 and its 200-day moving average is $46.32. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.94 and a quick ratio of 0.74. The firm has a market capitalization of $62.39 billion, a PE ratio of 39.07 and a beta of 0.23. Occidental Petroleum Corporation has a fifty-two week low of $34.78 and a fifty-two week high of $67.45.

Occidental Petroleum (NYSE:OXY) last announced its quarterly earnings results on Wednesday, February 18th. The oil and gas producer reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.13. The business had revenue of $5.11 billion for the quarter, compared to analyst estimates of $6.02 billion. Occidental Petroleum had a net margin of 9.14% and a return on equity of 9.89%. Occidental Petroleum’s quarterly revenue was down 5.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.80 EPS. Equities analysts forecast that Occidental Petroleum Corporation will post 3.58 EPS for the current year.

Occidental Petroleum Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 10th will be given a $0.26 dividend. The ex-dividend date of this dividend is Tuesday, March 10th. This is a positive change from Occidental Petroleum’s previous quarterly dividend of $0.24. This represents a $1.04 annualized dividend and a dividend yield of 1.7%. Occidental Petroleum’s dividend payout ratio (DPR) is currently 64.60%.

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.