Occidental Petroleum Corporation $OXY Stock Holdings Lifted by Allstate Corp

Allstate Corp raised its position in Occidental Petroleum Corporation (NYSE:OXY) by 111.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,430 shares of the oil and gas producer’s stock after purchasing an additional 29,792 shares during the quarter. Allstate Corp’s holdings in Occidental Petroleum were worth $2,320,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in OXY. Lighthouse Investment Partners LLC bought a new position in Occidental Petroleum in the third quarter valued at $22,345,000. DNB Asset Management AS grew its stake in Occidental Petroleum by 100.3% in the third quarter. DNB Asset Management AS now owns 267,807 shares of the oil and gas producer’s stock valued at $12,654,000 after purchasing an additional 134,128 shares in the last quarter. Mirabella Financial Services LLP grew its stake in Occidental Petroleum by 154.7% in the third quarter. Mirabella Financial Services LLP now owns 29,566 shares of the oil and gas producer’s stock valued at $1,394,000 after purchasing an additional 17,958 shares in the last quarter. Gifford Fong Associates grew its stake in Occidental Petroleum by 41.2% in the third quarter. Gifford Fong Associates now owns 171,429 shares of the oil and gas producer’s stock valued at $8,100,000 after purchasing an additional 50,000 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in Occidental Petroleum by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 89,900,677 shares of the oil and gas producer’s stock valued at $3,696,716,000 after purchasing an additional 699,137 shares in the last quarter. 88.70% of the stock is owned by institutional investors.

Occidental Petroleum News Roundup

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

• Positive Sentiment: Barclays upgraded Occidental Petroleum (OXY), adding to a growing list of favorable analyst calls that can lift investor confidence in the stock. Barclays upgrades Occidental Petroleum (OXY)
• Positive Sentiment: Capital One Financial raised its price target on Occidental Petroleum (OXY) from $67 to $70, implying meaningful upside from recent trading levels and signaling stronger analyst expectations. Capital One Securities lifts Occidental Petroleum price target to 70 from 67
• Positive Sentiment: Mizuho also boosted its price target on Occidental Petroleum (OXY) from $72 to $75 and reiterated an outperform view, reinforcing the bullish analyst backdrop. Occidental Petroleum price target raised by Mizuho
• Neutral Sentiment: Several recent articles compare Occidental Petroleum (OXY) with Exxon Mobil and discuss valuation, strategy, and Buffett-related ownership themes, but these are more informational than immediate stock-moving catalysts. Occidental Petroleum vs Exxon Mobil: The Better Oil Titan For 2026
• Neutral Sentiment: Broader coverage notes Berkshire Hathaway’s stake and Occidental’s long-term investment story, but this appears to be background rather than a fresh catalyst for the shares. From $90K Bet to $800K Windfall
• Negative Sentiment: One market recap flagged weakness in energy producers, which can pressure oil stocks like Occidental Petroleum (OXY) when sector sentiment turns soft. Stocks Pressured by Weakness in Energy Producers and Cybersecurity Stocks

Analyst Ratings Changes

A number of brokerages have recently commented on OXY. Jefferies Financial Group lifted their price objective on shares of Occidental Petroleum from $47.00 to $58.00 and gave the company a “hold” rating in a research report on Monday, April 13th. Susquehanna lifted their price objective on shares of Occidental Petroleum from $60.00 to $67.00 and gave the company a “positive” rating in a research report on Tuesday, April 21st. Mizuho lifted their target price on Occidental Petroleum from $72.00 to $75.00 and gave the stock an “outperform” rating in a research note on Wednesday. Truist Financial reduced their target price on Occidental Petroleum from $65.00 to $57.00 and set a “hold” rating for the company in a research note on Friday, May 8th. Finally, Wells Fargo & Company lifted their target price on Occidental Petroleum from $69.00 to $72.00 and gave the stock an “overweight” rating in a research note on Thursday, April 9th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Occidental Petroleum presently has an average rating of “Hold” and a consensus price target of $63.74.

Occidental Petroleum Stock Performance

OXY opened at $57.34 on Friday. The business has a fifty day simple moving average of $58.92 and a 200 day simple moving average of $49.92. The company has a market capitalization of $57.03 billion, a PE ratio of 14.44 and a beta of 0.17. Occidental Petroleum Corporation has a 1 year low of $38.80 and a 1 year high of $67.45. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.21 and a quick ratio of 1.01.

Occidental Petroleum (NYSE:OXY) last released its quarterly earnings results on Tuesday, May 5th. The oil and gas producer reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.46. The business had revenue of $5.11 billion during the quarter, compared to the consensus estimate of $5.44 billion. Occidental Petroleum had a return on equity of 9.65% and a net margin of 19.98%.The firm’s quarterly revenue was down 8.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.14 EPS. Research analysts expect that Occidental Petroleum Corporation will post 5.33 EPS for the current year.

Occidental Petroleum Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, June 10th will be issued a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $1.04 dividend on an annualized basis and a yield of 1.8%. Occidental Petroleum’s payout ratio is currently 26.20%.

About Occidental Petroleum

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.