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

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

Occidental Petroleum stock opened at $39.42 on Thursday. The stock has a market capitalization of $37.05 billion, a P/E ratio of 16.16 and a beta of 1.02. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.95 and a quick ratio of 0.76. Occidental Petroleum Co. has a 12-month low of $34.79 and a 12-month high of $65.99. The firm’s 50-day moving average is $44.07 and its two-hundred day moving average is $47.82.

Occidental Petroleum (NYSE:OXY) last posted its quarterly earnings data on Tuesday, February 18th. The oil and gas producer reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.13. The company had revenue of $6.84 billion during the quarter, compared to the consensus estimate of $7.14 billion. Occidental Petroleum had a net margin of 11.37% and a return on equity of 16.33%. Equities analysts predict that Occidental Petroleum Co. will post 3.58 earnings per share for the current year.

Occidental Petroleum Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 10th were given a $0.24 dividend. 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 2.44%. The ex-dividend date of this dividend was Monday, March 10th. Occidental Petroleum’s dividend payout ratio is currently 39.34%.

Institutional Trading of Occidental Petroleum

Several institutional investors and hedge funds have recently bought and sold shares of OXY. Xponance Inc. boosted its position in shares of Occidental Petroleum by 5.5% in the first quarter. Xponance Inc. now owns 91,352 shares of the oil and gas producer’s stock worth $4,509,000 after buying an additional 4,783 shares during the period. Sharpepoint LLC raised its holdings in shares of Occidental Petroleum by 67.4% during the 1st quarter. Sharpepoint LLC now owns 77,519 shares of the oil and gas producer’s stock valued at $3,826,000 after purchasing an additional 31,206 shares in the last quarter. True Vision MN LLC acquired a new stake in shares of Occidental Petroleum in the first quarter worth about $529,000. Leavell Investment Management Inc. lifted its holdings in Occidental Petroleum by 8.8% in the 1st quarter. Leavell Investment Management Inc. now owns 6,289 shares of the oil and gas producer’s stock worth $312,000 after purchasing an additional 511 shares during the last quarter. Finally, Bridges Investment Management Inc. boosted its holdings in shares of Occidental Petroleum by 4.2% during the 1st quarter. Bridges Investment Management Inc. now owns 23,794 shares of the oil and gas producer’s stock worth $1,174,000 after buying an additional 970 shares during the period. Institutional investors and hedge funds own 88.70% of the company’s stock.

Analyst Upgrades and Downgrades

OXY has been the topic of several research analyst reports. Wells Fargo & Company reduced their price objective on Occidental Petroleum from $49.00 to $42.00 and set an “equal weight” rating on the stock in a research note on Monday, April 21st. Scotiabank downgraded Occidental Petroleum from a “sector outperform” rating to a “sector perform” rating and set a $40.00 price objective on the stock. in a report on Friday, April 11th. Morgan Stanley set a $58.00 price target on shares of Occidental Petroleum and gave the stock an “overweight” rating in a research report on Wednesday, March 26th. Roth Capital set a $54.00 price objective on shares of Occidental Petroleum in a report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. lowered their target price on Occidental Petroleum from $59.00 to $52.00 and set a “neutral” rating for the company in a report on Thursday, March 13th. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $54.19.

Insider Activity

In related news, major shareholder Berkshire Hathaway Inc bought 763,017 shares of Occidental Petroleum stock in a transaction that occurred on Friday, February 7th. The stock was acquired at an average price of $46.82 per share, for a total transaction of $35,724,455.94. Following the completion of the purchase, the insider now owns 264,941,431 shares in the company, valued at approximately $12,404,557,799.42. This represents a 0.29 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.31% of the stock is currently owned by company insiders.

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.

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.