Occidental Petroleum Corporation $OXY Shares Sold by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC reduced its holdings in Occidental Petroleum Corporation (NYSE:OXY) by 21.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 88,560 shares of the oil and gas producer’s stock after selling 23,515 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Occidental Petroleum were worth $3,696,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Lighthouse Investment Partners LLC acquired a new stake in Occidental Petroleum in the third quarter worth about $22,345,000. DNB Asset Management AS increased its stake in Occidental Petroleum by 100.3% during the 3rd quarter. DNB Asset Management AS now owns 267,807 shares of the oil and gas producer’s stock valued at $12,654,000 after buying an additional 134,128 shares during the period. Swedbank AB bought a new stake in shares of Occidental Petroleum during the 3rd quarter worth about $35,517,000. Mirabella Financial Services LLP lifted its stake in shares of Occidental Petroleum by 154.7% in the 3rd quarter. Mirabella Financial Services LLP now owns 29,566 shares of the oil and gas producer’s stock worth $1,394,000 after acquiring an additional 17,958 shares during the period. Finally, Gifford Fong Associates boosted its holdings in shares of 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 acquiring an additional 50,000 shares in the last quarter. Institutional investors and hedge funds own 88.70% of the company’s stock.

Key Headlines Impacting Occidental Petroleum

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

• Positive Sentiment: Citigroup analyst lift and price‑target bump — Citi raised its price target meaningfully (from $45 to $67) and published commentary expecting upside, reinforcing buy‑side interest and supporting the recent run. Occidental Petroleum (NYSE:OXY) Stock Price Expected to Rise, Citigroup Analyst Says
• Positive Sentiment: Earnings‑estimate revisions trending higher — Zacks and related coverage show analysts raising near‑term EPS forecasts for OXY, which tends to drive buying and raises expectations for further multiple expansion. Earnings Estimates Rising for Occidental (OXY): Will It Gain?
• Positive Sentiment: Sale of OxyChem to Berkshire Hathaway completed — Berkshire’s acquisition of OxyChem provides Occidental with cash proceeds to pay down debt and refocus on core oil & gas operations, improving the balance‑sheet narrative that investors reward. Berkshire Adds OxyChem As Valuation Gap And Earnings Outlook Diverge
• Positive Sentiment: Analyst upgrades and momentum — Recent upgrades pushed OXY to a new 12‑month high and coverage lists OXY among stocks trading near 52‑week highs with upside, which supports momentum trading and flows. Occidental Petroleum (NYSE:OXY) Hits New 12-Month High on Analyst Upgrade
• Neutral Sentiment: Citi retains a neutral/hold rating — Citi kept a hold rating even as targets changed, which limits the consensus upgrade story and may temper enthusiasm from more bullish investors. Citi Keeps Their Hold Rating on Occidental Petroleum (OXY)
• Neutral Sentiment: Comparative analyses and trend pieces — Several market writeups and head‑to‑head comparisons highlight OXY’s strength versus peers, useful context but not immediate catalysts. Head-To-Head Analysis: DT Midstream (DTM) vs. Occidental (OXY)
• Negative Sentiment: Some caution that the stock may be near a short‑term peak — Several commentators suggest OXY could be extended and discuss covered‑call strategies, implying limited near‑term upside and increased risk of pullback. Occidental Petroleum Stock May Be at a Peak – Time to Sell OXY Covered Calls?

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. UBS Group boosted their target price on Occidental Petroleum from $49.00 to $55.00 and gave the stock a “neutral” rating in a report on Thursday, March 5th. Wolfe Research decreased their price target on Occidental Petroleum from $55.00 to $54.00 and set an “outperform” rating for the company in a research note on Wednesday, January 21st. BMO Capital Markets boosted their price objective on Occidental Petroleum from $48.00 to $60.00 and gave the stock a “market perform” rating in a research note on Monday, February 23rd. Scotiabank upgraded Occidental Petroleum to a “hold” rating in a report on Friday, March 27th. Finally, Weiss Ratings raised Occidental Petroleum from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, March 9th. Nine equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Occidental Petroleum presently has a consensus rating of “Hold” and a consensus target price of $56.59.

Occidental Petroleum Price Performance

NYSE OXY opened at $64.99 on Wednesday. Occidental Petroleum Corporation has a 1 year low of $34.78 and a 1 year high of $67.45. The business’s fifty day moving average is $52.07 and its two-hundred day moving average is $45.87. The stock has a market capitalization of $64.45 billion, a P/E ratio of 40.37 and a beta of 0.34. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.74 and a current ratio of 0.94.

Occidental Petroleum (NYSE:OXY) last released its quarterly earnings data on Wednesday, February 18th. The oil and gas producer reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.13. The business had revenue of $5.11 billion during the quarter, compared to analyst estimates of $6.02 billion. Occidental Petroleum had a return on equity of 9.89% and a net margin of 9.14%.The company’s revenue was down 5.2% compared to the same quarter last year. During the same period last year, the company posted $0.80 EPS. On average, research analysts forecast that Occidental Petroleum Corporation will post 3.58 earnings per share for the current fiscal year.

Occidental Petroleum Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 10th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $1.04 dividend on an annualized basis and a yield of 1.6%. This is an increase from Occidental Petroleum’s previous quarterly dividend of $0.24. Occidental Petroleum’s dividend payout ratio (DPR) is 64.60%.

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.