TD Asset Management Inc Raises Stock Holdings in Occidental Petroleum Corporation $OXY

TD Asset Management Inc raised its holdings in shares of Occidental Petroleum Corporation (NYSE:OXY) by 47.5% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 713,272 shares of the oil and gas producer’s stock after purchasing an additional 229,782 shares during the quarter. TD Asset Management Inc’s holdings in Occidental Petroleum were worth $34,644,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of OXY. Axiom Investment Management LLC purchased a new position in shares of Occidental Petroleum during the 1st quarter valued at approximately $25,000. GKV Capital Management Co. Inc. acquired a new stake in Occidental Petroleum in the first quarter valued at $26,000. Portus Wealth Advisors LLC acquired a new stake in Occidental Petroleum in the first quarter valued at $29,000. Caitlin John LLC bought a new position in Occidental Petroleum during the 4th quarter valued at $29,000. Finally, Activest Wealth Management grew its holdings in Occidental Petroleum by 68.5% during the 4th quarter. Activest Wealth Management now owns 750 shares of the oil and gas producer’s stock worth $31,000 after acquiring an additional 305 shares in the last quarter. 88.70% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Occidental Petroleum

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

• Positive Sentiment: Analysts remain bullish: Recent commentary highlights Occidental’s operational improvements, valuation and potential for long-term momentum. One analyst framework identifies OXY as an attractive stock for investors seeking a combination of value, growth and momentum. Why Analysts are Bullish on Occidental Petroleum Why Occidental Petroleum Is a Top Momentum Stock for the Long Term
• Positive Sentiment: Strong Q2 execution supports the shares: Management attributed the earnings beat to efficiency gains, disciplined cost control and improved production, particularly in the Permian Basin. Gas-marketing optimization also benefited the midstream and marketing segment, while lower principal debt strengthens the balance sheet. 5 Insightful Analyst Questions From Occidental Petroleum’s Q2 Earnings Call
• Positive Sentiment: Higher price target signals upside: Susquehanna raised its target for Occidental to $70, implying analysts see additional appreciation potential from current trading levels. Susquehanna Raises Occidental Petroleum Price Target to $70
• Positive Sentiment: Energy-market backdrop is supportive: Rising crude prices and concerns over Middle East tensions, including potential disruption around the Strait of Hormuz, are drawing attention to oil producers such as OXY because higher oil prices can improve upstream revenue and cash flow. Occidental Draws Attention as Crude Rises
• Neutral Sentiment: Management has outlined a goal of generating $4 billion in sustainable annual cash flow by 2030. Achieving that objective will depend on commodity prices, continued production efficiency and further debt reduction. Occidental Q2 2026 Earnings Call Transcript

Occidental Petroleum Stock Up 1.2%

Shares of Occidental Petroleum stock opened at $58.37 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.41 and a quick ratio of 1.13. Occidental Petroleum Corporation has a 1-year low of $38.80 and a 1-year high of $67.45. The business’s fifty day moving average price is $54.19 and its two-hundred day moving average price is $54.93. The company has a market capitalization of $58.35 billion, a P/E ratio of 9.04, a PEG ratio of 0.78 and a beta of 0.15.

Occidental Petroleum (NYSE:OXY) last released its quarterly earnings results on Wednesday, August 5th. The oil and gas producer reported $2.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.57. The company had revenue of $8.06 billion during the quarter, compared to analysts’ expectations of $7.07 billion. Occidental Petroleum had a return on equity of 15.31% and a net margin of 28.36%.The company’s revenue for the quarter was up 53.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.39 earnings per share. As a group, research analysts forecast that Occidental Petroleum Corporation will post 5.81 EPS for the current year.

Occidental Petroleum Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Thursday, September 10th will be given a $0.28 dividend. The ex-dividend date is Thursday, September 10th. This represents a $1.12 dividend on an annualized basis and a yield of 1.9%. This is a boost from Occidental Petroleum’s previous quarterly dividend of $0.26. Occidental Petroleum’s payout ratio is currently 16.10%.

Analyst Upgrades and Downgrades

OXY has been the subject of several research analyst reports. Truist Financial boosted their target price on shares of Occidental Petroleum from $57.00 to $63.00 and gave the stock a “hold” rating in a research report on Monday, August 10th. Mizuho boosted their price objective on Occidental Petroleum from $72.00 to $75.00 and gave the company an “outperform” rating in a report on Wednesday, May 27th. Wells Fargo & Company upped their price objective on Occidental Petroleum from $72.00 to $79.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Evercore raised shares of Occidental Petroleum from an “in-line” rating to an “outperform” rating and set a $65.00 price objective for the company in a research report on Wednesday, July 8th. Finally, Susquehanna raised their target price on shares of Occidental Petroleum from $67.00 to $70.00 and gave the stock a “positive” rating in a report on Tuesday. Ten analysts have rated the stock with a Buy rating and sixteen have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $65.00.

Insider Transactions at Occidental Petroleum

In related news, CEO Richard A. Jackson bought 4,770 shares of the stock in a transaction on Tuesday, June 23rd. The shares were purchased at an average price of $52.38 per share, with a total value of $249,852.60. Following the purchase, the chief executive officer owned 444,098 shares in the company, valued at approximately $23,261,853.24. This represents a 1.09% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.50% of the stock is owned by corporate insiders.

Occidental Petroleum 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.