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American Century Companies Inc. Lowers Stock Holdings in Occidental Petroleum Co. (NYSE:OXY)

MarketBeat · last updated March 23, 2025 – 3:08 AM

American Century Companies Inc. decreased its position in shares of Occidental Petroleum Co. (NYSE:OXY — Free Report) by 6.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,662,446 shares of the oil and gas producer’s stock after selling 258,512 shares during the quarter. American Century Companies Inc. owned approximately 0.39% of Occidental Petroleum worth $180,961,000 at the end of the most recent quarter.

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A number of other large investors also recently modified their holdings of OXY. Geode Capital Management LLC lifted its stake in Occidental Petroleum by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 13,846,890 shares of the oil and gas producer’s stock worth $710,886,000 after purchasing an additional 444,850 shares in the last quarter. H&H International Investment LLC lifted its stake in Occidental Petroleum by 497.7% in the 3rd quarter. H&H International Investment LLC now owns 9,223,700 shares of the oil and gas producer’s stock worth $475,389,000 after purchasing an additional 7,680,598 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Occidental Petroleum by 5.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,236,980 shares of the oil and gas producer’s stock worth $209,349,000 after purchasing an additional 229,210 shares in the last quarter. Cooke & Bieler LP lifted its stake in Occidental Petroleum by 14.6% in the 4th quarter. Cooke & Bieler LP now owns 2,958,596 shares of the oil and gas producer’s stock worth $146,184,000 after purchasing an additional 377,952 shares in the last quarter. Finally, Scharf Investments LLC lifted its stake in Occidental Petroleum by 48.7% in the 4th quarter. Scharf Investments LLC now owns 2,461,033 shares of the oil and gas producer’s stock worth $121,600,000 after purchasing an additional 805,525 shares in the last quarter. Hedge funds and other institutional investors own 88.70% of the company’s stock.

Occidental Petroleum Trading Up 0.3 %

NYSE:OXY opened at $48.11 on Friday. Occidental Petroleum Co. has a 52 week low of $44.70 and a 52 week high of $71.19. The firm has a 50 day moving average of $48.61 and a 200 day moving average of $50.01. The company has a quick ratio of 0.76, a current ratio of 0.95 and a debt-to-equity ratio of 0.95. The stock has a market capitalization of $45.15 billion, a price-to-earnings ratio of 19.72 and a beta of 1.51.

Occidental Petroleum (NYSE:OXY — Get Free Report) last posted its earnings results 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. Occidental Petroleum had a net margin of 11.37% and a return on equity of 16.33%. The company had revenue of $6.84 billion during the quarter, compared to analysts’ expectations of $7.14 billion. As a group, sell-side analysts anticipate that Occidental Petroleum Co. will post 3.58 earnings per share for the current fiscal year.

Occidental Petroleum Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 10th will be given a dividend of $0.24 per share. This is a boost from Occidental Petroleum’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.96 dividend on an annualized basis and a yield of 2.00%. Occidental Petroleum’s dividend payout ratio is presently 39.34%.

Insider Activity at Occidental Petroleum

In related news, major shareholder Berkshire Hathaway Inc purchased 763,017 shares of the business’s stock in a transaction on Friday, February 7th. The shares were acquired at an average price of $46.82 per share, for a total transaction of $35,724,455.94. Following the purchase, the insider now owns 264,941,431 shares of the company’s stock, valued at $12,404,557,799.42. This trade represents a 0.29 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.31% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on OXY shares. Piper Sandler decreased their price target on shares of Occidental Petroleum from $51.00 to $50.00 and set a “neutral” rating on the stock in a research note on Thursday, March 6th. Roth Capital set a $54.00 target price on shares of Occidental Petroleum in a report on Thursday, January 23rd. Stephens restated an “overweight” rating and issued a $71.00 target price on shares of Occidental Petroleum in a report on Wednesday, February 19th. UBS Group boosted their target price on shares of Occidental Petroleum from $54.00 to $56.00 and gave the stock a “neutral” rating in a report on Thursday, February 20th. Finally, Citigroup reduced their target price on shares of Occidental Petroleum from $56.00 to $51.00 and set a “neutral” rating on the stock in a report on Monday, March 17th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Occidental Petroleum currently has a consensus rating of “Hold” and a consensus target price of $60.45.

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Occidental Petroleum Profile

(Free Report)

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.