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Aventail Capital Group LP Buys Shares of 838,362 Occidental Petroleum Corporation $OXY

MarketBeat · last updated March 15, 2026 – 12:59 AM

Aventail Capital Group LP purchased a new position in shares of Occidental Petroleum Corporation (NYSE:OXY — Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 838,362 shares of the oil and gas producer’s stock, valued at approximately $39,613,000. Occidental Petroleum makes up 1.8% of Aventail Capital Group LP’s holdings, making the stock its 14th largest holding. Aventail Capital Group LP owned about 0.09% of Occidental Petroleum as of its most recent SEC filing.

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A number of other large investors also recently modified their holdings of the company. City Holding Co. boosted its holdings in shares of Occidental Petroleum by 250.0% during the 3rd quarter. City Holding Co. now owns 700 shares of the oil and gas producer’s stock valued at $33,000 after acquiring an additional 500 shares in the last quarter. Binnacle Investments Inc acquired a new position in Occidental Petroleum in the 3rd quarter worth about $35,000. GoalVest Advisory LLC bought a new position in Occidental Petroleum in the third quarter valued at about $38,000. Tripletail Wealth Management LLC acquired a new stake in shares of Occidental Petroleum during the third quarter valued at about $49,000. Finally, Sumitomo Mitsui Financial Group Inc. bought a new stake in shares of Occidental Petroleum during the second quarter worth about $51,000. 88.70% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Occidental Petroleum news, Director William R. Klesse purchased 5,000 shares of the firm’s stock in a transaction on Tuesday, December 16th. The stock was purchased at an average cost of $38.98 per share, for a total transaction of $194,900.00. Following the acquisition, the director owned 218,913 shares in the company, valued at approximately $8,533,228.74. The trade was a 2.34% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.31% of the company’s stock.

Occidental Petroleum Stock Performance

NYSE:OXY opened at $57.91 on Friday. 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 Corporation has a fifty-two week low of $34.78 and a fifty-two week high of $59.15. The company has a 50 day simple moving average of $47.53 and a two-hundred day simple moving average of $44.62. The company has a market capitalization of $57.11 billion, a PE ratio of 35.97 and a beta of 0.34.

Occidental Petroleum (NYSE:OXY — Get Free Report) last issued its quarterly earnings results on Wednesday, February 18th. The oil and gas producer reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.13. Occidental Petroleum had a net margin of 9.14% and a return on equity of 9.89%. The firm had revenue of $5.11 billion for the quarter, compared to the consensus estimate of $6.02 billion. During the same quarter in the previous year, the company earned $0.80 EPS. The company’s revenue for the quarter was down 5.2% on a year-over-year basis. Research analysts anticipate that Occidental Petroleum Corporation will post 3.58 earnings per share for the current year.

Occidental Petroleum Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 10th will be issued a $0.26 dividend. The ex-dividend date is Tuesday, March 10th. This is a positive change from Occidental Petroleum’s previous quarterly dividend of $0.24. This represents a $1.04 annualized dividend and a yield of 1.8%. Occidental Petroleum’s dividend payout ratio (DPR) is presently 64.60%.

Trending Headlines about Occidental Petroleum

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

Positive Sentiment: Piper Sandler upgraded OXY to Overweight and raised its price target to $66, signaling stronger analyst conviction and providing tangible upside from current levels. Positive Report for Occidental Petroleum (OXY) from Piper Sandler
Positive Sentiment: Coverage and headlines explain a roughly 40% move in OXY YTD — driven by oil‑price strength, Permian operational outperformance and visible debt reduction — reinforcing the narrative that fundamentals, not just momentum, are supporting the rally. What’s Behind The 40% Rise In OXY Stock?
Positive Sentiment: Zacks notes OXY outperformed the energy group (≈+27% in a month) and cites rising oil, Permian strength and debt paydown as drivers — a bullish confirmation for investors focused on fundamentals and cash‑flow improvement. OXY Outperforms Industry in Past Month: Buy, Hold or Sell the Stock?
Positive Sentiment: Intraday price jumps and above‑average volume coincided with upward earnings‑estimate revisions, suggesting analysts are beginning to bake in more upside for OXY. Occidental (OXY) Soars 5.1%: Is Further Upside Left in the Stock?
Positive Sentiment: Broker activity also includes a Wells Fargo upgrade on the company’s equity warrant vehicle (OXY.WS), a signal that some desks see additional value in Occidental‑linked securities. Wells Fargo upgrades Occidental Petroleum Corporation — Equity Warrant (OXY.WS)
Neutral Sentiment: Sector momentum from rising oil and Middle East supply‑concern headlines (tanker attacks, Strait of Hormuz rhetoric) is lifting energy peers broadly, which benefits OXY but also adds geopolitical volatility risk. Occidental Petroleum Stock Surges Thursday: What’s Driving The Action?
Neutral Sentiment: Goldman assigned a $54 price target (and other outlets list varying targets), showing analyst views still diverge on fair value — useful context for investors deciding entry points or profit‑taking. Occidental Petroleum NYSE: OXY Given New $54.00 Price Target at The Goldman Sachs Group
Neutral Sentiment: Occidental disclosed a $1.20B debt tender and covenant changes; this touches capital structure and may reduce near‑term leverage risks but invites scrutiny over terms and longer‑run funding flexibility. Should Occidental’s US$1.20 Billion Debt Tender and Covenant Changes Require Action From OXY Investors?
Negative Sentiment: Some analysts and commentaries warn the oil‑led rally may be overextended and that easy gains could be behind the stock, implying higher near‑term downside risk if oil or macro sentiment reverses. Occidental Petroleum: Oil Rally Overly Done — Easy Gains Behind Us

Analyst Upgrades and Downgrades

OXY has been the subject of a number of research reports. TD Cowen raised their price objective on shares of Occidental Petroleum from $48.00 to $54.00 and gave the company a “hold” rating in a report on Monday, February 23rd. Morgan Stanley reduced their target price on shares of Occidental Petroleum from $51.00 to $50.00 and set an “overweight” rating on the stock in a report on Friday, January 23rd. Roth Mkm upped their price target on shares of Occidental Petroleum from $39.00 to $45.00 and gave the company a “neutral” rating in a research report on Friday, February 20th. BMO Capital Markets lifted their price target on shares of Occidental Petroleum from $48.00 to $60.00 and gave the stock a “market perform” rating in a report on Monday, February 23rd. Finally, Citigroup reduced their price objective on shares of Occidental Petroleum from $49.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 19th. Nine equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $53.48.

Read Our Latest Report on Occidental Petroleum

Occidental Petroleum Company Profile

(Free Report)

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.