News

NEOS Investment Management LLC Increases Position in Occidental Petroleum Corporation $OXY

MarketBeat · last updated February 20, 2026 – 2:58 AM

NEOS Investment Management LLC lifted its position in shares of Occidental Petroleum Corporation (NYSE:OXY — Free Report) by 50.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 87,869 shares of the oil and gas producer’s stock after purchasing an additional 29,461 shares during the period. NEOS Investment Management LLC’s holdings in Occidental Petroleum were worth $4,152,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the business. University of Texas Texas AM Investment Management Co. purchased a new stake in Occidental Petroleum during the 2nd quarter worth about $27,000. City Holding Co. boosted its holdings in Occidental Petroleum by 250.0% in the third quarter. City Holding Co. now owns 700 shares of the oil and gas producer’s stock valued at $33,000 after purchasing an additional 500 shares in the last quarter. GoalVest Advisory LLC purchased a new position in Occidental Petroleum in the third quarter valued at approximately $38,000. Hantz Financial Services Inc. raised its holdings in Occidental Petroleum by 1,193.9% during the second quarter. Hantz Financial Services Inc. now owns 854 shares of the oil and gas producer’s stock worth $36,000 after purchasing an additional 788 shares in the last quarter. Finally, MeadowBrook Investment Advisors LLC lifted its position in shares of Occidental Petroleum by 371.7% during the 2nd quarter. MeadowBrook Investment Advisors LLC now owns 1,000 shares of the oil and gas producer’s stock worth $42,000 after buying an additional 788 shares during the last quarter. Hedge funds and other institutional investors own 88.70% of the company’s stock.

Get Occidental Petroleum alerts:

Occidental Petroleum News Roundup

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

Positive Sentiment: Board approved an 8.3% quarterly dividend increase to $0.26, a clear shareholder-return signal that supported buying interest. Dividend Hike
Positive Sentiment: Q4 earnings beat consensus on EPS and the company reported production above guidance — operational outperformance that investors reward, especially given the potential for stronger cash generation if commodity prices cooperate. Earnings & Production
Positive Sentiment: Balance-sheet progress: management highlighted roughly $5.8 billion of debt reduction since mid-December after closing the OxyChem sale to Berkshire — a materially de‑risking event for credit metrics and leverage. Debt Reduction
Positive Sentiment: Occidental launched cash tender offers and consent solicitations for certain senior notes — an active move to repurchase debt that can lower interest costs and improve maturities, which investors typically view favorably. Tender Offers
Neutral Sentiment: Management flagged a lower 2026 capex plan (implying higher potential free cash flow) — positive structurally but contingent on oil prices; the market is weighing the guidance vs. commodity risk. Capex Outlook
Neutral Sentiment: Unusually high call-option volume indicates increased bullish speculative interest but is not a fundamental change; it can amplify intraday moves. (Reported by options-volume monitoring services.)
Negative Sentiment: Revenue missed some analyst expectations and total revenue was down year‑over‑year, a reminder that earnings beats were driven by cost/adjustments and production timing rather than topline growth. That tempers the optimism if oil prices soften. Earnings Release

Insider Buying and Selling

In other Occidental Petroleum news, Director William R. Klesse acquired 5,000 shares of the stock in a transaction on Tuesday, December 16th. The shares were bought at an average price of $38.98 per share, with a total value of $194,900.00. Following the acquisition, the director owned 218,913 shares of the company’s stock, valued at $8,533,228.74. This trade represents a 2.34% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.31% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

OXY has been the topic of a number of recent analyst reports. HSBC dropped their target price on shares of Occidental Petroleum from $55.00 to $54.00 and set a “buy” rating on the stock in a research report on Wednesday, November 12th. TD Cowen upgraded Occidental Petroleum to a “hold” rating in a research report on Monday, February 9th. The Goldman Sachs Group reduced their target price on Occidental Petroleum from $43.00 to $41.00 and set a “sell” rating for the company in a report on Thursday, January 22nd. Piper Sandler raised their price target on Occidental Petroleum from $46.00 to $47.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 28th. Finally, Citigroup decreased their price objective on Occidental Petroleum from $49.00 to $45.00 and set a “neutral” rating for the company in a report on Wednesday, November 19th. Seven equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and five have given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $47.48.

Read Our Latest Stock Analysis on Occidental Petroleum

Occidental Petroleum Stock Up 9.5%

Occidental Petroleum stock opened at $51.57 on Friday. The stock has a 50 day moving average of $43.26 and a two-hundred day moving average of $43.57. Occidental Petroleum Corporation has a twelve month low of $34.78 and a twelve month high of $52.58. The stock has a market capitalization of $50.80 billion, a price-to-earnings ratio of 32.03 and a beta of 0.41. The company has a current ratio of 0.94, a quick ratio of 0.71 and a debt-to-equity ratio of 0.73.

Occidental Petroleum (NYSE:OXY — Get Free Report) last released its quarterly earnings results on Wednesday, February 18th. The oil and gas producer reported $0.31 EPS 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 analysts’ expectations of $6.02 billion. Occidental Petroleum had a return on equity of 9.95% and a net margin of 9.14%.The company’s quarterly revenue was down 5.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.80 earnings per share. As a group, research analysts expect that Occidental Petroleum Corporation will post 3.58 earnings per share for the current year.

Occidental Petroleum Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 10th will be issued a dividend of $0.26 per share. This is an increase from Occidental Petroleum’s previous quarterly dividend of $0.24. This represents a $1.04 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Tuesday, March 10th. Occidental Petroleum’s dividend payout ratio is currently 70.59%.

Occidental Petroleum 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.