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Rep. Jefferson Shreve Sells Off Shares of Occidental Petroleum Co. (NYSE:OXY)

MarketBeat · last updated May 11, 2025 – 11:53 AM

Representative Jefferson Shreve (R-Indiana) recently sold shares of Occidental Petroleum Co. NYSE: OXY. In a filing disclosed on May 08th, the Representative disclosed that they had sold between $15,001 and $50,000 in Occidental Petroleum stock on April 7th. The trade occurred in the Representative’s “CRT — STANDARD UNIT TRUST” account.

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Representative Jefferson Shreve also recently made the following trade(s):

Purchased $50,001 — $100,000 in shares of Chipotle Mexican Grill NYSE: CMG on 4/17/2025.
Purchased $50,001 — $100,000 in shares of Applied Materials NASDAQ: AMAT on 4/17/2025.
Purchased $15,001 — $50,000 in shares of Caterpillar NYSE: CAT on 4/17/2025.
Sold $15,001 — $50,000 in shares of Lululemon Athletica NASDAQ: LULU on 4/17/2025.
Purchased $15,001 — $50,000 in shares of Western Digital NASDAQ: WDC on 4/17/2025.
Sold $15,001 — $50,000 in shares of Zoetis NYSE: ZTS on 4/17/2025.
Purchased $15,001 — $50,000 in shares of Stryker NYSE: SYK on 4/17/2025.
Purchased $15,001 — $50,000 in shares of NextEra Energy NYSE: NEE on 4/17/2025.
Purchased $15,001 — $50,000 in shares of CSX NASDAQ: CSX on 4/17/2025.
Purchased $15,001 — $50,000 in shares of Ross Stores NASDAQ: ROST on 4/17/2025.

Occidental Petroleum Stock Up 2.0 %

Shares of NYSE OXY traded up $0.81 during midday trading on Friday, hitting $42.25. The stock had a trading volume of 11,641,949 shares, compared to its average volume of 11,062,453. Occidental Petroleum Co. has a 52 week low of $34.79 and a 52 week high of $64.76. The company has a market cap of $39.71 billion, a P/E ratio of 17.32 and a beta of 0.81. The business’s 50 day moving average is $42.96 and its 200-day moving average is $47.25. The company has a quick ratio of 0.76, a current ratio of 0.95 and a debt-to-equity ratio of 0.95.

Occidental Petroleum (NYSE:OXY — Get Free Report) last posted its earnings results on Wednesday, May 7th. The oil and gas producer reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.13. The business had revenue of $6.80 billion during the quarter, compared to analyst estimates of $6.97 billion. Occidental Petroleum had a return on equity of 16.33% and a net margin of 11.37%. The company’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.63 EPS. As a group, analysts predict that Occidental Petroleum Co. will post 3.58 EPS for the current year.

Occidental Petroleum Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, June 10th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $0.96 annualized dividend and a yield of 2.27%. Occidental Petroleum’s dividend payout ratio (DPR) is presently 39.34%.

Institutional Investors Weigh In On Occidental Petroleum

Several large investors have recently bought and sold shares of the business. Altshuler Shaham Ltd purchased a new stake in shares of Occidental Petroleum during the 4th quarter valued at about $26,000. Whipplewood Advisors LLC bought a new stake in shares of Occidental Petroleum in the 4th quarter valued at approximately $27,000. VSM Wealth Advisory LLC purchased a new position in shares of Occidental Petroleum in the 4th quarter worth approximately $27,000. Bernard Wealth Management Corp. bought a new position in shares of Occidental Petroleum during the 4th quarter valued at approximately $32,000. Finally, Grove Bank & Trust raised its holdings in Occidental Petroleum by 129.2% during the 1st quarter. Grove Bank & Trust now owns 722 shares of the oil and gas producer’s stock valued at $36,000 after buying an additional 407 shares during the period. Institutional investors own 88.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on OXY shares. Stephens dropped their price target on shares of Occidental Petroleum from $60.00 to $58.00 and set an “overweight” rating on the stock in a report on Tuesday, April 15th. StockNews.com lowered shares of Occidental Petroleum from a “hold” rating to a “sell” rating in a research note on Thursday, February 27th. Roth Capital set a $54.00 price target on Occidental Petroleum in a research note on Thursday, January 23rd. The Goldman Sachs Group downgraded Occidental Petroleum from a “neutral” rating to a “sell” rating and lowered their target price for the company from $54.00 to $45.00 in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. cut their price target on Occidental Petroleum from $52.00 to $47.00 and set a “neutral” rating for the company in a research note on Friday. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $54.05.

View Our Latest Analysis on Occidental Petroleum

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana’s 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana’s 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor’s degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve’s career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

About Occidental Petroleum

(Get 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.