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Sciencast Management LP Makes New Investment in Occidental Petroleum Co. (NYSE:OXY)

MarketBeat · last updated March 23, 2025 – 1:46 AM

Sciencast Management LP purchased a new position in Occidental Petroleum Co. (NYSE:OXY — Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 31,021 shares of the oil and gas producer’s stock, valued at approximately $1,533,000.

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Several other large investors have also made changes to their positions in the business. Millstone Evans Group LLC acquired a new position in shares of Occidental Petroleum during the 4th quarter worth about $42,000. Teacher Retirement System of Texas lifted its position in shares of Occidental Petroleum by 740.1% during the 4th quarter. Teacher Retirement System of Texas now owns 37,393 shares of the oil and gas producer’s stock worth $1,848,000 after purchasing an additional 32,942 shares during the last quarter. Generali Investments Management Co LLC acquired a new position in shares of Occidental Petroleum during the 4th quarter worth about $1,266,000. Vinva Investment Management Ltd lifted its position in shares of Occidental Petroleum by 57.9% during the 4th quarter. Vinva Investment Management Ltd now owns 17,635 shares of the oil and gas producer’s stock worth $855,000 after purchasing an additional 6,466 shares during the last quarter. Finally, VSM Wealth Advisory LLC acquired a new position in shares of Occidental Petroleum during the 4th quarter worth about $27,000. Institutional investors and hedge funds own 88.70% of the company’s stock.

Occidental Petroleum Stock Up 0.3 %

NYSE OXY opened at $48.11 on Friday. The firm has a market cap of $45.15 billion, a PE ratio of 19.72 and a beta of 1.51. Occidental Petroleum Co. has a one year low of $44.70 and a one year high of $71.19. The stock’s 50 day simple moving average is $48.61 and its 200 day simple moving average is $50.01. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.95 and a quick ratio of 0.76.

Occidental Petroleum (NYSE:OXY — Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The oil and gas producer reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.13. Occidental Petroleum had a return on equity of 16.33% and a net margin of 11.37%. The firm had revenue of $6.84 billion for the quarter, compared to the consensus estimate of $7.14 billion. As a group, sell-side analysts forecast that Occidental Petroleum Co. will post 3.58 earnings per share for the current fiscal year.

Occidental Petroleum Increases Dividend

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

Analyst Ratings Changes

Several research firms recently weighed in on OXY. Mizuho cut their price objective on Occidental Petroleum from $72.00 to $70.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. JPMorgan Chase & Co. cut their price target on Occidental Petroleum from $59.00 to $52.00 and set a “neutral” rating for the company in a report on Thursday, March 13th. Piper Sandler cut their price target on Occidental Petroleum from $51.00 to $50.00 and set a “neutral” rating for the company in a report on Thursday, March 6th. StockNews.com cut Occidental Petroleum from a “hold” rating to a “sell” rating in a report on Thursday, February 27th. Finally, Raymond James cut Occidental Petroleum from a “strong-buy” rating to an “outperform” rating and cut their price target for the company from $81.00 to $64.00 in a report on Monday, March 10th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $60.45.

View Our Latest Analysis on Occidental Petroleum

Insiders Place Their Bets

In related news, major shareholder Berkshire Hathaway Inc purchased 763,017 shares of the business’s stock in a transaction dated Friday, February 7th. The shares were bought at an average price of $46.82 per share, with a total value of $35,724,455.94. Following the purchase, the insider now directly owns 264,941,431 shares in the company, valued at $12,404,557,799.42. This trade represents a 0.29 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.31% of the company’s stock.

Occidental Petroleum Company 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.