Occidental Petroleum (NYSE:OXY) Shares Gap Up Following Dividend Announcement

Occidental Petroleum Corporation (NYSE:OXY)’s share price gapped up prior to trading on Thursday following a dividend announcement from the company. The stock had previously closed at $47.11, but opened at $49.76. Occidental Petroleum shares last traded at $50.5160, with a volume of 13,708,333 shares.

The newly announced 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. The ex-dividend date of this dividend is Tuesday, March 10th. This is an increase from Occidental Petroleum’s previous quarterly dividend of $0.24. This represents a $1.04 dividend on an annualized basis and a yield of 2.0%. Occidental Petroleum’s dividend payout ratio is presently 70.59%.

Analyst Ratings Changes

OXY has been the topic of several research reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Occidental Petroleum in a research report on Thursday, January 22nd. Citigroup dropped their target price on shares of Occidental Petroleum from $49.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday, November 19th. Wall Street Zen lowered shares of Occidental Petroleum from a “hold” rating to a “sell” rating in a research note on Sunday, January 11th. Morgan Stanley decreased their price target on shares of Occidental Petroleum from $51.00 to $50.00 and set an “overweight” rating on the stock in a research report on Friday, January 23rd. Finally, Barclays initiated coverage on Occidental Petroleum in a research report on Wednesday, January 21st. They set an “equal weight” rating for the company. Seven research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $47.48.

Occidental Petroleum Trading Up 8.1%

The company has a quick ratio of 0.71, a current ratio of 0.94 and a debt-to-equity ratio of 0.73. The firm has a market cap of $50.18 billion, a price-to-earnings ratio of 37.45 and a beta of 0.41. The company has a 50-day moving average price of $43.05 and a 200 day moving average price of $43.51.

Occidental Petroleum (NYSE:OXY) last announced its quarterly earnings data on Wednesday, February 18th. The oil and gas producer reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.02). Occidental Petroleum had a return on equity of 12.35% and a net margin of 7.81%.The business had revenue of $5.11 billion during the quarter, compared to analysts’ expectations of $6.02 billion. During the same period in the prior year, the company posted $0.80 earnings per share. The firm’s revenue was down 5.2% on a year-over-year basis. As a group, research analysts anticipate that Occidental Petroleum Corporation will post 3.58 earnings per share for the current fiscal year.

Occidental Petroleum News Summary

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

• Positive Sentiment: Market reaction to Q4 results and geopolitical support — several outlets report shares rose after the company’s Q4 announcement and amid Iran tensions, which can lift oil prices and OXY’s outlook. The same coverage cites interest in Kinetik-related transactions as a potential value catalyst. OXY Rises On Earnings Beat, Iran Geopolitical Tension, Kinetik Sale Interest
• Positive Sentiment: Active debt reduction move — Occidental launched cash tender offers and consent solicitations for several senior notes and debentures, signaling an effort to manage and potentially lower leverage; investors typically view orderly liability management as credit‑positive. Occidental Announces Cash Tender Offers and Consent Solicitations for Certain of its Senior Notes and Debentures
• Neutral Sentiment: Official Q4 release and mixed metrics — the company posted Q4 results (see press release); headlines differ on whether EPS beat or missed various consensus figures and revenue was reported lower year‑over‑year in some summaries, creating ambiguity for models and near‑term guidance. Occidental Announces Fourth Quarter 2025 Results
• Neutral Sentiment: Conflicting earnings coverage — some outlets (e.g., Zacks) reported an EPS beat vs. a lowered consensus, which helps sentiment, while other services flagged a revenue shortfall versus published estimates; the inconsistency increases short‑term volatility. Occidental Petroleum (OXY) Q4 Earnings Top Estimates
• Negative Sentiment: Analyst pressure and revenue concerns — Susquehanna trimmed Occidental’s price target citing near‑term oil oversupply risks; some coverage highlights a revenue miss that could weigh on sentiment if oil markets soften. Susquehanna lowers Occidental Petroleum (OXY) PT amid near-term oil oversupply concerns

Insider Buying and Selling

In related news, Director William R. Klesse acquired 5,000 shares of the company’s stock in a transaction on Tuesday, December 16th. The shares were purchased at an average price of $38.98 per share, for a total transaction of $194,900.00. Following the purchase, the director owned 218,913 shares in the company, valued at $8,533,228.74. This 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 can be accessed through this link. Insiders own 0.31% of the company’s stock.

Hedge Funds Weigh In On Occidental Petroleum

Institutional investors and hedge funds have recently modified their holdings of the stock. Tevis Investment Management bought a new position in Occidental Petroleum during the second quarter worth about $356,000. Swedbank AB bought a new position in shares of Occidental Petroleum during the 3rd quarter worth approximately $35,517,000. Gifford Fong Associates boosted its stake in Occidental Petroleum by 41.2% in the 3rd quarter. Gifford Fong Associates now owns 171,429 shares of the oil and gas producer’s stock valued at $8,100,000 after buying an additional 50,000 shares in the last quarter. Adams Natural Resources Fund Inc. grew its position in Occidental Petroleum by 1,642.6% in the second quarter. Adams Natural Resources Fund Inc. now owns 128,951 shares of the oil and gas producer’s stock valued at $5,417,000 after acquiring an additional 121,551 shares during the period. Finally, Rakuten Investment Management Inc. acquired a new position in Occidental Petroleum during the third quarter worth $1,072,000. 88.70% of the stock is currently owned by hedge funds and other institutional investors.

Occidental Petroleum Company Profile

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.