Cibc World Market Inc. Increases Stake in Occidental Petroleum Corporation $OXY

Posted by Stanley Muller on Jun 6th, 2026

Cibc World Market Inc. increased its holdings in shares of Occidental Petroleum Corporation (NYSE:OXY – Free Report) by 41.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 457,876 shares of the oil and gas producer’s stock after purchasing an additional 135,095 shares during the period. Cibc World Market Inc.’s holdings in Occidental Petroleum were worth $18,828,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Activest Wealth Management increased its position in shares of Occidental Petroleum by 68.5% in the 4th quarter. Activest Wealth Management now owns 750 shares of the oil and gas producer’s stock valued at $31,000 after purchasing an additional 305 shares during the last quarter. Binnacle Investments Inc purchased a new stake in shares of Occidental Petroleum in the 3rd quarter valued at approximately $35,000. Garner Asset Management Corp purchased a new stake in shares of Occidental Petroleum in the 4th quarter valued at approximately $37,000. Elyxium Wealth LLC purchased a new stake in shares of Occidental Petroleum in the 4th quarter valued at approximately $39,000. Finally, Byrne Asset Management LLC increased its position in shares of Occidental Petroleum by 96.9% in the 4th quarter. Byrne Asset Management LLC now owns 1,219 shares of the oil and gas producer’s stock valued at $50,000 after purchasing an additional 600 shares during the last quarter. 88.70% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on OXY shares. Scotiabank increased their price objective on shares of Occidental Petroleum from $46.00 to $57.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 22nd. Raymond James Financial increased their price objective on shares of Occidental Petroleum from $64.00 to $75.00 and gave the company an “outperform” rating in a research report on Monday, May 4th. Capital One Financial increased their price objective on shares of Occidental Petroleum from $67.00 to $70.00 in a research report on Wednesday, May 27th. Barclays raised shares of Occidental Petroleum from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $59.00 to $72.00 in a research report on Tuesday, May 26th. Finally, UBS Group dropped their price objective on shares of Occidental Petroleum from $67.00 to $65.00 and set a “neutral” rating on the stock in a research report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $63.74.

Read Our Latest Analysis on Occidental Petroleum

Occidental Petroleum Stock Down 2.9%

Shares of NYSE:OXY opened at $56.95 on Friday. The stock has a market cap of $56.64 billion, a P/E ratio of 14.34 and a beta of 0.14. The firm has a fifty day moving average price of $58.68 and a 200 day moving average price of $50.55. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.21 and a quick ratio of 1.01. Occidental Petroleum Corporation has a 1-year low of $38.80 and a 1-year high of $67.45.

Occidental Petroleum (NYSE:OXY – Get Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The oil and gas producer reported $1.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.46. The firm had revenue of $5.11 billion during the quarter, compared to analysts’ expectations of $5.44 billion. Occidental Petroleum had a net margin of 19.98% and a return on equity of 9.65%. Occidental Petroleum’s quarterly revenue was down 8.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.14 EPS. Sell-side analysts predict that Occidental Petroleum Corporation will post 5.96 EPS for the current year.

Occidental Petroleum Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, June 10th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Wednesday, June 10th. Occidental Petroleum’s dividend payout ratio (DPR) is 26.20%.

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.