Holowesko Partners Ltd. Cuts Stake in Occidental Petroleum Corporation $OXY

Posted by Brenda Bartman on Jun 8th, 2026

Holowesko Partners Ltd. lessened its stake in shares of Occidental Petroleum Corporation (NYSE:OXY – Free Report) by 85.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 18,000 shares of the oil and gas producer’s stock after selling 105,700 shares during the quarter. Occidental Petroleum accounts for about 0.3% of Holowesko Partners Ltd.’s portfolio, making the stock its 25th biggest position. Holowesko Partners Ltd.’s holdings in Occidental Petroleum were worth $740,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Carrera Capital Advisors raised its position in Occidental Petroleum by 0.5% in the fourth quarter. Carrera Capital Advisors now owns 44,279 shares of the oil and gas producer’s stock worth $1,831,000 after acquiring an additional 227 shares during the period. Apella Capital LLC raised its stake in Occidental Petroleum by 3.4% during the 4th quarter. Apella Capital LLC now owns 7,019 shares of the oil and gas producer’s stock worth $289,000 after acquiring an additional 233 shares during the period. Jamison Private Wealth Management Inc. raised its stake in Occidental Petroleum by 1.8% during the 4th quarter. Jamison Private Wealth Management Inc. now owns 13,934 shares of the oil and gas producer’s stock worth $573,000 after acquiring an additional 249 shares during the period. Woodward Diversified Capital LLC raised its position in shares of Occidental Petroleum by 4.2% during the fourth quarter. Woodward Diversified Capital LLC now owns 6,652 shares of the oil and gas producer’s stock valued at $274,000 after buying an additional 270 shares during the last quarter. Finally, Independent Advisor Alliance raised its position in shares of Occidental Petroleum by 1.1% during the fourth quarter. Independent Advisor Alliance now owns 26,092 shares of the oil and gas producer’s stock valued at $1,073,000 after buying an additional 276 shares during the last quarter. Hedge funds and other institutional investors own 88.70% of the company’s stock.

Occidental Petroleum Price Performance

Shares of NYSE:OXY opened at $56.95 on Monday. Occidental Petroleum Corporation has a twelve month low of $38.80 and a twelve month high of $67.45. The company’s 50 day moving average is $58.68 and its 200 day moving average is $50.61. The company has a current ratio of 1.21, a quick ratio of 1.01 and a debt-to-equity ratio of 0.49. The company has a market cap of $56.64 billion, a PE ratio of 14.34 and a beta of 0.14.

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

Occidental Petroleum Announces Dividend

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

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Wolfe Research boosted their price target on shares of Occidental Petroleum from $67.00 to $70.00 and gave the stock an “outperform” rating in a research report on Monday, April 6th. Susquehanna lifted their price objective on shares of Occidental Petroleum from $60.00 to $67.00 and gave the stock a “positive” rating in a research note on Tuesday, April 21st. Wells Fargo & Company boosted their target price on shares of Occidental Petroleum from $69.00 to $72.00 and gave the company an “overweight” rating in a research note on Thursday, April 9th. JPMorgan Chase & Co. lowered their price objective on shares of Occidental Petroleum from $64.00 to $63.00 in a research note on Thursday, May 7th. Finally, Barclays raised shares of Occidental Petroleum from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $59.00 to $72.00 in a research note on Tuesday, May 26th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Occidental Petroleum presently has an average rating of “Hold” and an average price target of $63.74.

Check Out Our Latest Research Report on Occidental Petroleum

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.