Moran Wealth Management LLC Acquires 17,786 Shares of Occidental Petroleum Corporation $OXY

Posted by Brenda Bartman on Jul 6th, 2026

Moran Wealth Management LLC increased its stake in Occidental Petroleum Corporation (NYSE:OXY – Free Report) by 45.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,093 shares of the oil and gas producer’s stock after acquiring an additional 17,786 shares during the period. Moran Wealth Management LLC’s holdings in Occidental Petroleum were worth $3,711,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Athena Wealth Management LLC lifted its stake in shares of Occidental Petroleum by 1.2% in the 1st quarter. Athena Wealth Management LLC now owns 18,547 shares of the oil and gas producer’s stock valued at $1,206,000 after purchasing an additional 214 shares during the last quarter. Carrera Capital Advisors increased its position in shares of Occidental Petroleum by 0.5% during the 4th quarter. Carrera Capital Advisors now owns 44,279 shares of the oil and gas producer’s stock valued at $1,831,000 after purchasing an additional 227 shares during the last quarter. Summit Securities Group LLC raised its holdings in Occidental Petroleum by 18.5% during the 4th quarter. Summit Securities Group LLC now owns 1,469 shares of the oil and gas producer’s stock valued at $60,000 after buying an additional 229 shares during the period. Apella Capital LLC raised its holdings 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 valued at $289,000 after buying an additional 233 shares during the period. Finally, Jamison Private Wealth Management Inc. lifted its position in Occidental Petroleum by 1.8% in the fourth quarter. Jamison Private Wealth Management Inc. now owns 13,934 shares of the oil and gas producer’s stock worth $573,000 after buying an additional 249 shares during the last quarter. 88.70% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on OXY. Scotiabank boosted 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. UBS Group lowered their target price on shares of Occidental Petroleum from $67.00 to $65.00 and set a “neutral” rating for the company in a report on Thursday, May 7th. Capital One Financial lifted their price target on shares of Occidental Petroleum from $67.00 to $70.00 in a research note on Wednesday, May 27th. Raymond James Financial increased their price objective on shares of Occidental Petroleum from $64.00 to $75.00 and gave the stock an “outperform” rating in a research report on Monday, May 4th. Finally, The Goldman Sachs Group decreased their price objective on shares of Occidental Petroleum from $64.00 to $60.00 and set a “neutral” rating for the company in a research note on Tuesday, June 30th. Nine investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $63.30.

View Our Latest Report on Occidental Petroleum

Occidental Petroleum Price Performance

Occidental Petroleum stock opened at $48.84 on Monday. The stock has a market cap of $48.58 billion, a price-to-earnings ratio of 12.30 and a beta of 0.15. 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. The firm has a 50-day moving average of $55.65 and a two-hundred day moving average of $52.12.

Occidental Petroleum (NYSE:OXY – Get Free Report) last issued its earnings results 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 analyst estimates of $5.44 billion. During the same period last year, the company posted $0.14 earnings per share. The company’s quarterly revenue was down 8.3% compared to the same quarter last year. On average, research analysts forecast that Occidental Petroleum Corporation will post 5.99 earnings per share for the current year.

Occidental Petroleum Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, June 10th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $1.04 annualized dividend and a yield of 2.1%. Occidental Petroleum’s dividend payout ratio is 26.20%.

Insider Buying and Selling

In other news, CEO Richard A. Jackson acquired 4,770 shares of Occidental Petroleum stock in a transaction on Tuesday, June 23rd. The shares were bought at an average cost of $52.38 per share, for a total transaction of $249,852.60. Following the acquisition, the chief executive officer directly owned 444,098 shares of the company’s stock, valued at $23,261,853.24. This trade represents a 1.09% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.50% of the stock is owned by insiders.

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.