Sumitomo Mitsui Trust Group Inc. Raises Stock Position in Occidental Petroleum Corporation $OXY

Posted by Stanley Muller on Jul 11th, 2026

Sumitomo Mitsui Trust Group Inc. raised its position in Occidental Petroleum Corporation (NYSE:OXY – Free Report) by 4.1% during the 1st quarter, HoldingsChannel.com reports. The firm owned 1,685,169 shares of the oil and gas producer’s stock after acquiring an additional 66,438 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Occidental Petroleum were worth $109,536,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. raised its position in shares of Occidental Petroleum by 12.5% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 1,765 shares of the oil and gas producer’s stock valued at $111,000 after buying an additional 196 shares during the period. Athena Wealth Management LLC increased its stake in Occidental Petroleum by 1.2% during the first quarter. Athena Wealth Management LLC now owns 18,547 shares of the oil and gas producer’s stock worth $1,206,000 after acquiring an additional 214 shares during the last quarter. 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 valued at $1,831,000 after purchasing an additional 227 shares during the period. Summit Securities Group LLC raised its position in Occidental Petroleum by 18.5% in the fourth quarter. Summit Securities Group LLC now owns 1,469 shares of the oil and gas producer’s stock valued at $60,000 after purchasing an additional 229 shares during the period. Finally, Apella Capital LLC lifted its stake in shares of Occidental Petroleum by 3.4% in the 4th quarter. Apella Capital LLC now owns 7,019 shares of the oil and gas producer’s stock valued at $289,000 after purchasing an additional 233 shares during the last quarter. Hedge funds and other institutional investors own 88.70% of the company’s stock.

Insider Buying and Selling

In related news, CEO Richard A. Jackson bought 4,770 shares of the stock in a transaction that occurred on Tuesday, June 23rd. The stock was purchased at an average cost of $52.38 per share, with a total value of $249,852.60. Following the purchase, 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 document filed with the SEC, which can be accessed through this link. 0.50% of the stock is owned by insiders.

Occidental Petroleum Stock Up 1.1%

Shares of OXY traded up $0.56 during mid-day trading on Friday, hitting $52.87. 6,607,526 shares of the company’s stock were exchanged, compared to its average volume of 9,225,030. The stock’s 50-day moving average is $55.01 and its 200-day moving average is $52.46. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.01 and a current ratio of 1.21. Occidental Petroleum Corporation has a fifty-two week low of $38.80 and a fifty-two week high of $67.45. The company has a market cap of $52.58 billion, a price-to-earnings ratio of 13.32 and a beta of 0.15.

Occidental Petroleum (NYSE:OXY – Get Free Report) last released its earnings results on Tuesday, May 5th. The oil and gas producer reported $1.06 earnings per share (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 company had revenue of $5.11 billion for the quarter, compared to analyst estimates of $5.44 billion. During the same period in the prior year, the business earned $0.14 EPS. The firm’s quarterly revenue was down 8.3% on a year-over-year basis. On average, sell-side analysts anticipate that Occidental Petroleum Corporation will post 5.93 earnings per share for the current fiscal year.

Occidental Petroleum Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors 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 2.0%. Occidental Petroleum’s dividend payout ratio (DPR) is 26.20%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Susquehanna boosted their price objective on shares of Occidental Petroleum from $60.00 to $67.00 and gave the company a “positive” rating in a report on Tuesday, April 21st. The Goldman Sachs Group dropped their price target on shares of Occidental Petroleum from $64.00 to $60.00 and set a “neutral” rating for the company in a research report on Tuesday, June 30th. BMO Capital Markets boosted their price target on shares of Occidental Petroleum from $60.00 to $65.00 and gave the company a “market perform” rating in a research note on Tuesday, April 7th. Stephens increased their price objective on shares of Occidental Petroleum from $59.00 to $74.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 31st. Finally, Citigroup dropped their target price on shares of Occidental Petroleum from $67.00 to $62.00 and set a “neutral” rating for the company in a report on Friday, April 17th. Ten investment analysts have rated the stock with a Buy rating and sixteen have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $64.48.

Read Our Latest Stock Analysis on OXY

Occidental Petroleum 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.