Castleark Management LLC Takes Position in Occidental Petroleum Corporation $OXY

Posted by Brian Himes on Aug 27th, 2026

Castleark Management LLC bought a new position in shares of Occidental Petroleum Corporation (NYSE:OXY – Free Report) during the 2nd quarter, HoldingsChannel reports. The fund bought 52,585 shares of the oil and gas producer’s stock, valued at approximately $2,554,000.

Other hedge funds also recently modified their holdings of the company. State Street Corp lifted its position in Occidental Petroleum by 2.1% during the fourth quarter. State Street Corp now owns 39,539,743 shares of the oil and gas producer’s stock worth $1,635,263,000 after purchasing an additional 828,848 shares during the period. Geode Capital Management LLC increased its holdings in Occidental Petroleum by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 18,846,231 shares of the oil and gas producer’s stock valued at $771,949,000 after buying an additional 167,518 shares during the period. Bank of New York Mellon Corp increased its holdings in Occidental Petroleum by 84.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 10,643,916 shares of the oil and gas producer’s stock valued at $516,975,000 after buying an additional 4,882,834 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Occidental Petroleum by 21.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 10,602,660 shares of the oil and gas producer’s stock valued at $436,008,000 after buying an additional 1,883,721 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Occidental Petroleum by 18.9% during the 4th quarter. Invesco Ltd. now owns 6,730,847 shares of the oil and gas producer’s stock worth $276,772,000 after acquiring an additional 1,071,948 shares during the period. Institutional investors own 88.70% of the company’s stock.

Occidental Petroleum Stock Performance

NYSE OXY opened at $58.69 on Thursday. The firm’s fifty day moving average price is $54.88 and its two-hundred day moving average price is $55.84. The stock has a market cap of $58.67 billion, a PE ratio of 9.09, a PEG ratio of 0.93 and a beta of 0.15. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.13 and a current ratio of 1.41. Occidental Petroleum Corporation has a fifty-two week low of $38.80 and a fifty-two week high of $67.45.

Occidental Petroleum (NYSE:OXY – Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The oil and gas producer reported $2.40 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.57. The company had revenue of $8.06 billion for the quarter, compared to the consensus estimate of $7.07 billion. Occidental Petroleum had a return on equity of 15.31% and a net margin of 28.36%.Occidental Petroleum’s revenue for the quarter was up 53.4% on a year-over-year basis. During the same quarter last year, the business posted $0.39 EPS. On average, equities analysts expect that Occidental Petroleum Corporation will post 6.09 EPS for the current fiscal year.

Occidental Petroleum Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Thursday, September 10th will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, September 10th. This is a positive change from Occidental Petroleum’s previous quarterly dividend of $0.26. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.9%. Occidental Petroleum’s payout ratio is 16.10%.

Insider Buying and Selling at Occidental Petroleum

In other news, CEO Richard A. Jackson acquired 4,770 shares of the stock in a transaction dated Tuesday, June 23rd. The stock was bought at an average price of $52.38 per share, with a total value of $249,852.60. Following the completion of the purchase, the chief executive officer directly owned 444,098 shares of the company’s stock, valued at $23,261,853.24. This represents a 1.09% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.50% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on OXY shares. Evercore raised shares of Occidental Petroleum from an “in-line” rating to an “outperform” rating and set a $65.00 price objective on the stock in a research note on Wednesday, July 8th. Capital One Financial raised their target price on Occidental Petroleum from $67.00 to $70.00 in a report on Wednesday, May 27th. Stephens decreased their price target on Occidental Petroleum from $73.00 to $69.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 14th. Barclays lowered their price target on Occidental Petroleum from $75.00 to $71.00 and set an “overweight” rating for the company in a report on Monday, August 17th. Finally, Raymond James Financial upped their price objective on Occidental Petroleum from $64.00 to $75.00 and gave the stock an “outperform” rating in a research report on Monday, May 4th. Ten analysts have rated the stock with a Buy rating and sixteen have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $64.83.

Read Our Latest Research Report on OXY

About Occidental Petroleum

(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.