Sharpepoint LLC Sells 67,762 Shares of Occidental Petroleum Corporation $OXY

Posted by Stanley Muller on Jun 11th, 2026

Sharpepoint LLC cut its holdings in Occidental Petroleum Corporation (NYSE:OXY – Free Report) by 88.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,610 shares of the oil and gas producer’s stock after selling 67,762 shares during the period. Sharpepoint LLC’s holdings in Occidental Petroleum were worth $354,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Activest Wealth Management raised its stake in shares of Occidental Petroleum by 68.5% during the fourth quarter. Activest Wealth Management now owns 750 shares of the oil and gas producer’s stock valued at $31,000 after acquiring an additional 305 shares during the last quarter. Binnacle Investments Inc bought a new position in shares of Occidental Petroleum during the third quarter valued at about $35,000. Garner Asset Management Corp bought a new position in shares of Occidental Petroleum during the fourth quarter valued at about $37,000. Elyxium Wealth LLC bought a new position in shares of Occidental Petroleum during the fourth quarter valued at about $39,000. Finally, Byrne Asset Management LLC raised its stake in shares of Occidental Petroleum by 96.9% during the fourth quarter. Byrne Asset Management LLC now owns 1,219 shares of the oil and gas producer’s stock valued at $50,000 after acquiring an additional 600 shares during the last quarter. 88.70% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Wolfe Research upped their price objective on shares of Occidental Petroleum from $67.00 to $70.00 and gave the company an “outperform” rating in a research note on Monday, April 6th. Scotiabank upped 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 note on Wednesday, April 22nd. Zacks Research raised shares of Occidental Petroleum from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 31st. Mizuho upped their price objective on shares of Occidental Petroleum from $72.00 to $75.00 and gave the company an “outperform” rating in a research note on Wednesday, May 27th. Finally, TD Cowen upped their price objective on shares of Occidental Petroleum from $48.00 to $54.00 and gave the company a “hold” rating in a research note on Monday, February 23rd. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $63.74.

Check Out Our Latest Research Report on OXY

Occidental Petroleum Price Performance

Shares of NYSE OXY opened at $57.14 on Thursday. Occidental Petroleum Corporation has a 1 year low of $38.80 and a 1 year high of $67.45. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.21 and a quick ratio of 1.01. The company’s 50-day moving average is $58.18 and its 200 day moving average is $50.93. The stock has a market capitalization of $56.83 billion, a P/E ratio of 14.39 and a beta of 0.14.

Occidental Petroleum (NYSE:OXY – Get Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The oil and gas producer reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts’ expectations of $5.44 billion. During the same quarter in the previous year, the company earned $0.14 earnings per share. Occidental Petroleum’s quarterly revenue was down 8.3% on a year-over-year basis. On average, sell-side analysts expect that Occidental Petroleum Corporation will post 5.79 earnings per share for the current year.

Occidental Petroleum Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, June 10th will be given a dividend of $0.26 per share. The ex-dividend date is Wednesday, June 10th. This represents a $1.04 annualized dividend and a dividend yield of 1.8%. Occidental Petroleum’s payout ratio is currently 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.