Occidental Petroleum Shares: Palumbo Wealth Management Increases Stake with 9,710 New Acquisitions

Occidental Petroleum Shares Surge as Palumbo Wealth Boosts Stake

Palumbo Wealth Management LLC recently increased its position in Occidental Petroleum Shares, acquiring an additional 9,710 shares in Q1—an impressive 34.2 % rise. This brings their total holding to 38,119 shares, valued at approximately $1.88 million.

Why Occidental Petroleum Shares Attract Institutional Investors

Institutional ownership plays a vital role in stock performance. Forms 13F filings show that approximately 88.7 % of Occidental Petroleum Shares are held by institutional investors a testament to widespread confidence in OXY’s fundamentals. Notably, investment giants like Berkshire Hathaway, Vanguard, and Dodge & Cox are among the leading shareholders.

Palumbo Wealth’s Bold Move on Occidental Petroleum Shares

Palumbo Wealth’s acquisition stands out in a crowded strategy landscape. By increasing their stake by over 30 %, they demonstrate confidence in Occidental Petroleum Shares as a long-term value play. Their current stake—worth nearly $1.9 million—underscores a meaningful investment.

Overview of Institutional Trends for Occidental Petroleum Shares

With about 1,821 institutions collectively holding more than 847 million shares (roughly 86 % of float), Occidental Petroleum Shares are heavily favored by the institutional world. Moreover, top-tier investors like Berkshire Hathaway hold nearly 27–28 % of the total shares.

Stock Performance & Financial Metrics for Occidental Petroleum Shares

As of a recent session, Occidental Petroleum Shares traded around $45.68—close to its 200-day average ($45.65) and above its 50-day average ($41.78). The company carries a price-to-earnings ratio near 18.6, with a beta around 0.87—indicating moderate volatility relative to the overall market .

Analyst forecasts anticipate an EPS of $3.58 for the year. Meanwhile, Q1 saw earnings per share at $0.87—beating estimates by $0.13—on revenue of $6.80 billion . Occidental also recently declared a quarterly dividend: $0.24 per share, translating to a 2.10 % yield .

Outlook: Will Occidental Petroleum Shares Continue to Shine?

Wall Street opinions on Occidental Petroleum Shares are mostly “Hold.” Among 22 analysts, five recommend “Buy,” 14 rate it “Hold,” and three advise “Sell”—with a consensus target price around $53.14 .

Notably, Berkshire Hathaway—led by Warren Buffett—holds roughly 28 % of the company and has maintained or increased that position amid fluctuating stock prices. Their long-term support suggests institutional trust, despite recent pullbacks in oil markets.

Occidental Petroleum Shares Rise as Institutional Investors Boost Stakes

Occidental Petroleum shares continue to attract attention from institutional investors. In the first quarter, Palumbo Wealth Management LLC increased its holdings in Occidental by 34.2%, acquiring 38,119 shares valued at $1.88 million. Similarly, several hedge funds like Altshuler Shaham, Grove Bank & Trust, and Bernard Wealth Management also expanded their positions.

Currently trading at $45.68, Occidental Petroleum shares have shown resilience despite market fluctuations. The company maintains a market cap of $44.96 billion and a P/E ratio of 18.57, with recent earnings beating expectations—reporting $0.87 per share on $6.80 billion in revenue.

Additionally, Occidental declared a quarterly dividend of $0.24 per share, yielding 2.10%, a sign of strong financial health. Analysts remain cautious, with a consensus rating of “Hold” and an average price target of $53.14.

With 88.70% of Occidental Petroleum held by institutions, confidence in the stock remains high. However, investors should monitor oil price trends and debt levels before making investment decisions.

Risk Factors Impacting Occidental Petroleum Shares

Investors should weigh these considerations:

• Debt Levels: OXY carries significant debt, partly from the CrownRock and Anadarko acquisitions. Though debt reduction is ongoing, it remains a concern.
• Oil Price Volatility: OXY’s profitability closely tracks crude prices. A drop below $60/barrel recently dented stock value; any rebound could boost shares, while sustained low prices pose downside risk.
• Clean-Energy Initiatives: Occidental’s investments in direct-air capture (DAC) and low-carbon ventures depend in part on government support, which remains uncertain.

Should You Consider Buying Occidental Petroleum Shares?

Here’s a quick rundown to help investors decide:

Final Thoughts

Occidental Petroleum Shares come with both promise and risk. The heavy institutional presence and Berkshire Hathaway’s stake offer a compelling endorsement. However, macroeconomic factors—oil prices, debt burden, and clean-energy policy—warrant careful monitoring.

If you’re bullish on long-term energy demand, believe oil prices will remain stable or rise, and value strong investor backing, Occidental Shares could be a strategic addition. Just be mindful of the risks and consider timing your entry accordingly.

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