---
title: "Sagespring Wealth Partners LLC Invests $434,000 in Occidental Petroleum Co. (NYSE:OXY)"
description: "Sagespring Wealth Partners LLC invested $434,000 in Occidental Petroleum Co. (NYSE:OXY) by acquiring 8,793 shares during the 4th quarter, as reported in their recent SEC filing. Other institutional in"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/236188218.md"
published_at: "2025-04-16T08:42:10.000Z"
---

# Sagespring Wealth Partners LLC Invests $434,000 in Occidental Petroleum Co. (NYSE:OXY)

> Sagespring Wealth Partners LLC invested $434,000 in Occidental Petroleum Co. (NYSE:OXY) by acquiring 8,793 shares during the 4th quarter, as reported in their recent SEC filing. Other institutional investors, including Vanguard Group and Geode Capital Management, also increased their stakes in the company. Occidental Petroleum's stock performance shows a 52-week range of $34.79 to $68.43, with a current market cap of $35.50 billion. The company recently raised its quarterly dividend to $0.24, reflecting a positive change from the previous $0.22.

Sagespring Wealth Partners LLC purchased a new stake in shares of Occidental Petroleum Co. (NYSE:OXY - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 8,793 shares of the oil and gas producer's stock, valued at approximately $434,000.

Get **Occidental Petroleum** alerts:

-   Buffett Loves Occidental Petroleum—Should You? 4 Pros, 3 Cons

A number of other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in shares of Occidental Petroleum by 18.1% during the 4th quarter. Vanguard Group Inc. now owns 68,123,704 shares of the oil and gas producer's stock worth $3,365,992,000 after purchasing an additional 10,434,098 shares during the period. Geode Capital Management LLC grew its stake in shares of Occidental Petroleum by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 14,245,357 shares of the oil and gas producer's stock valued at $701,816,000 after buying an additional 398,467 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Occidental Petroleum by 25.2% in the fourth quarter. Invesco Ltd. now owns 6,357,689 shares of the oil and gas producer's stock worth $314,133,000 after buying an additional 1,278,389 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Occidental Petroleum by 5.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,236,980 shares of the oil and gas producer's stock worth $209,349,000 after acquiring an additional 229,210 shares during the last quarter. Finally, Cooke & Bieler LP boosted its holdings in Occidental Petroleum by 14.6% during the 4th quarter. Cooke & Bieler LP now owns 2,958,596 shares of the oil and gas producer's stock valued at $146,184,000 after acquiring an additional 377,952 shares during the period. 88.70% of the stock is currently owned by institutional investors.

## Insiders Place Their Bets

In other news, major shareholder Berkshire Hathaway Inc acquired 763,017 shares of Occidental Petroleum stock in a transaction dated Friday, February 7th. The stock was purchased at an average cost of $46.82 per share, for a total transaction of $35,724,455.94. Following the completion of the purchase, the insider now directly owns 264,941,431 shares in the company, valued at $12,404,557,799.42. This trade represents a 0.29 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.31% of the stock is currently owned by insiders.

## Occidental Petroleum Price Performance

-   MarketBeat Week in Review — 04/07 - 04/11

Shares of OXY stock opened at $37.77 on Wednesday. Occidental Petroleum Co. has a fifty-two week low of $34.79 and a fifty-two week high of $68.43. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.76 and a current ratio of 0.95. The firm has a market capitalization of $35.50 billion, a price-to-earnings ratio of 15.48 and a beta of 1.02. The stock's 50-day simple moving average is $46.08 and its 200-day simple moving average is $48.87.

Occidental Petroleum (NYSE:OXY - Get Free Report) last released its earnings results on Tuesday, February 18th. The oil and gas producer reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.13. The company had revenue of $6.84 billion for the quarter, compared to the consensus estimate of $7.14 billion. Occidental Petroleum had a net margin of 11.37% and a return on equity of 16.33%. As a group, equities analysts forecast that Occidental Petroleum Co. will post 3.58 earnings per share for the current fiscal year.

## Occidental Petroleum Increases Dividend

-   Buffett’s Next Oil Bet: Why Occidental Is Different

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 10th were paid a $0.24 dividend. This is a positive change from Occidental Petroleum's previous quarterly dividend of $0.22. The ex-dividend date was Monday, March 10th. This represents a $0.96 dividend on an annualized basis and a yield of 2.54%. Occidental Petroleum's dividend payout ratio (DPR) is 39.34%.

## Wall Street Analysts Forecast Growth

OXY has been the subject of several research analyst reports. TD Cowen downgraded Occidental Petroleum from a "buy" rating to a "hold" rating and decreased their target price for the stock from $68.00 to $45.00 in a research report on Tuesday, April 8th. Stephens decreased their price objective on shares of Occidental Petroleum from $60.00 to $58.00 and set an "overweight" rating for the company in a report on Tuesday. The Goldman Sachs Group downgraded shares of Occidental Petroleum from a "neutral" rating to a "sell" rating and dropped their target price for the stock from $54.00 to $45.00 in a research note on Friday, January 31st. Scotiabank downgraded shares of Occidental Petroleum from a "sector outperform" rating to a "sector perform" rating and set a $40.00 price target for the company. in a research note on Friday, April 11th. Finally, Citigroup reduced their price objective on Occidental Petroleum from $56.00 to $51.00 and set a "neutral" rating on the stock in a report on Monday, March 17th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $56.10.

**View Our Latest Analysis on OXY**

## Occidental Petroleum Profile

(Free Report)

Occidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in the United States, the Middle East, and North Africa. It operates through three segments: Oil and Gas, Chemical, and Midstream and Marketing. The company's Oil and Gas segment explores for, develops, and produces oil and condensate, natural gas liquids (NGLs), and natural gas.

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*This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.*

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.
