Is Occidental Petroleum Seeing Increased Institutional Interest?

February 04, 2025 07:23 PM PST | By Team Kalkine Media

Is Occidental Petroleum Seeing Increased Institutional Interest? — Image source: Shutterstock

Institutional Holdings and Recent Transactions

Scharf Investments LLC expanded its stake in Occidental Petroleum (NYSE:OXY) during the fourth quarter. The firm increased its holdings by nearly half, reaching over two million shares. This adjustment placed Occidental Petroleum among Scharf’s top positions. According to filings with the SEC, the total valuation of these shares exceeded $121 million.

Other institutional firms also adjusted their positions in Occidental Petroleum. Fortitude Family Office LLC increased its stake by a substantial percentage during the third quarter. Mizuho Securities Co. Ltd. acquired a new position, further reflecting movement among institutional investors. Transamerica Financial Advisors Inc. and New Wave Wealth Advisors LLC also initiated holdings in the company.

Broader Institutional Activity

Beyond individual firms, hedge funds and other large-scale investors collectively hold a majority of Occidental Petroleum’s outstanding shares. Institutional ownership reached approximately 88.7%, underscoring the company’s presence within major investment portfolios. Westside Investment Management Inc. was among those increasing its stake in the latest quarter.

Occidental Petroleum’s Position in the Energy Sector

Occidental Petroleum operates as a significant entity in the oil and gas industry. The company is engaged in exploration, production, and chemical manufacturing, contributing to its role within the global energy market. Institutional transactions indicate ongoing engagement with the company amid sector-wide developments.

Market Presence and Investor Interest

Institutional investors continue to maintain significant exposure to Occidental Petroleum. Adjustments in holdings suggest a dynamic approach to positioning within the energy sector. The company remains a focal point for firms seeking exposure to oil and gas, with consistent activity observed among major stakeholders.

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