Occidental Petroleum Surges to 117th in Trading Volume Despite 11.01% Stock Decline

On April 3, 2025, Occidental Petroleum (OXY) experienced a significant trading volume of $1.12 billion, marking a 266.94% increase from the previous day. This surge placed OXY at the 117th position in terms of trading volume for the day. However, despite the high trading volume, the stock price of Occidental Petroleum declined by 11.01%.

Analysts at Stephens have revised their price target for Occidental Petroleum, lowering it from $71 to $60. This adjustment reflects a more cautious outlook on the company's future performance, potentially influencing investor sentiment and contributing to the stock's recent decline.

Occidental Petroleum is known for its dividend payments, offering a dividend yield of 1.9% with a payout of $0.96 per share. The company pays dividends on a quarterly basis, with ex-dividend dates in January, April, July, and October. This consistent dividend policy may provide some stability for investors, despite the recent price fluctuations.