Anson Funds Management LP Invests $4.73 Million in Occidental Petroleum Corporation $OXY

Key Points

• Anson Funds bought a new position of 100,000 shares in Occidental Petroleum (OXY), valued at about $4.73 million, joining other large institutional buyers (institutional ownership ~88.7%).
• Occidental reported EPS of $0.31 beating estimates but revenue missed and was down 5.2% YoY, and the company raised its quarterly dividend to $0.26 (annualized $1.04, yield 1.8%); meanwhile OXY has rallied roughly 40% YTD

Anson Funds Management LP bought a new position in Occidental Petroleum Corporation (NYSE:OXY - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 100,000 shares of the oil and gas producer's stock, valued at approximately $4,725,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Alliancebernstein L.P. lifted its holdings in Occidental Petroleum by 2.2% in the 3rd quarter. Alliancebernstein L.P. now owns 901,029 shares of the oil and gas producer's stock worth $42,574,000 after buying an additional 19,520 shares during the period. Schonfeld Strategic Advisors LLC increased its stake in shares of Occidental Petroleum by 173.0% during the third quarter. Schonfeld Strategic Advisors LLC now owns 70,570 shares of the oil and gas producer's stock valued at $3,334,000 after buying an additional 167,270 shares during the period. AQR Capital Management LLC raised its holdings in shares of Occidental Petroleum by 134.3% during the third quarter. AQR Capital Management LLC now owns 1,815,821 shares of the oil and gas producer's stock valued at $85,798,000 after acquiring an additional 1,040,941 shares in the last quarter. Credit Agricole S A purchased a new stake in Occidental Petroleum in the third quarter worth $5,506,000. Finally, Amundi lifted its stake in Occidental Petroleum by 7.2% in the third quarter. Amundi now owns 2,863,995 shares of the oil and gas producer's stock worth $130,025,000 after acquiring an additional 191,947 shares during the period. Institutional investors own 88.70% of the company's stock.

Occidental Petroleum Stock Down 0.9%

NYSE:OXY opened at $57.91 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.94 and a quick ratio of 0.74. The firm's 50-day moving average price is $47.53 and its 200-day moving average price is $44.62. The company has a market capitalization of $57.11 billion, a PE ratio of 35.97 and a beta of 0.34. Occidental Petroleum Corporation has a 1-year low of $34.78 and a 1-year high of $59.15.

Occidental Petroleum (NYSE:OXY - Get Free Report) last issued its quarterly earnings results on Wednesday, February 18th. The oil and gas producer reported $0.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.18 by $0.13. The company had revenue of $5.11 billion during the quarter, compared to analysts' expectations of $6.02 billion. Occidental Petroleum had a net margin of 9.14% and a return on equity of 9.89%. Occidental Petroleum's revenue was down 5.2% on a year-over-year basis. During the same period last year, the company posted $0.80 EPS. On average, equities analysts predict that Occidental Petroleum Corporation will post 3.58 EPS for the current fiscal year.

Occidental Petroleum Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 10th will be issued a dividend of $0.26 per share. The ex-dividend date is Tuesday, March 10th. This is a positive change from Occidental Petroleum's previous quarterly dividend of $0.24. This represents a $1.04 annualized dividend and a dividend yield of 1.8%. Occidental Petroleum's dividend payout ratio (DPR) is 64.60%.

Occidental Petroleum News Summary

Here are the key news stories impacting Occidental Petroleum this week:

• Positive Sentiment: Piper Sandler upgraded OXY to Overweight and raised its price target to $66, signaling stronger analyst conviction and providing tangible upside from current levels. Positive Report for Occidental Petroleum (OXY) from Piper Sandler
• Positive Sentiment: Coverage and headlines explain a roughly 40% move in OXY YTD — driven by oil‑price strength, Permian operational outperformance and visible debt reduction — reinforcing the narrative that fundamentals, not just momentum, are supporting the rally. What's Behind The 40% Rise In OXY Stock?
• Positive Sentiment: Zacks notes OXY outperformed the energy group (≈+27% in a month) and cites rising oil, Permian strength and debt paydown as drivers — a bullish confirmation for investors focused on fundamentals and cash‑flow improvement. OXY Outperforms Industry in Past Month: Buy, Hold or Sell the Stock?
• Positive Sentiment: Intraday price jumps and above‑average volume coincided with upward earnings‑estimate revisions, suggesting analysts are beginning to bake in more upside for OXY. Occidental (OXY) Soars 5.1%: Is Further Upside Left in the Stock?
• Positive Sentiment: Broker activity also includes a Wells Fargo upgrade on the company’s equity warrant vehicle (OXY.WS), a signal that some desks see additional value in Occidental‑linked securities. Wells Fargo upgrades Occidental Petroleum Corporation - Equity Warrant (OXY.WS)
• Neutral Sentiment: Sector momentum from rising oil and Middle East supply‑concern headlines (tanker attacks, Strait of Hormuz rhetoric) is lifting energy peers broadly, which benefits OXY but also adds geopolitical volatility risk. Occidental Petroleum Stock Surges Thursday: What's Driving The Action?
• Neutral Sentiment: Goldman assigned a $54 price target (and other outlets list varying targets), showing analyst views still diverge on fair value — useful context for investors deciding entry points or profit‑taking. Occidental Petroleum NYSE: OXY Given New $54.00 Price Target at The Goldman Sachs Group
• Neutral Sentiment: Occidental disclosed a $1.20B debt tender and covenant changes; this touches capital structure and may reduce near‑term leverage risks but invites scrutiny over terms and longer‑run funding flexibility. Should Occidental’s US$1.20 Billion Debt Tender and Covenant Changes Require Action From OXY Investors?
• Negative Sentiment: Some analysts and commentaries warn the oil‑led rally may be overextended and that easy gains could be behind the stock, implying higher near‑term downside risk if oil or macro sentiment reverses. Occidental Petroleum: Oil Rally Overly Done - Easy Gains Behind Us

Insider Activity at Occidental Petroleum

In related news, Director William R. Klesse purchased 5,000 shares of the company's stock in a transaction dated Tuesday, December 16th. The shares were purchased at an average cost of $38.98 per share, with a total value of $194,900.00. Following the transaction, the director directly owned 218,913 shares in the company, valued at $8,533,228.74. This trade represents a 2.34% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.31% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on OXY shares. HSBC boosted their price objective on shares of Occidental Petroleum from $54.00 to $59.00 and gave the company a "buy" rating in a research report on Friday, February 20th. BMO Capital Markets lifted their target price on shares of Occidental Petroleum from $48.00 to $60.00 and gave the company a "market perform" rating in a research note on Monday, February 23rd. UBS Group boosted their price target on shares of Occidental Petroleum from $49.00 to $55.00 and gave the company a "neutral" rating in a research report on Thursday, March 5th. JPMorgan Chase & Co. raised their price objective on shares of Occidental Petroleum from $42.00 to $49.00 and gave the stock an "underweight" rating in a report on Friday, February 20th. Finally, Roth Mkm lifted their price objective on Occidental Petroleum from $39.00 to $45.00 and gave the company a "neutral" rating in a research report on Friday, February 20th. Nine research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat, Occidental Petroleum presently has an average rating of "Hold" and an average target price of $53.48.

Occidental Petroleum Profile

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.

Want to see what other hedge funds are holding OXY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Occidental Petroleum Corporation (NYSE:OXY - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.