70,000 Shares in Occidental Petroleum Corporation $OXY Acquired by MFF Capital Investments Ltd

Posted by Geri Gentry on Nov 11th, 2026

MFF Capital Investments Ltd acquired a new position in shares of Occidental Petroleum Corporation (NYSE:OXY – Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 70,000 shares of the oil and gas producer’s stock, valued at approximately $3,872,000. Occidental Petroleum makes up approximately 0.3% of MFF Capital Investments Ltd’s investment portfolio, making the stock its 21st largest holding.

Several other large investors also recently added to or reduced their stakes in the company. Montaka Global Pty Ltd acquired a new position in Occidental Petroleum in the third quarter worth approximately $4,945,000. Lido Advisors LLC raised its position in Occidental Petroleum by 13.0% during the third quarter. Lido Advisors LLC now owns 94,471 shares of the oil and gas producer’s stock valued at $5,226,000 after acquiring an additional 10,887 shares in the last quarter. New York Life Investment Management LLC raised its position in Occidental Petroleum by 0.3% during the third quarter. New York Life Investment Management LLC now owns 101,504 shares of the oil and gas producer’s stock valued at $5,615,000 after acquiring an additional 330 shares in the last quarter. Retirement Systems of Alabama lifted its stake in Occidental Petroleum by 0.3% in the third quarter. Retirement Systems of Alabama now owns 153,031 shares of the oil and gas producer’s stock valued at $8,466,000 after acquiring an additional 497 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in Occidental Petroleum by 9.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 35,260 shares of the oil and gas producer’s stock valued at $2,039,000 after acquiring an additional 3,006 shares during the last quarter. 88.70% of the stock is owned by institutional investors and hedge funds.

Occidental Petroleum News Summary

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

Positive Sentiment: OXY earned $1.91 per share, beating analyst estimates of $1.46, while revenue increased 20.6% year over year to $6.77 billion. The profit beat was supported by operational strength and production that held up despite lower crude prices. Reuters report
Positive Sentiment: Occidental reported $4.1 billion in third-quarter cash flow and reduced debt to $10 billion. Continued debt paydown could strengthen the balance sheet and improve financial flexibility. Debt and cash flow report
Positive Sentiment: Long-term agreements will secure third-party-captured CO₂ for enhanced oil recovery in the Permian. The developers will fund and build the capture and delivery infrastructure, supporting Occidental’s operations without requiring it to build those facilities itself. CO₂ agreements announcement
Negative Sentiment: Revenue of $6.77 billion was slightly below the $6.82 billion estimate cited in one report, and weaker crude prices remain a headwind. These factors temper the otherwise strong earnings result. Q3 revenue report

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Weiss Ratings upgraded shares of Occidental Petroleum from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, October 13th. Barclays reduced their price objective on shares of Occidental Petroleum from $75.00 to $71.00 and set an “overweight” rating for the company in a research note on Monday, August 17th. Morgan Stanley upped their price objective on shares of Occidental Petroleum from $69.00 to $71.00 and gave the stock an “equal weight” rating in a report on Thursday, October 15th. Roth Capital raised shares of Occidental Petroleum from a “neutral” rating to a “buy” rating and set a $70.00 target price on the stock in a research report on Friday, October 16th. Finally, Citigroup cut their target price on Occidental Petroleum from $62.00 to $60.00 and set a “neutral” rating on the stock in a report on Friday, July 17th. Twelve analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $67.88.

Get Our Latest Report on Occidental Petroleum

Occidental Petroleum Stock Up 1.9%

Occidental Petroleum stock opened at $56.80 on Wednesday. The firm has a market cap of $56.77 billion, a price-to-earnings ratio of 7.65, a P/E/G ratio of 0.64 and a beta of 0.16. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.41 and a quick ratio of 1.13. Occidental Petroleum Corporation has a fifty-two week low of $38.80 and a fifty-two week high of $67.45. The firm has a fifty day moving average price of $59.91 and a two-hundred day moving average price of $56.42.

Occidental Petroleum (NYSE:OXY – Get Free Report) last issued its quarterly earnings results on Monday, November 9th. The oil and gas producer reported $1.91 EPS for the quarter, topping the consensus estimate of $1.46 by $0.45. The company had revenue of $6.77 billion for the quarter, compared to the consensus estimate of $6.82 billion. Occidental Petroleum had a return on equity of 19.19% and a net margin of 32.17%. The company’s revenue for the quarter was up 20.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.64 EPS. As a group, analysts forecast that Occidental Petroleum Corporation will post 6.83 earnings per share for the current year.

Occidental Petroleum Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 15th. Stockholders of record on Thursday, December 10th will be given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Thursday, December 10th. Occidental Petroleum’s payout ratio is 17.34%.

Occidental Petroleum Profile

(Free Report)

Occidental Petroleum Corporation is an energy and chemicals company headquartered in Houston, Texas. Its oil and gas business explores for and produces crude oil, natural gas liquids and natural gas, with operations in the United States and international markets, including the Middle East and North Africa. Through its OxyChem business, Occidental manufactures and markets basic chemicals and vinyl products used in applications such as water treatment, construction and consumer goods. The company also develops carbon management and lower-carbon technology projects, including carbon capture and storage.