Occidental Petroleum Corporation (OXY) has been drawing significant attention from a diversity of shareholders. Among institutional investors, multiple firms have been increasing their stake including
Credit Agricole,
Northern Trust Corp,
Aberdeen Group and
Dimensional Fund Advisors. Conversely, some entities like
American Century Companies Inc. and
National Pension Service have significantly sold their shares, suggesting a mixed view. Analysts' consensus recommendation lies on "
Hold," casting some uncertainty. The company experienced some downgrades, however, increased
production guidance could act as a game changer for Occidental. OXY's financial health was speculated to potentially influence its stock's recent performance. While there were concerns regarding Occidental's Q2 earnings, the results surpassed expectations while the revenues missed estimates. Notably, Occidental announced a
US$704 million equity offering and revealed that its Q2 production was hit by curtailments in the U.S. Gulf. Lastly, despite being viewed as one of the top commodity producers and having potential for high upside returns, Occidental's stock more recently suffered a larger drop than the general market.
Occidental Petroleum Corporation OXY News Analytics from Sun, 16 Feb 2025 08:00:00 GMT to Sat, 23 Aug 2025 19:33:49 GMT -
Rating 0
- Innovation -1
- Information 5
- Rumor -2
