Occidental Petroleum Corporation (OXY) There's been increased
attention and
interest from the investment space regarding Occidental Petroleum Corporation. The company's stock has had a mix of under and outperformance compared to competitors during various intervals. OXY's price target has been reduced to $65.00. Intech Investment Management and Envestnet Portfolio Solutions noted major sell-offs from the petroleum company while the company's presence in the Permian Basin continues to prove beneficial. Despite occassional losses, OXY maintains its charm among institutional investors, with 53% of its ownership in their hands.
On the financial side, OXY saw a series of
earnings calls throughout Q1-Q4 of 2023 and 2024. There were instances of sound financials driving stock rallies, while at other times, analysts became more bearish.
Dividend payouts and strategic acquisitions stand among the highlights. The company's stocks experienced frequent fluctuations aligning with market trends. Occidental is even in speculation for possibly selling Western Midstream, estimated at $20bn. Adding to the excitement, Berkshire Hathaway has increased its stake in Occidental Petroleum to around 28%. However, the company is continually cautioned to control its debt and maintain a healthy balance sheet.
Occidental Petroleum Corporation OXY News Analytics from Thu, 16 Nov 2023 08:00:00 GMT to Sun, 26 May 2024 21:10:12 GMT -
Rating -1
- Innovation 3
- Information 7
- Rumor 5