Occidental Petroleum Corporation (OXY) is currently attracting significant investor attention, noteworthy amidst the shares dropping by 0.6%. Despite this, there are claims of over-impudence from Goldman Sachs, as many investors still view OXY favorably. OXY's engagement with
Ecopetrol also continues to stimulate interest, focusing on developmental expansion in the Permian Basin. This comes alongside the company's plans to divest approximately $1B in D-J Basin Minerals. The market, however, has reacted unfavorably to OXY's earnings decline, causing the stock to regress by 6.4% this week. Despite this, various institutional asset management groups, including
Verity Asset Management Inc. and
Robeco Institutional Asset Management B.V., continue to invest in OXY. With the company's commitment to pioneering net-zero solutions and maintaining strong cash flow, many are bullish on its potential, amidst recent stock price discrepancies. Yet, a recent 4.6% drop adds to yearly losses, highlighting concerns amongst institutional investors. Nonetheless, analysts argue that Occidental Petroleum Corporation's intrinsic value is potentially 47% above its share price. The company now remains under watch, with some considering it among the most undervalued in the market due to its potential upside.
Occidental Petroleum Corporation OXY News Analytics from Thu, 05 Sep 2024 07:00:00 GMT to Sat, 08 Feb 2025 14:22:49 GMT -
Innovation -3
- Information 7
- Rumor -6
