Occidental Petroleum Corporation (OXY) continues to be a strong presence among billionaire favorite oil and gas stocks. Regardless of a cut in stock holdings by Zurich Kantonalbank and others, there's anticipation of US oil output hitting a peak within the next five years. OXY shares have undergone fluctuations, notably a 358% gain if invested five years ago. A remarkable increase in Insider spending of at least $30 million is evident, with institutional investors taking positions. Q1 EPS forecast for Occidental Petroleum has been lowered by analysts, indicating somewhat mixed sentiment. Jim Cramer's view on OXY is 'extraordinary', while Barden Capital Management, Independent Advisor Alliance, and Swiss National Bank have reduced their holdings. The company is not only seeing strong cash flow but is also pioneering Net-Zero solutions. Comparisons indicate a bullish outlook, with Occidental Petroleum reportedly having the biggest upside potential among oil stocks and being a top trending stock. Raymond James downgraded OXY due to weaker oil outlook, and Occidental Petroleum is attracting investor attention with significant insider spending. Their weak point could be potentially your opportunity.
Occidental Petroleum Corporation OXY News Analytics from Thu, 05 Sep 2024 07:00:00 GMT to Sat, 15 Mar 2025 23:32:26 GMT -
Rating 6
- Innovation 0
- Information 8
- Rumor 3
