Recent news about Occidental Petroleum Corporation (OXY) report varying trends. There has been some recent sell-off with South Street Advisors LLC and Corient Private Wealth LLC trimming their stock positions. Meanwhile, some companies like Advisors Asset Management Inc. and AlphaQuest LLC are increasing their holdings. A few analysts have lowered OXY's price target, including Citigroup that cut the target to $51.00. However, bullish stances are not lost; Warren Buffett notably earns substantial dividends from OXY. The company has also been highlighted as a favorite among billionaires and within hedge funds. Some consider OXY the best crude oil stock to buy right now and believe its fundamentals could be driving its uptrend. Forecasts mention potential net-zero solutions and strong cash flow. OXY expects U.S. oil output to peak in the next five years. Despite market declines, OXY advances, although it also experiences occasional stock price drops. Recently, options activity in the corporation has surged. Occidental Petroleum Corporation continues to work on improving its efficiency, striking deals and building momentum into 2025.
Occidental Petroleum Corporation OXY News Analytics from Mon, 30 Sep 2024 07:00:00 GMT to Sat, 22 Mar 2025 09:21:56 GMT -
Rating 1
- Innovation 1
- Information 2
- Rumor 0
