Occidental Petroleum Corporation has garnered significant investment influx with Nuveen LLC pledging approximately $99.85 million. Institutional shareholders have a 50% hold on the company's shares with notable stock acquisition from HighTower Advisors, Inspire Trust, and Callan Family Office among others. Simultaneously, sales of Occidental shares have also been reported by entities like Invesco and Gulf International Bank. Financial institutes like JP Morgan and Piper Sandler have raised the price target for Occidental indicating an anticipated increase in stock value. The corporation appears well-positioned for the carbon capture boom and continues to benefit from consistent growth in investments. However, analysts from Mizuho Securities maintain a neutral rating despite an increase in the price target. Q2 earnings report presented a mixed picture with the company surpassing earnings estimates but missing on revenues. The firm's recent financials have not significantly influenced its stock performance. News of an equity offering worth US$704 million shows the corporation's substantial fundraising abilities. On the downside, the oil and gas net sales showed a 12% decline quarter-over-quarter. The company also announced a quarterly dividend of $0.24 and expectations have emerged regarding possible acquisitions to create long-term value.
Occidental Petroleum Corporation OXY News Analytics from Mon, 07 Apr 2025 07:00:00 GMT to Sun, 17 Aug 2025 00:37:16 GMT -
Rating 5
- Innovation 3
- Information 6
- Rumor -2
