Occidental Petroleum Corporation (OXY) has been under significant action among multiple investment entities. The Canada Pension Plan Investment Board purchased a massive 701,846 shares while firms like Cove Street Capital and Manufacturers Life Insurance Company scaled down their positions. Anticipation for OXY's upcoming US$0.24 dividend adds to the interest of investors on the company. Moreover, a variety of entities such as Banque Transatlantique, H&H International Investment, and Ieq Capital have either initiated or expanded their stakes in OXY. A rating upgrade suggests that the company may have overcome its bottom-line challenges. However, the company is also attracting attention due to it being controlled by institutional shareholders who own 50% of the company and its substantial debt burden. Positive estimates for Q3 earnings and acquisition of new shares by major firms like Northern Trust Corp,Zacks Research, and AlphaQuest indicate possible growth. Still, with a mixed outlook, investors are advised to research thoroughly before betting.
