There have been significant developments and market reactions to recent activities from Occidental Petroleum Corporation (OXY). Prime Capital Investment Advisors, KLP Kapitalforvaltning, and Janney Montgomery Scott among others have reportedly reduced their positions in OXY. Meanwhile, Berkshire Hathaway, led by Warren Buffett, purchased OXY's OxyChem business for $9.7 billion, which is seen as a strategy by OXY to slash its debt. However, criticisms over the deal's timing and price have affected the stock's value. The stock seems to resonate with investors as various entities including Mirae Asset Global Investments, Capital Advisors, and Norden Group have increased their stakes in OXY. Shareholders are reassessing the valuation of OXY in light of the OxyChem sale and a few analysts have reconfirmed their ratings on the stock. OXY's plan to announce its Q3 2025 results have been noted by the market. The high debt level of the company has raised concerns, but endorsements like that of Buffett's is viewed as a positive. Despite some dips in the stock, there are signs of a potential rally.
Occidental Petroleum Corporation OXY News Analytics from Tue, 29 Apr 2025 07:00:00 GMT to Sat, 11 Oct 2025 07:55:37 GMT - Rating 5 - Innovation -4 - Information 8 - Rumor 4
