Occidental PetroleumOXY
Market Cap: $47.7B
About: Occidental Petroleum is an independent exploration and production company with operations in the United States, Latin America, and the Middle East. At the end of 2023, the company reported net proved reserves of nearly 4 billion barrels of oil equivalent. Net production averaged 1,234 thousand barrels of oil equivalent per day in 2023 at a ratio of roughly 50% oil and natural gas liquids and 50% natural gas.
Employees: 12,570
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
19% more repeat investments, than reductions
Existing positions increased: 474 | Existing positions reduced: 398
4% less capital invested
Capital invested by funds: $47B [Q1] → $45B (-$1.96B) [Q2]
1.65% less ownership
Funds ownership: 82.19% [Q1] → 80.55% (-1.65%) [Q2]
3% less funds holding
Funds holding: 1,214 [Q1] → 1,183 (-31) [Q2]
22% less first-time investments, than exits
New positions opened: 109 | Existing positions closed: 140
23% less funds holding in top 10
Funds holding in top 10: 30 [Q1] → 23 (-7) [Q2]
32% less call options, than puts
Call options by funds: $1.86B | Put options by funds: $2.76B
Research analyst outlook
10 Wall Street Analysts provided 1 year price targets over the past 3 months
10 analyst ratings
Susquehanna Biju Perincheril 44% 1-year accuracy 33 / 75 met price target | 50%upside $78 | Positive Maintained | 4 Sept 2024 |
UBS Josh Silverstein 22% 1-year accuracy 8 / 37 met price target | 35%upside $70 | Neutral Maintained | 20 Aug 2024 |
Truist Securities Neal Dingmann 31% 1-year accuracy 40 / 131 met price target | 25%upside $65 | Hold Maintained | 12 Aug 2024 |
Wells Fargo Roger Read 29% 1-year accuracy 22 / 76 met price target | 25%upside $65 | Equal-Weight Maintained | 9 Aug 2024 |
Stephens & Co. Mike Scialla 24% 1-year accuracy 5 / 21 met price target | 46%upside $76 | Overweight Reiterated | 8 Aug 2024 |
Financial journalist opinion
Based on 31 articles about OXY published over the past 30 days