Occidental Petroleum
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
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 16 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
18% more repeat investments, than reductions
Existing positions increased: 465 | Existing positions reduced: 393
9% more funds holding in top 10
Funds holding in top 10: 23 [Q2] → 25 (+2) [Q3]
2% less funds holding
Funds holding: 1,196 [Q2] → 1,176 (-20) [Q3]
4.71% less ownership
Funds ownership: 81.81% [Q2] → 77.09% (-4.71%) [Q3]
13% less first-time investments, than exits
New positions opened: 134 | Existing positions closed: 154
19% less capital invested
Capital invested by funds: $45.7B [Q2] → $37.2B (-$8.54B) [Q3]
35% less call options, than puts
Call options by funds: $1.52B | Put options by funds: $2.34B
Research analyst outlook
16 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$51
8%
upside
Avg. target
$61
29%
upside
High target
$78
65%
upside
16 analyst ratings
4 positive
25%
11 neutral
69%
1 negative
6%
Piper Sandler Ryan Todd 17% 1-year accuracy 6 / 36 met price target | 8%upside $51 | Neutral Maintained | 19 Dec 2024 |
Mizuho Nitin Kumar 19% 1-year accuracy 15 / 79 met price target | 49%upside $70 | Neutral Maintained | 16 Dec 2024 |
UBS Josh Silverstein 11% 1-year accuracy 5 / 47 met price target | 8%upside $51 | Neutral Maintained | 9 Dec 2024 |
Wells Fargo Roger Read 23% 1-year accuracy 23 / 99 met price target | 12%upside $53 | Equal-Weight Maintained | 9 Dec 2024 |
Citigroup Scott Gruber 41% 1-year accuracy 27 / 66 met price target | 19%upside $56 | Neutral Maintained | 26 Nov 2024 |
Financial journalist opinion
Based on 33 articles about OXY published over the past 30 days
Positive
24/7 Wall Street
2 hours ago
2 Dividend Stocks You Can Buy Cheaper Than These Billionaires Did
One constant investors can count on is the reliability of dividend stocks to see them through periods of volatility.
Positive
24/7 Wall Street
21 hours ago
Warren Buffett Is Buying Again – But There's A Big Catch This Time
Long-time investors and Warren Buffett mavens are familiar with his quote, “His favorite holding for an S&P 500 stock is forever”, so it's not surprising to report that for all of the success and stature Berkshire Hathaway has in the investment world, 7 top companies make up almost 75% of the funds' total holdings.
Positive
Market Watch
21 hours ago
Warren Buffett ignores Wall Street, buys more stock in this oil-and-gas company
The Berkshire Hathaway CEO spent more than $400 million to buy Occidental Petroleum shares, which just hit a nearly three-year low amid fears that oil prices may keep falling.
Neutral
Investopedia
1 day ago
Buffett's Berkshire Adds to Holdings of Occidental Petroleum, SiriusXM
Shares of Occidental Petroleum (OXY) and SiriusXM Holdings (SIRI) advanced about 4.5% and 10%, respectively, on Friday after billionaire investor Warren Buffett's Berkshire Hathaway (BRK.A) added to its holdings of the stocks.
Positive
Finbold
1 day ago
Warren Buffett just loaded up on these 3 stocks
As one of the most successful investors of all time, every single move that Warren Buffett makes in the markets naturally attracts attention. The ‘Oracle of Omaha' has managed to outperform the markets on a consistent basis — and while that is a tall order, his approach is based on a surprisingly simple set of rules.
Positive
Schaeffers Research
1 day ago
Occidental Petroleum Stock Pops on Buffett Stake
Shares of Occidental Petroleum Corp (NYSE:OXY) are up 4.4% at $47.36 at last glance, after Warren Buffett's Berkshire Hathaway (BRK) bought an addition 8.9 million shares in the energy producer.
Neutral
Seeking Alpha
1 day ago
Occidental: Look To Buy Alongside Buffett
The energy sector has underperformed in the last 6-8 months, while the overall stock market has surged. Occidental Petroleum Corp. has dropped significantly as Warren Buffett stopped supporting the stock below $60. My investment thesis is now Neutral on Occidental Petroleum following its dip to $45.
Neutral
MarketBeat
1 day ago
Spot Market Trends With These 3 Must-Watch ETFs
Retail traders are constantly exposed to so many indicators that their screens often become convoluted with different studies and graphics, blurring out what is really happening. However, all indicators come from one single source: the price action of a stock or any other instrument, so understanding the source is key before anything else.
Negative
Seeking Alpha
1 day ago
Occidental Petroleum: Offsetting Near-Term Headwinds With Margin Optimization
In 3Q24, OXY posted another strong quarter, growing revenues by 0.21% q/q and 5.2% q/q. Operating margins improved from 53.72% to 57.01% due to reduction in well and drilling costs. OXY's initiatives in margin enhancement and balance sheet strengthening can provide significant value, potentially leading to increased dividends or share repurchases. Macroeconomic headwinds, such as depressed crude oil prices and China's economic struggles, pose short-term risks to OXY's performance.
Positive
CNBC
1 day ago
Warren Buffett's Berkshire Hathaway scoops up Occidental and other stocks during sell-off
Berkshire Hathaway bought over $560 million worth of stocks over the last three sessions.
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