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 6,823 funds
0
Analysts bullish %
of 10 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]
4% less first-time investments, than exits
New positions opened: 135 | Existing positions closed: 140
2% less funds holding
Funds holding: 1,196 [Q2] → 1,177 (-19) [Q3]
4.75% less ownership
Funds ownership: 82.21% [Q2] → 77.46% (-4.75%) [Q3]
19% less capital invested
Capital invested by funds: $45.9B [Q2] → $37.3B (-$8.59B) [Q3]
35% less call options, than puts
Call options by funds: $1.56B | Put options by funds: $2.38B
Research analyst outlook
10 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$51
2%
downside
Avg. target
$61
17%
upside
High target
$78
50%
upside
10 analyst ratings
3 positive
30%
7 neutral
70%
0 negative
0%
Truist Securities Neal Dingmann 63% 1-year accuracy 100 / 159 met price target | 12%upside $58 | Hold Maintained | 13 Jan 2025 |
Piper Sandler Ryan Todd 31% 1-year accuracy 11 / 36 met price target | 2%downside $51 | Neutral Maintained | 19 Dec 2024 |
Mizuho Nitin Kumar 56% 1-year accuracy 41 / 73 met price target | 35%upside $70 | Neutral Maintained | 16 Dec 2024 |
UBS Josh Silverstein 60% 1-year accuracy 28 / 47 met price target | 2%downside $51 | Neutral Maintained | 9 Dec 2024 |
Wells Fargo Roger Read 40% 1-year accuracy 42 / 104 met price target | 2%upside $53 | Equal-Weight Maintained | 9 Dec 2024 |
Financial journalist opinion
Based on 57 articles about OXY published over the past 30 days
Positive
24/7 Wall Street
5 hours ago
Famous Billionaire Is Selling This AI Stock and Buying Another Stock that May Soar Up to 30.06%, According to Certain Wall Street Experts
Warren Buffett is among the greatest investors of all time, and his Berkshire Hathaway (NYSE:BRK.B) is among the most notable portfolio companies in the market.
Positive
24/7 Wall Street
5 hours ago
Play the “Trump Bump” With These 3 Stocks
Inauguration Day is now upon us, and with a new administration taking hold, investors are placing their bets on where they see the overall market (and specific stocks and sectors) headed over the next four years.
Positive
The Motley Fool
2 days ago
Is Warren Buffett's Recent $610 Million Move a Positive Sign for Investors in 2025?
Investors often turn to Warren Buffett for advice for one good reason: He's proven his ability to navigate any investing waters -- from moments of euphoria to the doldrums -- and win over time. Buffett doesn't rush to buy the hottest stocks as markets soar and doesn't panic-sell during difficult periods.
Neutral
Zacks Investment Research
3 days ago
Occidental Trading Above 50-Day SMA: Is the Stock Worth Buying?
OXY is exposed to commodity price fluctuation, but investors can remain invested, given its strong Permian Basin and contribution from acquired assets.
Positive
Finbold
3 days ago
Monster insider trade alert by Warren Buffett
Though Warren Buffett is known as a highly successful ‘get rich slow' investor, he has, nonetheless, made multiple trades that are exceptionally well timed and appreciated swiftly.
Neutral
CNBC Television
3 days ago
Final Trade: GOOGLE, OXY & UBER
The final trades of the day with CNBC's Melissa Lee and the Fast Money traders.
Positive
Zacks Investment Research
4 days ago
4 Must-Watch Energy Stocks From the Prospering Integrated US Industry
Integrated players' midstream operations remain robust due to steady fee-based revenues derived from pipeline assets, improving the prospects for the Zacks Oil & Gas US Integrated industry. ConocoPhillips (COP), Occidental (OXY) Cactus (WHD) & Berry (BRY) are likely to gain.
Positive
Seeking Alpha
4 days ago
Occidental Petroleum: New Sanctions To Boost Oil Markets In 2025
Occidental is conservatively valued, trading below historical multiples, and could outperform in 2025 if new sanctions effectively reduce excess oil supply. Stricter sanctions on Russian and Iranian oil are expected to firm up oil prices, benefiting Occidental and its peers. Occidental's extensive Delaware acreage and low-cost reserve replacement position it well for long-term growth and reduced operational risks.
Neutral
Zacks Investment Research
4 days ago
Occidental Petroleum (OXY) Rises But Trails Market: What Investors Should Know
Occidental Petroleum (OXY) closed at $52.70 in the latest trading session, marking a +1.19% move from the prior day.
Negative
The Motley Fool
5 days ago
Why Occidental Petroleum Stock Slumped 17% in 2024 but Could Rally in 2025
2024 was a bummer year for Occidental Petroleum (OXY 1.13%) -- the oil and gas stock lost 17.3% value in the year, according to data provided by S&P Global Market Intelligence. Occidental was, in fact, one of the worst-performing large-cap energy stocks of 2024, significantly lagging the S&P 500 index, which gained 23% in the year.
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