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Occidental Petroleum
OXY

$60.41
1.32%

Market Cap: 53.6B

 

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 6,702 funds
0
Analysts bullish %
of 21 analysts
0
News positive %
of 45 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

25% more funds holding in top 10

Funds holding in top 10: 24 [Q4 2023] → 30 (+6) [Q1 2024]

11% more capital invested

Capital invested by funds: $41.5B [Q4 2023] → $46.3B (+$4.75B) [Q1 2024]

1.72% more ownership

Funds ownership: 79.24% [Q4 2023] → 80.96% (+1.72%) [Q1 2024]

5% more repeat investments, than reductions

Existing positions increased: 431 | Existing positions reduced: 409

5% more first-time investments, than exits

New positions opened: 138 | Existing positions closed: 131

1% more funds holding

Funds holding: 1,189 [Q4 2023] → 1,196 (+7) [Q1 2024]

28% less call options, than puts

Call options by funds: $2.45B | Put options by funds: $3.39B

Research analyst outlook

21 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$62
3%
upside
Avg. target
$73
20%
upside
High target
$90
49%
upside

21 analyst ratings

positive
38%
13 neutral
62%
negative
0%
Truist Securities
Neal Dingmann
11%upside
$67
Hold
Maintained
22 Jul 2024
Stephens & Co.
Mike Scialla
27%upside
$77
Overweight
Maintained
15 Jul 2024
Scotiabank
Paul Cheng
32%upside
$80
Sector Outperform
Maintained
12 Jul 2024
Wells Fargo
Roger Read
13%upside
$68
Equal-Weight
Maintained
12 Jul 2024
Wells Fargo
Roger Read
14%upside
$69
Equal-Weight
Maintained
21 Jun 2024

Financial journalist opinion

Based on 45 articles about OXY published over the past 30 days