NYSE:OXY

61.21
1.92 (3.04%) 1d
0

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Investor Insights

This summary was created by AI, based on 6 opinions in the last 12 months.

Expert reviews on Occidental Petroleum Corp (OXY-N) suggest that Berkshire's large position and acquisition of Crownrock are positive factors for the company. However, the consensus is that the energy sector is facing challenges due to the supply of crude oil overwhelming demand. Despite the positive indicators, there is a divergence between the spot price of oil and oil stocks, causing uncertainty in the market. Overall, the stock seems to be holding steady with potential for momentum to turn in the future.

Consensus
Hold
Valuation
Fair Value
COMMENT

Berkshire just added to their large position, now 28%. This is a make or break quarter for energy. There's a divergence between the spot price of oil and oil stocks. Stop looking at that price which had gone nowhere in over 2 years.

integrated oils
BUY

With a strong balance sheet and earnings growth, OCY bought Crownrock. However, this won't make a difference in the face of supply of crude oil overwhelming demand. Yes, Berkshire's ownership is like a stamp of approval and is a big reason to own Oxy.

integrated oils
DON'T BUY

Is shocked this hasn't move up more after Buffett added more shares and the war in the Middle East.

integrated oils
TRADE

He bought this late. Bought it because one of the greatest investors, Buffett, in the world bought it. Energy is a tough sector; expects the momentum will eventually turn and oil falls to the $80s.

integrated oils
HOLD

Investors think the oil market is still in 2022. It's not. Would sell energy, though still holds this. Is nothing more than a hold.

integrated oils
BUY
BRK.A boosting its stake.

Likes it. Encouraging. Warren Buffett, one of the shrewdest, most patient investors of all time, is stepping up in the face of widespread negative sentiment. The most uncomfortable buys are usually the best ones. Don't chase the herd and buy NVDA. Be patient and tune out the noise.

integrated oils
COMMENT
Top stock on the S&P in 2022, up 115%. The heavy short action has unwound a lot. Energy is the top performer by far--even beyond crude oil prices--in 2022. Looking ahead: these companies will focus on improving debt and serving shareholders.
integrated oils
BUY
Things were dicey for them in 2019 when they borrowed a lot of money to buy a company, then crude oil plummeted in April 2020 and so did OXY. But OXY is incredibly sensitive to oil prices, falling further when crude oil falls, but rallying higher when crude rises. Therefore, it's gone from fighting for survival to printing money. Who knows? Maybe Berkshire Hathaway will buy all of OXY, since BH keeps buying more shares of it. OXY is still good if crude oil holds at this price.
integrated oils
HOLD
Would not buy shares now (large upside has already occurred). Warren Buffett likes cash flow which company is excellent at producing. Not as much upside for company.
integrated oils
BUY
She has been adding to energy on this pullback. Oil companies can make money at $40-50 oil/barrel. Oil stocks remain cheap and earnings went up for the group. It's her favourite sector.
integrated oils
COMMENT
options It was trading just beneath $63. A big buyer added 5,000 of the June 67.50 calls were bought for for $3.25 and selling an upside call against it.
integrated oils
DON'T BUY
There is too much leverage now. There is a solid underpinning of supply of fossil fuels so if the industry does well OXY does well, but if the industry does poorly then OXY does poorly because of the balance sheet.
integrated oils
DON'T BUY
It is like the global oil sector as a whole -- they got pummeled when oil prices when low. Unless someone thinks oil prices will go up on a sustainable basis from here, this is not an attractive sector.
integrated oils
WEAK BUY
Entire sector is a buy. Management has made questionable decisions. COP looks better to him. We have fantastic companies such as SU and TOU in Canada, so you don't need to go to the US.
integrated oils
BUY
They report Monday and he expects good numbers based on other oil companies' stellar reports and the high price of crude.
integrated oils
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Occidental Petroleum Corp(OXY-N) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 1

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 2

Stockchase rating for Occidental Petroleum Corp is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Occidental Petroleum Corp(OXY-N) Frequently Asked Questions

What is Occidental Petroleum Corp stock symbol?

Occidental Petroleum Corp is a American stock, trading under the symbol OXY-N on the New York Stock Exchange (OXY). It is usually referred to as NYSE:OXY or OXY-N

Is Occidental Petroleum Corp a buy or a sell?

In the last year, 2 stock analysts published opinions about OXY-N. 1 analyst recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Occidental Petroleum Corp.

Is Occidental Petroleum Corp a good investment or a top pick?

Occidental Petroleum Corp was recommended as a Top Pick by on . Read the latest stock experts ratings for Occidental Petroleum Corp.

Why is Occidental Petroleum Corp stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Occidental Petroleum Corp worth watching?

2 stock analysts on Stockchase covered Occidental Petroleum Corp In the last year. It is a trending stock that is worth watching.

What is Occidental Petroleum Corp stock price?

On 2024-07-22, Occidental Petroleum Corp (OXY-N) stock closed at a price of $61.21.