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Stocks give back gainsRising oil, mixed stocksTSX climbs, Wall Street fades on inflationThis summary was created by AI, based on 3 opinions in the last 12 months.
Experts have varying opinions on Occidental Petroleum Corp (OXY-N). One expert believes it is undervalued and a good investment opportunity, especially with its correlation to crude oil prices and its attractive dividend. Another expert sees potential in the company given Berkshire's large ownership stake, but warns about the challenges posed by the oversupply of crude oil. Overall, there is cautious optimism about OXY-N's prospects in the energy sector.
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.
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.
Is shocked this hasn't move up more after Buffett added more shares and the war in the Middle East.
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.
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.
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.
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
In the last year, 1 stock analyst published opinions about OXY-N. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Occidental Petroleum Corp.
Occidental Petroleum Corp was recommended as a Top Pick by on . Read the latest stock experts ratings for Occidental Petroleum Corp.
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.
1 stock analyst on Stockchase covered Occidental Petroleum Corp In the last year. It is a trending stock that is worth watching.
On 2024-12-11, Occidental Petroleum Corp (OXY-N) stock closed at a price of $48.47.
It is very cheap. It tracks the price of crude pretty well and is still trading below when crude was at its lows a couple of years ago. He think oil is going to $85. It is an undervalued oil trade so he would consider options. Pays a nice dividend. Buy 8 Hold 19 Sell 1
(Analysts’ price target is $67.69)