Occidental Petroleum (OXY) closed at $52.40 in the latest trading session, marking a +0.31% move from the prior day.
Occidental Petroleum's recent stock dip makes it a compelling "Buy", especially given robust earnings and strong operational performance despite market turbulence. The CrownRock acquisition is expected to enhance Occidental's portfolio, boosting FCF and market position in shale with significant cost savings anticipated. I think OXY is currently undervalued based on next-year PEG and EV/EBITDA ratios, presenting an attractive investment opportunity.
Occidental Petroleum (OXY) reachead $52.24 at the closing of the latest trading day, reflecting a +1.16% change compared to its last close.
One of Buffett's favorite stocks over the last two years is now trading at the lowest price since Buffett started piling into the position. Despite the pullback in price, Buffett's not adding any more to his position, as the company faces some financial challenges.
Occidental Petroleum's latest acquisition should hugely improve its financials. That should allow the company to boost its dividends further.
Warren Buffett's Berkshire Hathaway owns 255 million shares in the oil and gas company. Declining oil prices have weighed on companies in the sector over the last year.
Buffett initiated two new positions for Berkshire Hathaway in Q2 and added to its stake in five other stocks. Value investors might find several of these stocks attractive.
Occidental Petroleum (OXY) closed at $52.06 in the latest trading session, marking a +1.5% move from the prior day.
Zacks.com users have recently been watching Occidental (OXY) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
This is one stock Buffett simply cannot stop buying.
Occidental Petroleum is getting some funding to help accelerate the development of its next carbon capture facility. The company has already started building and commercializing its first facility.
Dividend stocks have been something of an unsung hero for Warren Buffett's company. Nearly 174 million shares of Bank of America stock have been sold by Buffett since July 17, which means it's no longer Berkshire Hathaway's top income-generating holding.