Looking At Occidental Petroleum's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Occidental Petroleum (NYSE:OXY), with 72% of recent trades being bearish. The price target for the company over the last three months has been between $50.0 and $77.5. The price of OXY is currently down -0.68% at $63.47. Analysts from Raymond James, Truist Securities, Morgan Stanley, Stephens & Co., and Citigroup have maintained their ratings on the company, with price targets ranging from $60 to $80.
August 08, 2023 | 4:30 pm
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NEGATIVE IMPACT
Bearish stance taken by a significant investor on Occidental Petroleum. Analysts maintain their ratings with price targets between $60 and $80.
The bearish stance taken by a significant investor, along with the current price of OXY being down, could potentially lead to a decrease in the stock price in the short term. However, the maintained ratings by analysts could provide some stability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100