This Is What Whales Are Betting On Occidental Petroleum
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Occidental Petroleum (NYSE:OXY) by a large investor, with 75% of big-money traders being bearish. The price range targeted by these investors for Occidental Petroleum over the last 3 months is $57.5 to $72.5. The current price of OXY is down -1.08% at $61.56. Susquehanna, Stephens & Co., and UBS have maintained their ratings on Occidental Petroleum with price targets of $78, $74, and $74 respectively.
October 30, 2023 | 3:45 pm
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NEGATIVE IMPACT
A large investor has taken a bearish stance on Occidental Petroleum, with the majority of big-money traders also being bearish. The stock's current price is down, but analysts have maintained their ratings with price targets above the current price.
The bearish stance taken by a large investor and the majority of big-money traders indicates a potential decrease in the stock's price. However, the maintained ratings and price targets from analysts suggest that the stock may still have potential for growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100