Occidental Petroleum

Berkshire Hathaway has maintained its large position in Occidental Petroleum, a stock Warren Buffett first bought in 2019 and aggressively re-accumulated in 2022. Buffett praised Occidental's management and viewed the investment as a long-term oil bet; Berkshire has not trimmed the stake even after his exit. Occidental has since taken on $12 billion of debt for the CrownRock acquisition, sold OxyChem to Berkshire for $9.7 billion, appointed a new CEO in June and now trades at about 17 times free cash flow with a roughly 6% free-cash-flow yield. » Mere på finance.yahoo.com

The Occidental Petroleum share fell about 3.8% in pre-market trading after a de-escalation between USA and Iran pushed crude oil prices down sharply and reduced the geopolitical risk premium. Occidental has only limited hedges (costless collar for 100,000 barrels/day until December 2026), so falling oil prices hit cash flows hard. Several analysts had already cut price targets; Q2 results are expected on August 5, and the decline is mainly commodity-driven rather than market-wide. » Mere på de.investing.com

Occidental Petroleum shares have risen sharply year to date amid an 88 'very bullish' Reddit sentiment largely traced to a single viral call-option post predicting $150 oil. The company's reported Q1 beat, reduced principal debt after the OxyChem sale to Berkshire Hathaway and a higher dividend support the retail case, but sell-side analysts have trimmed price targets and rate the stock neutral. Insider selling by former CEO Vicki Hollub and Chevron's steadier Permian play with a higher yield underscore Wall Street's more cautious stance. » Mere på finance.yahoo.com

Occidental Petroleum shares rose about 2.9% premarket after Evercore ISI twice upgraded the stock from "Underperform" to "Outperform" and raised its price target from $58 to $65. Evercore cited a stronger balance sheet, improved capital efficiency and forecasts roughly 8% annual growth in free cash flow per share. Additional support came from geopolitical tensions that pushed oil prices higher and favored upstream producers like Occidental. The stock's strength was driven by company-specific factors, while U.S. futures were generally weaker. » Mere på de.investing.com

Occidental Petroleum is among the top integrated oil and gas picks for hedge funds after receiving approval to take a 10% stake alongside ExxonMobil in Trinidad and Tobago’s ultra-deepwater Block TTUD-1. Mizuho raised its price target on Occidental to $75 and lifted its oil and U.S. refining crack forecasts, citing sustained upside from the Iran-driven oil market tightness. The company continues exploration, production and midstream operations and may benefit from higher commodity prices and favorable refining margins. » Mere på finance.yahoo.com