Don't Follow Buffet's Move on Occidental Petroleum: Here's Why
Today’s Buffet -driven rally has Occidental Petroleum shares trading at $47.50. The stock’s 50- and 200-day moving averages are overhead in a bearish pattern. This suggests that OXY is likely to shake-off this one-day price pop and maintain its move lower.
Occidental Petroleum Stock Pops on Buffett Stake
Shares of Occidental Petroleum Corp (NYSE:OXY) are up 4.4% at $47.36 at last glance, after Warren Buffett's Berkshire Hathaway (BRK) bought an addition 8.9 million shares in the energy producer. This is just one of the conglomerate's moves to buy stocks on the dip after the recent selloff, and Occidental is Berkshire's sixth-largest equity holding.
Billionaire Warren Buffett just poured more than half a billion dollars into three assets. After dumping huge positions in ...
Occidental Petroleum’s Q3 performance was strong, but risks remain. Learn why OXY stock has long-term potential with margin ...
Occidental Petroleum stock is trading higher on Friday after Berkshire Hathaway increased its stake in the company.
What’s Behind OXY’s Surge? Occidental Petroleum (OXY) is one of the top trending stocks of the day, with shares surging +4.92%, or $2.23, to $47.59 in the Friday trading session at 11:28 AM EST. As of ...
Occidental Petroleum's aggressive debt reduction positions it well for future balance sheet stability and investor confidence ...
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Here's Why Occidental Petroleum (OXY) Fell More Than Broader MarketOccidental Petroleum (OXY) closed at $45.36 in the latest trading session, marking a -1.43% move from the prior day.
Piper Sandler analyst Ryan Todd lowered the firm’s price target on Occidental Petroleum (OXY) to $51 from $57 and keeps a Neutral rating on the ...
The Berkshire Hathaway CEO spent more than $400 million on Occidental Petroleum shares, which just hit a nearly three-year ...
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