Occidental Petroleumの空売り状況は、投資家がOccidental Petroleumの株価下落に賭けている度合いを知ることができます。空売りデータは2週間ごとに更新されます。

Occidental Petroleum (NYSE:OXY) 株価情報, 空売り情報

Occidental Petroleum

Occidental Petroleum is an independent exploration and production company with operations in the United States, Latin America, and the Middle East. At the end of 2023, the company reported net proved reserves of nearly 4 billion barrels of oil equivalent. Net production averaged 1,234 thousand barrels of oil equivalent per day in 2023 at a ratio of roughly 50% oil and natural gas liquids and 50% natural gas.

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水曜日、主要な米国の指標は全て下落し、ダウ平均株価指数は38,763.45ドルから0.6％減の、S&amp;P500は5,199.50ドルから0.8％減の、ナスダックは16,195.81ドルから1.05％減の数字をそれぞれ記録した。

ロビンフッド、テスラ株が市場を牽引　米国指数下落も影響なく

Occidental Petroleum Corporation Common Stock

Occidental Petroleum Corp

Oxygen - United States Dollar

Occidental Petroleum Corporation Warrants

Financial giants have made a conspicuous bullish move on Occidental Petroleum. Our analysis of options history for Occidental Petroleum (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>) revealed 8 unusual trades.
Delving into the details, we found 50% of traders were bullish, while 37% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $278,849, and 5 were calls, valued at $207,837.
<h3>What's The Price Target?</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $25.0 and $55.0 for Occidental Petroleum, spanning the last three months.
<h3>Volume &amp; Open Interest Development</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Occidental Petroleum's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Occidental Petroleum's whale activity within a strike price range from $25.0 to $55.0 in the last 30 days. 
<h3>Occidental Petroleum Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1737050454_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>OXY</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$1.8</td>
<td>$1.71</td>
<td>$1.73</td>
<td>$42.50</td>
<td>$121.1K</td>
<td>3.6K</td>
<td align="right">735</td>
</tr>
<tr>
<td>OXY</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$3.8</td>
<td>$3.75</td>
<td>$3.75</td>
<td>$55.00</td>
<td>$101.2K</td>
<td>3.4K</td>
<td align="right">433</td>
</tr>
<tr>
<td>OXY</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/15/27</td>
<td>$28.3</td>
<td>$26.35</td>
<td>$28.3</td>
<td>$25.00</td>
<td>$56.6K</td>
<td>87</td>
<td align="right">0</td>
</tr>
<tr>
<td>OXY</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$4.0</td>
<td>$3.95</td>
<td>$3.95</td>
<td>$55.00</td>
<td>$56.4K</td>
<td>3.4K</td>
<td align="right">582</td>
</tr>
<tr>
<td>OXY</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$6.65</td>
<td>$6.6</td>
<td>$6.6</td>
<td>$52.50</td>
<td>$51.6K</td>
<td>5.4K</td>
<td align="right">78</td>
</tr>
</tbody>
</table>

<h3>About Occidental Petroleum</h3>
Occidental Petroleum is an independent exploration and production company with operations in the United States, Latin America, and the Middle East. At the end of 2023, the company reported net proved reserves of nearly 4 billion barrels of oil equivalent. Net production averaged 1,234 thousand barrels of oil equivalent per day in 2023 at a ratio of roughly 50% oil and natural gas liquids and 50% natural gas.
Following our analysis of the options activities associated with Occidental Petroleum, we pivot to a closer look at the company's own performance.
<h3>Current Position of Occidental Petroleum</h3>
<ul>
<li>Trading volume stands at 3,217,843, with OXY's price down by -0.83%, positioned at $52.27.</li>
<li>RSI indicators show the stock to be may be overbought.</li>
<li>Earnings announcement expected in 33 days.</li>
</ul>
<h3>What Analysts Are Saying About Occidental Petroleum</h3>
A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $54.5.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Piper Sandler has decided to maintain their Neutral rating on Occidental Petroleum, which currently sits at a price target of $51. 
&#x2A; Consistent in their evaluation, an analyst from Truist Securities keeps a Hold rating on Occidental Petroleum with a target price of $58. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Occidental Petroleum options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Options

Spotlight on Occidental Petroleum: Analyzing the Surge in Options Activity

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Shares of oil-related companies are trading higher amid new U.S. sanctions towards Russia's energy supply chain.

Truist Securities analyst Neal Dingmann maintains Occidental Petroleum (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>) with a Hold and raises the price target from $56 to $58.

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Analyst Ratings

Truist Securities Maintains Hold on Occidental Petroleum, Raises Price Target to $58

Occidental Petroleum Says Average Realized Prices For Total Worldwide Natural Gas For Three Months Ended Dec 31, $1.41/MCF; Average Realized Prices For Total Worldwide Oil For Three Months Ended Dec 31 Is $69.73/BBL

Oil prices are heating up, and so are the stocks of <a href="https://www.benzinga.com/topic/energy">major energy companies</a>. 
Shares of Chevron Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>), Occidental Petroleum (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>), and ConocoPhillips (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COP#NYSE">COP</a>) were trading in the green at the last check on Friday. The rally follows a Reuters report suggesting the U.S. is preparing its most <a href="https://www.benzinga.com/etfs/sector-etfs/25/01/42919047/oil-nears-80-as-us-prepares-new-russia-sanctions">stringent sanctions yet</a> against Russian oil.
These sanctions, expected to target 180 vessels, major <a href="https://www.benzinga.com/topic/oil?_gl=1&#x2A;1aeuuae&#x2A;_gcl_au&#x2A;MTQ3Nzg4MTMxMi4xNzM1NTczMTA3&#x2A;_ga&#x2A;R1MxLjEuMTczNjUyMjc2NC4xLjEuMTczNjUyMjg4Ni4wLjAuMA..&#x2A;_ga_V7ZK73W7N0&#x2A;MTczNjUyMDk1NC40Ni4xLjE3MzY1MjY3NDYuMC4wLjA.">oil </a>companies, and top executives, have already pushed oil prices to $80 per barrel — a level not seen since October 2024. 
Traders are responding to the anticipated disruption in global oil supply, and some ETFs with oil and energy exposure stand to reap the benefits.
<h3 class="wp-block-heading">What This Means For ETFs</h3>
<ul>
<li>The United States Oil Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USO#NYSE">USO</a>) was trading 3.73% higher as of 12.13 P.M. EST</li>
<li>The Invesco DB Oil Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DBO#NYSE">DBO</a>) rose about 3.84%. </li>
<li>The United States 12 Month Oil Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USL#NYSE">USL</a>) posted a 2.21% gain.</li>
<li>The Energy Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOP#NYSE">XOP</a>), with an expense ratio of 0.09% and a 91.26% exposure to the Oil, Gas &amp; Consumable Fuels make it a good bet for investors of oil-focused ETFs. The portfolio includes Exxon Mobil, Chevron and ConocoPhillips.</li>
<li>Vanguard Energy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VDE#NYSE">VDE</a>) has an expense ratio of 0.10% and like XOP, Exxon Mobil, Chevron and ConocoPhillips enjoys significant weightage in the fund.</li>
</ul>
<h3 class="wp-block-heading">Geopolitics and Market Dynamics</h3>
Sanctions on Russia — one of the world's largest oil producers — are expected to tighten supply. Prices are expected to go higher. Ongoing reduction in U.S. crude stockpiles, particularly at the Cushing, Oklahoma hub, as reported by Reuters, adds to the pressure.
While tighter supplies drive prices upward, concerns about demand persist. China&#8217;s fuel oil imports are likely to fall early 2025 thanks to a hike in oil import tax from Jan. 1. 
Weaker demand from China, one of the biggest crude oil importers, could weigh on prices in the longer term. 
See Next: 
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42340255/opec-extends-oil-output-cuts-to-late-2026-what-it-means-for-markets">OPEC+ Extends Oil Output Cuts To Late 2026: What It Means For Markets</a></li>
</ul>
Photo: Shutterstock

Sector ETFs

ETFs

Oil Stocks Rally On Anticipation Of Stricter Russian Sanctions: Here's How ETFs Are Reacting

As the most powerful investors in the world are loading up on <a href="https://www.benzinga.com/topic/energy">energy </a>investments following President-elect Donald Trump&#8217;s victory, this investor highlights a profitable and lower-risk oil and gas play that is &#8220;set to outperform all the rest.&#8221;
What Happened: Warren Buffett holds <a href="https://www.benzinga.com/content/42715498/buffett-takes-the-bait-berkshire-buys-more-oxy-in-december">$13.15 billion worth</a> of Occidental Petroleum (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>) as of the third quarter of this fiscal year. According to 13F filings, Carl Icahn owns <a href="https://www.benzinga.com/insights/news/25/01/42755511/positive-signal-carl-icahn-shows-faith-buying-339k-in-cvr-partners-stock">$1.53 billion worth</a> of CVR Energy Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CV#NYSE">CV</a>) as of Q3. Meanwhile, billionaire Ken Griffin boosted his holdings in certain <a href="https://www.benzinga.com/markets/asia/22/11/29831732/ken-griffins-hedge-fund-increased-its-stake-by-over-150-in-these-2-dividend-paying-energy-stocks">oil stocks by 150%</a> in 2023.
However, Marc Lichtenfeld, the chief income strategist at the Oxford Club, on Monday revealed a little-known oil strategy that first caught the attention of Buffett's partner, Charlie Munger, in 1962. He explains, &#8220;It has nothing to do with oil futures, ETFs, or stocks. Yet the returns can be MUCH bigger.&#8221;
Lichtenfeld describes oil and gas royalties as a &#8220;backdoor way&#8221; to earn recurring payments from oil fields without the usual costs of exploration, labor, or transportation. &#8220;Instead, you simply collect incredible royalty streams for owning a very valuable asset… the oil or gas field. It's the ultimate passive income investment,&#8221; he says.
Before his passing, Munger <a href="https://www.benzinga.com/personal-finance/24/05/38619559/charlie-munger-and-a-friend-each-made-70-000-per-year-from-a-1-000-investment-60-years-ago-rakin">earned $70,000 annually</a> from an investment of just $1,000 made more than six decades ago. 
See Also: <a href="https://www.benzinga.com/markets/equities/24/11/42383725/trump-administrations-deregulation-efforts-to-lift-energy-oil-and-gas-sectors-ai-frenzy-to-aid-faang-stocks-and-nvidia-says-fintech-insider">Trump&#8217;s Deregulation Efforts To Benefit Energy, Oil And Gas Sectors, While AI Frenzy Will Boost FAANG Stocks And Nvidia, Says Fintech Insider</a>
Why It Matters: Highly regulated industries are likely to benefit under Trump&#8217;s administration due to his proposed deregulation efforts. This includes the creation of the Department of Government Efficiency (DOGE), led by Elon Musk and Vivek Ramaswamy, aimed at cutting the government&#8217;s wasteful spending.
Lichtenfeld highlights that oil and gas royalties offer lower risk than traditional energy stocks. While conventional oil companies face operational challenges and heavy debt, royalties provide a more stable investment.
&#8220;It's a perfect investment during times of high inflation, like right now. In Texas, they call oil royalties &#8216;mailbox money,&#8217; because you walk out, open up the mailbox, and the check is there. It's as easy as it gets,&#8221; he says.
Lichtenfeld also underscores the investment potential of Permian Basin royalties, noting that other U.S. basins are nearing the end of their productive life, while the Permian is at peak production.
&#8220;Unlike with Occidental, you're not investing in a high-capital company that needs to drill, extract, transport, or store any product. You simply collect royalties from this superstar basin. It's a win-win,&#8221; he adds.
See Also: <a href="https://www.benzinga.com/24/11/42131911/donald-trump-appointed-doge-to-have-marginal-impact-saving-50-100-billion-says-analyst-as-elon-musk-aims-to-target-500-billion-plus-in-federal-expenditures" target="_blank" rel="noreferrer noopener">Donald Trump's DOGE Initiative To Have ‘Marginal Impact' Says Analyst As Elon Musk Aims To Target Over $500B In Federal Expenditures</a>
What Are Experts Saying: According to Mario Georgiou, the executive director and head of investments at InCred Global Wealth, "Deregulation supporting oil production and geopolitical risks could sustain elevated oil prices and relative valuations are attractive."
"Fundamentally, (energy) companies are shareholder friendly with 8-12% shareholder yields, have strong balance sheets with low net debt to EBITDA ratios and high free cash flow yields of 6.50% and above," he adds.
According to JPMorgan, oil prices could reach a "stratospheric" $380 a barrel.
As per Morgan Stanley, the energy sector faces a divided future. Trump's deregulation could benefit traditional energy, but the outlook for oil is uncertain due to potential oversupply and weak global demand, especially from China. In contrast, natural gas may see growth from strong European demand and increased domestic use for electrification and AI-powered data centers.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/24/11/42158682/donald-trumps-win-positive-for-financials-energy-sector-as-pro-growth-effects-will-outweigh-inflationary-pressures-says-analyst">Donald Trump&#8217;s Win Positive For Financials, Energy Sector As &#8216;Pro-Growth Effects Will Outweigh Inflationary Pressures,&#8217; Says Analyst</a></li>
</ul>
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As Warren Buffett And Other Billionaires Load Up On Energy Stocks, This Analyst Highlights Charlie Munger's 1962 Oil Investment Which Can 'Outperform All The Rest'

Deep-pocketed investors have adopted a bullish approach towards Occidental Petroleum (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in OXY usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 19 extraordinary options activities for Occidental Petroleum. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 68% leaning bullish and 21% bearish. Among these notable options, 11 are puts, totaling $419,286, and 8 are calls, amounting to $345,970.
<h3>Predicted Price Range</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $35.0 to $57.5 for Occidental Petroleum during the past quarter. 
<h3>Insights into Volume &amp; Open Interest</h3>
In terms of liquidity and interest, the mean open interest for Occidental Petroleum options trades today is 2391.0 with a total volume of 10,631.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Occidental Petroleum's big money trades within a strike price range of $35.0 to $57.5 over the last 30 days.
<h3>Occidental Petroleum Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1735240527_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>OXY</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$9.4</td>
<td>$9.3</td>
<td>$9.3</td>
<td>$57.50</td>
<td>$67.8K</td>
<td>1.0K</td>
<td align="right">74</td>
</tr>
<tr>
<td>OXY</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>05/16/25</td>
<td>$3.1</td>
<td>$3.0</td>
<td>$3.05</td>
<td>$50.00</td>
<td>$61.0K</td>
<td>5.0K</td>
<td align="right">851</td>
</tr>
<tr>
<td>OXY</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/16/25</td>
<td>$3.05</td>
<td>$2.92</td>
<td>$3.0</td>
<td>$50.00</td>
<td>$60.0K</td>
<td>5.0K</td>
<td align="right">236</td>
</tr>
<tr>
<td>OXY</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/16/25</td>
<td>$3.05</td>
<td>$2.93</td>
<td>$2.95</td>
<td>$50.00</td>
<td>$59.0K</td>
<td>5.0K</td>
<td align="right">640</td>
</tr>
<tr>
<td>OXY</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$6.95</td>
<td>$6.8</td>
<td>$6.85</td>
<td>$55.00</td>
<td>$45.2K</td>
<td>9.9K</td>
<td align="right">66</td>
</tr>
</tbody>
</table>

<h3>About Occidental Petroleum</h3>
Occidental Petroleum is an independent exploration and production company with operations in the United States, Latin America, and the Middle East. At the end of 2023, the company reported net proved reserves of nearly 4 billion barrels of oil equivalent. Net production averaged 1,234 thousand barrels of oil equivalent per day in 2023 at a ratio of roughly 50% oil and natural gas liquids and 50% natural gas.
After a thorough review of the options trading surrounding Occidental Petroleum, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Where Is Occidental Petroleum Standing Right Now?</h3>
<ul>
<li>With a trading volume of 8,284,328, the price of OXY is up by 0.08%, reaching $48.16.</li>
<li>Current RSI values indicate that the stock is is currently neutral between overbought and oversold.</li>
<li>Next earnings report is scheduled for 48 days from now.</li>
</ul>
<h3>Expert Opinions on Occidental Petroleum</h3>
A total of 4 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $56.25.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Consistent in their evaluation, an analyst from Mizuho keeps a Neutral rating on Occidental Petroleum with a target price of $70. 
&#x2A; An analyst from UBS persists with their Neutral rating on Occidental Petroleum, maintaining a target price of $51. 
&#x2A; An analyst from Wells Fargo has decided to maintain their Equal-Weight rating on Occidental Petroleum, which currently sits at a price target of $53. 
&#x2A; An analyst from Piper Sandler persists with their Neutral rating on Occidental Petroleum, maintaining a target price of $51. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Occidental Petroleum, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Check Out What Whales Are Doing With OXY

Warren Buffett&nbsp;is entering 2025 with the largest cash reserve at&nbsp;Berkshire Hathaway&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) in over three decades. 
What Happened:&nbsp;The conglomerate&#8217;s cash holdings have reached a staggering $325 billion, marking the highest percentage of total assets since 1990, CNBC<a href="https://www.cnbc.com/2024/12/22/buffett-heads-into-2025-with-biggest-cash-position-in-more-than-30-years.html"> reported</a> on Tuesday.
This cash accumulation comes as Buffett, 94, finds few attractive investment opportunities amid a highly valued market. The &#8220;Buffett indicator,&#8221; which compares&nbsp;the total market value of&nbsp;U.S. stocks to GDP, has soared to 209%, a level not seen since the 1929 market peak, according to Oppenheimer data.
Throughout 2024, Buffett sold significant portions of his largest holdings, including&nbsp;Apple Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and&nbsp;Bank of America Corp.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), offloading $133 billion in stocks during the year&#8217;s first three quarters. Despite this, Berkshire&#8217;s shares rose 27% in 2024, its best performance since 2021.
See Also:&nbsp;<a href="https://www.benzinga.com/markets/equities/24/12/42642371/smith-wessons-fate-hangs-in-the-balance-as-supreme-court-weighs-mexicos-gun-trafficking-lawsuit-swbi-stock-down-27-over-past-month-heres-whats-next?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Smith &amp; Wesson&#8217;s Fate Hangs In The Balance As Supreme Court Weighs Mexico&#8217;s Gun Trafficking Lawsuit: SWBI&nbsp;Stock Down 27% Over Past Month, Here&#8217;s What&#8217;s Next</a>
Buffett&#8217;s strategy may involve waiting for a major acquisition opportunity, potentially benefiting his successor,&nbsp;Greg Abel. Analyst&nbsp;Kevin Heal&nbsp;from Argus Research suggests that some of the cash could be used for investments in distressed situations, allowing successors to leave their mark.
"This will also provide an opportunity for the successors to make their own mark when Mr. Buffett ocially hands over the reins."
Why It Matters: This substantial cash reserve positions Berkshire Hathaway for strategic maneuvers in the coming years. Recently, Buffett&#8217;s investment activities have shown a shift. In December, Berkshire significantly increased its stake in <a href="https://www.benzinga.com/markets/equities/24/12/42666459/warren-buffett-once-called-berkshire-the-opposite-of-those-who-hurry-to-sell-now-hes-offloading-apple-and-snapping-up-occidental-petroleum-amid-a-20-drop">Occidental Petroleum Corp.</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>), acquiring approximately 8.9 million shares over a few days. This move, totaling around $405 million, raised Berkshire&#8217;s ownership to 28% of Occidental, valued at approximately $12 billion.
Price Action: As per <a href="https://pro.benzinga.com">Benzinga Pro</a>, BRK.A&#8217;s YTD returns rose by 25.69% while that of BRK.B increased by 25.35%
Read Next:&nbsp;
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</ul>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Image via Shutterstock

AAPL

Warren Buffett Heads Into 2025 With $325 Billion Cash Pile, His Largest in Over Three Decades: Expert Says It 'Will Provide An Opportunity For The Successors To Make Their Own Mark'

Warren Buffett&#8216;s Berkshire Hathaway Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) has significantly increased its stake in Occidental Petroleum Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>) through five purchases last week, seemingly diverging from the legendary investor&#8217;s long-held investment principles regarding declining stocks.
What Happened: Regulatory filings show Berkshire acquired <a href="https://www.benzinga.com/24/12/42622045/whats-going-on-with-occidental-petroleum-shares-friday">approximately 8.9 million shares</a> of Occidental between Dec. 17 and Dec. 19, investing about $405 million at an average price of $46 per share. The purchases have increased Berkshire&#8217;s ownership to 264.2 million shares, representing a 28% stake worth approximately $12 billion.
The move appears to contrast with Buffett&#8217;s own investment philosophy, outlined in his 1988 letter to Berkshire shareholders.
Quoting then-Fidelity Magellan fund manager Peter Lynch, Buffett wrote, &#8220;We are just the opposite of those who hurry to sell and book profits when companies perform well but who tenaciously hang on to businesses that disappoint.&#8221; He likened such behavior to &#8220;cutting the flowers and watering the weeds.&#8221;
Buffett&#8217;s recent decision to reduce his stake in Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) has sparked speculation, with Berkshire Hathaway gaining $97 billion in cash, raising its cash reserves to a record $325 billion.
While some analysts suggest the sale was driven by Apple&#8217;s high price-to-earnings ratio, others believe Buffett may be preparing for a <a href="https://www.benzinga.com/24/11/41867250/warren-buffetts-apple-stake-reduction-spurs-97b-cash-surge-analysts-speculate-this-could-be-the-reason-behind-berkshire-hathaways-massive-cash-pile">leadership transition or anticipating a crisis</a>.
The recent purchases are notable as they were made at prices significantly below Berkshire&#8217;s previous average cost basis of $54.20 per share. Occidental&#8217;s stock has declined 20.33% this year, with shares trading consistently below $50 in recent weeks.
The increased investment comes amid challenging market conditions for energy companies. The International Energy Agency recently reduced its <a href="https://www.ief.org/news/comparative-analysis-of-monthly-reports-on-the-oil-market-58#:~:text=The%20IEA%20has%20kept%20its%20forecast%20for%20global%20demand%20growth,2024%20Annual%20Demand%20Growth%20Forecasts">forecast</a> for oil demand growth through 2024 and 2025, citing weakening demand from China and increasing supplies from the Americas. 
Crude Oil WTI prices have declined approximately 35.36% since its peak of $112 in June 2022 in the last 5 years.
See Also: <a href="https://www.benzinga.com/24/12/42665033/tesla-shorts-gordon-johnson-and-james-chanos-express-skepticism-on-robotaxi-potential-as-usage-data-sparks-debate">Tesla Shorts, Gordon Johnson, And James Chanos Express Skepticism On Robotaxi Potential Amid Usage Data Debate</a>
Why It Matters: Occidental&#8217;s financial performance reflects these industry headwinds. The company&#8217;s free cash flow has decreased significantly in recent quarters, dropping to $275 million in the first quarter of 2024 and $548 million in the second quarter, marking the lowest levels since early 2021. However, it rebounded strongly in the third quarter, surging to over $2 billion.
The company&#8217;s next <a href="https://www.benzinga.com/quote/OXY/earnings">earnings announcement is scheduled</a> for Feb. 20.
The oil producer currently maintains a dividend yield of 1.84%, notably lower than its <a href="https://www.benzinga.com/quote/OXY/dividends">historical range</a> of 3.5% to 5% over the past decade. According to <a href="https://www.oxy.com/siteassets/documents/investors/quarterly-earnings/oxy3q24conferencecallslides.pdf">company investor presentations</a>, maintaining a sustainable and growing dividend remains a key priority for Occidental&#8217;s management.
Berkshire&#8217;s continued investment in Occidental represents one of Buffett&#8217;s largest recent positions, even as the company faces industry-wide challenges and stock price pressure. 
The trades have sparked a modest market reaction, with Occidental shares rising from $45.30 to $47.90 following the disclosure of Berkshire&#8217;s purchases, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>.
Wall Street analysts remain optimistic about Occidental, with a <a href="https://www.benzinga.com/quote/OXY/analyst-ratings">consensus price target</a> of $62.86 from 23 analysts. Raymond James set the highest target at $78, while Piper Sandler&#8217;s lowest is $51. Recent ratings from Piper Sandler, Mizuho, and UBS average $57.33, indicating a potential 19.52% upside.
<figure class="wp-block-image aligncenter size-large is-resized"><a href="https://www.benzinga.com/quote/OXY/analyst-ratings"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/24024615/Screenshot-2024-12-24-at-1.15.16%E2%80%AFPM-1024x381.png" alt="" class="wp-image-705480" style="width:609px;height:auto" /></a></figure>
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Image Via Shutterstock 
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Short Sellers

Warren Buffett Once Called Berkshire The 'Opposite Of Those Who Hurry To Sell' — Now He's Offloading Apple And Snapping Up Occidental Petroleum Amid A 20% Drop

Occidental Petroleum (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>) stock is trading higher on Friday after Berkshire Hathaway Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) increased <a href="https://www.benzinga.com//node/42614904">its stake</a> in the company.
The Details: According to a Form 4 filing with the Securities and Exchange Commission, Berkshire purchased 8,896,890 shares in Occidental at an average price of $45.99.
The purchase costs Berkshire about $409 million in total.
Berkshire completed this purchase in stages, beginning on Dec. 17 and concluding on Dec. 19. The company now holds approximately a 28% stake in Occidental.
How To Buy Occidental Petroleum Shares
Besides going to a brokerage platform to purchase a share &#8211; or fractional share &#8211; of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument. 
For example, in Occidental Petroleum's case, it is in the Energy sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
Related Link: <a href="https://www.benzinga.com/24/12/42616304/top-3-risk-off-stocks-that-may-collapse-this-month">Top 3 Risk Off Stocks That May Collapse This Month</a>
OXY Price Action: At the time of writing, Occidental stock is moving 5.22% higher at $47.70, according to data from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.
Image: Photo via Shutterstock

Movers

What's Going On With Occidental Petroleum Shares Friday?

U.S. stocks were higher, with the Dow Jones index gaining over 300 points on Friday.
Shares of Mission Produce, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVO#NASDAQ">AVO</a>) rose sharply during today's session after the company reported <a href="https://www.benzinga.com/news/earnings/24/12/42605747/mission-produce-shares-grow-after-strong-q4-results-details">better-than-expected fourth-quarter sales results.</a>
Mission Produce reported quarterly earnings of 28 cents per share and quarterly revenue of $354.4 million, which beat the analyst consensus estimate of $220.4 million.
Mission Produce shares jumped 22.3% to $15.07 on Friday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Humacyte, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HUMA#NASDAQ">HUMA</a>) shares jumped 55.2% to $5.37 after the company announced FDA approval for SYMVESS for treating extremity vascular injuries. HC Wainwright &amp; Co. raised its price target on the stock from $12 to $15.</li>
<li>Personalis, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSNL#NASDAQ">PSNL</a>) gained 32% to $6.94 after the company and Moderna recently announced a multi-year extension to continue utilizing the Personalis ImmunoID NeXT platform and technology for V940/mRNA-4157. The company also announced an investment from Merck.</li>
<li>Enovix Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENVX#NASDAQ">ENVX</a>) gained 22% to $9.80 as the company shipped first EX-2M samples to mobile phone customers.</li>
<li>Clearwater Paper Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLW#NYSE">CLW</a>) surged 21.2% to $29.96.</li>
<li>Rigetti Computing, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGTI#NASDAQ">RGTI</a>) gained 20.2% to $8.99.</li>
<li>Quantum Computing Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QUBT#NASDAQ">QUBT</a>) gained 20% to $18.17. In an exchange filing dated December 20, Quantum Computing has registered up to 8.96 million shares for resale by selling stockholders.</li>
<li>BlackBerry Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BB#NYSE">BB</a>) surged 20% to $3.58 as the company posted upbeat quarterly earnings.</li>
<li>IonQ, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IONQ#NYSE">IONQ</a>) gained 15.5% to $ 43.63. Craig-Hallum analyst Richard Shannon maintained IonQ with a Buy and raised the price target from $22 to $45.</li>
<li>Sirius XM Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIRI#NASDAQ">SIRI</a>) rose 10% to $22.59. Warren Buffett acquired 4.96 million Sirius XM shares at an average price of $21.60.</li>
<li>Plug Power Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) gained 9.7% to $2.5248.</li>
<li>Lucid Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>) rose 9% to $2.8650.</li>
<li>Rivian Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) gained 6.6% to $13.93.</li>
<li>Occidental Petroleum Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>) gained 4.7% to $47.47 after Berkshire Hathaway increased its stake in the company.</li>
<li>NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) rose 2.1% to $133.38. The European Commission on Thursday announced it approved the proposed acquisition of Run:ai Labs by NVIDIA.</li>
</ul>
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<li><a href="https://www.benzinga.com/24/12/42616304/top-3-risk-off-stocks-that-may-collapse-this-month">Top 3 Risk Off Stocks That May Collapse This Month</a></li>
</ul>

Intraday Update

ENVX

HUMA

IONQ

LCID

NVDA

PLUG

PSNL

QUBT

RGTI

RIVN

SIRI

Mission Produce, Nvidia, Humacyte, BlackBerry And Other Big Stocks Moving Higher On Friday

Occidental Petroleum shares are trading higher after Berkshire Hathaway increased its stake in the company.

BRK/A

BRK/B

Reported December 19: Warren Buffett Increases Stake In Occidental Petroleum, Acquires 8.9M Shares At An Average Price Of $45.99, Raising Ownership Above 10%

Piper Sandler analyst Ryan Todd maintains Occidental Petroleum (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>) with a Neutral and lowers the price target from $57 to $51.

Piper Sandler Maintains Neutral on Occidental Petroleum, Lowers Price Target to $51

Occidental Petroleum Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>) shares are trading lower by 3.2% to $46.16 this week as China's latest economic data points to slowing growth, raising concerns about <a href="https://www.benzinga.com/24/12/42508408/what-is-going-on-with-alibaba-jd-li-auto-xpeng-stocks-on-monday">global energy demand</a>.
What To Know: The National Bureau of Statistics reported that November retail sales increased by just 3% year-on-year, falling short of economists' 5.3% expectations and marking a slowdown from October's 4.8% growth. Property investment, a key driver of construction and energy use, fell sharply by 10.4%, reflecting persistent struggles in the real estate sector.
China, one of the largest consumers of oil and gas globally, plays a pivotal role in shaping energy market dynamics. A slowdown in industrial activity and construction—both energy-intensive sectors—could weigh heavily on demand for Occidental's crude oil and natural gas products. 
Industrial production grew 5.4% in November, slightly outpacing October's 5.3%, but the pace remains subdued, hinting at limited short-term energy growth.
Occidental's significant exposure to commodity price fluctuations means that continued weakness in China's economy could impact its revenues and profitability.
Read Also: <a href="https://www.benzinga.com/news/retail-sales/24/12/42535296/stocks-slip-as-strong-november-retail-sales-raise-concerns-over-2025-fed-rate-cuts">Stocks Slip As Strong November Retail Sales Raise Concerns Over 2025 Fed Rate Cuts</a>
<h2 class="wp-block-heading">How To Buy OXY Stock</h2>
Besides going to a brokerage platform to purchase a share &#8211; or fractional share &#8211; of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument. 
For example, in Occidental Petroleum&#8217;s case, it is in the Energy sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
According to data from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, OXY has a 52-week high of $71.18 and a 52-week low of $45.79.

Occidental Petroleum (OXY) Stock Hit A New 52-Week Low: What's Going On?

Deep-pocketed investors have adopted a bullish approach towards Occidental Petroleum (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in OXY usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 16 extraordinary options activities for Occidental Petroleum. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 43% leaning bullish and 43% bearish. Among these notable options, 9 are puts, totaling $1,334,651, and 7 are calls, amounting to $332,260.
<h3>What's The Price Target?</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $40.0 to $70.0 for Occidental Petroleum over the recent three months. 
<h3>Volume &amp; Open Interest Development</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Occidental Petroleum's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Occidental Petroleum's significant trades, within a strike price range of $40.0 to $70.0, over the past month.
<h3>Occidental Petroleum 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1734453055_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>OXY</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/18/26</td>
<td>$15.7</td>
<td>$15.65</td>
<td>$15.65</td>
<td>$60.00</td>
<td>$782.5K</td>
<td>1.1K</td>
<td align="right">500</td>
</tr>
<tr>
<td>OXY</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/15/27</td>
<td>$4.05</td>
<td>$3.85</td>
<td>$4.05</td>
<td>$40.00</td>
<td>$235.5K</td>
<td>2.5K</td>
<td align="right">651</td>
</tr>
<tr>
<td>OXY</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>12/20/24</td>
<td>$1.86</td>
<td>$1.57</td>
<td>$1.7</td>
<td>$47.50</td>
<td>$102.0K</td>
<td>12.2K</td>
<td align="right">637</td>
</tr>
<tr>
<td>OXY</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/15/27</td>
<td>$10.1</td>
<td>$9.0</td>
<td>$9.0</td>
<td>$45.00</td>
<td>$90.0K</td>
<td>192</td>
<td align="right">0</td>
</tr>
<tr>
<td>OXY</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/16/25</td>
<td>$16.6</td>
<td>$16.45</td>
<td>$16.49</td>
<td>$62.50</td>
<td>$65.9K</td>
<td>58</td>
<td align="right">45</td>
</tr>
</tbody>
</table>

<h3>About Occidental Petroleum</h3>
Occidental Petroleum is an independent exploration and production company with operations in the United States, Latin America, and the Middle East. At the end of 2023, the company reported net proved reserves of nearly 4 billion barrels of oil equivalent. Net production averaged 1,234 thousand barrels of oil equivalent per day in 2023 at a ratio of roughly 50% oil and natural gas liquids and 50% natural gas.
Having examined the options trading patterns of Occidental Petroleum, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Occidental Petroleum's Current Market Status</h3>
<ul>
<li>With a volume of 4,498,758, the price of OXY is down -0.92% at $46.17. </li>
<li>RSI indicators hint that the underlying stock may be oversold.</li>
<li>Next earnings are expected to be released in 57 days.</li>
</ul>
<h3>What Analysts Are Saying About Occidental Petroleum</h3>
5 market experts have recently issued ratings for this stock, with a consensus target price of $63.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Maintaining their stance, an analyst from Wells Fargo continues to hold a Equal-Weight rating for Occidental Petroleum, targeting a price of $53. 
&#x2A; An analyst from UBS has decided to maintain their Neutral rating on Occidental Petroleum, which currently sits at a price target of $58. 
&#x2A; Consistent in their evaluation, an analyst from Citigroup keeps a Neutral rating on Occidental Petroleum with a target price of $56. 
&#x2A; Maintaining their stance, an analyst from Raymond James continues to hold a Strong Buy rating for Occidental Petroleum, targeting a price of $78. 
&#x2A; Maintaining their stance, an analyst from Mizuho continues to hold a Neutral rating for Occidental Petroleum, targeting a price of $70. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Occidental Petroleum, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Mizuho analyst Nitin Kumar maintains Occidental Petroleum (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>) with a Neutral and lowers the price target from $72 to $70.

Mizuho Maintains Neutral on Occidental Petroleum, Lowers Price Target to $70

On CNBC's &#8220;<a href="https://www.benzinga.com/topic/mad-money-lightning-round">Mad Money Lightning Round</a>,&#8221; Jim Cramer said Occidental Petroleum (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>) is one of his <a href="https://www.benzinga.com/quote/OXY/analyst-ratings">&#8220;least favorite oils.&#8221;</a>
On Monday, UBS analyst Josh Silverstein maintained Occidental Petroleum with a Neutral and lowered the price target from&nbsp;$58&nbsp;to&nbsp;$51, while Wells Fargo analyst Roger Read maintained the stock with an Equal-Weight and cut the price target from&nbsp;$56&nbsp;to&nbsp;$53.
&#8220;I think it's a very good situation,&#8221; Cramer said when asked about The Cooper Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COO#NYSE">COO</a>).
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<li><a href="https://analytics.google.com/analytics/web/#/p283071105/reports/explorer?params=_u..nav%3Dmaui%26_r..dataFilters%3D%5B%7B%22type%22:1,%22fieldName%22:%22landingPage%22,%22evaluationType%22:4,%22expressionList%22:%5B%22%252Ftrading-ideas%252Flong-ideas%252F24%252F04%252F38312296%252Fjim-cramer-recommends-buying-ethereum-or-bitcoin-instead-of-this-stock-lets-not-fool-aro%22%5D,%22complement%22:false,%22isCaseSensitive%22:true,%22expression%22:%22%22%7D%5D&amp;r=6342961161&amp;ruid=all-pages-and-screens,life-cycle,engagement&amp;collectionId=6114769606" target="_blank" rel="noreferrer noopener"></a></li>
</ul>
See Also: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/04/38312296/jim-cramer-recommends-buying-ethereum-or-bitcoin-instead-of-this-stock-lets-not-fool-aro">Jim Cramer Recommends Buying Ethereum Or Bitcoin Instead Of This Stock: &#8216;Let&#8217;s Not Fool Around</a>
Archer Aviation Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACHR#NYSE">ACHR</a>) is the &#8220;ultimate speculative, and as long as you know that, then I'm absolutely fine with it,&#8221; Cramer said.
Cramer recommended to keep owning Energy Transfer LP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ET#NYSE">ET</a>) and also recommended buying more in case it goes down.
The Mad Money host said he likes Abbott Laboratories (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABT#NYSE">ABT</a>). &#8220;I think that their legal stuff is really largely behind them,&#8221; he added.
When asked about Kinder Morgan, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMI#NYSE">KMI</a>), he said, &#8220;It's a good situation.&#8221;
As for Advanced Drainage Systems, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMS#NYSE">WMS</a>), the company &#8220;missed the numbers by a mile,&#8221; Cramer said. &#8220;And when I see that, that often means that the next numbers' going to be missed too. So let's be careful there.&#8221;
Price Action:
<ul>
<li>Occidental Petroleum shares fell 0.9% to settle at $48.05 on Tuesday.</li>
<li>Cooper Companies shares fell 0.2% to close at $99.08.</li>
<li>Energy Transfer shares slipped 0.5% to settle at $18.74 on Tuesday.</li>
<li>Abbott shares gained 0.5% to $115.50 on Tuesday.</li>
<li>Kinder Morgan shares fell 0.8% to close at $26.89 on Tuesday.</li>
<li>Advanced Drainage Systems shares fell 1.7% to settle at $128.24 during the session.</li>
<li>Archer Aviation shares slipped 1.3% to close at $7.72 on Tuesday.</li>
</ul>
Read Next: 
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<li><a href="https://www.benzinga.com/news/earnings/24/12/42429201/dow-falls-for-4th-straight-session-alphabet-surges-on-google-quantum-chip-announcement-fear-greed-index-remains-in-neutral-zone">Dow Falls For 4th Straight Session, Alphabet Surges On Google Quantum Chip Announcement: Fear &amp; Greed Index Remains In &#8216;Neutral&#8217; Zone</a></li>
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Image: Shutterstock

Long Ideas

Media

ACHR

Jim Cramer Says 'Keep Owning' This Energy Stock, Abbott Laboratories 'Legal Stuff' Is Behind Them

Whales with a lot of money to spend have taken a noticeably bullish stance on Occidental Petroleum.
Looking at options history for Occidental Petroleum (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>) we detected 8 trades.
If we consider the specifics of each trade, it is accurate to state that 62% of the investors opened trades with bullish expectations and 25% with bearish.
From the overall spotted trades, 4 are puts, for a total amount of $280,364 and 4, calls, for a total amount of $296,524.
<h3>Expected Price Movements</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $27.5 to $57.5 for Occidental Petroleum over the recent three months. 
<h3>Volume &amp; Open Interest Trends</h3>
In today's trading context, the average open interest for options of Occidental Petroleum stands at 1376.33, with a total volume reaching 2,347.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Occidental Petroleum, situated within the strike price corridor from $27.5 to $57.5, throughout the last 30 days.
<h3>Occidental Petroleum Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1733848303_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>OXY</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>02/21/25</td>
<td>$9.65</td>
<td>$9.5</td>
<td>$9.57</td>
<td>$57.50</td>
<td>$156.9K</td>
<td>1.7K</td>
<td>200</td>
</tr>
<tr>
<td>OXY</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$1.74</td>
<td>$1.72</td>
<td>$1.73</td>
<td>$50.00</td>
<td>$111.4K</td>
<td>4.0K</td>
<td>720</td>
</tr>
<tr>
<td>OXY</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/15/27</td>
<td>$22.5</td>
<td>$22.1</td>
<td>$22.2</td>
<td>$27.50</td>
<td>$78.6K</td>
<td>168</td>
<td>33</td>
</tr>
<tr>
<td>OXY</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$1.97</td>
<td>$1.94</td>
<td>$1.97</td>
<td>$50.00</td>
<td>$77.6K</td>
<td>4.0K</td>
<td>1.2K</td>
</tr>
<tr>
<td>OXY</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/18/26</td>
<td>$5.55</td>
<td>$3.1</td>
<td>$5.45</td>
<td>$47.50</td>
<td>$54.5K</td>
<td>2</td>
<td>100</td>
</tr>
</tbody>
</table>

<h3>About Occidental Petroleum</h3>
Occidental Petroleum is an independent exploration and production company with operations in the United States, Latin America, and the Middle East. At the end of 2023, the company reported net proved reserves of nearly 4 billion barrels of oil equivalent. Net production averaged 1,234 thousand barrels of oil equivalent per day in 2023 at a ratio of roughly 50% oil and natural gas liquids and 50% natural gas.
<h3>Present Market Standing of Occidental Petroleum</h3>
<ul>
<li>Currently trading with a volume of 3,494,470, the OXY's price is up by 0.07%, now at $48.53. </li>
<li>RSI readings suggest the stock is currently is currently neutral between overbought and oversold.</li>
<li>Anticipated earnings release is in 64 days.</li>
</ul>
<h3>What Analysts Are Saying About Occidental Petroleum</h3>
In the last month, 5 experts released ratings on this stock with an average target price of $63.6.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from UBS has decided to maintain their Neutral rating on Occidental Petroleum, which currently sits at a price target of $51. 
&#x2A; Maintaining their stance, an analyst from Susquehanna continues to hold a Positive rating for Occidental Petroleum, targeting a price of $65. 
&#x2A; An analyst from Raymond James persists with their Strong Buy rating on Occidental Petroleum, maintaining a target price of $78. 
&#x2A; An analyst from Wells Fargo has decided to maintain their Equal-Weight rating on Occidental Petroleum, which currently sits at a price target of $53. 
&#x2A; An analyst from Stephens &amp; Co. persists with their Overweight rating on Occidental Petroleum, maintaining a target price of $71. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Occidental Petroleum options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

A Closer Look at Occidental Petroleum's Options Market Dynamics

UBS analyst Josh Silverstein maintains Occidental Petroleum (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>) with a Neutral and lowers the price target from $58 to $51.

UBS Maintains Neutral on Occidental Petroleum, Lowers Price Target to $51

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Wells Fargo analyst Roger Read maintained a Hold rating on Occidental Petroleum (OXY – Research Report) yesterday and set a price target of $53.00....

Occidental Petroleum (OXY) Receives a Hold from Wells Fargo

Occidental Petroleum: A Contrarian Buy

Barclays analyst Betty Jiang maintained a Hold rating on Occidental Petroleum (OXY – Research Report) yesterday and set a price target of $58.00. T...

Barclays Remains a Hold on Occidental Petroleum (OXY)

Mizuho Securities analyst Nitin Kumar CFA has maintained their neutral stance on OXY stock, giving a Hold rating yesterday. Nitin Kumar CFA's ratin...

Occidental Petroleum: Hold Rating Amid Earnings Miss and Strategic Uncertainties

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Occidental Petroleum: New Sanctions To Boost Oil Markets In 2025

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CIVI

CTRA

KNTK

LINK

TRGP

Commodities

Offerings

Press Releases

WESTERN MIDSTREAM ANNOUNCES PRICING OF SECONDARY PUBLIC OFFERING OF COMMON UNITS

Occidental Announces Continued Progress on Debt Reduction and Divestiture Initiatives

1PointFive's South Texas Direct Air Capture Hub Awarded U.S. Department of Energy Funding

Drone Usage for Automated UAV Monitoring Solutions Witnessing Rapid Growth & Increasing Revenue Generating Opportunities

Permian Resources Announces Closing of Bolt-On Acquisition of Core Delaware Basin Assets

Global Carbon Dioxide Removal Market Size Expected to Reach $2.54 Billion By 2033 as Climate Change Concerns Grow

Occidental to Announce Third Quarter Results Tuesday, November 12, 2024; Hold Conference Call Wednesday, November 13, 2024

Dividends

Occidental Announces Dividend

Earnings

Occidental Announces Third Quarter 2024 Results

Occidental to Announce Fourth Quarter Results Tuesday, February 18, 2025; Hold Conference Call Wednesday, February 19, 2025

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