OXY(US:OXY) Benzinga·2025-11-04 20:02Core Insights - Financial giants are showing a bearish sentiment towards Occidental Petroleum, with 54% of traders indicating bearish tendencies and only 37% bullish [1] - The analysis of options trading revealed a significant volume of put options, totaling $1,412,556, compared to call options valued at $574,286 [1] Price Movements - Big players are targeting a price range for Occidental Petroleum between $22.5 and $60.0 over the past quarter [2] Volume & Open Interest - The volume and open interest data for options trading is crucial for tracking liquidity and interest in Occidental Petroleum's options, particularly within the strike price range of $22.5 to $60.0 over the last 30 days [3] Options Activity - Noteworthy bearish options activity includes multiple put trades with significant total trade prices, indicating a strong bearish sentiment among traders [8] Company Overview - Occidental Petroleum is an independent exploration and production company with operations in the U.S., Latin America, and the Middle East, reporting net proved reserves of nearly 4 billion barrels of oil equivalent [9] - The company averaged a net production of 1.327 million barrels of oil equivalent per day in 2024, with a composition of approximately 52% oil and natural gas liquids and 48% natural gas [9] Analyst Ratings - Recent analyst ratings for Occidental Petroleum show a consensus target price of $48.0, with varying opinions from different analysts, including a downgrade to Underweight by Wells Fargo with a target of $42 [10][11] Current Market Position - The current stock price of Occidental Petroleum is $40.06, reflecting a decrease of 2.1%, with a trading volume of 4,768,982 [13]