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Wealthfront Advisers LLC Sells 22,580 Shares of Occidental Petroleum Corporation $OXY
Wealthfront Advisers LLC reduced its stake in Occidental Petroleum Corporation (NYSE:OXY) by selling 22,580 shares, bringing its total holdings to 296,368 shares valued at $12.19 million. This sale comes amidst a general positive sentiment on Wall Street for OXY, with multiple analysts raising price targets and higher oil price forecasts contributing to an optimistic outlook for the company’s earnings. Despite Wealthfront’s sale, many other institutional investors increased their positions in Occidental Petroleum, and the company recently raised its quarterly dividend.