Occidental Petroleum stock hits 52-week high at $66.19

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Occidental Petroleum (OXY) stock has reached a new 52-week high of $66.19, showing a year-to-date return of 59.6% and a 12-month gain of 36.7%. Despite this strong performance, InvestingPro analysis indicates the stock is currently overvalued. Recent developments include potential CEO Vicki Hollub’s retirement, varying analyst ratings from Truist Securities (Hold), Wells Fargo (Overweight), and Piper Sandler (Overweight), and a recent dip in energy stocks following oil price declines.

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