Why Occidental Petroleum, Devon Energy, and Core Laboratories Plunged Today

·5 min read

Shares of Occidental Petroleum (NYSE: OXY), Devon Energy (NYSE: DVN), and Core Laboratories (NYSE: CLB) fell hard on Tuesday, plunging 4.2%, 7.1%, and 8.1%, respectively, as of 2:38 p.m. ET. There wasn't any company-specific news out of these three companies today, other than the fact that legendary investor Warren Buffett continues to buy Occidental, according to a filing released over the weekend. Additionally, Devon Energy saw its price target lowered today by a Wall Street analyst, though that analyst kept the same neutral rating on the stock.

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