Occidental Petroleum Corp. (OXY): These Numbers Show Where NYSE:OXY Stock Is Going Next

Occidental Petroleum Corp. (NYSE: OXY) is -3.75% lower on its value in year-to-date trading and has touched a low of $55.12 and a high of $67.67 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The OXY stock was last observed hovering at around $58.05 in the last trading session, with the day’s loss setting it -0.58%.

Currently trading at $57.47, the stock is 0.18% and -1.30% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.11 million and changing -1.00% at the moment leaves the stock -5.25% off its SMA200. OXY registered -10.10% loss for a year compared to 6-month loss of -9.82%. The firm has a 50-day simple moving average (SMA 50) of $2.69 and a 200-day simple moving average (SMA200) of $5.19.

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The stock witnessed a 1.18% gain in the last 1 month and extending the period to 3 months gives it a -6.02%, and is 0.75% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.87% over the week and 1.72% over the month.

Occidental Petroleum Corp. (OXY) has around Mar 07 2024 employees, a market worth around $50.43B and $29.30B in sales. Current P/E ratio is 12.59 and Fwd P/E is 14.82. Profit margin for the company is 15.18%. Distance from 52-week low is 4.26% and -15.07% from its 52-week high. The company has generated returns on investments over the last 12 months (9.17%).

Occidental Petroleum Corp. quarterly earnings per share for the current quarter are estimated at $0.71 with sales reaching $6.95B over the same period.The EPS is expected to shrink by -60.48% this year, but quarterly earnings will post -23.90% year-over-year. Quarterly sales are estimated to shrink -16.50% in year-over-year returns.

Occidental Petroleum Corp. (OXY) Top Institutional Holders

1,549 institutions hold shares in Occidental Petroleum Corp. (OXY), with institutional investors hold 75.67% of the company’s shares. The shares outstanding are 899.86M, and float is at 875.34M with Short Float at 5.95%. Institutions hold 54.07% of the Float.

The top institutional shareholder in the company is Berkshire Hathaway, Inc with over 224.13 million shares valued at $13.18 billion. The investor’s holdings represent 25.33% of the OXY Shares outstanding. As of Jun 29, 2023, the second largest holder is Dodge & Cox Inc with 91.3 million shares valued at $5.37 billion to account for 10.32% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 60.05 million shares representing 6.79% and valued at over $3.53 billion, while State Street Corporation holds 5.02% of the shares totaling 44.38 million with a market value of $2.61 billion.

Occidental Petroleum Corp. (OXY) Insider Activity

A total of 4 insider transactions have happened at Occidental Petroleum Corp. (OXY) in the last six months, with sales accounting for 1 and purchases happening 3 times. The most recent transaction is an insider purchase by BERKSHIRE HATHAWAY INC ,the company’s10% Owner. SEC filings show that BERKSHIRE HATHAWAY INC bought 1,405,827 shares of the company’s common stock on Feb 05 at a price of $56.81 per share for a total of $79.86 million. Following the purchase, the insider now owns 248.02 million shares.

Occidental Petroleum Corp. disclosed in a document filed with the SEC on Feb 02 that BERKSHIRE HATHAWAY INC (10% Owner) bought a total of 1,246,920 shares of the company’s common stock. The trade occurred on Feb 02 and was made at $57.14 per share for $71.25 million. Following the transaction, the insider now directly holds 246.61 million shares of the OXY stock.

Still, SEC filings show that on Feb 01, BERKSHIRE HATHAWAY INC (10% Owner) acquired 1,649,577 shares at an average price of $57.45 for $94.77 million. The insider now directly holds 245,365,381 shares of Occidental Petroleum Corp. (OXY).

Occidental Petroleum Corp. (OXY): Who are the competitors?

The company’s main competitors (and peers) include Chevron Corp. (CVX) that is trading -11.68% down over the past 12 months. EOG Resources Inc. (EOG) that is -16.68% lower over the same period.