Occidental Petroleum Corp. (NYSE: OXY) is 11.59% higher on its value in year-to-date trading and has touched a low of $55.12 and a high of $71.18 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The OXY stock was last observed hovering at around $66.04 in the last trading session, with the day’s gains setting it 0.59%.
Currently trading at $66.63, the stock is -0.16% and 5.75% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.79 million and changing 0.89% at the moment leaves the stock 7.97% off its SMA200. OXY registered 6.66% gain for a year compared to 6-month loss of 0.20%.
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The stock witnessed a 4.45% gain in the last 1 month and extending the period to 3 months gives it a 18.10%, and is -3.45% down 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 2.24% over the week and 2.00% over the month.
Occidental Petroleum Corp. (OXY) has around 12570 employees, a market worth around $59.07B and $28.33B in sales. Current P/E ratio is 17.07 and Fwd P/E is 14.54. Profit margin for the company is 13.24%. Distance from 52-week low is 20.88% and -6.40% from its 52-week high. The company has generated returns on investments over the last 12 months (7.57%).
The EPS is expected to shrink by -0.50% this year.
Occidental Petroleum Corp. (OXY) Top Institutional Holders
The shares outstanding are 886.47M, and float is at 883.57M with Short Float at 5.58%.
Occidental Petroleum Corp. (OXY) Insider Activity
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 ’24 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 ’24 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 ’24 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 ’24, 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).
