Occidental Petroleum Corp. (NYSE: OXY) is -12.24% lower on its value in year-to-date trading and has touched a low of $49.90 and a high of $71.18 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 $52.24 in the last trading session, with the day’s gains setting it 0.16%.
Currently trading at $52.40, the stock is -1.90% and -7.76% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.17 million and changing 0.31% at the moment leaves the stock -13.24% off its SMA200. OXY registered -16.68% loss for a year compared to 6-month loss of -18.82%. The firm has a 50-day simple moving average (SMA 50) of $56.619 and a 200-day simple moving average (SMA200) of $60.3747.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a -8.46% gain in the last 1 month and extending the period to 3 months gives it a -16.96%, and is 0.65% 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 1.85% over the week and 2.07% over the month.
Occidental Petroleum Corp. (OXY) has around 12570 employees, a market worth around $47.45B and $27.70B in sales. Current P/E ratio is 12.92 and Fwd P/E is 12.90. Profit margin for the company is 13.98%. Distance from 52-week low is 5.00% and -26.39% from its 52-week high. The company has generated returns on investments over the last 12 months (7.57%).
with sales reaching $7.32B over the same period.The EPS is expected to shrink by -3.70% this year, but quarterly earnings will post -3.80% year-over-year. Quarterly sales are estimated to grow 1.60% in year-over-year returns.
Occidental Petroleum Corp. (OXY) Top Institutional Holders
1615.0 institutions hold shares in Occidental Petroleum Corp. (OXY), with institutional investors hold 69.23% of the company’s shares. The shares outstanding are 905.62M, and float is at 903.02M with Short Float at 3.52%. Institutions hold 50.15% of the Float.
The top institutional shareholder in the company is BERKSHIRE HATHAWAY INC with over 255.28 million shares valued at $16.09 billion. The investor’s holdings represent 28.8747% of the OXY Shares outstanding. As of 2024-06-30, the second largest holder is DODGE & COX with 78.36 million shares valued at $4.94 billion to account for 8.8634 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 56.09 million shares representing 6.3442% and valued at over $3.54 billion, while STATE STREET CORP holds 4.7385 of the shares totaling 41.89 million with a market value of $2.65 billion.
Occidental Petroleum Corp. (OXY) Insider Activity
The most recent transaction is an insider sale by OCCIDENTAL PETROLEUM CORP /DE/, the company’s 10% Owner. SEC filings show that OCCIDENTAL PETROLEUM CORP /DE/ sold 19,500,000 shares of the company’s common stock on Aug 14 ’24 at a price of $35.75 per share for a total of $697.12 million. Following the sale, the insider now owns 165.68 million shares.
Occidental Petroleum Corp. disclosed in a document filed with the SEC on Aug 14 ’24 that OCCIDENTAL PETROLEUM CORP /DE/ (10% Owner) sold a total of 19,500,000 shares of the company’s common stock. The trade occurred on Aug 14 ’24 and was made at $35.75 per share for $697.12 million. Following the transaction, the insider now directly holds 165.68 million shares of the OXY stock.
Still, SEC filings show that on Jun 13 ’24, BERKSHIRE HATHAWAY INC (10% Owner) acquired 1,552,497 shares at an average price of $59.77 for $92.79 million. The insider now directly holds 253,886,410 shares of Occidental Petroleum Corp. (OXY).
