Occidental Petroleum Corp. (NYSE: OXY) is -12.74% lower on its value in year-to-date trading and has touched a low of $49.75 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 $51.82 in the last trading session, with the day’s gains setting it 0.28%.
Currently trading at $52.10, the stock is -1.54% and -3.22% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.67 million and changing 0.54% at the moment leaves the stock -12.82% off its SMA200. OXY registered -20.07% loss for a year compared to 6-month loss of -22.69%. The firm has a 50-day simple moving average (SMA 50) of $53.9722 and a 200-day simple moving average (SMA200) of $59.7926.
The stock witnessed a -0.27% gain in the last 1 month and extending the period to 3 months gives it a -13.27%, and is 1.05% 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 1.45% over the week and 2.21% over the month.
Occidental Petroleum Corp. (OXY) has around 12570 employees, a market worth around $47.18B and $27.70B in sales. Current P/E ratio is 12.85 and Fwd P/E is 15.28. Profit margin for the company is 13.98%. Distance from 52-week low is 4.72% and -26.81% 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 -12.63% this year.
Occidental Petroleum Corp. (OXY) Top Institutional Holders
1570.0 institutions hold shares in Occidental Petroleum Corp. (OXY), with institutional investors hold 69.30% of the company’s shares. The shares outstanding are 905.62M, and float is at 903.02M with Short Float at 3.74%. Institutions hold 50.20% 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).
