Occidental Petroleum Corp. (NYSE: OXY) is -16.13% 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 $50.63 in the last trading session, with the day’s loss setting it -0.55%.
Currently trading at $50.08, the stock is -5.19% and -5.85% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.39 million and changing -1.09% at the moment leaves the stock -15.97% off its SMA200. OXY registered -19.52% loss for a year compared to 6-month loss of -24.28%. The firm has a 50-day simple moving average (SMA 50) of $53.1896 and a 200-day simple moving average (SMA200) of $59.5946.
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The stock witnessed a -2.83% gain in the last 1 month and extending the period to 3 months gives it a -17.66%, and is -3.88% 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 1.35% over the week and 1.98% over the month.
Occidental Petroleum Corp. (OXY) has around 12570 employees, a market worth around $45.35B and $27.70B in sales. Current P/E ratio is 12.35 and Fwd P/E is 14.50. Profit margin for the company is 13.98%. Distance from 52-week low is 0.66% and -29.65% from its 52-week high. The company has generated returns on investments over the last 12 months (7.57%).
with sales reaching $7.26B over the same period.The EPS is expected to shrink by -12.37% this year, but quarterly earnings will post -4.60% year-over-year. Quarterly sales are estimated to grow 0.80% in year-over-year returns.
Occidental Petroleum Corp. (OXY) Top Institutional Holders
1562.0 institutions hold shares in Occidental Petroleum Corp. (OXY), with institutional investors hold 69.39% 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 50.27% 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).
