Occidental Petroleum Corp (NYSE: OXY) is -15.42% lower on its value in year-to-date trading and has touched a low of $48.42 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 $50.91 in the last trading session, with the day’s loss setting it -0.41%.
Currently trading at $50.50, the stock is -0.31% and -2.42% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.04 million and changing -0.81% at the moment leaves the stock -14.54% off its SMA200. OXY registered -17.16% loss for a year compared to 6-month loss of -20.28%. The firm has a 50-day simple moving average (SMA 50) of $51.77 and a 200-day simple moving average (SMA200) of $59.1233.
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The stock witnessed a -2.55% gain in the last 1 month and extending the period to 3 months gives it a -9.85%, and is 0.42% 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 3.33% over the week and 2.04% over the month.
Occidental Petroleum Corp (OXY) has around 12570 employees, a market worth around $47.39B and $27.51B in sales. Current P/E ratio is 13.15 and Fwd P/E is 14.47. Profit margin for the company is 13.38%. Distance from 52-week low is 4.30% and -29.06% from its 52-week high. The company has generated returns on investments over the last 12 months (6.06%).
The EPS is expected to shrink by -7.74% this year.
Occidental Petroleum Corp (OXY) Top Institutional Holders
1580.0 institutions hold shares in Occidental Petroleum Corp (OXY), with institutional investors hold 70.05% of the company’s shares. The shares outstanding are 938.34M, and float is at 935.46M with Short Float at 3.56%. Institutions hold 50.80% 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).
