Occidental Petroleum Corp (NYSE: OXY) is -19.33% lower on its value in year-to-date trading and has touched a low of $45.17 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 $47.84 in the last trading session, with the day’s gains setting it 0.28%.
Currently trading at $48.12, the stock is -0.29% and -3.50% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.79 million and changing 0.59% at the moment leaves the stock -16.71% off its SMA200. OXY registered -20.79% loss for a year compared to 6-month loss of -23.38%. The firm has a 50-day simple moving average (SMA 50) of $49.9818 and a 200-day simple moving average (SMA200) of $57.83855.
The stock witnessed a -7.24% gain in the last 1 month and extending the period to 3 months gives it a -5.77%, and is 3.46% 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 3.29% over the week and 2.34% over the month.
Occidental Petroleum Corp (OXY) has around 12570 employees, a market worth around $45.42B and $27.51B in sales. Current P/E ratio is 12.53 and Fwd P/E is 14.82. Profit margin for the company is 13.38%. Distance from 52-week low is 6.53% and -32.40% 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 -6.83% this year
1583.0 institutions hold shares in Occidental Petroleum Corp (OXY), with institutional investors hold 71.02% of the company’s shares. The shares outstanding are 938.17M, and float is at 935.62M with Short Float at 3.80%. Institutions hold 50.84% 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 purchase by BERKSHIRE HATHAWAY INC, the company’s 10% Owner. SEC filings show that BERKSHIRE HATHAWAY INC bought 3,614,015 shares of the company’s common stock on Dec 19 ’24 at a price of $45.60 per share for a total of $164.79 million. Following the purchase, the insider now owns 264.18 million shares.
Occidental Petroleum Corp disclosed in a document filed with the SEC on Dec 18 ’24 that BERKSHIRE HATHAWAY INC (10% Owner) bought a total of 2,805,513 shares of the company’s common stock. The trade occurred on Dec 18 ’24 and was made at $46.26 per share for $129.78 million. Following the transaction, the insider now directly holds 260.56 million shares of the OXY stock.
Still, SEC filings show that on Dec 17 ’24, BERKSHIRE HATHAWAY INC (10% Owner) acquired 2,477,362 shares at an average price of $46.25 for $114.59 million. The insider now directly holds 257,758,886 shares of Occidental Petroleum Corp (OXY).
