Occidental Petroleum Corp (NYSE: OXY) is -3.68% 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 $46.37 in the last trading session, with the day’s gains setting it 1.22%.
Currently trading at $47.59, the stock is -5.18% and -3.62% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 10.94 million and changing 2.63% at the moment leaves the stock -14.60% off its SMA200. OXY registered -16.97% loss for a year compared to 6-month loss of -17.48%. The firm has a 50-day simple moving average (SMA 50) of $49.4342 and a 200-day simple moving average (SMA200) of $55.81675.
The stock witnessed a -4.46% gain in the last 1 month and extending the period to 3 months gives it a -5.03%, and is -2.88% 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 2.30% over the week and 2.22% over the month.
Occidental Petroleum Corp (OXY) has around 12570 employees, a market worth around $44.66B and $27.51B in sales. Current P/E ratio is 12.39 and Fwd P/E is 13.58. Profit margin for the company is 13.38%. Distance from 52-week low is 5.36% and -33.15% from its 52-week high. The company has generated returns on investments over the last 12 months (6.06%).
with sales reaching $7.14B over the same period.The EPS is expected to shrink by -10.00% this year, but quarterly earnings will post -5.71% year-over-year. Quarterly sales are estimated to shrink -5.21% in year-over-year returns.
Occidental Petroleum Corp (OXY) Top Institutional Holders
1542.0 institutions hold shares in Occidental Petroleum Corp (OXY), with institutional investors hold 71.23% of the company’s shares. The shares outstanding are 938.17M, and float is at 935.63M with Short Float at 4.12%. Institutions hold 50.99% 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).
