Occidental Petroleum Corp (NYSE: OXY) is -23.50% lower on its value in year-to-date trading and has touched a low of $34.78 and a high of $69.44 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 $37.90 in the last trading session, with the day’s loss setting it -0.1%.
Currently trading at $37.80, the stock is -14.69% and -18.56% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.33 million and changing -0.26% at the moment leaves the stock -26.78% off its SMA200. OXY registered -45.23% loss for a year compared to 6-month loss of -30.97%. The firm has a 50-day simple moving average (SMA 50) of $46.416 and a 200-day simple moving average (SMA200) of $51.6245.
The stock witnessed a -20.02% gain in the last 1 month and extending the period to 3 months gives it a -27.42%, and is 4.68% 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 7.61% over the week and 4.73% over the month.
Occidental Petroleum Corp (OXY) has around 13323 employees, a market worth around $35.52B and $27.10B in sales. Current P/E ratio is 15.43 and Fwd P/E is 10.98. Profit margin for the company is 8.72%. Distance from 52-week low is 8.67% and -45.56% from its 52-week high. The company has generated returns on investments over the last 12 months (3.95%).
with sales reaching $6.9B over the same period.The EPS is expected to shrink by -18.28% this year, but quarterly earnings will post 3.08% year-over-year. Quarterly sales are estimated to grow 14.89% in year-over-year returns.
Occidental Petroleum Corp (OXY) Top Institutional Holders
1569.0 institutions hold shares in Occidental Petroleum Corp (OXY), with institutional investors hold 69.11% of the company’s shares. The shares outstanding are 938.46M, and float is at 935.72M with Short Float at 4.99%. Institutions hold 49.41% 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 28.5614% 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 8.7672 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 4.6871 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 763,017 shares of the company’s common stock on Feb 07 ’25 at a price of $46.82 per share for a total of $35.72 million. Following the purchase, the insider now owns 264.94 million shares.
Occidental Petroleum Corp disclosed in a document filed with the SEC on Dec 19 ’24 that BERKSHIRE HATHAWAY INC (10% Owner) bought a total of 3,614,015 shares of the company’s common stock. The trade occurred on Dec 19 ’24 and was made at $45.60 per share for $164.79 million. Following the transaction, the insider now directly holds 264.18 million shares of the OXY stock.
Still, SEC filings show that on Dec 18 ’24, BERKSHIRE HATHAWAY INC (10% Owner) acquired 2,805,513 shares at an average price of $46.26 for $129.78 million. The insider now directly holds 260,564,399 shares of Occidental Petroleum Corp (OXY).
