Occidental Petroleum Corp (NYSE: OXY) is -6.94% lower on its value in year-to-date trading and has touched a low of $34.78 and a high of $64.75 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 $45.33 in the last trading session, with the day’s gains setting it 0.65%.
Currently trading at $45.98, the stock is 7.52% and 11.56% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 15.82 million and changing 1.43% at the moment leaves the stock -3.80% off its SMA200. OXY registered -23.11% loss for a year compared to 6-month loss of -4.59%.
The stock witnessed a 6.83% gain in the last 1 month and extending the period to 3 months gives it a -3.50%, and is 4.71% 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 2.59% over the week and 1.71% over the month.
Occidental Petroleum Corp (OXY) has around 13323 employees, a market worth around $45.25B and $27.80B in sales. Current P/E ratio is 18.61 and Fwd P/E is 14.54. Profit margin for the company is 8.67%. Distance from 52-week low is 32.18% and -28.99% from its 52-week high. The company has generated returns on investments over the last 12 months (4.10%).
The EPS is expected to shrink by -29.90% this year.
Occidental Petroleum Corp (OXY) Top Institutional Holders
The shares outstanding are 984.13M, and float is at 980.41M with Short Float at 3.58%.
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 6.2753% 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).
