Occidental Petroleum Corporation (NYSE:OXY) saw an upside of 3.54% to close Friday at $33.63 after adding $1.15 on the day. The 5-day average trading volume is 23,496,801 shares of the company’s common stock. It has gained $33.98 in the past week. An average of 20,858,654 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 17,185,342.
OXY’s 1-month performance is 34.14% or $8.72 on its low of $24.39 reached on 09/09/21. The company’s shares have touched a 52-week low of $8.52 and high of $33.50, with the stock’s rally to the 52-week high happening on 10/08/21. YTD, OXY has achieved 94.28% or $16.32. However, the current price is up 0.39%% from the 52-week high price.
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On Apr 06, 188 days have gone by since the last insider trading activity for Occidental Petroleum Corporation (OXY). ICAHN CARL C (10% Owner) most recently sold 3,500,000 shares at $25.70 per share on Apr 06. This transaction cost the insider $89,950,000. 10% Owner, ICAHN CARL C, sold 3,500,000 shares at a price of $25.60 on Apr 05. Then, on Apr 01, 10% Owner ICAHN CARL C sold 5,400,000 shares at a price of $27.28 per share. This transaction amounted to $147,312,000.
Occidental Petroleum Corporation (OXY) has a trailing price-to-earnings (P/E) ratio of 18.90 for the broader industry and 19.33 for the sector. The company’s PE ratio for the last five years has touched a high of 501.46 and a low of 8.343. OXY stock has a beta of 2.36. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.54 while the price-to-book (PB) in the most recent quarter is 3.70, with the price to cash flow ratio at 6.73.
Occidental Petroleum Corporation pays an annual dividend of $0.04 per share. Its dividend yield is 0.12%. OXY paid $0.01 a share compared with prior rate of $0.01, down 0.0% from last year’s. The company has boosted its dividend for the last 1 consecutive years with the latest dividend decrease of $0.78 reported on Monday June 1 2020. Measured over the last 3 years, the Dividend has been growing by -73.20% yearly.
It is projected that Occidental Petroleum Corporation’s next ex-dividend date will be on 10-Dec. OXY is expected to distribute $0.01 as its next dividend.
Occidental Petroleum Corporation’s quick ratio for the period ended June 29 was 1.10, with the current ratio over the same period at 1.30 meaning that OXY stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 4.17, while the total debt to equity was 4.24. In terms of profitability, the gross margin trailing 12 months is 56.70%. The trailing 12-month EBITDA margin is 36.26% while for the period ending June 29; Occidental Petroleum Corporation’s operating margin was -14.90%. The firm’s gross profit as reported stood at $9.34 billion against revenue of $17.81 billion.
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected OXY to announce $0.03 per share in earnings in its latest quarter, but it posted $0.32, representing a 966.70% surprise. EBITDA for the quarter stood at more than $3.17 billion. OXY stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 61.69 billion, with total debt at $38.45 billion. Shareholders hold equity totaling $933.74 million
Let’s look briefly at Occidental Petroleum Corporation (OXY) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 October was 76.89% to suggest the stock is trending Overbought, with historical volatility in this time period at 36.27%.
The stock’s 5-day moving average is $32.54, reflecting a +7.96% or $2.48 change from its current price. OXY is currently trading +34.63% above its 20-day SMA, +30.00% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +25.58% and +98.76% respectively.
Stochastic %K and %D was 88.98% and 88.35% and the average true range (ATR) pointed at 1.41. The RSI (14) points at 72.09%, while the 14-day stochastic is at 96.06% with the period’s ATR at 1.37. The stock’s 9-day MACD Oscillator is pointing at 1.22 and 2.58 on the 14-day charts.
In the most recent analyst report for Occidental Petroleum Corporation (NYSE: OXY), Evercore ISI upgraded it to an Outperform rating. They previously had an In-line rating on the stock. Analysts offering their rating for OXY stock have a consensus rating for the stock as Overweight. Currently, 3 brokerage advisors rate OXY as a “sell,”, while 14 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 12 have offered a “buy” rating.
What is OXY’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $24.00 and a high of $50.00, with their median price target at $35.00. Looking at these predictions, the average price target given by analysts is for Occidental Petroleum Corporation (OXY) stock is $36.00.