Insiders Have Traded Occidental Petroleum Corporation (OXY) Stock In What Way?

The stock of Occidental Petroleum Corporation (NYSE:OXY) increased by increased by $1.13 on Friday to finish at $33.93, up 3.45 percent. The last five days have seen an average of 16,882,721 shares of common stock traded. 19 times new highs were reached in the current year, with a gain of $16.62. The average number of shares traded over the last 20 days was 19,859,039, while the average volume over the last 50 days totaled 17,750,074.

OXY stock appreciated 21.35% since last month. On 09/23/21, the company’s shares reached a one-month low of $26.58. The stock touched a high of $34.57 on 10/11/21, after rallying from a low of $8.52 in 52 weeks. The price of OXY stock has risen by 96.01% or $16.62 this year, reaching a new high 19 times. Still, the stock price is down -1.85% from the 52-week high.


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Insider Transactions

There have been 77 days since Occidental Petroleum Corporation (OXY) last reported insider trading activity on Aug 09. On Aug 09, Director CHAZEN STEPHEN I acquired 20,000 shares at $25.76 each. This transaction resulted in the insider spending $515,200. On Apr 06, ICAHN CARL C sold 3,500,000 shares at a price of US$25.70. After the transaction, the insider now owns 73,627,271 shares. 10% Owner ICAHN CARL C had earlier sold 3,500,000 shares on Apr 05 for $25.60 a share. The transaction was completed for $89,600,000.

Valuation Metrics

The PE ratio of Occidental Petroleum Corporation has varied between 501.46 and 8.343 in the last five years. Beta for the stock is 2.36. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.56, the price-to-book (PB) ratio of 3.74, and the price-to-cash flow ratio of 6.79.

Occidental Petroleum Corporation’s dividend is $0.04 per share per year. On Oct. 15, the company paid $0.01 per share in dividends, remained unchanged from $0.01 last year. A $0.78 dividend decrease was reported on Monday June 1 2020, making it the 1 consecutive year the dividend has increased. Over the last three years, dividends have increased by -73.20%.

For the three months ended June 29, Occidental Petroleum Corporation’s quick ratio was 1.10, while its current ratio was 1.30, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 4.17, and the total debt to equity ratio is 4.24. As far as profitability goes, gross margin for the trailing twelve months is 56.70% percent. Occidental Petroleum Corporation’s EBITDA margin for the year ended June 29 was 36.26%, whereas its operating margin stood at -14.90% for the same period. Based on annual data, it had gross profit of $9.34 billion and revenue of $17.81 billion.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. OXY’s return on assets (ROA) during the last 12 months has been -6.80%. There was a -23.10% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -61.60%. ROE has averaged 12.45 in the past year for the broader industry.

Earnings Surprise

According to Occidental Petroleum Corporation’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $5.96 billion, while revenues rose by 50.86% to $5.29 billion. It was predicted that Occidental Petroleum Corporation’s quarterly earnings would be $0.32, but it ended up being $0.03, beating the consensus by 966.70%. EBITDA was $3.17 billion for the quarter. At the end of Occidental Petroleum Corporation’s most recent quarter ended June 29, its liabilities totaled 61.69 billion, while its total debt was $38.45 billion. Equity owned by shareholders amounts to $933.74 million.

Technical Picture

Here’s a quick look at Occidental Petroleum Corporation’s (OXY) price momentum from a technical perspective. As of 22 October, the RSI 9-day stood at 67.83%, suggesting the stock is Neutral, with a 33.15% historical volatility rate.

The stochastic %K and %D were 67.35% and 67.34% respectively, while the average true range (ATR) was 1.34. Based on the 14-day stochastic reading of 80.66%, the RSI (14) reading is 66.35%. On the 9-day MACD Oscillator, the stock is at 0.60, and the 14-day reading is at 0.57.

Analyst Ratings

In its most recent analyst report, Truist raised its rating on Occidental Petroleum Corporation (NYSE: OXY) to a Buy. Prior to this, analysts firm rated the stock as a Hold. Analysts have assigned Occidental Petroleum Corporation (OXY) an Overweight rating. OXY is a stock that is recommended for selling by 3 brokerage firms, while 13 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 13 others recommend it as a buy.

What is OXY’s price target for the next 12 months?

The current consensus forecast for the stock is between $24.00 and $50.00, with a median target price of $39.00. In analyzing these forecasts, the average price target given by analysts for Occidental Petroleum Corporation (OXY) is $38.44.

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