As of Thursday close, Occidental Petroleum Corporation’s (NYSE:OXY) stock was up $0.32, moving up 0.57 percent to $56.09. The average number of shares traded per day over the past five days has been 39,587,719 shares. 1 time new highs have been achieved over the past 5 days, with a -$4.19 fall in that time frame. In the last twenty days, the average volume was 30,241,955, while in the previous 50 days, it was 28,798,535.
Since last month, OXY stock retreated -14.26%. Shares of the company fell to $54.30 on 06/22/22, the lowest level in the past month. A 52-week high of $74.04 was reached on 05/31/22 after having rallying from a 52-week low of $21.62. Since the beginning of this year, OXY’s stock price has risen by 93.48% or $27.10, and marked a new high 32 times. However, the stock has declined by -24.24% since its 52-week high.
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Occidental Petroleum Corporation (OXY) last reported insider trading activity 2 days ago on Jun 22. BERKSHIRE HATHAWAY INC, the 10% Owner of the company, purchased of 3,878,258 shares for $55.49 on Jun 22. It resulted in a $215,222,461 investment by the insider. BERKSHIRE HATHAWAY INC added 5,673,196 shares at an average price of $55.27 on Jun 17. The insider now owns 148,835,588 shares following the transaction. On Jun 01, VP, CAO and Controller Champion Christopher O sold 111,594 shares at $70.44 apiece. The transaction was valued at $7,860,331.
Right now, Occidental Petroleum Corporation (OXY) has a P/E ratio of about 8.50. The stock’s beta is 1.92. Besides these, the trailing price-to-sales (P/S) ratio of 1.84, the price-to-book (PB) ratio of 3.47, and the price-to-cash flow ratio of 5.70 may also be considered.
The latest dividend of $0.13 per share was paid out, remained unchanged from last year’s $0.13. On Thursday February 24 2022, a $0.12 dividend increase was announced.
In the three months ended March 30, Occidental Petroleum Corporation’s quick ratio stood at 1.00, while its current ratio was 1.20, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 1.71, and the total debt-to-equity ratio was 1.74. On the profitability front, the trailing twelve-month gross margin is 64.90% percent. In the year ended March 30, operating margins totaled 25.00%. Based on annual data, OXY earned $16.3 billion in gross profit and brought in $25.96 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 8.60%. Return on equity (ROE) for the past 12 months was 60.40%.
In Occidental Petroleum Corporation’s quarter-end financial report for March 30, it reported total debt of $25.86 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. OXY’s revenue rose 36.6% to $7.91 billion during the quarter, while net income inched up to $8.35 billion. While analysts expected Occidental Petroleum Corporation to report $2.03 quarterly earnings, the actual figure was $2.12 per share, beating the consensus estimate by 4.40%. During the quarter, the company generated $5.01 billion in EBITDA. The liabilities of Occidental Petroleum Corporation were 49.31 billion at the end of its most recent quarter ended March 30, and its total debt was $27.7 billion. The value of shareholders’ equity is $937.19 million.
This quick technical analysis looks at Occidental Petroleum Corporation’s (OXY) price momentum. With a historical volatility rate of 54.39%, the RSI 9-day stood at 32.67% on 23 June.
With respect to its five-day moving average, the current Occidental Petroleum Corporation price is down by -6.95% percent or -$4.19. At present, OXY shares trade -13.80% below its 20-day simple moving average and +49.29% percent above its 100-day simple moving average. However, the stock is currently trading approximately -3.16% below its SMA50 and +118.59% above its SMA200.
Stochastic coefficient K was 13.17% and Stochastic coefficient D was 12.16%, while ATR was 3.44. Given the Stochastic reading of 10.40% for the 14-day period, the RSI (14) reading has been calculated as 37.58%. As of today, the MACD Oscillator reading stands at -2.12, while the 14-day reading stands at -5.78.
Occidental Petroleum Corporation downgraded its rating on Occidental Petroleum Corporation (NYSE: OXY) to an In-line in a note to investors on June 07, 2022. The analysts firm previously had an Outperform rating on the stock.Occidental Petroleum Corporation (OXY) has been rated Overweight by analysts. According to 2 brokerage firms, OXY is a sell, and 11 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 2 analysts rate Occidental Petroleum Corporation stock as buy, with 11 recommending it as overweight.
With a median target price of $75.00, the current consensus forecast for the stock is $52.00 – $110.00. Based on these forecasts, analysts predict Occidental Petroleum Corporation (OXY) will achieve an average price target of $76.96.