Occidental Petroleum Corporation (OXY): Find Out What Insiders Are Doing


Occidental Petroleum Corporation (NYSE:OXY) finished Thursday with a subtraction of -$0.8 to close at $61.88, a downside of -1.28 percent. An average of 27,266,641 shares of common stock have been traded in the last five days. There was a fall of -$3.21 in the past week, and it reached a new high 41 times over the past 12 months. The last 20 days have seen an average of 24,720,084 shares traded, while the 50-day average volume stands at 24,468,154.

OXY stock has decreased by -16.14% in the last month. The company shares reached their 1-month lowest point of $61.75 on 09/22/22. With the stock rallying to its 52-week high on 08/29/22, shares of the company touched a low of $26.05 and a high of $77.13 in 52 weeks. It has reached a new high 36 times so far this year and achieved 113.45% or $32.89 in price. In spite of this, the price is down -19.77% from the 52-week high.

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Insider Transactions

64 days have passed since Occidental Petroleum Corporation (OXY) last reported insider trading activity. OCCIDENTAL PETROLEUM CORP /DE/, who is 10% Owner, most recently acquired $10,000,000 shares at $25.25 per share on Jul 21. In this transaction, the insider spent $252,500,000. 10% Owner, OCCIDENTAL PETROLEUM CORP /DE/, disposed of 10,000,000 shares at a price of $25.25 on Jul 21. The insider now owns more than $252,500,000 worth of shares. Prior to that, VP, CAO and Controller Champion Christopher O went on to Sale 111,594 shares at $70.44 each on Jun 01. An amount of $7,860,331 was transacted.

Valuation Metrics

Occidental Petroleum Corporation (OXY) has a trailing price-to-earnings (P/E) ratio of 6.07. The stock’s beta is 1.86. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.72, the price-to-book (PB) ratio at 3.22, and the price-to-cash flow ratio at 5.38.

The company has a payout ratio of 2.60%. The company’s most recent quarterly dividend payment was $0.13 a share, without any change from last year. Its latest increase dividend $0.12 reported on Thursday February 24 2022.

Financial Health

The quick ratio of Occidental Petroleum Corporation for the three months ended June 29 was 0.90, and the current ratio was 1.10, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.20 and a total debt to equity ratio of 1.23 for the quarter ending June 29. Its gross profit as reported stood at $16.3 billion compared to revenue of $25.96 billion.

Earnings Surprise

For the three-month period that ended June 29, Occidental Petroleum Corporation had $21.74 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $3.75 billion in the quarter, while revenues of $4.68 billion were grew 102.58%. The analyst consensus anticipated Occidental Petroleum Corporation’s latest quarter earnings to come in at $3.02 per share, but it turned out to be $3.16, a 4.60% surprise. For the quarter, EBITDA amounted to $6.74 billion. Shareholders own equity worth $931.49 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Occidental Petroleum Corporation (OXY) price momentum. RSI 9-day as of the close on 22 September was 31.91%, suggesting the stock is Neutral, with historical volatility in this time frame at 29.47%.

As of today, OXY’s price is $63.59 -4.93% or -$3.21 from its 5-day moving average. OXY is currently trading -17.39% lower than its 20-day SMA and +12.33% higher than its 100-day SMA. However, the stock’s current price level is +6.67% above the SMA50 and +107.37% above the SMA200.

The stochastic %K and %D were 8.06% and 12.75%, respectively, and the average true range (ATR) was 2.60. With the 14-day stochastic at 1.42% and the average true range at 2.72, the RSI (14) stands at 39.07%. The stock has reached -1.76 on the 9-day MACD Oscillator while the 14-day reading was at -2.31.

Analyst Ratings

Citigroup downgraded Occidental Petroleum Corporation (NYSE: OXY) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for Occidental Petroleum Corporation (OXY) among analysts is Hold. According to current brokerage recommendations, 2 brokerage firms advise that investors sell OXY, while 16 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 7 others rate it as a “buy”.

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

Analysts predict a range of price targets between $59.00 and $110.00, with a median target of $74.00. Taking a look at these predictions, the average price target given by analysts for Occidental Petroleum Corporation (OXY) stock is $76.40.


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