Occidental Petroleum Corporation (NYSE:OXY) saw a downside of -0.61% to close Monday at $66.50 after subtracting -$0.41 on the day. The 5-day average trading volume is 10,759,060 shares of the company’s common stock. It has gained $67.71 in the past week and touched a new high 4 times within the past 5 days. An average of 10,283,755 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 12,471,972.
OXY’s 1-month performance is 6.62% or $2.55 on its low of $59.70 reached on 01/04/23. The company’s shares have touched a 52-week low of $31.37 and high of $77.13, with the stock’s rally to the 52-week high happening on 01/23/23. YTD, OXY has achieved 5.57% or $3.51 and has reached a new high 6 times. However, the current price is down -13.78% from the 52-week high price.
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OXY stock investors last saw insider trading activity on Sep 28.OCCIDENTAL PETROLEUM CORP /DE/ (10% Owner) most recently sold 10,000,000 shares at $25.25 per share on Jul 21. This transaction cost the insider $252,500,000. 10% Owner, OCCIDENTAL PETROLEUM CORP /DE/, sold 10,000,000 shares at a price of $25.25 on Jul 21. Then, on Jun 01, VP, CAO and Controller Champion Christopher O sold 111,594 shares at a price of $70.44 per share. This transaction amounted to $7,860,331.
OXY stock has a beta of 1.83. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.63 while the price-to-book (PB) in the most recent quarter is 3.23, with the price to cash flow ratio at 5.32.
Occidental Petroleum Corporation’s quick ratio for the period ended September 29 was 0.90, with the current ratio over the same period at 1.10. As well, the company’s long term debt to equity for the quarter ending September 29 was 1.08, while the total debt to equity was 1.11. In terms of profitability, the gross margin trailing 12 months is 67.70%. The firm’s gross profit as reported stood at $16.3 billion against revenue of $25.96 billion.
For the quarterly period ending September 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 77.13% to $2.75 billion, while revenue of $3.75 billion was -36.74% off the previous quarter. Analysts expected OXY to announce $2.46 per share in earnings in its latest quarter, but it posted $2.44, representing a -0.80% surprise. EBITDA for the quarter stood at more than $5.64 billion. OXY stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 43.42 billion, with total debt at $21.67 billion. Shareholders hold equity totaling $908.91 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 23 January was 63.61% to suggest the stock is trending Neutral, with historical volatility in this time period at 19.51%.
The stock’s 5-day moving average is $65.64, reflecting a +1.82% or $1.19 change from its current price. OXY is currently trading +4.35% above its 20-day SMA, -11.64% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -11.13% and SMA200 by+19.35%.
Stochastic %K and %D was 87.81% and 80.50% and the average true range (ATR) pointed at 1.93. The RSI (14) points at 57.51%, while the 14-day stochastic is at 84.89% with the period’s ATR at 2.01. The stock’s 9-day MACD Oscillator is pointing at 1.08 and 2.09 on the 14-day charts.
Analysts offering their rating for OXY stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate OXY as a “sell,”, while 16 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 2 rates the stock as overweight while 9 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 $60.00 and a high of $100.00, with their median price target at $74.00. Looking at these predictions, the average price target given by analysts is for Occidental Petroleum Corporation (OXY) stock is $76.38.