Occidental Petroleum Corp. (NYSE:OXY) saw an upside of 0.43% to close Monday at $63.16 after adding $0.27 on the day. The 5-day average trading volume is 7,706,600 shares of the company’s common stock. It has gained $67.21 in the past week and touched a new high 1 time within the past 5 days. An average of 8,976,705 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 8,766,538.
OXY’s 1-month performance is 2.95% or $1.32 on its low of $61.74 reached on 08/29/23. The company’s shares have touched a 52-week low of $55.51 and high of $76.11, with the stock’s rally to the 52-week high happening on 01/27/23. YTD, OXY has achieved 0.27% or $0.17 and has reached a new high 7 times. However, the current price is down -17.01% from the 52-week high price.
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Insider Transactions
OXY stock investors last saw insider trading activity on Sep 12.OCCIDENTAL PETROLEUM CORP /DE/ (10% Owner) most recently sold 5,100,000 shares at $25.00 per share on Sep 12. This transaction cost the insider $127,500,000. 10% Owner, OCCIDENTAL PETROLEUM CORP /DE/, sold 5,100,000 shares at a price of $25.00 on Sep 12.
Valuation Metrics
OXY stock has a beta of 1.77. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.78 while the price-to-book (PB) in the most recent quarter is 2.73, with the price to cash flow ratio at 6.65.
Occidental Petroleum Corp.’s quick ratio for the period ended June 29 was 0.73, with the current ratio over the same period at 1.00. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.70, while the total debt to equity was 0.72. In terms of profitability, the gross margin trailing 12 months is 40.03%. The trailing 12-month EBITDA margin is 55.98% while for the period ending June 29, Occidental Petroleum Corp.’s operating margin was 29.26%. The firm’s gross profit as reported stood at $24.57 billion against revenue of $36.63 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -336.63% to $860.0 million, while revenue of $1.26 billion was -46.86% off the previous quarter. Analysts expected OXY to announce $0.72 per share in earnings in its latest quarter, but it posted $0.68, representing a -5.60% surprise. EBITDA for the quarter stood at more than $3.29 billion. OXY stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 42.09 billion, with total debt at $20.69 billion. Shareholders hold equity totaling $884.68 million.
Let’s look briefly at Occidental Petroleum Corp. (OXY) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 25 September was 41.16% to suggest the stock is trending Neutral, with historical volatility in this time period at 20.87%.
The stock’s 5-day moving average is $63.73, reflecting a -4.76% or -$3.16 change from its current price. OXY is currently trading +2.13% above its 20-day SMA, +5.20% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +6.37% and SMA200 by-1.53%.
Stochastic %K and %D was 6.50% and 18.32% and the average true range (ATR) pointed at 1.47. The RSI (14) points at 45.67%, while the 14-day stochastic is at 12.27% with the period’s ATR at 1.48. The stock’s 9-day MACD Oscillator is pointing at -2.10 and -2.16 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Occidental Petroleum Corp. (NYSE: OXY), Stephens launched coverage with an Overweight rating. 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 17 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 10 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 $59.00 and a high of $85.00, with their median price target at $68.00. Looking at these predictions, the average price target given by analysts is for Occidental Petroleum Corp. (OXY) stock is $69.28.
