Occidental Petroleum Corporation (NYSE:OXY) has a beta value of 1.94 and has seen 11,816,163 shares traded in the recent trading session. The company, currently valued at $16.12 Billion, closed the recent trade at $17.59 per share which meant it lost -$0.1 on the day or -0.59% during that session. The OXY stock price is -207.28% off its 52-week high price of $54.05 and 48.83% above the 52-week low of $9. If we look at the company’s 10-day average daily trading volume, we find that it stood at 36.95 Million shares traded. The 3-month trading volume is 47.62 Million shares.
Occidental Petroleum Corporation (NYSE:OXY) trade information
Despite being -0.37% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, Jun 23 when the OXY stock price touched $20.52- or saw a rise of 14.57%. Year-to-date, Occidental Petroleum Corporation shares have moved -57.46%, while the 5-day performance has seen it change -11.95%. Over the past 30 days, the shares of Occidental Petroleum Corporation (NYSE:OXY) have changed 35.37%. Short interest in the company has seen 52.98 Million shares shorted with days to cover at 1.11.
Occidental Petroleum Corporation (OXY) estimates and forecasts
Figures show that Occidental Petroleum Corporation shares have underperformed across the wider relevant industry. The company’s shares have lost -55.94% over the past 6 months, with this year growth rate of -340.69%, compared to -3.3% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are -274.2% and -1018.2% for the next quarter. Revenue growth from the last financial year stood is estimated to be -10.9%.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -45.4% over the past 5 years. Earnings growth for 2020 is a modest -122.4% while over the next 5 years, the company’s earnings are expected to increase by -14.44%.
Occidental Petroleum Corporation is expected to release its next earnings report between July 29 and August 03 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.04 at a share yield of 0.23%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 5.81%.
Occidental Petroleum Corporation (NYSE:OXY)’s Major holders
Insiders own 0.17% of the company shares, while shares held by institutions stand at 84.51% with a share float percentage of 84.65%. Investors are also buoyed by the number of investors in a company, with Occidental Petroleum Corporation having a total of 1269 institutions that hold shares in the company. The top two institutional holders are Dodge & Cox Inc with over 117.86 Million shares worth more than $1.36 Billion. As of March 30, 2020, Dodge & Cox Inc held 13.1% of shares outstanding.
The other major institutional holder is Icahn, Carl, C., with the holding of over 88.63 Million shares as of March 30, 2020. The firm’s total holdings are worth over $1.03 Billion and represent 9.85% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Dodge & Cox Stock Fund and Vanguard Total Stock Market Index Fund. As of March 30, 2020, the former fund manager holds about 7.9% shares in the company for having 71083126 shares of worth $823.14 Million while later fund manager owns 26.21 Million shares of worth $303.56 Million as of March 30, 2020, which makes it owner of about 2.91% of company’s outstanding stock.