In recent trading session, Occidental Petroleum Corporation (NYSE:OXY) saw 5.38 million shares changing hands at last check today with its beta currently measuring 2.31. Company’s recent per share price level of $34.88 trading at $0.73 or 2.15% at last check today assigns it a market valuation of $31.46B. That most recent trading price of OXY’s stock is at a discount of -2.49% from its 52-week high price of $35.75 and is indicating a premium of 44.21% from its 52-week low price of $19.46. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 17.25 million shares which gives us an average trading volume of 15.16 million if we extend that period to 3-months.
For Occidental Petroleum Corporation (OXY), analysts’ consensus is at an average recommendation of an Overweight while assigning it a mean rating of 2.50. Splitting up the data highlights that, out of 28 analysts covering the stock, 3 rated the stock as a Sell while 1 recommended an Overweight rating for the stock. 12 suggested the stock as a Hold whereas 12 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $1.09 in the current quarter.
Occidental Petroleum Corporation (NYSE:OXY) trade information
Upright in the green today for gaining 2.15%, in the last five days OXY remained trading in the green while hitting it’s week-highest on Wednesday, 01/12/22 when the stock touched $34.88 price level, adding 1.52% to its value on the day. Occidental Petroleum Corporation’s shares saw a change of 17.80% in year-to-date performance and have moved 4.24% in past 5-day. Occidental Petroleum Corporation (NYSE:OXY) showed a performance of 18.82% in past 30-days. Number of shares sold short was 33.83 million shares which calculate 2.26 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $41.71 to the stock, which implies a rise of 16.37% to its recent value today. Analysts have been projecting $24.00 as a low price target for the stock while placing it at a high target of $56.00. It follows that stock’s current price would drop -60.55% in reaching the projected high whereas dropping to the targeted low would mean a gain of 31.19% for stock’s current value.
Occidental Petroleum Corporation (OXY) estimates and forecasts
Statistics highlight that Occidental Petroleum Corporation is scoring comparatively higher than the scores of other players of the relevant industry. The company added 31.65% of value to its shares in past 6 months, showing an annual growth rate of 155.75% while that of industry is -23.30. Apart from that, the company came raising its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to increase by 239.70% in the current quarter and calculating 706.70% increase in the next quarter. This year revenue growth is estimated to rise 58.00% from the last financial year’s standing.
9 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $7.32 billion for the same. And 8 analysts are in estimates of company making revenue of $7.03 billion in the next quarter that will end on Mar 2022.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -8.00% during past 5 years. In 2022, company’s earnings growth rate is likely to be around 155.00% while estimates for its earnings growth in next 5 years are of 37.40%.
Occidental Petroleum Corporation is more likely to be releasing its next quarterly report between February 21 and February 25 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 0.12%, the share has a forward dividend of 0.04 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 6.24%.
Occidental Petroleum Corporation (NYSE:OXY)’s Major holders
Insiders are in possession of 0.21% of company’s total shares while institution are holding 70.84 percent of that, with stock having share float percentage of 70.99%. Investors also watch the number of corporate investors in a company very closely, which is 70.84% institutions for Occidental Petroleum Corporation that are currently holding shares of the company. Dodge & Cox Inc is the top institutional holder at OXY for having 115.3 million shares of worth $3.41 billion. And as of Sep 29, 2021, it was holding 12.35% of the company’s outstanding shares.
The second largest institutional holder is Vanguard Group, Inc. (The), which was holding about 97.59 million shares on Sep 29, 2021. The number of shares represents firm’s hold over 10.45% of outstanding shares, having a total worth of $2.89 billion.
On the other hand, Dodge & Cox Stock Fund and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Sep 29, 2021, the former fund manager was holding 70.45 million shares of worth $2.08 billion or 7.54% of the total outstanding shares. The later fund manager was in possession of 25.06 million shares on Sep 29, 2021, making its stake of worth around $741.14 million in the company or a holder of 2.68% of company’s stock.