In last trading session, Occidental Petroleum Corp. (NYSE:OXY) saw 4.92 million shares changing hands with its beta currently measuring 1.65. Company’s recent per share price level of $63.81 trading at -$0.12 or -0.19% at ring of the bell on the day assigns it a market valuation of $56.12B. That closing price of OXY’s stock is at a discount of -6.05% from its 52-week high price of $67.67 and is indicating a premium of 13.62% from its 52-week low price of $55.12. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 7.05 million shares which gives us an average trading volume of 8.85 million if we extend that period to 3-months.
Occidental Petroleum Corp. (NYSE:OXY) trade information
Upright in the red during last session for losing -0.19%, in the last five days OXY remained trading in the green while hitting it’s week-highest on Thursday, 03/21/24 when the stock touched $63.81 price level, adding 0.76% to its value on the day. Occidental Petroleum Corp.’s shares saw a change of 6.87% in year-to-date performance and have moved 1.85% in past 5-day. Occidental Petroleum Corp. (NYSE:OXY) showed a performance of 5.42% in past 30-days. Number of shares sold short was 51.71 million shares which calculate 5.18 days to cover the short interests.
Occidental Petroleum Corp. (OXY) estimates and forecasts
Statistics highlight that Occidental Petroleum Corp. is scoring comparatively lower than the scores of other players of the relevant industry. The company added 2.00% of value to its shares in past 6 months, showing an annual growth rate of -3.78% while that of industry is 7.80. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to decrease by -45.90% in the current quarter and calculating 14.70% increase in the next quarter. This year revenue growth is estimated to rise 3.80% from the last financial year’s standing.
8 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $6.77 billion for the same. And 8 analysts are in estimates of company making revenue of $7.24 billion in the next quarter that will end on Jun 2024.
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 -6.24% during past 5 years. In 2024, company’s earnings growth rate is likely to be around -7.53% while estimates for its earnings growth in next 5 years are of 8.60%.
OXY Dividends
Occidental Petroleum Corp. is more likely to be releasing its next quarterly report between May 07 and May 13 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.
Occidental Petroleum Corp. (NYSE:OXY)’s Major holders
Insiders are in possession of 28.55% of company’s total shares while institution are holding 52.35 percent of that, with stock having share float percentage of 73.27%. Investors also watch the number of corporate investors in a company very closely, which is 52.35% institutions for Occidental Petroleum Corp. that are currently holding shares of the company. Berkshire Hathaway, Inc is the top institutional holder at OXY for having 243.72 million shares of worth $15.55 billion. And as of Dec 30, 2023, it was holding 27.71% of the company’s outstanding shares.
The second largest institutional holder is Dodge & Cox Inc, which was holding about 80.99 million shares on Dec 30, 2023. The number of shares represents firm’s hold over 9.21% of outstanding shares, having a total worth of $5.17 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 Dec 30, 2023, the former fund manager was holding 54.29 million shares of worth $3.46 billion or 6.17% of the total outstanding shares. The later fund manager was in possession of 20.72 million shares on Dec 30, 2023, making its stake of worth around $1.32 billion in the company or a holder of 2.36% of company’s stock.
