In recent trading session, Occidental Petroleum Corp. (NYSE:OXY) saw 2.72 million shares changing hands at last check today with its beta currently measuring 1.60. Company’s recent per share price level of $50.58 trading at $0.67 or 1.34% at last check today assigns it a market valuation of $45.81B. That most recent trading price of OXY’s stock is at a discount of -40.73% from its 52-week high price of $71.18 and is indicating a premium of 1.64% from its 52-week low price of $49.75. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 11.79 million shares which gives us an average trading volume of 9.93 million if we extend that period to 3-months.
For Occidental Petroleum Corp. (OXY), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.40. Splitting up the data highlights that, out of 17 analysts covering the stock, 0 rated the stock as a Sell while 1 recommended an Overweight rating for the stock. 5 suggested the stock as a Hold whereas 11 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.93 in the current quarter.
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Occidental Petroleum Corp. (NYSE:OXY) trade information
Upright in the green today for gaining 1.34%, in the last five days OXY remained trading in the red while hitting it’s week-highest on Tuesday, 09/24/24 when the stock touched $50.58 price level, adding 4.76% to its value on the day. Occidental Petroleum Corp.’s shares saw a change of -15.29% in year-to-date performance and have moved -2.05% in past 5-day. Occidental Petroleum Corp. (NYSE:OXY) showed a performance of -10.92% in past 30-days. Number of shares sold short was 30.93 million shares which calculate 2.46 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 67 to the stock, which implies a rise of 24.51% to its recent value today. Analysts have been projecting 24 as a low price target for the stock while placing it at a high target of 90. It follows that stock’s current price would jump 52.55% in reaching the projected high whereas dropping to the targeted low would mean a gain of 52.55% for stock’s current value.
Occidental Petroleum Corp. (OXY) estimates and forecasts
Statistics highlight that Occidental Petroleum Corp. is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -22.17% of value to its shares in past 6 months, showing an annual growth rate of -3.51% while that of industry is -6.60. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -3.80% 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 7.32B for the same. And 9 analysts are in estimates of company making revenue of 7.4B in the next quarter. Company posted 7.21B and 7.53B of sales in current and next quarters respectively a year earlier.
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 -4.14% while estimates for its earnings growth in next 5 years are of 4.10%.
OXY Dividends
Occidental Petroleum Corp. is more likely to be releasing its next quarterly report on 2024-Nov-05 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 1.66%, the share has a forward dividend of 0.84 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 4.15%.
Occidental Petroleum Corp. (NYSE:OXY)’s Major holders
Insiders are in possession of 27.56% of company’s total shares while institution are holding 50.15 percent of that, with stock having share float percentage of 69.23%. Investors also watch the number of corporate investors in a company very closely, which is 50.15% 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 255.28 million shares of worth $16.09 billion. And as of 2024-06-30, it was holding 28.8747 of the company’s outstanding shares.
The second largest institutional holder is DODGE & COX, which was holding about 78.36 million shares on 2024-06-30. The number of shares represents firm’s hold over 8.8634 of outstanding shares, having a total worth of $4.94 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 Jun 30, 2024, the former fund manager was holding 54.29 shares of worth $2.75 billion or 5.99% of the total outstanding shares. The later fund manager was in possession of 19.62 shares on Jun 30, 2024, making its stake of worth around $993.78 million in the company or a holder of 2.17% of company’s stock.
