Occidental Petroleum Corp. (NYSE:OXY)’s traded shares stood at 3.76 million during the latest session, with the company’s beta value hitting 1.60. At the last check today, the stock’s price was $54.26, to imply an increase of 1.53% or $0.82 in intraday trading. The OXY share’s 52-week high remains $71.18, putting it -31.18% down since that peak but still an impressive 8.31% since price per share fell to its 52-week low of $49.75. The company has a valuation of $49.14B, with an average of 16.18 million shares in intraday trading volume over the past 10 days and average of 10.90 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Occidental Petroleum Corp. (OXY), translating to a mean rating of 2.42. Of 17 analyst(s) looking at the stock, 0 analyst(s) give OXY a Sell rating. 1 of those analysts rate the stock as Overweight while 5 advise Hold as 11 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.87.
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Occidental Petroleum Corp. (NYSE:OXY) trade information
After registering a 1.53% upside in the latest session, Occidental Petroleum Corp. (OXY) has traded red over the past five days. The 5-day price performance for the stock is 8.72%, and -0.68% over 30 days. With these gigs, the year-to-date price performance is -9.13%. Short interest in Occidental Petroleum Corp. (NYSE:OXY) saw shorts transact 30.93 million shares and set a 2.46 days time to cover.
The extremes give us $24 and $90 for target low and target high price respectively. As such, OXY has been trading -65.87% off suggested target high and 55.77% from its likely low.
Occidental Petroleum Corp. (OXY) estimates and forecasts
Looking at statistics comparing Occidental Petroleum Corp. share performance against respective industry, we note that the company has outperformed competitors. Occidental Petroleum Corp. (OXY) shares are -19.77% down over the last 6 months, with its year-to-date growth rate higher than industry average at -5.68% against -7.70%. Revenue is forecast to shrink -26.30% this quarter before jumping 9.50% for the next one. The rating firms project that company’s revenue will shrink -4.00% compared to the previous financial year.
Revenue forecast for the current quarter as set by 10 analysts is 7.31B. Meanwhile, for the current quarter, a total of 10 analyst(s) estimate revenue growth to 7.38B.Earnings reports from the last fiscal year show that sales brought in 7.21B and 7.53B respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 1.50% before dropping -2.00% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -6.24% for the past 5-year period. While 2024 is set for a -7.22% return in earnings, projections for the next 5 years are at 4.10% annually.
OXY Dividends
Occidental Petroleum Corp. has its next earnings report out on 2024-Nov-12. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Occidental Petroleum Corp. has a forward dividend ratio of 0.84, with the share yield ticking at 1.55% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 4.06%.
Occidental Petroleum Corp. (NYSE:OXY)’s Major holders
Occidental Petroleum Corp. insiders hold 27.56% of total outstanding shares, with institutional holders owning 50.12% of the shares at 69.20% float percentage. In total, 50.12% institutions holds shares in the company, led by BERKSHIRE HATHAWAY INC. As of 2024-06-30, the company held over 255.28 million shares (or 28.8747% of shares), all amounting to roughly $16.09 billion.
The next major institution holding the largest number of shares is DODGE & COX with 78.36 million shares, or about 8.8634% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $4.94 billion.
We also have Dodge & Cox Stock Fund and Vanguard Total Stock Market Index Fund as the top two Mutual Funds with the largest holdings of the Occidental Petroleum Corp. (OXY) shares. Going by data provided on Jun 30, 2024, Dodge & Cox Stock Fund holds roughly 54.29 shares. This is just over 5.99% of the total shares, with a market valuation of $2.94 billion. Data from the same date shows that the other fund manager holds a little less at 19.62, or 2.17% of the shares, all valued at about 1.06 billion.
