Occidental Petroleum Corp. (NYSE:OXY) has a beta value of 1.60 and has seen 9.98 million shares traded in the last trading session. The company, currently valued at $48.82B, closed the last trade at $53.91 per share which meant it lost -$0.85 on the day or -1.55% during that session. The OXY stock price is -32.03% off its 52-week high price of $71.18 and 7.72% above the 52-week low of $49.75. If we look at the company’s 10-day average daily trading volume, we find that it stood at 14.83 million shares traded. The 3-month trading volume is 11.59 million shares.
The consensus among analysts is that Occidental Petroleum Corp. (OXY) is Buy stock at the moment, with a recommendation rating of 2.42. 0 analysts rate the stock as a Sell, while 1 rate it as Overweight. 5 out of 17 have rated it as a Hold, with 11 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.83.
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Occidental Petroleum Corp. (NYSE:OXY) trade information
Sporting -1.55% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the OXY stock price touched $53.91 or saw a rise of 2.41%. Year-to-date, Occidental Petroleum Corp. shares have moved -9.71%, while the 5-day performance has seen it change -3.58%. Over the past 30 days, the shares of Occidental Petroleum Corp. (NYSE:OXY) have changed 5.60%. Short interest in the company has seen 33.78 million shares shorted with days to cover at 2.59.
Wall Street analysts have a consensus price target for the stock at $65.5, which means that the shares’ value could jump 17.69% from current levels. The projected low price target is $24.0 while the price target rests at a high of $90.0. In that case, then, we find that the current price level is -66.94% off the targeted high while a plunge would see the stock lose 55.48% from current levels.
Occidental Petroleum Corp. (OXY) estimates and forecasts
Figures show that Occidental Petroleum Corp. shares have outperformed across the wider relevant industry. The company’s shares have lost -21.12% over the past 6 months, with this year growth rate of -5.95%, compared to -7.70% for the industry. Revenue growth from the last financial year stood is estimated to be -4.10%.
10 analysts offering their estimates for the company have set an average revenue estimate of 7.31B for the current quarter. 10 have an estimated revenue figure of 7.38B for the next ending quarter. Year-ago sales stood 7.21B and 7.53B respectively for this quarter and the next, and analysts expect sales will grow by 1.40% for the current quarter and -4.10% for the next.
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 -6.24% over the past 5 years. Earnings growth for 2024 is a modest -9.74% while over the next 5 years, the company’s earnings are expected to increase by 11.00%.
OXY Dividends
Occidental Petroleum Corp. is expected to release its next earnings report in November this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.84 at a share yield of 1.56%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 4.06%.
Occidental Petroleum Corp. (NYSE:OXY)’s Major holders
Insiders own 27.56% of the company shares, while shares held by institutions stand at 50.08% with a share float percentage of 69.14%. Investors are also buoyed by the number of investors in a company, with Occidental Petroleum Corp. having a total of 1584.0 institutions that hold shares in the company. The top two institutional holders are BERKSHIRE HATHAWAY INC with over 255.28 million shares worth more than $16.09 billion. As of 2024-06-30, BERKSHIRE HATHAWAY INC held 28.8747% of shares outstanding.
The other major institutional holder is DODGE & COX, with the holding of over 78.36 million shares as of 2024-06-30. The firm’s total holdings are worth over $4.94 billion and represent 8.8634% 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 Jun 30, 2024 , the former fund manager holds about 5.99% shares in the company for having 54.29 shares of worth $2.93 billion while later fund manager owns 19.62 shares of worth $1.06 billion as of Jun 30, 2024 , which makes it owner of about 2.17% of company’s outstanding stock.
