Occidental Petroleum Corp (NYSE:OXY)’s traded shares stood at 3.54 million during the latest session, with the company’s beta value hitting 1.61. At the last check today, the stock’s price was $51.39, to imply an increase of 0.53% or $0.27 in intraday trading. The OXY share’s 52-week high remains $71.18, putting it -38.51% down since that peak but still an impressive 5.78% since price per share fell to its 52-week low of $48.42. The company has a valuation of $46.54B, with an average of 13.52 million shares in intraday trading volume over the past 10 days and average of 12.34 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 2.44. 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 0.93.
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Occidental Petroleum Corp (NYSE:OXY) trade information
After registering a 0.53% 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 0.35%, and 0.26% over 30 days. With these gigs, the year-to-date price performance is -13.93%. Short interest in Occidental Petroleum Corp (NYSE:OXY) saw shorts transact 33.27 million shares and set a 2.75 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 -75.13% off suggested target high and 53.3% 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 underperformed competitors. Occidental Petroleum Corp (OXY) shares are -18.24% down over the last 6 months, with its year-to-date growth rate lower than industry average at -12.16% against -6.50%. Revenue is forecast to grow 25.54% this quarter before jumping 22.50% for the next one. The rating firms project that company’s revenue will shrink -5.01% compared to the previous financial year.
Revenue forecast for the current quarter as set by 6 analysts is 7.32B. Meanwhile, for the current quarter, a total of 7 analyst(s) estimate revenue growth to 6.88B.Earnings reports from the last fiscal year show that sales brought in 7.53B and 6.01B respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -2.78% before jumping 14.53% 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 -9.05% return in earnings, projections for the next 5 years are at 14.00% 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 1.63% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 3.96%.
Occidental Petroleum Corp (NYSE:OXY)’s Major holders
Occidental Petroleum Corp insiders hold 27.47% of total outstanding shares, with institutional holders owning 49.58% of the shares at 68.35% float percentage. In total, 49.58% 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.
