In the latest trading session, 1.39 million Occidental Petroleum Corp (NYSE:OXY) shares changed hands as the company’s beta touched 1.05. With the company’s most recent per share price at $48.01 changing hands around $0.36 or 0.75% at last look, the market valuation stands at $45.09B. OXY’s current price is a discount, trading about -48.26% off its 52-week high of $71.18. The share price had its 52-week low at $44.70, which suggests the last value was 6.89% up since then. When we look at Occidental Petroleum Corp’s average trading volume, we note the 10-day average is 11.57 million shares, with the 3-month average coming to 11.67 million.
Analysts gave the Occidental Petroleum Corp (OXY) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.57. If we narrow down to specifics, the data shows that 0 out of 17 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, 5 recommended OXY as a Hold, 11 felt it is a Buy and 0 rated the stock as Underweight. Occidental Petroleum Corp’s EPS for the current quarter is expected to be 0.74.
Occidental Petroleum Corp (NYSE:OXY) trade information
Instantly OXY is in green as seen in intraday trades today. With action 4.13%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -2.84%, with the 5-day performance at 4.13% in the green. However, in the 30-day time frame, Occidental Petroleum Corp (NYSE:OXY) is -1.71% down. Looking at the short shares, we see there were 37.91 million shares sold at short interest cover period of 3.38 days.
The consensus price target for the stock as assigned by Wall Street analysts is 58, meaning bulls need an upside of 17.22% from its recent market value. According to analyst projections, OXY’s forecast low is 51 with 77 as the target high. To hit the forecast high, the stock’s price needs a -60.38% plunge from its current level, while the stock would need to soar -6.23% for it to hit the projected low.
Occidental Petroleum Corp (OXY) estimates and forecasts
Year-over-year growth is forecast to reach 5.21% up from the last financial year.
Consensus estimates given by 7 financial analysts project the company’s revenue in the current quarter to hit an average of 6.92B. 7 analysts are of the opinion that Occidental Petroleum Corp’s revenue for the current quarter will be 7.03B. The company’s revenue for the corresponding quarters a year ago was 6.01B and 6.88B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 15.11%. The estimates for the next quarter sales put growth at 2.15%.
The 2025 estimates are for Occidental Petroleum Corp earnings to decrease by -1.33%, but the outlook for the next 5-year period is at 5.71% per year.
OXY Dividends
Occidental Petroleum Corp is expected to release its next quarterly earnings report on 2025-Feb-17. The 1.87% annual yield figure for the share gives it an annual dividend of 0.90. It is important to note, however, that the 1.87% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 3.53 per year.
Occidental Petroleum Corp (NYSE:OXY)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 28.54% of Occidental Petroleum Corp shares while 49.56% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 69.36%. There are 49.56% institutions holding the Occidental Petroleum Corp stock share, with BERKSHIRE HATHAWAY INC the top institutional holder. As of 2024-06-30, the company held 28.5614% of the shares, roughly 255.28 million OXY shares worth $16.09 billion.
DODGE & COX holds the second largest percentage of outstanding shares, with 8.7672% or 78.36 million shares worth $4.94 billion as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were Dodge & Cox Stock Fund and Vanguard Total Stock Market Index Fund. With 47.77 shares estimated at $2.29 billion under it, the former controlled 5.09% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 2.19% of the shares, roughly 20.58 shares worth around $987.13 million.
