In today’s recent session, 4.44 million shares of the Occidental Petroleum Corp (NYSE:OXY) have been traded, and its beta is 1.06. Most recently the company’s share price was $50.20, and it changed around $1.19 or 2.44% from the last close, which brings the market valuation of the company to $47.18B. OXY at last check was trading at a discount to its 52-week high of $71.18, offering almost -41.79% off that amount. The share price’s 52-week low was $44.70, which indicates that the recent value has risen by an impressive 10.96% since then. We note from Occidental Petroleum Corp’s average daily trading volume that its 10-day average is 11.49 million shares, with the 3-month average coming to 11.36 million.
Occidental Petroleum Corp stock received a consensus recommendation rating of Hold, based on a mean score of 2.55. If we narrow it down even further, the data shows that 1 out of 30 analysts rate the stock as a Sell; another 6 rate it as Overweight. Among the rest, 17 recommended OXY as a Hold, whereas 5 deemed it a Buy, and 1 rated it as Underweight. Occidental Petroleum Corp is expected to report earnings per share of 0.73 for the current quarter.
Occidental Petroleum Corp (NYSE:OXY) trade information
Instantly OXY has been showing a green trend so far today with a performance of 2.44% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 50.47 on recent trading dayincreased the stock’s daily price by 0.53%. The company’s shares are currently up 1.61% year-to-date, but still up 4.68% over the last five days. On the other hand, Occidental Petroleum Corp (NYSE:OXY) is 2.69% up in the 30-day period. We can see from the shorts that 44.0 million shares have been sold at a short interest cover period of 3.25 day(s).
The consensus price target as assigned by Wall Street analysts is $58, which translates to bulls needing to increase their stock price by 13.45% from its current value. Analyst projections state that OXY is forecast to be at a low of $51 and a high of $77.
Occidental Petroleum Corp (OXY) estimates and forecasts
The year-over-year growth rate is expected to be 4.84%, up from the previous year.
Consensus estimates provided by 6 financial analysts predict the company will bring in an average of 6.97B in revenue for the current quarter. 6 analysts expect Occidental Petroleum Corp to make 7.04B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 6.01B and 6.88B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 15.96%. Forecasts for the next quarter put sales growth at 2.38%.
Occidental Petroleum Corp earnings are expected to increase by -3.60% in 2025, but the outlook is positive 5.44% per year for the next five years.
OXY Dividends
Occidental Petroleum Corp’s next quarterly earnings report is expected to be released on 2025-Feb-17. The annual dividend yield of the stock is 1.79 percent and its annual dividend per share was 0.90. It is important to note, however, that the 1.79% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 3.53 per year.
Occidental Petroleum Corp (NYSE:OXY)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 28.51% of Occidental Petroleum Corp shares, and 49.50% of them are in the hands of institutional investors. The stock currently has a share float of 69.23%. Occidental Petroleum Corp stock is held by 1584.0 institutions, with BERKSHIRE HATHAWAY INC being the largest institutional investor. By 2024-06-30, it held 28.5614% of the shares, which is about 255.28 million shares worth $16.09 billion.
DODGE & COX, with 8.7672% or 78.36 million shares worth $4.94 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
Dodge & Cox Stock Fund and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Dec 31, 2024. The former held 47.77 shares worth $2.4 billion, making up 5.08% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 20.58 shares worth around $1.03 billion, which represents about 2.19% of the total shares outstanding.
