In the latest trading session,, 2.35 million Occidental Petroleum Corp (NYSE:OXY) shares changed hands as the company’s beta touched 0.89. With the company’s most recent per share price at $42.24 changed hands at -$0.8 or -1.85% at last look, the market valuation stands at $41.57B. OXY’s current price is a discount, trading about -53.29% off its 52-week high of $64.75. The share price had its 52-week low at $34.78, which suggests the last value was 17.66% up since then.
Analysts gave the Occidental Petroleum Corp (OXY) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.63. 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 0.46.
Occidental Petroleum Corp (NYSE:OXY) trade information
Instantly OXY was in red as seen in intraday trades today. With action -3.68%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -14.50%, with the 5-day performance at -3.68% in the red. However, in the 30-day time frame, Occidental Petroleum Corp (NYSE:OXY) is 6.38% up.
The consensus price target for the stock as assigned by Wall Street analysts is 54, meaning bulls need an upside of 21.78% from its recent market value. According to analyst projections, OXY’s forecast low is 48 with 58 as the target high. To hit the forecast high, the stock’s price needs a -37.31% plunge from its current level, while the stock would need to soar -13.64% for it to hit the projected low.
Occidental Petroleum Corp (OXY) estimates and forecasts
Year-over-year growth is forecast to reach -2.64% down from the last financial year.
Consensus estimates given by 8 financial analysts project the company’s revenue in the current quarter to hit an average of 6.23B. 8 analysts are of the opinion that Occidental Petroleum Corp’s revenue for the current quarter will be 6.42B. The company’s revenue for the corresponding quarters a year ago was 6.88B and 7.15B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -9.42%. The estimates for the next quarter sales put growth at -10.23%.
The 2025 estimates are for Occidental Petroleum Corp earnings to decrease by -29.21%, but the outlook for the next 5-year period is at 5.78% per year.
OXY Dividends
Occidental Petroleum Corp is expected to release its next quarterly earnings report in June. The 2.13% annual yield figure for the share gives it an annual dividend of 0.90. It is important to note, however, that the 2.13% 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.
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 Funds-Dodge & Cox Stock Fund and VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund . With 47.77 shares estimated at $2.02 billion under it, the former controlled 4.85% of total outstanding shares. On the other hand, VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund held about 2.09% of the shares, roughly 20.58 shares worth around $871.17 million.
