Occidental Petroleum Corp. (NYSE: OXY): Hunting Genuine Value In Market Debris

Currently, there are 899.86M common shares owned by the public and among those 875.34M shares have been available to trade.

Insiders at the company have transacted a total of 79 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 61 of these insider trades were purchases, accounting for 34,323,369 shares. Insider sales of the common stock occurred on 18 occasions, with total insider shares sold totaling 225,621 shares.

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The company’s stock has a 5-day price change of 1.84% and -4.21% over the past three months. OXY shares are trading -2.81% year to date (YTD), with the 12-month market performance down to -8.18% lower. It has a 12-month low price of $55.12 and touched a high of $67.67 over the same period. OXY has an average intraday trading volume of 0.91 shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 1.12%, -0.25%, and -4.30% respectively.

Institutional ownership of Occidental Petroleum Corp. (NYSE: OXY) shares accounts for 82.14% of the company’s 899.86M shares outstanding.

It has a market capitalization of $50.93B and a beta (3y monthly) value of 1.65. The stock’s trailing 12-month PE ratio is 12.71, while the earnings-per-share (ttm) stands at $4.56. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.76% over the week and 1.75% over the month.

Analysts forecast that Occidental Petroleum Corp. (OXY) will achieve an EPS of $0.71 for the current quarter, $0.85 for the next quarter and $4.07 for 2024. The lowest estimate earnings-per-share for the quarter is $0.53 while analysts give the company a high EPS estimate of $1.2. Comparatively, EPS for the current quarter was $1.61 a year ago. Earnings per share for the fiscal year are expected to decrease by -60.48%, and 4.92% over the next financial year.

Looking at the support for the OXY, a number of firms have released research notes about the stock. Mizuho stated their Neutral rating for the stock in a research note on January 03, 2024, with the firm’s price target at $63.

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