Currently, there are 879.46M common shares owned by the public and among those 876.52M shares have been available to trade.
Insiders at the company have transacted a total of 63 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 51 of these insider trades were purchases, accounting for 33,950,281 shares. Insider sales of the common stock occurred on 12 occasions, with total insider shares sold totaling 81,075 shares.
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However, the script later moved the day high at 60.76, up 0.75%. The company’s stock has a 5-day price change of -0.08% and 0.43% over the past three months. OXY shares are trading 1.27% year to date (YTD), with the 12-month market performance up to 2.11% higher. 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 10.35 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 3.43%, 3.43%, and -0.22% respectively.
Institutional ownership of Occidental Petroleum Corp. (NYSE: OXY) shares accounts for 80.31% of the company’s 879.46M shares outstanding.
It has a market capitalization of $53.18B and a beta (3y monthly) value of 1.65. The stock’s trailing 12-month PE ratio is 15.49, while the earnings-per-share (ttm) stands at $3.90. The company has a PEG of 1.80 and a Quick Ratio of 0.69 with the debt-to-equity ratio at 0.69. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.88% over the week and 1.99% over the month.
Analysts forecast that Occidental Petroleum Corp. (OXY) will achieve an EPS of $0.66 for the current quarter, $0.83 for the next quarter and $4.4 for 2025. The lowest estimate earnings-per-share for the quarter is $0.36 while analysts give the company a high EPS estimate of $1.39. Comparatively, EPS for the current quarter was $1.09 a year ago. Earnings per share for the fiscal year are expected to decrease by -6.07%, and 28.58% over the next financial year. EPS should grow at an annualized rate of 8.60% over the next five years, compared to -6.24% over the past 5-year period.
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. Morgan Stanley coverage for the Occidental Petroleum Corp. (OXY) stock in a research note released on December 11, 2023 offered a Overweight rating with a price target of $68. Wolfe Research was of a view on November 10, 2023 that the stock is Peer Perform, while Stephens gave the stock Overweight rating on June 30, 2023, issuing a price target of $72. UBS on their part issued Neutral rating on April 19, 2023.
