Currently, there are 886.47M common shares owned by the public and among those 883.57M shares have been available to trade.
However, the script later moved the day high at 71.18, down -0.36%. The company’s stock has a 5-day price change of -0.35% and 20.79% over the past three months. OXY shares are trading 15.58% year to date (YTD), with the 12-month market performance up to 6.43% higher. It has a 12-month low price of $55.12 and touched a high of $69.58 over the same period. OXY has an average intraday trading volume of 8.68 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 4.97%, 11.28%, and 12.23% respectively.
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Institutional ownership of Occidental Petroleum Corp. (NYSE: OXY) shares accounts for 79.76% of the company’s 886.47M shares outstanding.
It has a market capitalization of $61.18B and a beta (3y monthly) value of 1.68. The stock’s trailing 12-month PE ratio is 17.67, while the earnings-per-share (ttm) stands at $3.90. The company has a PEG of 2.06 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 2.15% over the week and 1.79% over the month.
Earnings per share for the fiscal year are expected to decrease by -2.43%, and 26.08% 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. Scotiabank stated their Sector Outperform rating for the stock in a research note on April 11, 2024, with the firm’s price target at $90. Barclays coverage for the Occidental Petroleum Corp. (OXY) stock in a research note released on April 10, 2024 offered a Equal Weight rating with a price target of $73. HSBC Securities was of a view on April 08, 2024 that the stock is Hold, while Mizuho gave the stock Neutral rating on January 03, 2024, issuing a price target of $63. Morgan Stanley on their part issued Overweight rating on December 11, 2023.
