Currently, there are 886.64M common shares owned by the public and among those 883.98M shares have been available to trade.
The company’s stock has a 5-day price change of -3.30% and -11.99% over the past three months. OXY shares are trading 2.08% year to date (YTD), with the 12-month market performance up to 5.80% higher. It has a 12-month low price of $55.12 and touched a high of $71.18 over the same period. OXY has an average intraday trading volume of 7.11 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 -0.87%, -2.90%, and -1.34% respectively.
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Institutional ownership of Occidental Petroleum Corp. (NYSE: OXY) shares accounts for 82.23% of the company’s 886.64M shares outstanding.
It has a market capitalization of $54.04B and a beta (3y monthly) value of 1.63. The stock’s trailing 12-month PE ratio is 16.67, while the earnings-per-share (ttm) stands at $3.66. The company has a PEG of 1.98 and a Quick Ratio of 0.71 with the debt-to-equity ratio at 0.68. 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.
Earnings per share for the fiscal year are expected to increase by 1.69%, and 21.44% over the next financial year. EPS should grow at an annualized rate of 8.40% 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. Truist stated their Hold rating for the stock in a research note on May 16, 2024, with the firm’s price target at $84-$69. Scotiabank coverage for the Occidental Petroleum Corp. (OXY) stock in a research note released on April 11, 2024 offered a Sector Outperform rating with a price target of $90. Barclays was of a view on April 10, 2024 that the stock is Equal Weight, while HSBC Securities gave the stock Hold rating on April 08, 2024, issuing a price target of $65. Mizuho on their part issued Neutral rating on January 03, 2024.
