Currently, there are 905.62M common shares owned by the public and among those 903.02M shares have been available to trade.
The company’s stock has a 5-day price change of -3.90% and -11.77% over the past three months. OXY shares are trading -16.98% year to date (YTD), with the 12-month market performance down to -19.21% lower. It has a 12-month low price of $49.66 and touched a high of $71.18 over the same period. OXY has an average intraday trading volume of 12.10 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 -4.88%, -6.15%, and -16.69% respectively.
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Institutional ownership of Occidental Petroleum Corp (NYSE: OXY) shares accounts for 79.95% of the company’s 905.62M shares outstanding.
It has a market capitalization of $44.41B and a beta (3y monthly) value of 1.61. The stock’s trailing 12-month PE ratio is 12.22, while the earnings-per-share (ttm) stands at $4.06. The company has a PEG of 0.87 and a Quick Ratio of 0.75 with the debt-to-equity ratio at 0.65. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.58% over the week and 1.66% over the month.
Analysts forecast that Occidental Petroleum Corp (OXY) will achieve an EPS of 0.74 for the current quarter, 0.72 for the next quarter and 3.28 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0.41 while analysts give the company a high EPS estimate of 0.41. Comparatively, EPS for the current quarter was 1.18 a year ago. Earnings per share for the fiscal year are expected to decrease by -12.37%, and 6.54% over the next financial year. EPS should grow at an annualized rate of 14.00% 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. BofA Securities stated their Neutral rating for the stock in a research note on October 17, 2024, with the firm’s price target at $57. Goldman coverage for the Occidental Petroleum Corp (OXY) stock in a research note released on October 02, 2024 offered a Neutral rating with a price target of $55. Wolfe Research was of a view on July 18, 2024 that the stock is Outperform, while Truist gave the stock Hold rating on May 16, 2024, issuing a price target of $84- $69. Scotiabank on their part issued Sector Outperform rating on April 11, 2024.
