Occidental Petroleum Corp (NYSE: OXY) Seen Running Too Hot, Let’s Look At This More Closely

Currently, there are 938.17M common shares owned by the public and among those 935.62M shares have been available to trade.

The company’s stock has a 5-day price change of -1.07% and -9.78% over the past three months. OXY shares are trading -21.07% year to date (YTD), with the 12-month market performance down to -21.67% lower. It has a 12-month low price of $45.17 and touched a high of $71.18 over the same period. OXY has an average intraday trading volume of 12.09 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 -2.98%, -5.97%, and -18.61% respectively.

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Institutional ownership of Occidental Petroleum Corp (NYSE: OXY) shares accounts for 78.64% of the company’s 938.17M shares outstanding.

It has a market capitalization of $45.95B and a beta (3y monthly) value of 1.61. The stock’s trailing 12-month PE ratio is 12.28, while the earnings-per-share (ttm) stands at $3.84. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.11% over the week and 2.26% over the month.

Earnings per share for the fiscal year are expected to decrease by -6.83%, and -5.83% over the next financial year. EPS should grow at an annualized rate of -1.20% 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. JP Morgan stated their Neutral rating for the stock in a research note on November 08, 2024, with the firm’s price target at $56. BofA Securities coverage for the Occidental Petroleum Corp (OXY) stock in a research note released on October 17, 2024 offered a Neutral rating with a price target of $57. Goldman was of a view on October 02, 2024 that the stock is Neutral, while Wolfe Research gave the stock Outperform rating on July 18, 2024, issuing a price target of $81. Truist on their part issued Hold rating on May 16, 2024.

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