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The price of Occidental Petroleum Corp. (NYSE: OXY) closed at $60.95 in the last session, down -1.36% from day before closing price of $61.79. In other words, the price has decreased by -$1.36 from its previous closing price. On the day, 6.27 million shares were traded. OXY stock price reached its highest trading level at $61.99 during the session, while it also had its lowest trading level at $60.92.
Ratios:
We take a closer look at OXY’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 41.06 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 11.14. For the most recent quarter (mrq), Quick Ratio is recorded 0.71 and its Current Ratio is at 0.95. In the meantime, Its Debt-to-Equity ratio is 0.68 whereas as Long-Term Debt/Eq ratio is at 0.62.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Truist on May 16, 2024, Downgraded its rating to Hold and sets its target price to $69 from $84 previously.
On April 11, 2024, Scotiabank Upgraded its rating to Sector Outperform which previously was Sector Perform but kept the price unchanged to $90.
On April 10, 2024, Barclays started tracking the stock assigning a Equal Weight rating and target price of $73.Barclays initiated its Equal Weight rating on April 10, 2024, with a $73 target price.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Jun 17 ’24 when BERKSHIRE HATHAWAY INC bought 334,461 shares for $59.75 per share. The transaction valued at 19,983,744 led to the insider holds 255,281,524 shares of the business.
BERKSHIRE HATHAWAY INC bought 1,060,653 shares of OXY for $63,203,570 on Jun 14 ’24. The 10% Owner now owns 254,947,063 shares after completing the transaction at $59.59 per share. On Jun 13 ’24, another insider, BERKSHIRE HATHAWAY INC, who serves as the 10% Owner of the company, bought 1,552,497 shares for $59.77 each. As a result, the insider paid 92,789,485 and bolstered with 253,886,410 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, OXY now has a Market Capitalization of 54040526848 and an Enterprise Value of 82047508480. As of this moment, Occidental’s Price-to-Earnings (P/E) ratio for their current fiscal year is 16.67, and their Forward P/E ratio for the next fiscal year is 13.34. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.98. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.97 while its Price-to-Book (P/B) ratio in mrq is 2.40. Its current Enterprise Value per Revenue stands at 3.038 whereas that against EBITDA is 6.726.
Stock Price History:
The Beta on a monthly basis for OXY is 1.63, which has changed by 0.006606102 over the last 52 weeks, in comparison to a change of 0.2553556 over the same period for the S&P500. Over the past 52 weeks, OXY has reached a high of $71.18, while it has fallen to a 52-week low of $55.12. The 50-Day Moving Average of the stock is -2.90%, while the 200-Day Moving Average is calculated to be -1.34%.
Shares Statistics:
According to the various share statistics, OXY traded on average about 7.11M shares per day over the past 3-months and 6219130 shares per day over the past 10 days. A total of 886.64M shares are outstanding, with a floating share count of 883.98M. Insiders hold about 0.30% of the company’s shares, while institutions hold 82.23% stake in the company. Shares short for OXY as of 1718323200 were 32339755 with a Short Ratio of 4.55, compared to 1715731200 on 48855055. Therefore, it implies a Short% of Shares Outstanding of 32339755 and a Short% of Float of 7.0700005.
Dividends & Splits
The forward annual dividend rate for OXY is 0.80, which was 0.76 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.012299725The stock’s 5-year Average Dividend Yield is 4.33. The current Payout Ratio is 18.44% for OXY, which recently paid a dividend on 2024-06-10 with an ex-dividend date of 1717977600. Stock splits for the company last occurred on 2016-02-25 when the company split stock in a 10000:9983 ratio.
