Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
In the latest session, Occidental Petroleum Corp (NYSE: OXY) closed at $48.48 down -0.86% from its previous closing price of $48.90. In other words, the price has decreased by -$0.86 from its previous closing price. On the day, 9.9 million shares were traded. OXY stock price reached its highest trading level at $49.2 during the session, while it also had its lowest trading level at $48.45.
Ratios:
For a deeper understanding of Occidental Petroleum Corp’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 25.60 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.02. For the most recent quarter (mrq), Quick Ratio is recorded 0.76 and its Current Ratio is at 1.00. In the meantime, Its Debt-to-Equity ratio is 0.80 whereas as Long-Term Debt/Eq ratio is at 0.75.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Aug 14 ’24 when OCCIDENTAL PETROLEUM CORP /DE/ sold 19,500,000 shares for $35.75 per share. The transaction valued at 697,125,000 led to the insider holds 165,681,578 shares of the business.
OCCIDENTAL PETROLEUM CORP /DE/ sold 19,500,000 shares of OXY for $697,125,000 on Aug 14 ’24. The 10% Owner now owns 165,681,578 shares after completing the transaction at $35.75 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 45884960768 and an Enterprise Value of 79927869440. As of this moment, Occidental’s Price-to-Earnings (P/E) ratio for their current fiscal year is 12.63, and their Forward P/E ratio for the next fiscal year is 14.41. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.05. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.65 while its Price-to-Book (P/B) ratio in mrq is 1.72. Its current Enterprise Value per Revenue stands at 2.945 whereas that against EBITDA is 6.181.
Stock Price History:
Over the past 52 weeks, OXY has reached a high of $71.18, while it has fallen to a 52-week low of $48.42. The 50-Day Moving Average of the stock is -5.83%, while the 200-Day Moving Average is calculated to be -17.32%.
Shares Statistics:
For the past three months, OXY has traded an average of 12.04M shares per day and 8897650 over the past ten days. A total of 938.17M shares are outstanding, with a floating share count of 935.52M. Insiders hold about 0.30% of the company’s shares, while institutions hold 77.68% stake in the company. Shares short for OXY as of 1731628800 were 32940436 with a Short Ratio of 2.74, compared to 1728950400 on 33748944. Therefore, it implies a Short% of Shares Outstanding of 32940436 and a Short% of Float of 6.47.
Dividends & Splits
According to the company, the forward annual dividend rate for OXY is 0.84, from 0.84 in the trailing year. Against a Trailing Annual Dividend Yield of 0.017177913The stock’s 5-year Average Dividend Yield is 3.85.
