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In the latest session, Occidental Petroleum Corp. (NYSE: OXY) closed at $57.81 up 1.53% from its previous closing price of $56.94. In other words, the price has increased by $1.53 from its previous closing price. On the day, 10.21 million shares were traded. OXY stock price reached its highest trading level at $57.9323 during the session, while it also had its lowest trading level at $57.15.
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 28.17 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 13.07. For the most recent quarter (mrq), Quick Ratio is recorded 0.75 and its Current Ratio is at 1.04. In the meantime, Its Debt-to-Equity ratio is 0.65 whereas as Long-Term Debt/Eq ratio is at 0.59.
On May 16, 2024, Truist Downgraded its rating to Hold which previously was Buy and also lowered its target price recommendation from $84 to $69.
Scotiabank Upgraded its Sector Perform to Sector Outperform on April 11, 2024, while the target price for the stock was maintained at $90.
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 Jun 13 ’24 when BERKSHIRE HATHAWAY INC bought 1,552,497 shares for $59.77 per share. The transaction valued at 92,789,485 led to the insider holds 253,886,410 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 17 ’24, another insider, BERKSHIRE HATHAWAY INC, who serves as the 10% Owner of the company, bought 334,461 shares for $59.75 each. As a result, the insider paid 19,983,744 and bolstered with 255,281,524 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 52965347328 and an Enterprise Value of 79028756480. As of this moment, Occidental’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.25, and their Forward P/E ratio for the next fiscal year is 12.29. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.48. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.91 while its Price-to-Book (P/B) ratio in mrq is 2.20. Its current Enterprise Value per Revenue stands at 2.914 whereas that against EBITDA is 6.46.
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 $55.04. The 50-Day Moving Average of the stock is -4.59%, while the 200-Day Moving Average is calculated to be -5.63%.
Shares Statistics:
For the past three months, OXY has traded an average of 7.82M shares per day and 12680250 over the past ten days. A total of 916.20M shares are outstanding, with a floating share count of 913.46M. Insiders hold about 0.30% of the company’s shares, while institutions hold 78.96% stake in the company. Shares short for OXY as of 1722384000 were 30838909 with a Short Ratio of 3.95, compared to 1719532800 on 32691925. Therefore, it implies a Short% of Shares Outstanding of 30838909 and a Short% of Float of 6.47.
Dividends & Splits
According to the company, the forward annual dividend rate for OXY is 0.80, from 0.8 in the trailing year. Against a Trailing Annual Dividend Yield of 0.014049877The stock’s 5-year Average Dividend Yield is 4.25.
