Occidental Petroleum Corp. [OXY] stock is trading at $55.76, up 1.77%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The OXY shares have gain 9.27% over the last week, with a monthly amount glided 3.76%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
On May 16, 2024, downgrade downgraded it’s rating to Hold and revised its price target to $69 on the stock. Scotiabank upgraded its rating to a Sector Outperform but stick to its price target of $90 on April 11, 2024. Barclays initiated its recommendation with a Equal Weight and recommended $73 as its price target on April 10, 2024. HSBC Securities started tracking with a Hold rating for this stock on April 08, 2024, and assigned it a price target of $65. In a note dated January 03, 2024, Mizuho downgraded an Neutral rating on this stock but restated the target price of $63.
Occidental Petroleum Corp. [OXY] stock has fluctuated between $49.75 and $71.18 over the past year. Currently, Wall Street analysts expect the stock to reach $62 within the next 12 months. Occidental Petroleum Corp. [NYSE: OXY] shares were valued at $55.76 at the most recent close of the market. An investor can expect a potential return of 11.19% based on the average OXY price forecast.
Analyzing the OXY fundamentals
Occidental Petroleum Corp. [NYSE:OXY] reported sales of 27.70B for the trailing twelve months, which represents a growth of 4.14%. Gross Profit Margin for this corporation currently stands at 0.47% with Operating Profit Margin at 0.33%, Pretax Profit Margin comes in at 0.22%, and Net Profit Margin reading is 0.17%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.15 and Total Capital is 0.13. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.61.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 54.81 points at the first support level, and at 53.87 for the second support level. However, for the 1st resistance point, the stock is sitting at 56.25, and for the 2nd resistance point, it is at 56.75.
Ratios To Look Out For
For context, Occidental Petroleum Corp.’s Current Ratio is 1.04. In addition, the Quick Ratio stands at 0.75 and the Cash Ratio stands at 0.19. Considering the valuation of this stock, the price to sales ratio is 1.82, the price to book ratio is 2.12 and price to earnings (TTM) ratio is 13.75.
Transactions by insiders
Recent insider trading involved OCCIDENTAL PETROLEUM CORP /DE/, 10% Owner, that happened on Aug 14 ’24 when 19.5 million shares were sold. 10% Owner, OCCIDENTAL PETROLEUM CORP /DE/ completed a deal on Aug 14 ’24 to sell 19.5 million shares. Meanwhile, 10% Owner BERKSHIRE HATHAWAY INC bought 1.55 million shares on Jun 13 ’24.
