Occidental Petroleum Corp [OXY] stock is trading at $50.99, up 4.40%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The OXY shares have gain 4.90% over the last week, with a monthly amount drifted -1.89%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Occidental Petroleum Corp [NYSE: OXY] stock has seen the most recent analyst activity on January 31, 2025, when Goldman downgraded its rating to a Sell and also revised its price target to $45 from $54. Truist downgraded its rating to Hold for this stock on May 16, 2024, and downed its price target to $69. In a note dated April 11, 2024, Scotiabank upgraded an Sector Outperform rating on this stock but restated the target price of $90.
Occidental Petroleum Corp [OXY] stock has fluctuated between $45.17 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 $50.99 at the most recent close of the market. An investor can expect a potential return of 21.59% based on the average OXY price forecast.
Analyzing the OXY fundamentals
Occidental Petroleum Corp [NYSE:OXY] reported sales of 27.10B for the trailing twelve months, which represents a drop of -5.65%. Gross Profit Margin for this corporation currently stands at 0.36% with Operating Profit Margin at 0.14%, Pretax Profit Margin comes in at 0.15%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.09 and Total Capital is 0.05. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.79.
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 49.47 points at the first support level, and at 47.95 for the second support level. However, for the 1st resistance point, the stock is sitting at 52.34, and for the 2nd resistance point, it is at 53.69.
Ratios To Look Out For
For context, Occidental Petroleum Corp’s Current Ratio is 0.95. As well, the Quick Ratio is 0.73, while the Cash Ratio is 0.22. Considering the valuation of this stock, the price to sales ratio is 1.77, the price to book ratio is 1.85 and price to earnings (TTM) ratio is 20.82.
Transactions by insiders
Recent insider trading involved BERKSHIRE HATHAWAY INC, 10% Owner, that happened on Feb 07 ’25 when 0.76 million shares were purchased. 10% Owner, BERKSHIRE HATHAWAY INC completed a deal on Dec 19 ’24 to buy 3.61 million shares. Meanwhile, 10% Owner BERKSHIRE HATHAWAY INC bought 2.81 million shares on Dec 18 ’24.
