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A Lesson to Learn: Occidental Petroleum Corporation (OXY)

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Occidental Petroleum Corporation (NYSE:OXY) went up by 1.37% from its latest closing price compared to the recent 1-year high of $35.75. The company’s stock price has collected 14.56% of gains in the last five trading sessions. Press Release reported on 01/07/22 that Dana Incorporated Announces Two Appointments to Board of Directors, Reaches Agreement with Icahn Capital

Is It Worth Investing in Occidental Petroleum Corporation (NYSE :OXY) Right Now?

Plus, the 36-month beta value for OXY is at 2.31. Opinions of the stock are interesting as 12 analysts out of 28 who provided ratings for Occidental Petroleum Corporation declared the stock was a “buy,” while 1 rated the stock as “overweight,” 12 rated it as “hold,” and 3 as “sell.”

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The average price from analysts is $40.88, which is $7.95 above the current price. OXY currently public float of 932.02M and currently shorts hold a 3.63% ratio of that float. Today, the average trading volume of OXY was 15.34M shares.

OXY’s Market Performance

OXY stocks went up by 14.56% for the week, with a monthly jump of 7.93% and a quarterly performance of -1.25%, while its annual performance rate touched 65.39%. The volatility ratio for the week stands at 5.53% while the volatility levels for the past 30 days are set at 4.10% for Occidental Petroleum Corporation. The simple moving average for the period of the last 20 days is 12.08% for OXY stocks with a simple moving average of 17.12% for the last 200 days.

Analysts’ Opinion of OXY

Many brokerage firms have already submitted their reports for OXY stocks, with Wells Fargo repeating the rating for OXY by listing it as a “Underweight.” The predicted price for OXY in the upcoming period, according to Wells Fargo is $29 based on the research report published on January 05th of the current year 2022.

JP Morgan, on the other hand, stated in their research note that they expect to see OXY reach a price target of $39, previously predicting the price at $37. The rating they have provided for OXY stocks is “Neutral” according to the report published on December 09th, 2021.

Truist gave a rating of “Buy” to OXY, setting the target price at $50 in the report published on October 18th of the previous year.

OXY Trading at 7.50% from the 50-Day Moving Average

After a stumble in the market that brought OXY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -7.10% of loss for the given period.

Volatility was left at 4.10%, however, over the last 30 days, the volatility rate increased by 5.53%, as shares surge +9.82% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.27% lower at present.

During the last 5 trading sessions, OXY rose by +14.56%, which changed the moving average for the period of 200-days by +24.38% in comparison to the 20-day moving average, which settled at $29.78. In addition, Occidental Petroleum Corporation saw 14.56% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at OXY starting from CHAZEN STEPHEN I, who purchase 20,000 shares at the price of $25.76 back on Aug 09. After this action, CHAZEN STEPHEN I now owns 289,597 shares of Occidental Petroleum Corporation, valued at $515,200 using the latest closing price.

ICAHN CARL C, the 10% Owner of Occidental Petroleum Corporation, sale 3,500,000 shares at $25.70 during a trade that took place back on Apr 06, which means that ICAHN CARL C is holding 73,627,271 shares at $89,950,000 based on the most recent closing price.

Stock Fundamentals for OXY

Current profitability levels for the company are sitting at:

  • -11.26 for the present operating margin
  • +2.57 for the gross margin

The net margin for Occidental Petroleum Corporation stands at -78.96. The total capital return value is set at -2.97, while invested capital returns managed to touch -21.05. Equity return is now at value -12.90, with -1.40 for asset returns.

Based on Occidental Petroleum Corporation (OXY), the company’s capital structure generated 200.82 points at debt to equity in total, while total debt to capital is 66.76. Total debt to assets is 44.22, with long-term debt to equity ratio resting at 412.96. Finally, the long-term debt to capital ratio is 65.12.

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When we switch over and look at the enterprise to sales, we see a ratio of 2.91, with the company’s debt to enterprise value settled at 0.61. The receivables turnover for the company is 3.95 and the total asset turnover is 0.17. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.07.

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