Occidental Petroleum Corporation (NYSE:OXY) went down by -1.99% from its latest closing price compared to the recent 1-year high of $74.04. The company’s stock price has collected -12.82% of loss in the last five trading sessions. Barron’s reported on 06/07/22 that Exxon Gets an Upgrade to Buy, but Analyst Takes ‘Chips Off Table’ for 2 Other Oil Stocks
Is It Worth Investing in Occidental Petroleum Corporation (NYSE :OXY) Right Now?
Occidental Petroleum Corporation (NYSE:OXY) scored a price-to-earnings ratio above its average ratio, recording 8.44 x from its present earnings ratio. Plus, the 36-month beta value for OXY is at 1.92. Opinions of the stock are interesting as 11 analysts out of 27 who provided ratings for Occidental Petroleum Corporation declared the stock was a “buy,” while 2 rated the stock as “overweight,” 11 rated it as “hold,” and 2 as “sell.”
The average price from analysts is $76.92, which is $19.97 above the current price. OXY currently public float of 935.57M and currently shorts hold a 6.43% ratio of that float. Today, the average trading volume of OXY was 29.27M shares.
OXY’s Market Performance
OXY stocks went down by -12.82% for the week, with a monthly drop of -13.41% and a quarterly performance of -1.00%, while its annual performance rate touched 98.93%. The volatility ratio for the week stands at 5.50% while the volatility levels for the past 30 days are set at 4.79% for Occidental Petroleum Corporation. The simple moving average for the period of the last 20 days is -15.65% for OXY stocks with a simple moving average of 29.43% for the last 200 days.
Analysts’ Opinion of OXY
Many brokerage firms have already submitted their reports for OXY stocks, with Evercore ISI repeating the rating for OXY by listing it as a “In-line.” The predicted price for OXY in the upcoming period, according to Evercore ISI is $74 based on the research report published on June 07th of the current year 2022.
Piper Sandler, on the other hand, stated in their research note that they expect to see OXY reach a price target of $88, previously predicting the price at $44. The rating they have provided for OXY stocks is “Overweight” according to the report published on April 07th, 2022.
Stifel gave a rating of “Buy” to OXY, setting the target price at $84 in the report published on April 06th of the current year.
OXY Trading at -10.63% 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 -24.80% of loss for the given period.
Volatility was left at 4.79%, however, over the last 30 days, the volatility rate increased by 5.50%, as shares sank -12.95% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.75% lower at present.
During the last 5 trading sessions, OXY fell by -12.82%, which changed the moving average for the period of 200-days by +122.01% in comparison to the 20-day moving average, which settled at $65.60. In addition, Occidental Petroleum Corporation saw 92.07% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at OXY starting from Champion Christopher O, who sale 111,594 shares at the price of $70.44 back on Jun 01. After this action, Champion Christopher O now owns 38,303 shares of Occidental Petroleum Corporation, valued at $7,860,331 using the latest closing price.
BERKSHIRE HATHAWAY INC, the 10% Owner of Occidental Petroleum Corporation, purchase 185,419 shares at $57.34 during a trade that took place back on May 12, which means that BERKSHIRE HATHAWAY INC is holding 143,162,392 shares at $10,631,666 based on the most recent closing price.
Stock Fundamentals for OXY
Current profitability levels for the company are sitting at:
- +17.99 for the present operating margin
- +29.29 for the gross margin
The net margin for Occidental Petroleum Corporation stands at +10.71. Equity return is now at value 60.40, with 8.60 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 1.23.