Occidental Petroleum Corp. (NYSE: OXY)’s stock price has dropped by -0.87 in relation to previous closing price of 57.21. Nevertheless, the company has seen a loss of -0.92% in its stock price over the last five trading days. fool.com reported 2024-08-29 that With 62 consecutive years of dividend raises, Coca-Cola’s cash payout is as secure as it gets. Buffett has bought billions of dollars’ worth of the stock of an innovative oil driller that wants to help the world battle climate change.
Is It Worth Investing in Occidental Petroleum Corp. (NYSE: OXY) Right Now?
The price-to-earnings ratio for Occidental Petroleum Corp. (NYSE: OXY) is above average at 13.98x. The 36-month beta value for OXY is also noteworthy at 1.61. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 4 rating it as “overweight,” 15 rating it as “hold,” and 1 rating it as “sell.”
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The public float for OXY is 932.35M, and at present, short sellers hold a 3.59% of that float. The average trading volume of OXY on August 30, 2024 was 8.61M shares.
OXY’s Market Performance
OXY’s stock has seen a -0.92% decrease for the week, with a -4.49% drop in the past month and a -9.26% fall in the past quarter. The volatility ratio for the week is 1.72%, and the volatility levels for the past 30 days are at 2.00% for Occidental Petroleum Corp. The simple moving average for the last 20 days is -0.76% for OXY’s stock, with a simple moving average of -7.03% for the last 200 days.
Analysts’ Opinion of OXY
Many brokerage firms have already submitted their reports for OXY stocks, with Wolfe Research repeating the rating for OXY by listing it as a “Outperform.” The predicted price for OXY in the upcoming period, according to Wolfe Research is $81 based on the research report published on July 18, 2024 of the current year 2024.
Truist, on the other hand, stated in their research note that they expect to see OXY reach a price target of $69, previously predicting the price at $84. The rating they have provided for OXY stocks is “Hold” according to the report published on May 16th, 2024.
Scotiabank gave a rating of “Sector Outperform” to OXY, setting the target price at $90 in the report published on April 11th of the current year.
OXY Trading at -5.29% 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 -20.33% of loss for the given period.
Volatility was left at 2.00%, however, over the last 30 days, the volatility rate increased by 1.72%, as shares sank -1.64% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -9.15% lower at present.
During the last 5 trading sessions, OXY fell by -0.90%, which changed the moving average for the period of 200-days by -7.93% in comparison to the 20-day moving average, which settled at $57.10. In addition, Occidental Petroleum Corp. saw -5.02% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at OXY starting from OCCIDENTAL PETROLEUM CORP /DE/, who sale 19,500,000 shares at the price of $35.75 back on Aug 14 ’24. After this action, OCCIDENTAL PETROLEUM CORP /DE/ now owns 165,681,578 shares of Occidental Petroleum Corp., valued at $697,125,000 using the latest closing price.
OCCIDENTAL PETROLEUM CORP /DE/, the 10% Owner of Occidental Petroleum Corp., sale 19,500,000 shares at $35.75 during a trade that took place back on Aug 14 ’24, which means that OCCIDENTAL PETROLEUM CORP /DE/ is holding 165,681,578 shares at $697,125,000 based on the most recent closing price.
Stock Fundamentals for OXY
Current profitability levels for the company are sitting at:
- 0.33 for the present operating margin
- 0.47 for the gross margin
The net margin for Occidental Petroleum Corp. stands at 0.17. The total capital return value is set at 0.13. Equity return is now at value 14.44, with 5.99 for asset returns.
Based on Occidental Petroleum Corp. (OXY), the company’s capital structure generated 0.38 points at debt to capital in total, while cash flow to debt ratio is standing at 0.55. The debt to equity ratio resting at 0.61. The interest coverage ratio of the stock is 8.83.
Currently, EBITDA for the company is 13.95 billion with net debt to EBITDA at 1.54. When we switch over and look at the enterprise to sales, we see a ratio of 2.65. The receivables turnover for the company is 6.98for trailing twelve months and the total asset turnover is 0.36. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.04.
Conclusion
In summary, Occidental Petroleum Corp. (OXY) has had a bad performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
