In the past week, OXY stock has gone down by -1.79%, with a monthly gain of 7.39% and a quarterly plunge of -11.68%. The volatility ratio for the week is 1.78%, and the volatility levels for the last 30 days are 2.29% for Occidental Petroleum Corp. The simple moving average for the last 20 days is 3.54% for OXY stock, with a simple moving average of -8.79% for the last 200 days.
Is It Worth Investing in Occidental Petroleum Corp. (NYSE: OXY) Right Now?
Occidental Petroleum Corp. (NYSE: OXY) has a price-to-earnings ratio that is above its average at 13.50x. The stock has a 36-month beta value of 1.60. Opinions on the stock are mixed, with 3 analysts rating it as a “buy,” 4 as “overweight,” 15 as “hold,” and 1 as “sell.”
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The public float for OXY is 903.02M, and at present, short sellers hold a 3.74% of that float. On October 14, 2024, the average trading volume of OXY was 11.53M shares.
OXY) stock’s latest price update
Occidental Petroleum Corp. (NYSE: OXY)’s stock price has increased by 0.35 compared to its previous closing price of 54.57. However, the company has seen a -1.79% decrease in its stock price over the last five trading sessions. fool.com reported 2024-10-13 that Buffett has been selling Chevron, but you might want to buy it. And you might want to hold off on buying Occidental even though Buffett bought it.
Analysts’ Opinion of OXY
Many brokerage firms have already submitted their reports for OXY stocks, with Goldman repeating the rating for OXY by listing it as a “Neutral.” The predicted price for OXY in the upcoming period, according to Goldman is $55 based on the research report published on October 02, 2024 of the current year 2024.
Wolfe Research, on the other hand, stated in their research note that they expect to see OXY reach a price target of $81. The rating they have provided for OXY stocks is “Outperform” according to the report published on July 18th, 2024.
Truist gave a rating of “Hold” to OXY, setting the target price at $69 in the report published on May 16th of the current year.
OXY Trading at 0.30% 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 -23.07% of loss for the given period.
Volatility was left at 2.29%, however, over the last 30 days, the volatility rate increased by 1.78%, as shares surge +7.27% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.78% lower at present.
During the last 5 trading sessions, OXY fell by -1.79%, which changed the moving average for the period of 200-days by -10.87% in comparison to the 20-day moving average, which settled at $52.89. In addition, Occidental Petroleum Corp. saw -8.29% 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 2.52. 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
To sum up, Occidental Petroleum Corp. (OXY) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing 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.
