Occidental Petroleum Corp (NYSE: OXY)’s stock price has soared by 0.75 in relation to previous closing price of 48.20. Nevertheless, the company has seen a gain of 7.05% in its stock price over the last five trading days. fool.com reported 2024-12-29 that Energy stocks as a whole delivered an underwhelming performance in 2025. The average one in the S&P 500 has only managed to eke out a small gain (the Energy Select Sector SPDR Fund — an ETF that tracks energy stocks in the S&P 500 — is only up about 1% on the year).
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 12.65x, Company’s 36-month beta value is 1.60.Analysts have differing opinions on the stock, with 5 analysts rating it as a “buy,” 4 as “overweight,” 18 as “hold,” and 1 as “sell.”
The public float for OXY is 935.62M, and currently, short sellers hold a 3.80% ratio of that floaft. The average trading volume of OXY on December 30, 2024 was 12.26M shares.
OXY’s Market Performance
OXY stock saw a decrease of 7.05% in the past week, with a monthly decline of -2.59% and a quarterly a decrease of -4.84%. The volatility ratio for the week is 2.96%, and the volatility levels for the last 30 days are 2.32% for Occidental Petroleum Corp (OXY).. The simple moving average for the past 20 days is 0.98% for OXY’s stock, with a -15.75% simple moving average for the past 200 days.
Analysts’ Opinion of OXY
Many brokerage firms have already submitted their reports for OXY stocks, with JP Morgan repeating the rating for OXY by listing it as a “Neutral.” The predicted price for OXY in the upcoming period, according to JP Morgan is $56 based on the research report published on November 08, 2024 of the current year 2024.
BofA Securities, on the other hand, stated in their research note that they expect to see OXY reach a price target of $57. The rating they have provided for OXY stocks is “Neutral” according to the report published on October 17th, 2024.
Goldman gave a rating of “Neutral” to OXY, setting the target price at $55 in the report published on October 02nd of the current year.
OXY Trading at -2.38% 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 -31.78% of loss for the given period.
Volatility was left at 2.32%, however, over the last 30 days, the volatility rate increased by 2.96%, as shares sank -3.50% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.27% lower at present.
During the last 5 trading sessions, OXY rose by +7.05%, which changed the moving average for the period of 200-days by -21.75% in comparison to the 20-day moving average, which settled at $48.09. In addition, Occidental Petroleum Corp saw -18.67% 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 BERKSHIRE HATHAWAY INC, who purchase 3,614,015 shares at the price of $45.60 back on Dec 19 ’24. After this action, BERKSHIRE HATHAWAY INC now owns 264,178,414 shares of Occidental Petroleum Corp, valued at $164,787,626 using the latest closing price.
BERKSHIRE HATHAWAY INC, the 10% Owner of Occidental Petroleum Corp, purchase 2,805,513 shares at $46.26 during a trade that took place back on Dec 18 ’24, which means that BERKSHIRE HATHAWAY INC is holding 260,564,399 shares at $129,777,124 based on the most recent closing price.
Stock Fundamentals for OXY
Current profitability levels for the company are sitting at:
- 0.19 for the present operating margin
- 0.36 for the gross margin
The net margin for Occidental Petroleum Corp stands at 0.16. The total capital return value is set at 0.07. Equity return is now at value 13.06, with 5.30 for asset returns.
Based on Occidental Petroleum Corp (OXY), the company’s capital structure generated 0.43 points at debt to capital in total, while cash flow to debt ratio is standing at 0.44. The debt to equity ratio resting at 0.75. The interest coverage ratio of the stock is 4.81.
Currently, EBITDA for the company is 14.54 billion with net debt to EBITDA at 1.85. When we switch over and look at the enterprise to sales, we see a ratio of 2.63. The receivables turnover for the company is 6.92for trailing twelve months and the total asset turnover is 0.32. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.00.
Conclusion
In a nutshell, Occidental Petroleum Corp (OXY) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
