Occidental Petroleum Corp. (NYSE: OXY) kicked off on November 20, 2023, at the price of $61.44, up 0.30% from the previous trading day. During the day, the shares moved up to $62.01 and dropped to $61.12 before settling in for the closing price of $60.96. Over the past 52 weeks, OXY has traded in a range of $55.51-$72.88.
Annual sales at Energy sector company grew by 25.74% over the past five years. While this was happening, its average annual earnings per share was recorded -56.01%. With a float of $877.86 million, this company’s outstanding shares have now reached $899.86 million.
Let’s look at the performance matrix of the company that is accounted for 11973 employees. In terms of profitability, gross margin is +47.03, operating margin of +36.64, and the pretax margin is +38.94.
Occidental Petroleum Corp. (OXY) Insider Updates
Our next focus will be how large-scale investors are participating in this stock of the Oil & Gas E&P Industry. The insider ownership of Occidental Petroleum Corp. is 0.29%, while institutional ownership is 79.81%. The most recent insider transaction that took place on Oct 25, was worth 65,574,456. In this transaction 10% Owner of this company bought 1,040,067 shares at a rate of $63.05, taking the stock ownership to the 228,051,027 shares. Before that another transaction happened on Oct 24, when Company’s 10% Owner bought 1,195,400 for $62.69, making the entire transaction worth $74,935,203. This insider now owns 227,010,960 shares in total.
Occidental Petroleum Corp. (OXY) Performance Highlights and Predictions
In the latest quarterly report, which was put into the public domain on 9/29/2023, the organization reported $1.18 earnings per share (EPS), higher than consensus estimate (set at $0.84) by $0.34. This company achieved a net margin of +36.47 while generating a return on equity of 52.45. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.27 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -56.01% per share during the next fiscal year.
Occidental Petroleum Corp. (NYSE: OXY) Trading Performance Indicators
Take a look at Occidental Petroleum Corp.’s (OXY) current performance indicators. Last quarter, stock had a quick ratio of 0.70. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.84. Likewise, its price to free cash flow for the trailing twelve months is 7.92.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 4.56, a number that is poised to hit 1.17 in the next quarter and is forecasted to reach 5.23 in one year’s time.
Technical Analysis of Occidental Petroleum Corp. (OXY)
Occidental Petroleum Corp. (NYSE: OXY) saw its 5-day average volume 7.97 million, a negative change from its year-to-date volume of 10.93 million. As of the previous 9 days, the stock’s Stochastic %D was 42.20%. Additionally, its Average True Range was 1.36.
During the past 100 days, Occidental Petroleum Corp.’s (OXY) raw stochastic average was set at 37.83%, which indicates a significant decrease from 39.87% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 23.15% in the past 14 days, which was lower than the 27.05% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $63.23, while its 200-day Moving Average is $61.54. Nevertheless, the first resistance level for the watch stands at $61.73 in the near term. At $62.31, the stock is likely to face the second major resistance level. The third major resistance level sits at $62.62. If the price goes on to break the first support level at $60.84, it is likely to go to the next support level at $60.53. Assuming the price breaks the second support level, the third support level stands at $59.95.
Occidental Petroleum Corp. (NYSE: OXY) Key Stats
The company with the Market Capitalisation of 53.83 billion has total of 880,371K Shares Outstanding. Its annual sales at the moment are 36,634 M in contrast with the sum of 13,304 M annual income. Company’s last quarter sales were recorded 7,158 M and last quarter income was 1,375 M.