On Friday, Occidental Petroleum Corp. (NYSE: OXY) opened higher 0.89% from the last session, before settling in for the closing price of $66.04. Price fluctuations for OXY have ranged from $55.12 to $71.18 over the past 52 weeks.
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Annual sales at Energy sector company grew by 16.37% over the past five years. Company’s average yearly earnings per share was noted -0.50% at the time writing. With a float of $883.57 million, this company’s outstanding shares have now reached $886.47 million.
Let’s look at the performance matrix of the company that is accounted for 12570 employees.
Occidental Petroleum Corp. (OXY) Insider Updates
A key investor’s attitude towards the stock of the Oil & Gas E&P industry is another important factor to consider. The insider ownership of Occidental Petroleum Corp. is 0.33%, while institutional ownership is 79.79%. The most recent insider transaction that took place on Feb 05 ’24, was worth 79,860,964. In this transaction 10% Owner of this company bought 1,405,827 shares at a rate of $56.81, taking the stock ownership to the 248,018,128 shares. Before that another transaction happened on Feb 02 ’24, when Company’s 10% Owner bought 1,246,920 for $57.14, making the entire transaction worth $71,252,500. This insider now owns 246,612,301 shares in total.
Occidental Petroleum Corp. (OXY) Performance Highlights and Predictions
Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.80 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -0.50% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 8.60% during the next five years compared to -6.24% drop over the previous five years of trading.
Occidental Petroleum Corp. (NYSE: OXY) Trading Performance Indicators
Check out the current performance indicators for Occidental Petroleum Corp. (OXY). In the past quarter, the stock posted a quick ratio of 0.69. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.08. Likewise, its price to free cash flow for the trailing twelve months is 9.78.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.90, a number that is poised to hit 0.59 in the next quarter and is forecasted to reach 4.58 in one year’s time.
Technical Analysis of Occidental Petroleum Corp. (OXY)
Occidental Petroleum Corp. (NYSE: OXY) saw its 5-day average volume 9.11 million, a positive change from its year-to-date volume of 8.81 million. As of the previous 9 days, the stock’s Stochastic %D was 12.45%. Additionally, its Average True Range was 1.35.
During the past 100 days, Occidental Petroleum Corp.’s (OXY) raw stochastic average was set at 71.65%, which indicates a significant increase from 19.74% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 17.75% in the past 14 days, which was lower than the 19.65% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $63.19, while its 200-day Moving Average is $61.75. Nevertheless, the first resistance level for the watch stands at $67.46 in the near term. At $68.29, the stock is likely to face the second major resistance level. The third major resistance level sits at $68.96. If the price goes on to break the first support level at $65.96, it is likely to go to the next support level at $65.29. Assuming the price breaks the second support level, the third support level stands at $64.46.
Occidental Petroleum Corp. (NYSE: OXY) Key Stats
There are currently 886,465K shares outstanding in the company with a market cap of 59.07 billion. Presently, the company’s annual sales total 28,257 M according to its annual income of 4,696 M. Last quarter, the company’s sales amounted to 7,172 M and its income totaled 1,198 M.
