A new trading day began on Friday, with Occidental Petroleum Corp. (NYSE: OXY) stock price up 0.45% from the previous day of trading, before settling in for the closing price of $51.35. OXY’s price has ranged from $49.75 to $71.18 over the past 52 weeks.
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A company in the Energy sector has jumped its sales by 16.37% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged -12.37%. With a float of $903.02 million, this company’s outstanding shares have now reached $905.62 million.
In an organization with 12570 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 47.21%, operating margin of 32.92%, and the pretax margin is 21.73%.
Occidental Petroleum Corp. (OXY) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Oil & Gas E&P Industry. The insider ownership of Occidental Petroleum Corp. is 0.29%, while institutional ownership is 79.88%. The most recent insider transaction that took place on Aug 14 ’24, was worth 697,125,000. In this transaction 10% Owner of this company sold 19,500,000 shares at a rate of $35.75, taking the stock ownership to the 165,681,578 shares. Before that another transaction happened on Aug 14 ’24, when Company’s 10% Owner sold 19,500,000 for $35.75, making the entire transaction worth $697,125,000. This insider now owns 165,681,578 shares in total.
Occidental Petroleum Corp. (OXY) Performance Highlights and Predictions
In its latest quarterly report, released on 6/30/2024, the company reported earnings of 1.18 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.72 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -12.37% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 14.00% 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
Here are Occidental Petroleum Corp.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.75. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.69. Likewise, its price to free cash flow for the trailing twelve months is 11.53.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 4.06, a number that is poised to hit 0.75 in the next quarter and is forecasted to reach 3.45 in one year’s time.
Technical Analysis of Occidental Petroleum Corp. (OXY)
Let’s dig in a bit further. During the last 5-days, its volume was 8.51 million. That was inferior than the volume of 9.14 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 14.83%. Additionally, its Average True Range was 1.10.
During the past 100 days, Occidental Petroleum Corp.’s (OXY) raw stochastic average was set at 12.20%, which indicates a significant increase from 11.91% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 23.82% in the past 14 days, which was higher than the 23.67% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $53.48, while its 200-day Moving Average is $59.67. However, in the short run, Occidental Petroleum Corp.’s stock first resistance to watch stands at $51.88. Second resistance stands at $52.18. The third major resistance level sits at $52.53. If the price goes on to break the first support level at $51.24, it is likely to go to the next support level at $50.89. Assuming the price breaks the second support level, the third support level stands at $50.59.
Occidental Petroleum Corp. (NYSE: OXY) Key Stats
With a market capitalization of 46.71 billion, the company has a total of 886,637K Shares Outstanding. Currently, annual sales are 28,257 M while annual income is 4,696 M. The company’s previous quarter sales were 6,817 M while its latest quarter income was 1,162 M.
