A major move is in the offing as Occidental Petroleum Corp (OXY) market cap hits 47.69 billion

On Monday, Occidental Petroleum Corp (NYSE: OXY) was -2.87% drop from the session before settling in for the closing price of $51.93. A 52-week range for OXY has been $48.42 – $71.18.

During the last 5-year period, the sales growth of Energy Sector giant was 16.37%. When this article was written, the company’s average yearly earnings per share was at -6.46%. With a float of $935.46 million, this company’s outstanding shares have now reached $938.34 million.

Let’s determine the extent of company efficiency that accounts for 12570 employees. In terms of profitability, gross margin is 35.55%, operating margin of 19.4%, and the pretax margin is 20.75%.

Occidental Petroleum Corp (OXY) Insider Activity

Also, it is sometimes useful to examine the sentiment of large-scale investors toward Occidental Petroleum Corp stocks. The insider ownership of Occidental Petroleum Corp is 0.31%, while institutional ownership is 77.69%. 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) Earnings and Forecasts

According to the Wall Street analysts, stocks earnings will be around -6.46% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 12.00% 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

You can see what Occidental Petroleum Corp (OXY) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 0.76. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.73. Likewise, its price to free cash flow for the trailing twelve months is 10.50.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.84, a number that is poised to hit 0.75 in the next quarter and is forecasted to reach 3.56 in one year’s time.

Technical Analysis of Occidental Petroleum Corp (OXY)

Looking closely at Occidental Petroleum Corp (NYSE: OXY), its last 5-days average volume was 9.0 million, which is a drop from its year-to-date volume of 9.38 million. As of the previous 9 days, the stock’s Stochastic %D was 74.31%. Additionally, its Average True Range was 1.18.

During the past 100 days, Occidental Petroleum Corp’s (OXY) raw stochastic average was set at 12.37%, which indicates a significant decrease from 52.06% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 22.37% in the past 14 days, which was lower than the 23.75% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $51.77, while its 200-day Moving Average is $58.96. However, in the short run, Occidental Petroleum Corp’s stock first resistance to watch stands at $51.54. Second resistance stands at $52.63. The third major resistance level sits at $53.24. If the price goes on to break the first support level at $49.84, it is likely to go to the next support level at $49.23. Should the price break the second support level, the third support level stands at $48.14.

Occidental Petroleum Corp (NYSE: OXY) Key Stats

There are 938,343K outstanding shares of the company, which has a market capitalization of 47.69 billion. As of now, sales total 28,257 M while income totals 4,696 M. Its latest quarter income was 7,173 M while its last quarter net income were 1,133 M.