why Occidental Petroleum Corporation [OXY] is a Good Choice for Investors After New Price Target of $41.16

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Occidental Petroleum Corporation [NYSE: OXY] price surged by 1.37 percent to reach at $0.45. The company report on January 6, 2022 that Occidental to Announce Fourth Quarter Results Thursday, February 24, 2022; Hold Conference Call Friday, February 25, 2022.

Occidental (NYSE:OXY) will announce its fourth quarter 2021 financial results after close of market on Thursday, February 24, 2022, and will hold a conference call to discuss results on Friday, February 25, 2022, at 1 p.m. Eastern/12 p.m. Central.


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The conference call may be accessed by calling 1-866-871-6512 (international callers dial 1-412-317-5417) or via webcast at oxy.com/investors. Participants may pre-register for the conference call at https://dpregister.com/sreg/10162667/f0506288be.

A sum of 14377632 shares traded at recent session while its average daily volume was at 15.34M shares. Occidental Petroleum Corporation shares reached a high of $33.425 and dropped to a low of $32.69 until finishing in the latest session at $33.21.

The one-year OXY stock forecast points to a potential upside of 19.31. The average equity rating for OXY stock is currently 2.50, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on Occidental Petroleum Corporation [OXY]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for OXY shares is $41.16 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on OXY stock is a recommendation set at 2.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Wells Fargo have made an estimate for Occidental Petroleum Corporation shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on January 05, 2022. While these analysts kept the previous recommendation, JP Morgan raised their target price from $37 to $39. The new note on the price target was released on December 09, 2021, representing the official price target for Occidental Petroleum Corporation stock. Previously, the target price had yet another raise from $35 to $50, while Truist kept a Buy rating on OXY stock. On September 29, 2021, analysts increased their price target for OXY shares from 35 to 40.

The Average True Range (ATR) for Occidental Petroleum Corporation is set at 1.37, with the Price to Sales ratio for OXY stock in the period of the last 12 months amounting to 1.37. The Price to Book ratio for the last quarter was 3.41, with the Price to Cash per share for the same quarter was set at 2.23. Price to Free Cash Flow for OXY in the course of the last twelve months was 4.95 with Quick ratio for the last quarter at 0.90.

OXY Stock Performance Analysis:

Occidental Petroleum Corporation [OXY] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 14.56. With this latest performance, OXY shares gained by 7.93% in over the last four-week period, additionally plugging by 10.74% over the last 6 months – not to mention a rise of 65.39% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for OXY stock in for the last two-week period is set at 62.94, with the RSI for the last a single of trading hit 68.11, and the three-weeks RSI is set at 59.28 for Occidental Petroleum Corporation [OXY]. The present Moving Average for the last 50 days of trading for this stock 30.89, while it was recorded at 32.44 for the last single week of trading, and 28.39 for the last 200 days.

Insight into Occidental Petroleum Corporation Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Occidental Petroleum Corporation [OXY] shares currently have an operating margin of -11.26 and a Gross Margin at +2.57. Occidental Petroleum Corporation’s Net Margin is presently recorded at -78.96.

Return on Total Capital for OXY is now -2.97, given the latest momentum, and Return on Invested Capital for the company is -21.05. Return on Equity for this stock declined to -51.26, with Return on Assets sitting at -13.72. When it comes to the capital structure of this company, Occidental Petroleum Corporation [OXY] has a Total Debt to Total Equity ratio set at 200.82. Additionally, OXY Total Debt to Total Capital is recorded at 66.76, with Total Debt to Total Assets ending up at 44.22. Long-Term Debt to Equity for the company is recorded at 412.96, with the Long-Term Debt to Total Capital now at 65.12.

Reflecting on the efficiency of the workforce at the company, Occidental Petroleum Corporation [OXY] managed to generate an average of -$1,146,864 per employee. Receivables Turnover for the company is 3.95 with a Total Asset Turnover recorded at a value of 0.17.Occidental Petroleum Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 1.10.

OXY Stock EPS

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for OXY. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Occidental Petroleum Corporation go to 37.40%.

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Occidental Petroleum Corporation [OXY] Insider Position Details

There are presently around $21,726 million, or 70.90% of OXY stock, in the hands of institutional investors. The top three institutional holders of OXY stocks are: DODGE & COX with ownership of 115,301,087, which is approximately -0.087% of the company’s market cap and around 0.10% of the total institutional ownership; VANGUARD GROUP INC, holding 97,587,956 shares of the stock with an approximate value of $3.24 billion in OXY stocks shares; and STATE STREET CORP, currently with $1.97 billion in OXY stock with ownership of nearly 6.645% of the company’s market capitalization.

Positions in Occidental Petroleum Corporation stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 319 institutional holders increased their position in Occidental Petroleum Corporation [NYSE:OXY] by around 42,059,106 shares. Additionally, 340 investors decreased positions by around 32,968,356 shares, while 157 investors held positions by with 579,161,767 shares. The mentioned changes placed institutional holdings at 654,189,229 shares, according to the latest SEC report filing. OXY stock had 76 new institutional investments in for a total of 9,009,500 shares, while 66 institutional investors sold positions of 2,056,991 shares during the same period.