Occidental Petroleum Corporation [OXY] Is Currently -1.25 below its 200 Period Moving Avg: What Does This Mean?

Occidental Petroleum Corporation [NYSE: OXY] stock went on a downward path that fall over -1.25% on Friday, amounting to a one-week price increase of more than 3.17%. The company report on August 25, 2022 that Occidental, 1PointFive to Begin Construction of World’s Largest Direct Air Capture Plant in the Texas Permian Basin.


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Over the last 12 months, OXY stock rose by 206.46%. The one-year Occidental Petroleum Corporation stock forecast points to a potential upside of 3.27. The average equity rating for OXY stock is currently 2.50, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $69.38 billion, with 939.20 million shares outstanding and 922.20 million shares in the current float. Compared to the average trading volume of 27.32M shares, OXY stock reached a trading volume of 20476817 in the most recent trading day, which is why market watchdogs consider the stock to be active.

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 $76.04 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.

Tudor Pickering Holt & Co. have made an estimate for Occidental Petroleum Corporation shares, keeping their opinion on the stock as Hold, with their previous recommendation back on August 19, 2022. While these analysts kept the previous recommendation, MKM Partners raised their target price to Neutral. The new note on the price target was released on July 20, 2022, representing the official price target for Occidental Petroleum Corporation stock. Previously, the target price had yet another raise to $70, while Goldman analysts kept a Neutral rating on OXY stock.

The Average True Range (ATR) for Occidental Petroleum Corporation is set at 3.23, with the Price to Sales ratio for OXY stock in the period of the last 12 months amounting to 2.05. The Price to Book ratio for the last quarter was 3.82, with the Price to Cash per share for the same quarter was set at 1.44. Price to Free Cash Flow for OXY in the course of the last twelve months was 6.40 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 3.17. With this latest performance, OXY shares gained by 17.42% in over the last four-week period, additionally plugging by 89.86% over the last 6 months – not to mention a rise of 206.46% 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 65.16, with the RSI for the last a single of trading hit 68.00, and the three-weeks RSI is set at 62.44 for Occidental Petroleum Corporation [OXY]. The present Moving Average for the last 50 days of trading for this stock 62.29, while it was recorded at 73.15 for the last single week of trading, and 50.81 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 +17.99 and a Gross Margin at +29.29. Occidental Petroleum Corporation’s Net Margin is presently recorded at +10.71.

Return on Equity for this stock inclined to 14.29, with Return on Assets sitting at 3.41.

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 35.08%.

Occidental Petroleum Corporation [OXY] Insider Position Details

There are presently around $54,585 million, or 79.80% of OXY stock, in the hands of institutional investors. The top three institutional holders of OXY stocks are: BERKSHIRE HATHAWAY INC with ownership of 158,549,729, which is approximately 16.262% of the company’s market cap and around 0.20% of the total institutional ownership; DODGE & COX, holding 98,421,141 shares of the stock with an approximate value of $7.24 billion in OXY stocks shares; and VANGUARD GROUP INC, currently with $5.93 billion in OXY stock with ownership of nearly -20.929% of the company’s market capitalization.

Positions in Occidental Petroleum Corporation stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 557 institutional holders increased their position in Occidental Petroleum Corporation [NYSE:OXY] by around 68,146,706 shares. Additionally, 415 investors decreased positions by around 100,255,970 shares, while 169 investors held positions by with 573,744,707 shares. The mentioned changes placed institutional holdings at 742,147,383 shares, according to the latest SEC report filing. OXY stock had 172 new institutional investments in for a total of 6,953,812 shares, while 98 institutional investors sold positions of 9,943,658 shares during the same period.

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