Occidental Petroleum Corporation [OXY] Revenue clocked in at $36.47 billion, up 115.94% YTD: What’s Next?

Occidental Petroleum Corporation [NYSE: OXY] slipped around -1.11 points on Friday, while shares priced at $62.60 at the close of the session, down -1.74%. The company report on December 8, 2022 that Smead Capital Management Hosts Second Annual Investor Oasis.


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Smead Capital Management announces their second annual Smead Investor Oasis on February 6th, 2023, in Scottsdale, AZ at the Hilton Scottsdale Resort. The event promises engaging presentations not only from Smead Capital, but luminaries in business and academics. The warm desert air invites a convivial atmosphere for stimulating ideas on investing, business, and the future of free-market capitalism.

Smead Capital is honored to welcome Vicki Hollub, President and CEO of Occidental (Oxy), for a discussion on her management style, including how she addresses challenges that the business may face, what she has learned in her career, how recent events have shaped Oxy and the energy industry, and her outlook on the energy business.

Occidental Petroleum Corporation stock is now 115.94% up from its year-to-date (YTD) trading value. OXY Stock saw the intraday high of $64.03 and lowest of $62.52 per share. The company’s 52-week high price is 77.13, which means current price is +114.75% above from all time high which was touched on 08/29/22.

Compared to the average trading volume of 18.84M shares, OXY reached a trading volume of 11949351 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about 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 $77.39 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 2.60. 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 Equal Weight, with their previous recommendation back on November 14, 2022. While these analysts kept the previous recommendation, Piper Sandler dropped their target price from $78 to $76. The new note on the price target was released on November 11, 2022, representing the official price target for Occidental Petroleum Corporation stock. Previously, the target price had yet another raise from $65 to $67, while Citigroup kept a Neutral rating on OXY stock.

The Average True Range (ATR) for Occidental Petroleum Corporation is set at 2.66, with the Price to Sales ratio for OXY stock in the period of the last 12 months amounting to 1.59. The Price to Book ratio for the last quarter was 3.04, with the Price to Cash per share for the same quarter was set at 1.33. Price to Free Cash Flow for OXY in the course of the last twelve months was 5.19 with Quick ratio for the last quarter at 0.90.

How has OXY stock performed recently?

Occidental Petroleum Corporation [OXY] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -8.22. With this latest performance, OXY shares dropped by -7.85% in over the last four-week period, additionally sinking by -1.99% over the last 6 months – not to mention a rise of 107.01% 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 33.29, with the RSI for the last a single of trading hit 24.69, and the three-weeks RSI is set at 38.73 for Occidental Petroleum Corporation [OXY]. The present Moving Average for the last 50 days of trading for this stock 69.36, while it was recorded at 64.15 for the last single week of trading, and 63.39 for the last 200 days.

Occidental Petroleum Corporation [OXY]: Deeper insight into the 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.

Earnings analysis for Occidental Petroleum Corporation [OXY]

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 24.93%.

Insider trade positions for Occidental Petroleum Corporation [OXY]

There are presently around $45,055 million, or 79.40% of OXY stock, in the hands of institutional investors. The top three institutional holders of OXY stocks are: BERKSHIRE HATHAWAY INC with ownership of 194,351,650, which is approximately 22.581% of the company’s market cap and around 0.18% of the total institutional ownership; DODGE & COX, holding 94,978,388 shares of the stock with an approximate value of $5.95 billion in OXY stocks shares; and VANGUARD GROUP INC, currently with $3.87 billion in OXY stock with ownership of nearly -23.284% of the company’s market capitalization.

Positions in Occidental Petroleum Corporation stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 547 institutional holders increased their position in Occidental Petroleum Corporation [NYSE:OXY] by around 64,096,420 shares. Additionally, 472 investors decreased positions by around 105,631,275 shares, while 177 investors held positions by with 550,004,591 shares. The mentioned changes placed institutional holdings at 719,732,286 shares, according to the latest SEC report filing. OXY stock had 159 new institutional investments in for a total of 11,968,149 shares, while 101 institutional investors sold positions of 8,941,566 shares during the same period.

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