Occidental Petroleum Corp. [NYSE: OXY] stock went on an upward path that rose over 1.03% on Monday, amounting to a one-week price decrease of less than -0.23%. The company report on November 7, 2023 at 4:20 PM that Occidental and BlackRock Form Joint Venture to Develop STRATOS, the World’s Largest Direct Air Capture Plant.
STRATOS designed to capture 500,000 tonnes of CO₂ per year.
BlackRock $550 million investment to advance construction underway in Texas.
Over the last 12 months, OXY stock dropped by -12.59%. The one-year Occidental Petroleum Corp. stock forecast points to a potential upside of 13.58. The average equity rating for OXY stock is currently 2.34, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $54.24 billion, with 899.86 million shares outstanding and 877.55 million shares in the current float. Compared to the average trading volume of 9.17M shares, OXY stock reached a trading volume of 6824948 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Occidental Petroleum Corp. [OXY]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for OXY shares is $71.29 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 2.34. 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.
Wolfe Research have made an estimate for Occidental Petroleum Corp. shares, keeping their opinion on the stock as Peer Perform, with their previous recommendation back on November 10, 2023.
The Average True Range (ATR) for Occidental Petroleum Corp. is set at 1.48, with the Price to Sales ratio for OXY stock in the period of the last 12 months amounting to 1.85. The Price to Book ratio for the last quarter was 2.57, with the Price to Cash per share for the same quarter was set at 0.72. Price to Free Cash Flow for OXY in the course of the last twelve months was 7.98 with Quick ratio for the last quarter at 0.70.
OXY Stock Performance Analysis:
Occidental Petroleum Corp. [OXY] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.23. With this latest performance, OXY shares dropped by -4.29% in over the last four-week period, additionally plugging by 5.28% over the last 6 months – not to mention a drop of -12.59% 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 45.93, with the RSI for the last a single of trading hit 46.46, and the three-weeks RSI is set at 46.50 for Occidental Petroleum Corp. [OXY]. The present Moving Average for the last 50 days of trading for this stock 63.63, while it was recorded at 60.90 for the last single week of trading, and 61.59 for the last 200 days.
Insight into Occidental Petroleum Corp. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Occidental Petroleum Corp. [OXY] shares currently have an operating margin of +36.64 and a Gross Margin at +47.03. Occidental Petroleum Corp.’s Net Margin is presently recorded at +36.47.
Return on Total Capital for OXY is now 26.16, given the latest momentum, and Return on Invested Capital for the company is 26.24. Return on Equity for this stock inclined to 52.45, with Return on Assets sitting at 17.26. When it comes to the capital structure of this company, Occidental Petroleum Corp. [OXY] has a Total Debt to Total Equity ratio set at 69.02. Additionally, OXY Total Debt to Total Capital is recorded at 40.84, with Total Debt to Total Assets ending up at 27.78. Long-Term Debt to Equity for the company is recorded at 100.02, with the Long-Term Debt to Total Capital now at 39.97.
Reflecting on the efficiency of the workforce at the company, Occidental Petroleum Corp. [OXY] managed to generate an average of $1,104,235 per employee. Receivables Turnover for the company is 8.17 with a Total Asset Turnover recorded at a value of 0.47.Occidental Petroleum Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.70 and a Current Ratio set at 0.92.
Occidental Petroleum Corp. [OXY] Institutonal Ownership Details
The top three institutional holders of OXY stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2579%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $201.66 billion in OXY stocks shares; and BERKSHIRE HATHAWAY INC, currently with $177.59 billion in OXY stock with ownership which is approximately 5.7994%.