Occidental Petroleum Corp. [OXY] is -2.81% lower this YTD. Is it still time to buy?

Occidental Petroleum Corp. [NYSE: OXY] gained 0.97% on the last trading session, reaching $58.03 price per share at the time. The company report on February 8, 2024 at 12:30 PM that Occidental Increases Dividend.

If compared to the average trading volume of 0.91 shares, OXY reached a trading volume of 8854218 in the most recent trading day, which is why market watchdogs consider the stock to be active.

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Here is what top equities market gurus are saying about 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 $66.73 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 2.38. 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.

Mizuho have made an estimate for Occidental Petroleum Corp. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on January 03, 2024.

The Average True Range (ATR) for Occidental Petroleum Corp. is set at 1.07, with the Price to Sales ratio for OXY stock in the period of the last 12 months amounting to 1.74. The Price to Book ratio for the last quarter was 2.42, 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 7.49 with Quick ratio for the last quarter at 0.70.

Trading performance analysis for OXY stock

Occidental Petroleum Corp. [OXY] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.84. With this latest performance, OXY shares gained by 1.58% in over the last four-week period, additionally sinking by -11.86% over the last 6 months – not to mention a drop of -8.18% 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 51.29, with the RSI for the last a single of trading hit 54.57, and the three-weeks RSI is set at 49.29 for Occidental Petroleum Corp. [OXY]. The present Moving Average for the last 50 days of trading for this stock 58.13, while it was recorded at 57.75 for the last single week of trading, and 60.63 for the last 200 days.

Occidental Petroleum Corp. [OXY]: A deeper dive into fundamental analysis

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]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Occidental Petroleum Corp. posted 1.61/share EPS, while the average EPS was predicted by analysts to be reported at 1.8/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -10.60%. 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.

An analysis of Institutional ownership at Occidental Petroleum Corp. [OXY]

The top three institutional holders of OXY stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in OXY stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in OXY stock with ownership which is approximately 5.8325%.