Occidental Petroleum Corp. [NYSE: OXY] gained 2.24% or 1.12 points to close at $51.03 with a heavy trading volume of 15433931 shares.
The daily chart for OXY points out that the company has recorded -21.48% loss over the past six months.
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If we look at the average trading volume of 9.93M shares, OXY reached to a volume of 15433931 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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 $69.12 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 2.40. 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 Outperform, with their previous recommendation back on July 18, 2024. While these analysts kept the previous recommendation, Truist dropped their target price from $84 to $69. The new note on the price target was released on May 16, 2024, representing the official price target for Occidental Petroleum Corp. stock. Previously, the target price had yet another raise to $90, while Scotiabank analysts kept a Sector Outperform rating on OXY stock.
The Average True Range (ATR) for Occidental Petroleum Corp. is set at 1.18, with the Price to Sales ratio for OXY stock in the period of the last 12 months amounting to 1.67. The Price to Book ratio for the last quarter was 1.94, with the Price to Cash per share for the same quarter was set at 2.08. Price to Free Cash Flow for OXY in the course of the last twelve months was 11.41 with Quick ratio for the last quarter at 0.75.
Trading performance analysis for OXY stock
Occidental Petroleum Corp. [OXY] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.18. With this latest performance, OXY shares dropped by -10.13% in over the last four-week period, additionally sinking by -21.48% over the last 6 months – not to mention a drop of -22.21% 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 37.29, with the RSI for the last a single of trading hit 39.68, and the three-weeks RSI is set at 36.57 for Occidental Petroleum Corp. [OXY]. The present Moving Average for the last 50 days of trading for this stock 55.88, while it was recorded at 51.34 for the last single week of trading, and 60.29 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 0.75 and a Current Ratio set at 1.04.
Occidental Petroleum Corp. [OXY]: An earnings per share (EPS) analysis
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 Corp. go to 4.10%.
An analysis of Institutional ownership at Occidental Petroleum Corp. [OXY]
There are presently around $50.15%, or 69.23%% of OXY stock, in the hands of institutional investors. The top three institutional holders of OXY stocks are: BERKSHIRE HATHAWAY INC with ownership of 255.28 million shares, which is approximately 28.8747%. DODGE & COX, holding 78.36 million shares of the stock with an approximate value of $$4.94 billion in OXY stocks shares; and DODGE & COX, currently with $$3.54 billion in OXY stock with ownership which is approximately 6.3442%.
