Occidental Petroleum Corp [NYSE: OXY] stock went on an upward path that rose over 0.55% on Monday, amounting to a one-week price increase of more than 0.49%.
Over the last 12 months, OXY stock dropped by -16.13%. The one-year Occidental Petroleum Corp stock forecast points to a potential upside of 20.94. The average equity rating for OXY stock is currently 2.44, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $45.40 billion, with 905.62 million shares outstanding and 903.02 million shares in the current float. Compared to the average trading volume of 12.18M shares, OXY stock reached a trading volume of 10580083 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 $64.27 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 2.44. 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.
JP Morgan have made an estimate for Occidental Petroleum Corp shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on November 08, 2024. While these analysts kept the previous recommendation, BofA Securities raised their target price to Neutral. The new note on the price target was released on October 17, 2024, representing the official price target for Occidental Petroleum Corp stock. Previously, the target price had yet another raise to $55, while Goldman analysts kept a Neutral rating on OXY stock.
The Average True Range (ATR) for Occidental Petroleum Corp is set at 1.05, with the Price to Sales ratio for OXY stock in the period of the last 12 months amounting to 1.64. 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 2.10. Price to Free Cash Flow for OXY in the course of the last twelve months was 11.21 with Quick ratio for the last quarter at 0.75.
OXY Stock Performance Analysis:
Occidental Petroleum Corp [OXY] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.49. With this latest performance, OXY shares dropped by -7.21% in over the last four-week period, additionally sinking by -19.23% over the last 6 months – not to mention a drop of -16.13% 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 44.85, with the RSI for the last a single of trading hit 46.70, and the three-weeks RSI is set at 43.89 for Occidental Petroleum Corp [OXY]. The present Moving Average for the last 50 days of trading for this stock 52.07, while it was recorded at 50.87 for the last single week of trading, and 59.30 for the last 200 days.
Insight into Occidental Petroleum Corp Fundamentals:
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.
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 Corp go to 14.00%.
Occidental Petroleum Corp [OXY] Institutonal Ownership Details
There are presently around $50.67%, or 69.95%% 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%.
