In yesterday’s Wall Street session, Occidental Petroleum Corp. (NYSE:OXY) shares traded at $63.32, down -1.91% from the previous session.
OXY stock price is now 6.15% away from the 50-day moving average and 3.91% away from the 200-day moving average. The market capitalization of the company currently stands at $55.69B.
With the price target maintained at $63, Mizuho recently Downgraded its rating from Buy to Neutral for Occidental Petroleum Corp. (NYSE: OXY). On December 11, 2023, Morgan Stanley Upgraded its previous ‘Equal-Weight’ rating to ‘Overweight’ on the stock keeping its target price maintained at $68, while ‘Wolfe Research’ rates the stock as ‘Peer Perform’
In other news, BERKSHIRE HATHAWAY INC, 10% Owner bought 1,405,827 shares of the company’s stock on Feb 05 ’24. The stock was bought for $79,860,964 at an average price of $56.81. Upon completion of the transaction, the 10% Owner now directly owns 248,018,128 shares in the company, valued at $15.7 billion. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 02 ’24, 10% Owner BERKSHIRE HATHAWAY INC bought 1,246,920 shares of the business’s stock. A total of $71,252,500 was incurred on buying the stock at an average price of $57.14. This leaves the insider owning 246,612,301 shares of the company worth $15.62 billion. A total of 0.38% of the company’s stock is owned by insiders.
During the past 12 months, Occidental Petroleum Corp. has had a low of $55.12 and a high of $67.67. As of last week, the company has a debt-to-equity ratio of 0.69, a current ratio of 0.92, and a quick ratio of 0.69. According to the stock market information, the enterprise value for the company is $83.90B, which is based on a 16.22 price-to-earnings ratio, a 1.89 price-to-earnings-growth ratio, and a beta of 1.66. The fifty day moving average price for OXY is $59.76 and a two-hundred day moving average price translates $60.96 for the stock.
The latest earnings results from Occidental Petroleum Corp. (NYSE: OXY) was released for Dec, 2023. According to the Oil & Gas E&P Company, earnings per share came in at $0.74, beating analysts’ expectations of $0.71 by 0.03. This compares to $1.09 EPS in the same period last year. The net profit margin was 13.24% and return on equity was 15.49% for OXY. The company reported revenue of $7.17 billion for the quarter, compared to $8.22 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -12.74 percent. For the current quarter, analysts expect OXY to generate $6.61B in revenue.
