Occidental Petroleum Corp. (NYSE:OXY) shares traded -0.26% lower at $68.55 on Wall Street last session.
OXY stock price is now 11.66% away from the 50-day moving average and 11.82% away from the 200-day moving average. The market capitalization of the company currently stands at $60.77B.
With the price target of $65, HSBC Securities recently initiated with Hold rating for Occidental Petroleum Corp. (NYSE: OXY). On January 03, 2024, Mizuho Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock keeping its target price maintained at $63, while ‘Morgan Stanley’ rates the stock as ‘Overweight’
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 $17.0 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 $16.91 billion. A total of 0.33% 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 $69.58. 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 $88.54B, which is based on a 17.56 price-to-earnings ratio, a 2.04 price-to-earnings-growth ratio, and a beta of 1.68. The fifty day moving average price for OXY is $61.59 and a two-hundred day moving average price translates $61.36 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.
