In yesterday’s Wall Street session, Occidental Petroleum Corp (NYSE:OXY) shares traded at $50.51, up 1.41% from the previous session.
OXY stock price is now 1.91% away from the 50-day moving average and -11.95% away from the 200-day moving average. The market capitalization of the company currently stands at $48.06B.
, while ‘Goldman’ rates the stock as ‘Neutral’
In other news, BERKSHIRE HATHAWAY INC, 10% Owner bought 3,614,015 shares of the company’s stock on Dec 19 ’24. The stock was bought for $164,787,626 at an average price of $45.60. Upon completion of the transaction, the 10% Owner now directly owns 264,178,414 shares in the company, valued at $13.34 billion. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 18 ’24, 10% Owner BERKSHIRE HATHAWAY INC bought 2,805,513 shares of the business’s stock. A total of $129,777,124 was incurred on buying the stock at an average price of $46.26. This leaves the insider owning 260,564,399 shares of the company worth $13.16 billion. A total of 0.29% of the company’s stock is owned by insiders.
During the past 12 months, Occidental Petroleum Corp has had a low of $45.17 and a high of $71.18. As of last week, the company has a debt-to-equity ratio of 0.80, a current ratio of 1.00, and a quick ratio of 0.76. The fifty day moving average price for OXY is $49.5626 and a two-hundred day moving average price translates $57.36785 for the stock.
The latest earnings results from Occidental Petroleum Corp (NYSE: OXY) was released for 2024-09-30. The net profit margin was 13.38% and return on equity was 13.06% for OXY. The company reported revenue of $7.17 billion for the quarter, compared to $7.16 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.21 percent.
