In Friday’s Wall Street session, Occidental Petroleum Corp (NYSE:OXY) shares traded at $50.42, down -3.21% from the previous session.
OXY stock price is now 2.83% away from the 50-day moving average and -7.75% away from the 200-day moving average. The market capitalization of the company currently stands at $47.32B.
With the price target reduced from $54 to $45, Goldman Downgraded its rating from Neutral to Sell for Occidental Petroleum Corp (NYSE: OXY)., while ‘BofA Securities’ rates the stock as ‘Neutral’
In other news, BERKSHIRE HATHAWAY INC, 10% Owner bought 763,017 shares of the company’s stock on Feb 07 ’25. The stock was bought for $35,724,074 at an average price of $46.82. Upon completion of the transaction, the 10% Owner now directly owns 264,941,431 shares in the company, valued at $13.36 billion. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 19 ’24, 10% Owner BERKSHIRE HATHAWAY INC bought 3,614,015 shares of the business’s stock. A total of $164,787,626 was incurred on buying the stock at an average price of $45.60. This leaves the insider owning 264,178,414 shares of the company worth $13.32 billion. A total of 0.41% 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 0.79, a current ratio of 0.95, and a quick ratio of 0.73.
The net profit margin was 8.72% and return on equity was 8.88% for OXY. The company reported revenue of $6.76 billion for the quarter, compared to $7.17 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -5.74 percent.
