The stock of Occidental Petroleum Corp (NYSE:OXY) last traded at $48.83, down -1.37% from the previous session.
OXY stock price is now 0.99% away from the 50-day moving average and -7.56% away from the 200-day moving average. The market capitalization of the company currently stands at $45.89B.
With the price target reduced from $81 to $64, Raymond James Downgraded its rating from Strong Buy to Outperform for Occidental Petroleum Corp (NYSE: OXY). On January 31, 2025, Goldman Downgraded its previous ‘Neutral’ rating to ‘Sell’ on the stock reducing its target price from $54 to quote $45, while ‘JP Morgan’ 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 $12.94 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 $12.9 billion. A total of 0.43% of the company’s stock is owned by insiders.
During the past 12 months, Occidental Petroleum Corp has had a low of $44.70 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. According to the stock market information, the enterprise value for the company is $79407005696, which is based on a 19.94 price-to-earnings ratio, a 3.66 price-to-earnings-growth ratio, and a beta of 1.04. The fifty day moving average price for OXY is $48.3506 and a two-hundred day moving average price translates $52.82465 for the stock.
The latest earnings results from Occidental Petroleum Corp (NYSE: OXY) was released for 2024-12-31. 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.
