In Friday’s Wall Street session, Occidental Petroleum Corp (NYSE:OXY) shares traded at $48.06, up 0.38% from the previous session.
OXY stock price is now -1.71% away from the 50-day moving average and -12.53% away from the 200-day moving average. The market capitalization of the company currently stands at $45.10B.
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 $12.73 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 $12.7 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. According to the stock market information, the enterprise value for the company is $79533768704, which is based on a 12.52 price-to-earnings ratio, a 5.22 price-to-earnings-growth ratio, and a beta of 1.55. The fifty day moving average price for OXY is $48.8938 and a two-hundred day moving average price translates $54.9428 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.
