Stocks of Occidental Petroleum Corp (NYSE:OXY) traded higher last session on Wall Street, down -2.41% to $45.33.
OXY stock price is now 10.28% away from the 50-day moving average and -5.26% away from the 200-day moving average. The market capitalization of the company currently stands at $44.61B.
With the price target maintained at $40, Scotiabank recently Downgraded its rating from Sector Outperform to Sector Perform for Occidental Petroleum Corp (NYSE: OXY). On April 08, 2025, TD Cowen Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock keeping its target price maintained at $45, while ‘Raymond James’ rates the stock as ‘Outperform’
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 $12.01 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 $11.98 billion. A total of 0.38% of the company’s stock is owned by insiders.
During the past 12 months, Occidental Petroleum Corp has had a low of $34.78 and a high of $64.75. As of last week, the company has a debt-to-equity ratio of 0.75, a current ratio of 1.01, and a quick ratio of 0.79. According to the stock market information, the enterprise value for the company is $76665733120, which is based on a 18.35 price-to-earnings ratio, a 2.94 price-to-earnings-growth ratio, and a beta of 0.85. The fifty day moving average price for OXY is $41.106 and a two-hundred day moving average price translates $47.84895 for the stock.
The latest earnings results from Occidental Petroleum Corp (NYSE: OXY) was released for 2025-03-31. The net profit margin was 8.67% and return on equity was 9.43% for OXY. The company reported revenue of $6.8 billion for the quarter, compared to $5.97 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 13.86 percent.
