In yesterday’s Wall Street session, Occidental Petroleum Corp. (NYSE:OXY) shares traded at $58.83, down -0.54% from the previous session.
As of this writing, 27 analysts cover Occidental Petroleum Corp. (NYSE:OXY). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $85.00 and a low of $60.00, we find $70.00. Given the previous closing price of $59.15, this indicates a potential upside of 18.34 percent. OXY stock price is now -5.70% away from the 50-day moving average and -4.17% away from the 200-day moving average. The market capitalization of the company currently stands at $51.79B.
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There are 15 analysts who have given it a hold rating, whereas 10 have given it a buy rating. Brokers who have rated the stock have averaged $71.35 as their price target over the next twelve months.
In other news, BERKSHIRE HATHAWAY INC, 10% Owner bought 1,040,067 shares of the company’s stock on Oct 25. The stock was bought for $65,574,456 at an average price of $63.05. Upon completion of the transaction, the 10% Owner now directly owns 228,051,027 shares in the company, valued at $13.42 billion. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 24, 10% Owner BERKSHIRE HATHAWAY INC bought 1,195,400 shares of the business’s stock. A total of $74,935,203 was incurred on buying the stock at an average price of $62.69. This leaves the insider owning 227,010,960 shares of the company worth $13.36 billion. Insiders disposed of 225,932 shares of company stock worth roughly $13.29 million over the past 1 year. A total of 0.29% of the company’s stock is owned by insiders.
Friday morning saw Occidental Petroleum Corp. (NYSE: OXY) opened at $59.10. During the past 12 months, Occidental Petroleum Corp. has had a low of $55.51 and a high of $70.35. As of last week, the company has a debt-to-equity ratio of 0.71, a current ratio of 0.92, and a quick ratio of 0.70. The fifty day moving average price for OXY is $62.31 and a two-hundred day moving average price translates $61.37 for the stock.
The latest earnings results from Occidental Petroleum Corp. (NYSE: OXY) was released for Sep, 2023. According to the Oil & Gas E&P Company, earnings per share came in at $1.18, beating analysts’ expectations of $0.84 by 0.34. This compares to $2.74 EPS in the same period last year. The net profit margin was 15.18% and return on equity was 18.61% for OXY. The company reported revenue of $7.16 billion for the quarter, compared to $9.39 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -23.77 percent. For the current quarter, analysts expect OXY to generate $7.46B in revenue.
