The stock of Occidental Petroleum Corp. (NYSE:OXY) last traded at $64.39, down -0.42% from the previous session.
OXY stock price is now -0.36% away from the 50-day moving average and 3.74% away from the 200-day moving average. The market capitalization of the company currently stands at $57.08B.
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With the price target maintained at $90, Scotiabank recently Upgraded its rating from Sector Perform to Sector Outperform for Occidental Petroleum Corp. (NYSE: OXY). On April 10, 2024, Barclays recently initiated its ‘Equal Weight’ rating on the stock quoting a target price of $73, while ‘HSBC Securities’ rates the stock as ‘Hold’
In other news, BERKSHIRE HATHAWAY INC, 10% Owner bought 1,405,827 shares of the company’s stock on Feb 05 ’24. The stock was bought for $79,860,964 at an average price of $56.81. Upon completion of the transaction, the 10% Owner now directly owns 248,018,128 shares in the company, valued at $15.97 billion. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 02 ’24, 10% Owner BERKSHIRE HATHAWAY INC bought 1,246,920 shares of the business’s stock. A total of $71,252,500 was incurred on buying the stock at an average price of $57.14. This leaves the insider owning 246,612,301 shares of the company worth $15.88 billion. A total of 0.33% of the company’s stock is owned by insiders.
During the past 12 months, Occidental Petroleum Corp. has had a low of $55.12 and a high of $71.18. As of last week, the company has a debt-to-equity ratio of 0.69, a current ratio of 0.92, and a quick ratio of 0.69.
According to the Oil & Gas E&P Company, earnings per share came in at 1.09, missing analysts’ expectations of 1.24 by -0.15. This compares to $1.09 EPS in the same period last year. The net profit margin was 13.24% and return on equity was 15.49% for OXY. The company reported revenue of $7.17 billion for the quarter, compared to $8.22 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -12.74 percent. For the current quarter, analysts expect OXY to generate $6.7B in revenue.
