In Friday’s Wall Street session, Occidental Petroleum Corp. (NYSE:OXY) shares traded at $63.57, down -1.04% from the previous session.
OXY stock price is now -2.25% away from the 50-day moving average and 2.29% away from the 200-day moving average. The market capitalization of the company currently stands at $56.36B.
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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 $15.77 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 $15.68 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 0.68, a current ratio of 0.95, and a quick ratio of 0.71.
The net profit margin was 12.71% and return on equity was 13.64% for OXY. The company reported revenue of $5.97 billion for the quarter, compared to $7.22 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -17.3 percent.
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