Stocks of Occidental Petroleum Corp. (NYSE:OXY) traded higher last session on Wall Street, down -1.00% to $59.48.
OXY stock price is now -8.47% away from the 50-day moving average and -4.12% away from the 200-day moving average. The market capitalization of the company currently stands at $52.74B.
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With the price target reduced from $84 to $69, Truist Downgraded its rating from Buy to Hold for Occidental Petroleum Corp. (NYSE: OXY). On April 11, 2024, Scotiabank Upgraded its previous ‘Sector Perform’ rating to ‘Sector Outperform’ on the stock keeping its target price maintained at $90, while ‘Barclays’ rates the stock as ‘Equal Weight’
In other news, BERKSHIRE HATHAWAY INC, 10% Owner bought 1,386,844 shares of the company’s stock on Jun 07 ’24. The stock was bought for $82,751,179 at an average price of $59.67. Upon completion of the transaction, the 10% Owner now directly owns 250,583,605 shares in the company, valued at $14.9 billion. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 06 ’24, 10% Owner BERKSHIRE HATHAWAY INC bought 654,293 shares of the business’s stock. A total of $39,214,528 was incurred on buying the stock at an average price of $59.93. This leaves the insider owning 249,196,761 shares of the company worth $14.82 billion. A total of 0.30% 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. According to the stock market information, the enterprise value for the company is $80744153088, which is based on a 16.27 price-to-earnings ratio, a 1.94 price-to-earnings-growth ratio, and a beta of 1.64. The fifty day moving average price for OXY is $64.8872 and a two-hundred day moving average price translates $62.0163 for the stock.
The latest earnings results from Occidental Petroleum Corp. (NYSE: OXY) was released for 2024-03-31. According to the Oil & Gas E&P Company, earnings per share came in at 0.68, missing analysts’ expectations of 0.72 by -0.04. This compares to $0.00 EPS in the same period last year. 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. For the current quarter, analysts expect OXY to generate $7.11B in revenue.
