The stock of Occidental Petroleum Corp. (NYSE:OXY) last traded at $62.36, down -0.83% from the previous session.
OXY stock price is now -1.11% away from the 50-day moving average and 0.83% away from the 200-day moving average. The market capitalization of the company currently stands at $55.29B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
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 334,461 shares of the company’s stock on Jun 17 ’24. The stock was bought for $19,983,744 at an average price of $59.75. Upon completion of the transaction, the 10% Owner now directly owns 255,281,524 shares in the company, valued at $15.92 billion. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 14 ’24, 10% Owner BERKSHIRE HATHAWAY INC bought 1,060,653 shares of the business’s stock. A total of $63,203,570 was incurred on buying the stock at an average price of $59.59. This leaves the insider owning 254,947,063 shares of the company worth $15.9 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 $83297665024, which is based on a 17.06 price-to-earnings ratio, a 2.03 price-to-earnings-growth ratio, and a beta of 1.64. The fifty day moving average price for OXY is $62.9774 and a two-hundred day moving average price translates $61.8208 for the stock.
The latest earnings results from Occidental Petroleum Corp. (NYSE: OXY) was released for 2024-03-31. 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.
