Occidental Petroleum Corp. (NYSE:OXY) shares traded 1.50% higher at $52.06 on Wall Street last session.
OXY stock price is now -9.83% away from the 50-day moving average and -14.04% away from the 200-day moving average. The market capitalization of the company currently stands at $47.15B.
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On May 16, 2024, Truist Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock reducing its target price from $84 to quote $69, while ‘Scotiabank’ rates the stock as ‘Sector Outperform’
In other news, OCCIDENTAL PETROLEUM CORP /DE/, 10% Owner sold 19,500,000 shares of the company’s stock on Aug 14 ’24. The stock was sold for $697,125,000 at an average price of $35.75. Upon completion of the transaction, the 10% Owner now directly owns 165,681,578 shares in the company, valued at $8.63 billion. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 14 ’24, 10% Owner OCCIDENTAL PETROLEUM CORP /DE/ sold 19,500,000 shares of the business’s stock. A total of $697,125,000 was realized by selling the stock at an average price of $35.75. This leaves the insider owning 165,681,578 shares of the company worth $8.63 billion. A total of 0.29% of the company’s stock is owned by insiders.
During the past 12 months, Occidental Petroleum Corp. has had a low of $49.90 and a high of $71.18. As of last week, the company has a debt-to-equity ratio of 0.65, a current ratio of 1.04, and a quick ratio of 0.75. According to the stock market information, the enterprise value for the company is $74609352704, which is based on a 12.84 price-to-earnings ratio, a 3.13 price-to-earnings-growth ratio, and a beta of 1.61. The fifty day moving average price for OXY is $57.56 and a two-hundred day moving average price translates $60.5224 for the stock.
The latest earnings results from Occidental Petroleum Corp. (NYSE: OXY) was released for 2024-06-30. The net profit margin was 13.98% and return on equity was 14.44% for OXY. The company reported revenue of $6.82 billion for the quarter, compared to $6.7 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.72 percent.
