In yesterday’s Wall Street session, Occidental Petroleum Corp (NYSE:OXY) shares traded at $48.61, up 0.48% from the previous session.
OXY stock price is now -0.89% away from the 50-day moving average and -12.01% away from the 200-day moving average. The market capitalization of the company currently stands at $45.61B.
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With the price target reduced from $54 to $45, Goldman Downgraded its rating from Neutral to Sell for Occidental Petroleum Corp (NYSE: OXY)., while ‘BofA Securities’ rates the stock as ‘Neutral’
In other news, BERKSHIRE HATHAWAY INC, 10% Owner bought 763,017 shares of the company’s stock on Feb 07 ’25. The stock was bought for $35,724,074 at an average price of $46.82. Upon completion of the transaction, the 10% Owner now directly owns 264,941,431 shares in the company, valued at $12.88 billion. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 19 ’24, 10% Owner BERKSHIRE HATHAWAY INC bought 3,614,015 shares of the business’s stock. A total of $164,787,626 was incurred on buying the stock at an average price of $45.60. This leaves the insider owning 264,178,414 shares of the company worth $12.84 billion. A total of 0.43% of the company’s stock is owned by insiders.
During the past 12 months, Occidental Petroleum Corp has had a low of $45.17 and a high of $71.18. As of last week, the company has a debt-to-equity ratio of 0.80, a current ratio of 1.00, and a quick ratio of 0.76. According to the stock market information, the enterprise value for the company is $80049856512, which is based on a 12.66 price-to-earnings ratio, a 4.32 price-to-earnings-growth ratio, and a beta of 1.55. The fifty day moving average price for OXY is $49.0696 and a two-hundred day moving average price translates $55.337 for the stock.
The latest earnings results from Occidental Petroleum Corp (NYSE: OXY) was released for 2024-09-30. The net profit margin was 13.38% and return on equity was 13.06% for OXY. The company reported revenue of $7.17 billion for the quarter, compared to $7.16 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.21 percent. For the current quarter, analysts expect OXY to generate $7.14B in revenue.
