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Occidental Petroleum (OXY)
NYSE:OXY
Occidental Petroleum (OXY) Stock Price & Analysis
7,740 Followers
OXY Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$54.92 - $71.19
Previous Close$62.5
Volume7.98M
Average Volume (3M)7.03M
Market Cap
$55.41B
Enterprise Value$75.51B
Total Cash (Recent Filing)$611.00M
Total Debt (Recent Filing)$20.71B
Price to Earnings (P/E)17.1
Beta0.73
Next Earnings
Jul 31, 2024EPS Estimate
$0.92Next Dividend Ex-Date
Jun 10, 2024Dividend Yield1.22%
Share Statistics
EPS (TTM)3.65
Shares Outstanding886,636,750
10 Day Avg. Volume5,720,316
30 Day Avg. Volume7,027,131
Standard Deviation0.19
R-Squared0.22
Alpha0.00724
Financial Highlights & Ratios
Price to Book (P/B)2.58
Price to Sales (P/S)6.74
Price to Cash Flow (P/CF)4.30
P/FCF Ratio4.10
Enterprise Value/Market CapN/A
Enterprise Value/Revenue2.49
Enterprise Value/Gross Profit4.28
Enterprise Value/Ebitda5.34
Forecast
1Y Price Target
$72.15Price Target Upside15.44% Upside
Rating ConsensusHold
Number of Analyst Covering14
Occidental Petroleum News
PremiumStock Analysis & Ideas
Occidental Petroleum (NYSE:OXY): Is This Buffett Stock a Buy Now?
Bulls Say, Bears Say
Bulls Say
Operational EfficiencyIncreased uptime, lower base decline rates, and drilling and completion productivity gains are contributing to steady performance in Permian and Rockies regions.
Production And Financial PerformanceOccidental is forecasted to have solid production upside driven by organic and external Permian activity, potentially boosted by the CrownRock deal improving inventory and production.
Strategic Financial ManagementManagement is optimistic about the asset sale program, which has attracted significant interest, indicating potential for strong financial inflows.
Bears Say
Company ValuationAnalyst downgrades the stock due to valuation concerns, decreasing the price target from $69 to $84.
Investment StrategyCapital allocation to Low Carbon Ventures is seen as less favorable, with traditional oil assets expected to generate better returns in the near term.
Operating EfficiencyOccidental's asset portfolio is not fully leveraged, with less than 20% being high-value unconventional Permian Basin acres.
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Risk Analysis
Main Risk Category
Macro & PoliticalRisks related to catastrophic events or geopolitical conditions that may disrupt the company’s business
OXY FAQ
What was Occidental Petroleum’s price range in the past 12 months?
Occidental Petroleum lowest stock price was $54.92 and its highest was $71.19 in the past 12 months.
What is Occidental Petroleum’s market cap?
Currently, no data Available
When is Occidental Petroleum’s upcoming earnings report date?
Occidental Petroleum’s upcoming earnings report date is Jul 31, 2024 which is in 59 days.
How were Occidental Petroleum’s earnings last quarter?
Occidental Petroleum released its earnings results on May 07, 2024. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.577 by $0.053.
Is Occidental Petroleum overvalued?
According to Wall Street analysts Occidental Petroleum’s price is currently Undervalued.
Does Occidental Petroleum pay dividends?
Occidental Petroleum pays a Quarterly dividend of $0.22 which represents an annual dividend yield of 1.22%. See more information on Occidental Petroleum dividends here
What is Occidental Petroleum’s EPS estimate?
Occidental Petroleum’s EPS estimate is $0.92.
How many shares outstanding does Occidental Petroleum have?
Occidental Petroleum has 886,636,800 shares outstanding.
What happened to Occidental Petroleum’s price movement after its last earnings report?
Occidental Petroleum reported an EPS of $0.63 in its last earnings report, beating expectations of $0.577. Following the earnings report the stock price went down -2.136%.
Which hedge fund is a major shareholder of Occidental Petroleum?
Among the largest hedge funds holding Occidental Petroleum’s share is Berkshire Hathaway Inc. It holds Occidental Petroleum’s shares valued at 16B.
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Occidental Petroleum Stock Smart Score
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Hold
Average Price Target:
$72.15 (15.44% Upside)
$72.15 (15.44% Upside)
Blogger Sentiment
Bullish
OXY Sentiment 86%
Sector Average 73%
Sector Average 73%
Hedge Fund Trend
Increased
By 9.8M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Bought Shares
Worth $172.3K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Positive
Last 7 Days ▼ 0.2%
Last 30 Days ▲ 3.4%
Last 30 Days ▲ 3.4%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
9.76%
12-Months-Change
Fundamentals
Return on Equity
13.64%
Trailing 12-Months
Asset Growth
3.74%
Trailing 12-Months
Company Description
Occidental Petroleum
Occidental Petroleum Corp. engages in the exploration and production of oil and natural gas. It operates through the following segments: Oil and Gas, Chemical, and Midstream and Marketing. The Oil and Gas segment explores for, develops and produces oil and condensate, natural gas liquids and natural gas. The Chemical segment manufactures and markets basic chemicals and vinyls. The Midstream and Marketing segment purchases, markets, gathers, processes, transports and stores oil, condensate, natural gas liquids, natural gas, carbon dioxide, and power. The company was founded in 1920 and is headquartered in Houston, TX.
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OXY Company Deck
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OXY Earnings Call
Q1 2024
0:00 / 0:00
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OXY Stock 12 Month Forecast
Average Price Target
$72.15
▲(15.44% Upside)
Technical Analysis
Best Analysts Covering OXY
1 Year
1 Year Success Rate
15/19 ratings generated profit
1 Year Average Return
+27.97%
reiterated a buy rating 4 months ago
Copying John Freeman's trades and holding each position for 1 Year would result in 78.95% of your transactions generating a profit, with an average return of +27.97% per trade.
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