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Occidental Petroleum (OXY)
NYSE:OXY
Occidental Petroleum (OXY) Stock Price & Analysis
7,517 Followers
OXY Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$54.92 - $71.19
Previous Close$66.04
Volume7.02M
Average Volume (3M)8.58M
Market Cap
$58.54B
Enterprise Value$78.64B
Total Cash (Recent Filing)$611.00M
Total Debt (Recent Filing)$20.71B
Price to Earnings (P/E)16.9
Beta0.80
Next Earnings
May 07, 2024EPS Estimate
$0.59Last Dividend Ex-Date
Mar 07, 2024Dividend Yield1.15%
Share Statistics
EPS (TTM)3.90
Shares Outstanding879,499,439
10 Day Avg. Volume9,111,638
30 Day Avg. Volume8,584,991
Standard Deviation0.19
R-Squared0.21
Alpha0.00288
Financial Highlights & Ratios
Price to Book (P/B)2.80
Price to Sales (P/S)7.06
Price to Cash Flow (P/CF)4.70
P/FCF Ratio4.40
Enterprise Value/Market CapN/A
Enterprise Value/Revenue2.60
Enterprise Value/Gross Profit4.46
Enterprise Value/Ebitda7.57
Forecast
1Y Price Target
$71.94Price Target Upside8.93% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering18
Occidental Petroleum News
Bulls Say, Bears Say
Bulls Say
Dividend And Debt StrategyStrong cash flow from higher oil and gas production is funding a dividend growth and debt paydown.
Financial PerformanceAdjusted EPS of $0.74 beat estimates, with all three segments exceeding expectations led by oil and gas.
Strategic InvestmentsDeveloping DAC, CCS, and low carbon products to drive longer-term growth, potentially rivaling oil and gas business.
Bears Say
Financial PerformanceIncreased operational expenses and realized oil pricing below consensus led to an 8% EBITDAX miss.
Production AdjustmentsGulf of Mexico production revised lower due to persistent third-party facility outage.
Strategy And OutlookOXY is not expected to repurchase shares until late 2025 due to the pending CrownRock acquisition and related debt repayment plans.
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Ownership Overview
37.96% Insiders
19.78% Mutual Funds
15.65% Other Institutional Investors
26.61% Public Companies and Individual Investors
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 May 07, 2024 which is in 18 days.
How were Occidental Petroleum’s earnings last quarter?
Occidental Petroleum released its earnings results on Feb 14, 2024. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.673 by $0.067.
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 1.15%. See more information on Occidental Petroleum dividends here
What is Occidental Petroleum’s EPS estimate?
Occidental Petroleum’s EPS estimate is $0.59.
How many shares outstanding does Occidental Petroleum have?
Occidental Petroleum has 886,464,700 shares outstanding.
What happened to Occidental Petroleum’s price movement after its last earnings report?
Occidental Petroleum reported an EPS of $0.74 in its last earnings report, beating expectations of $0.673. Following the earnings report the stock price went up 4.905%.
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 15B.
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Occidental Petroleum Stock Smart Score
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$71.94 (8.93% Upside)
$71.94 (8.93% Upside)
Blogger Sentiment
Bullish
OXY Sentiment 88%
Sector Average 72%
Sector Average 72%
Hedge Fund Trend
Increased
By 14.6M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Bought Shares
Worth $245.9M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Neutral
Last 7 Days <0.1%
Last 30 Days ▲ 0.3%
Last 30 Days ▲ 0.3%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
6.15%
12-Months-Change
Fundamentals
Return on Equity
15.49%
Trailing 12-Months
Asset Growth
1.59%
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
Q4 2024
0:00 / 0:00
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OXY Stock 12 Months Forecast
Average Price Target
$71.94
▲(8.93% Upside)
Technical Analysis
Best Analysts Covering OXY
1 Year
1 Year Success Rate
18/22 ratings generated profit
1 Year Average Return
+19.88%
reiterated a buy rating 15 days ago
Copying Neal Dingmann's trades and holding each position for 1 Year would result in 81.82% of your transactions generating a profit, with an average return of +19.88% per trade.
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