Occidental Petroleum is a oil and gas company located in Texas, United States, which is part of the Energy sector, and is traded under the ticker OXY on the NYSE exchange.
Occidental Petroleum stock last closed at $58.18, down 0.51% from the previous day, and has increased 0.74% in one year. It has overperformed other stocks in the Oil & Gas E&P industry by 0.06 percentage points. Occidental Petroleum stock is currently +12.91% from its 52-week low of $51.53, and -24.57% from its 52-week high of $77.13.
There are currently 900.07M shares of OXY outstanding. The market value of OXY is $52.37B. In the last 24 hours, 13.6M OXY shares were traded.
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After you have selected the best place to buy Occidental Petroleum stock, it's important to research their stock before you buy, so you truly comprehend the risk and opportunity.
WallStreetZen was created to help average investors do better fundamental analysis.
You can view all of the due diligence checks on OXY's stock page.
Investors use a variety of different financial metrics, analyses, models, and charts to gauge OXY's intrinsic value.
Using relative valuations metrics:
You can access additional valuation research on OXY's stock here.
Out of 17 Equities analysts who give recommendations on OXY, the consensus analyst rating on OXY is a Buy
It's important to note that analyst ratings are not stock recommendations, nor are they financial advice.
Neil Mehta, a top 12% analyst from Goldman Sachs maintains OXY with a strong buy rating and lowers their OXY price target from $81.00 to $68.00, on Mar 24, 2023.
Roger Read, a top 5% analyst from Wells Fargo maintains OXY with a hold rating and lowers their OXY price target from $67.00 to $63.00, on Mar 1, 2023.
Stephen Richardson, a top 8% analyst from Evercore ISI Group downgrades OXY to a sell rating and lowers their OXY price target from $74.00 to $60.00, on Feb 22, 2023.
Downgrading the stock to Hold, Richardson lowered his price target on Occidental Petroleum Corporation by 18.9% ahead of the release of the company's Q4 2022 earnings report on 2023/02/28.
The overhang from the redemption* of preferred shares should persist over the near- to mid-term, the analyst told investors.
In addition, Occidental has less crude leverage than perceived, Richardson argued.
Therefore, the analyst said he's expecting the company's stock to be more "range-bound" than its peers and "views Occidental as a good source of funds."
The Zacks Consensus EPS Estimate for the company's upcoming quarter is $1.83 which, if achieved, would represent a 23.7% increase/decline against Q4 2021’s $1.48.
* From here and here: Warren Buffett's Berkshire Hathaway Inc. bought 142.3M Occidental Petroleum Corp. preferred shares worth about $8.8B.
From here: Analysts expect Occidental to focus on buybacks this year and could potentially redeem Berkshire's preferred shares.
John Freeman, a top 1% analyst from Raymond James maintains OXY with a strong buy rating and lowers their OXY price target from $90.00 to $80.00, on Jan 26, 2023.
Devin McDermott, a top 1% analyst from Morgan Stanley maintains OXY with a hold rating and lowers their OXY price target from $74.00 to $71.00, on Jan 24, 2023.
You can dive deeper into what analysts are saying on the Occidental Petroleum stock forecast page.
Last year, OXY earnings were $12.50B. Over the past five year, OXY's earnings have increased by 50.97% per year. This was slower than the Oil & Gas E&P industry average of 62.41%.
Last year, OXY revenue was $37.10B. In the last 5 year, OXY's revenue has grown by 22.82% per year. This was slower than the Oil & Gas E&P industry average of 33.73%.
Find out more about OXY's earnings and revenue performance here.
Over the past year, executives and large shareholders at OXY have bought more shares than they have sold.
Berkshire Hathaway Inc, 10% Owner of OXY, was the latest OXY insider to buy. They bought $6,299,285.26 worth of OXY stock on Mar 15, 2023.
Research more about who owns OXY shares here.
Occidental Petroleum pays a dividend of 0.98%, compared to the Oil & Gas E&P industry's average dividend yield of 5.4%. If you owned $1,000 worth of OXY stock, you would have been paid $9.80 in the past year.
Occidental Petroleum dividend payments have not consistently grown over the past decade and have not remained stable.
Get more data about Occidental Petroleum dividend yield and history here.
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