How to Buy Occidental Petroleum Stock
Occidental Petroleum Corp
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.
How to Buy Occidental Petroleum Stock
Not sure how to invest in Occidental Petroleum stock? Here's how.
- Choose where to buy Occidental Petroleum stock: You need to decide on a stock brokerage, but don't worry - we've sifted through dozens of online stock brokerages and apps to help you determine where to buy Occidental Petroleum stock.
- Open your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Put funds into your brokerage account: Pick your payment method and add your info.
- Analyze Occidental Petroleum stock: The Occidental Petroleum ticker symbol is OXY. Is Occidental Petroleum stock a good investment? Should you buy shares of OXY? How do OXY's underlying business fundamentals look? Do top analysts think Occidental Petroleum is a good buy? Why has OXY's stock price moved recently? (Hint: Our stock market analysis website can help you evaluate if OXY is a good stock to buy).
- Execute your OXY purchase: Decide if you will purchase OXY shares at the current market price or use a limit order to purchase OXY stock at a particular price.
- Get notifications regarding your investment in OXY: Create a watchlist to key updates about your investment in Occidental Petroleum shares.
Step 1: Choose where to buy Occidental Petroleum stock
You need a brokerage account in order to access the NYSE market and buy OXY stock.
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Open eToro AccountStep 2: Open your brokerage account
Now that you've picked your brokerage, you'll need to fill out some personal details so you can buy OXY today.
How to Start a New Brokerage Account on eToro
- Click here to get started.
- Input your personal data to start your new brokerage account.
- Send your info by pressing the "Create Account" button.
Step 3: Put funds into your brokerage account
Now that you have opened your account on a good stock buying app, your next step is to transfer the money for your investment:
Check out this video walkthrough for more details depositing funds into your new investment account.
Step 4: Analyze Occidental Petroleum stock
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.
Occidental Petroleum shares at a glance
OXY Zen Score
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.
What is the fair value of OXY stock?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge OXY's intrinsic value.
Using relative valuations metrics:
- OXY may be undervalued based on its P/E ratio of 4.34x, relative to Oil & Gas E&P industry P/E ratio of 6.49x
- OXY could be undervalued based on its P/B ratio of 1.74x, relative to Oil & Gas E&P industry P/B ratio of 1.84x
You can access additional valuation research on OXY's stock here.
OXY Financial Summary
Passed Health Checks:
- There are more short-term assets than short-term liabilities on the OXY balance sheet.
- OXY earnings of $15.15B is not enough to cover its interest payments.
- OXY's operating cash flow of $16.81B allows it to safely service it's debt of $20.77B.
- OXY profit margin has gone up from 5.8% to 33.7% in the past year.
Failed Health Checks:
- Total OXY debt is higher than 5 years ago, relative to shareholder equity.
- OXY has a relatively high debt to equity ratio of 1.41.
- There are more long-term liabilities than short-term assets on the OXY balance sheet.
Is OXY stock a Buy, Hold, or Sell, according to Wall Street analysts?
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.
Most Recent OXY Analyst Ratings
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.
OXY Trading Indicators
Is OXY Growing Revenue?
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.
What are OXY insiders up to?
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.
Can I get consistent income from OXY stock?
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.
What do other investors have to say about OXY?
One of the biggest reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to learn what other traders have to say.
Step 5: Execute your OXY purchase
You have two main order types:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are usually the best for newer investors. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to be sure you're buying or selling at a specific price, use a limit order.
Hit the Open Trade button and your broker will execute your order.
If you want additional help with buying stocks on eToro, watch the helpful video below:
Step 6: Get notifications regarding your investment in OXY
Now that you own some OXY shares, you'll want to keep up with your investment.
Make a watchlist to get notified of important updates regarding your OXY stock.
OXY Feed
How to Buy Stock in Occidental Petroleum
To reiterate, here are the 6 steps to buy stock in Occidental Petroleum:
- Choose where to buy Occidental Petroleum stock
- Open your brokerage account
- Put funds into your brokerage account
- Analyze Occidental Petroleum stock
- Execute your OXY purchase
- Get notifications regarding your investment in OXY
If you require a online brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to keep track of your new investment in Occidental Petroleum, click below.
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