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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 $64.99, up 1.23% from the previous day, and has increased 4.47% in one year. It has underperformed other stocks in the Oil & Gas E&P industry by 0.17 percentage points. Occidental Petroleum stock is currently +17.91% from its 52-week low of $55.12, and -3.95% from its 52-week high of $67.67.

There are currently 879.5M shares of OXY outstanding. The market value of OXY is $57.16B. In the last 24 hours, 7.1M OXY shares were traded.

How to Buy Occidental Petroleum Stock

Not sure how to invest in Occidental Petroleum stock? Here's how.
  1. 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.
  2. Open your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
  3. Put funds into your brokerage account: Pick your payment method and add your info.
  4. 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).
  5. 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.
  6. 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.

A brokerage account is an investment account that enables you to buy and sell a number of investments, such as stocks, bonds, mutual funds, and ETFs.

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Step 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.

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  1. Send your info by pressing the "Create Account" button.
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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.

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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 Price
$64.99
1w %
1.66%
1y %
4.47%
5y %
-2.37%
P/E
15.4x
P/B
1.89x
P/S
1.98x
PEG
0.72x
Revenue
$28.92B
Earnings
$3.77B
Fore. Rev. Growth
5.62%
Fore. Earn. Growth
23.92%
Market Cap
$57.16B
Next Earnings
May 7, 2024
Next Dividend
Apr 15, 2024

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 overvalued based on its P/E ratio of 15.4x, relative to Oil & Gas E&P industry P/E ratio of 13x
  • OXY could be undervalued based on its P/B ratio of 1.89x, relative to Oil & Gas E&P industry P/B ratio of 2.09x
  • OXY could be undervalued based on its PEG ratio of 0.72x

You can access more valuation analysis on OXY's stock here.

How do OXY Financials look?

Passed Health Checks:

  • OXY's operating cash flow of $12.31B allows it to safely service it's debt of $20.91B.
  • OXY earnings of $7.37B is not enough to cover its interest payments.

Failed Health Checks:

  • There are more long-term liabilities than short-term assets on the OXY balance sheet.
  • OXY has a relatively high debt to equity ratio of 1.44.
  • OXY profit margin has gone down from 33.7% to 13% in the past year.
  • Total OXY debt is higher than 5 years ago, relative to shareholder equity.
  • There are more short-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 10 Equities analysts who track OXY, the consensus analyst rating on Occidental Petroleum is a Buy

Please keep in mind that analyst forecasts are not recommendations, nor are they financial advice.

Latest OXY Analyst Recommendations

John Royall, a top 18% analyst from JP Morgan maintains OXY with a hold rating and lowers their OXY price target from $78.00 to $73.00, on Dec 8, 2023.

Phil Gresh, a top 24% analyst from JP Morgan maintains OXY with a hold rating and lowers their OXY price target from $81.00 to $78.00, on Nov 13, 2023.

Biju Perincheril, a bottom 3% analyst from Susquehanna maintains OXY with a strong buy rating and raises their OXY price target from $72.00 to $78.00, on Oct 18, 2023.

Mike Scialla, a top 21% analyst from Stephens & Co. reiterates OXY with a strong buy rating and maintains their OXY price target from $74.00 to $74.00, on Oct 12, 2023.

Josh Silverstein, a top 18% analyst from UBS maintains OXY with a hold rating and raises their OXY price target from $72.00 to $74.00, on Oct 4, 2023.

You can dive deeper into what analysts are saying on the Occidental Petroleum stock forecast page.

OXY Technicals

SMA10
63.85
SMA20
62.57
SMA50
60.09
SMA100
59.72
SMA200
61.01
MACD
1.24
MACD Signal
1.14
MACD Histogram
0.1
RSI
68.88
Stochastic %K
82.82
Stochastic %D
82.24
StochRSI %K
44.3
StochRSI %D
54.41

Is OXY Growing Revenue?

Last year, OXY earnings were $3.77B. In the last five year, OXY's earnings have grown by -4.81% per year. This was slower than the Oil & Gas E&P industry average of 15.36%.

Last year, OXY revenue was $28.92B. During the past 5 year, OXY's revenue has gone up by 8.84% per year. This was slower than the Oil & Gas E&P industry average of 20.04%.

Find out more about OXY's earnings and revenue performance here.

Who is buying/selling OXY?

In the last year, insiders at OXY have bought more shares than they have sold.

Carlos M. Gutierrez, Director of OXY, was the latest OXY insider to buy. They bought $13,750.00 worth of OXY shares on Mar 19, 2024.

Get more info about who owns OXY shares here.

Does OXY stock generate passive income?

Occidental Petroleum pays a dividend of 1.17%, compared to the Oil & Gas E&P industry's average dividend yield of 3.59%. If you owned $1,000 worth of OXY stock, you would have been paid $11.69 last year.

Occidental Petroleum dividend payments have not consistently grown over the past decade and have not remained stable.

Find 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 investors have to say.

Step 5: Execute your OXY purchase

You have two primary order types:

  • Market order: A market order is an order to buy or sell a stock at the best available price.
    Market orders are mostly fine.
  • Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
    If you want to make sure you're buying or selling at an exact price, place a limit order.

Click the Open Trade button and your broker will execute the order.

If you require additional assistance investing in stocks on eToro, watch the how to video below:

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Step 6: Get notifications regarding your investment in OXY

Now that you own some OXY shares, you'll want to keep up with your new stock purchase.

Put OXY on a watchlist to keep track of your OXY stock.

OXY Feed

How to Buy Stock in Occidental Petroleum

To summarize, here are the 6 steps to buy stock in Occidental Petroleum:

  1. Choose where to buy Occidental Petroleum stock
  2. Open your brokerage account
  3. Put funds into your brokerage account
  4. Analyze Occidental Petroleum stock
  5. Execute your OXY purchase
  6. Get notifications regarding your investment in OXY

If you require a brokerage account, eToro is our recommended venue.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you want to keep track of your new investment in Occidental Petroleum, create a watchlist on WallStreetZen today.

NYSE: OXY
$64.99+0.79 (+1.23%)
Updated Mar 28, 2024
Open eToro Account
NYSE: OXY
$64.99+0.79 (+1.23%)
Updated Mar 28, 2024
Open eToro Account

FAQ

How much does it cost to buy one Occidental Petroleum share?

As of Mar 28, 2024, it costs $64.99 to buy one share of Occidental Petroleum stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.154 shares of OXY.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Occidental Petroleum stock?

According to 10 Wall Street analysts who monitor Occidental Petroleum, their consensus recommendation is to buy Occidental Petroleum stock.

What is the best way to buy Occidental Petroleum stock?

One way to place an order for Occidental Petroleum stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.