What Are The Chances Of Occidental Petroleum Corp (NYSE: OXY) Becoming A Clear Buy?

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities.

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Stocks Info

As a NYSE listed company, OXY falls under the Energy sector while operating within the Oil & Gas E&P industry segment. The current market capitalization of Occidental Petroleum Corp is $47.11B. A total of 11.94 million shares were traded on the day, compared to an average of 12.34M shares.

In the most recent transaction, OCCIDENTAL PETROLEUM CORP /DE/ sold 19,500,000 shares of OXY for 35.75 per share on Aug 14 ’24. After the transaction, the 10% Owner now owns 165,681,578 company shares. In a previous transaction on Aug 14 ’24, OCCIDENTAL PETROLEUM CORP /DE/ sold 19,500,000 shares at 35.75 per share. OXY shares that 10% Owner owns now total 165,681,578.

Among the insiders who bought shares, BERKSHIRE HATHAWAY INC acquired of 1,552,497 shares on Jun 13 ’24 at a per-share price of $59.77. This resulted in the 10% Owner holding 253,886,410 shares of OXY after the transaction. In another insider transaction, BERKSHIRE HATHAWAY INC bought 1,060,653 shares at $59.59 per share on Jun 14 ’24. Company shares held by the 10% Owner now total 254,947,063.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Occidental Petroleum Corp pays an annual dividend of $0.84, resulting in a dividend yield of 1.65%, and it has a price to earnings (P/E) ratio of 13.26. OXY’s most recent ex-dividend date was 12/10/2024 when it declared a $0.22 quarterly dividend that was paid in cash on 1/15/2025. Previously, the company paid the dividend on 10/15/2024 with an ex-dividend date of 9/10/2024. The OXY stock dividend was $0.22 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, OXY has a high of $71.18 and a low of $48.42.

As of this writing, OXY has an earnings estimate of $0.81 per share for the current quarter. EPS was calculated based on a consensus of 16.0 estimates, with a high estimate of $1.4 per share and a lower estimate of $0.56. The company reported an EPS of $0.74 in the last quarter

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. OXY’s latest balance sheet shows that the firm has $2.76B in Cash & Short Term Investments as of fiscal 2021. There were $30.39B in debt and $8.32B in liabilities at the time. Its Book Value Per Share was $28.13, while its Total Shareholder’s Equity was $20.33B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for OXY is Buy with a score of 3.46.

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