Occidental Petroleum Corp. (NYSE:OXY) price closed lower on Friday, April 12, dropping -0.36% below its previous close.
A look at the daily price movement shows that the last close reads $69.26. The company’s 5Y monthly beta was ticking 1.69 while its P/E ratio in the trailing 12-month period read 17.67. Taking into account the 52-week price action we note that the stock hit a 52-week high of $69.58 and 52-week low of $55.12. The stock added 11.20% on its value in the past month.
Occidental Petroleum Corp., which has a market valuation of $61.18 billion, is expected to release its quarterly earnings report May 07, 2024 – May 13, 2024. The company stock has a Forward Dividend ratio of 0.76, while the dividend yield is 1.10%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give OXY a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 50% Buy.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 2.06. The overview shows that OXY’s price is at present 4.97% off the SMA20 and 11.28% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 74.36, with weekly volatility standing at 2.15%. The indicator jumps to 1.79% when calculated based on the past 30 days. Occidental Petroleum Corp. (NYSE:OXY)’s beta value is holding at 1.68, while the average true range (ATR) indicator is currently reading 1.27. An analysis of the Occidental Petroleum Corp. (NYSE:OXY) stock in terms of its daily trading volume indicates that the 3-month average is 8.68 million.
Current records show that the company has 886.47M in outstanding shares. The insiders’ percentage holdings are 0.33% of outstanding shares while the percentage share held by institutions stands at 79.76%. But the 15.58% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
