Selling Your Occidental Petroleum Corp. (NYSE: OXY) Stock? Here’s What You Need To Know


Occidental Petroleum Corp. (NYSE:OXY) price on Wednesday, July 10, rose 0.64% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $61.41.

A look at the stock’s price movement, the close in the last trading session was $61.02. The PE ratio in trailing twelve months stood at 16.80. Turning to its 52-week performance, $71.18 and $55.12 were the 52-week high and 52-week low respectively. Overall, OXY moved 3.24% over the past month.

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Occidental Petroleum Corp.’s market cap currently stands at around $54.45 billion. The company has a Forward Dividend ratio of 0.80, with its dividend yield at 1.30%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.

Turning to the stock’s technical picture we see that short term indicators suggest on average that OXY is a 100% Sell. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.

The technical evaluation for the stock shows the PEG ratio is 2.00, with OXY’s current price about -0.32% and -1.76% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 46.42, while 7-day volatility ratio is 1.46% and 1.76% in the 30-day chart. Further, Occidental Petroleum Corp. (OXY) has a beta value of 1.63, and an average true range (ATR) of 1.12.

If we refocus on Occidental Petroleum Corp. (NYSE:OXY), historical trading data shows that trading volumes averaged 7.10 million over the past 3 months. The company’s latest data on shares outstanding shows there are 886.64 million shares.

The 0.30% of Occidental Petroleum Corp.’s shares are in the hands of company insiders while institutional holders own 82.24% of the company’s shares. Current price change has pushed the stock 2.85% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the OXY stock continues to rise going into the next quarter.

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