There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Occidental Petroleum Corporation (OXY) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.03, or -0.05%, to $66.40. The Occidental Petroleum Corporation has recorded 130,151 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed 1PointFive and Amazon Announce 10-year Carbon Removal Credit Purchase Agreement.
This NYSE-listed company operates within the Oil & Gas E&P industry segment, falling under the Energy sector. At the end of the last regular session, the stock closed at $66.43 and fluctuated between $66.49 as its day high and $64.46 as its day low. The current market capitalization of Occidental Petroleum Corporation is $58.13B. A total of 11.4 million shares were traded on the day, compared to an average of 9.31M shares.
Insider trades can also provide insight into a stock’s future direction. During the recent three months, OXY has seen 3 BUY and 0 SELL insider trades, representing the acquisition of 2,138,250 and the disposition of 0 shares. Over the last 12 months, there were 66 BUYs and 19 SELLs from insiders. Insiders purchased 36,428,768 shares during that period but sold 222,430.
In the most recent transaction, BERKSHIRE HATHAWAY INC bought 260,769 shares of OXY for 57.02 per share on Jun 28. After the transaction, the 10% Owner now owns 224,129,192 company shares. In a previous transaction on Jun 27, BERKSHIRE HATHAWAY INC bought 1,239,180 shares at 57.17 per share. OXY shares that 10% Owner owns now total 223,868,423.
Among the insiders who bought shares, BERKSHIRE HATHAWAY INC acquired of 638,301 shares on Jun 26 at a per-share price of $57.01. This resulted in the 10% Owner holding 222,629,243 shares of OXY after the transaction. In another insider transaction, BERKSHIRE HATHAWAY INC bought 2,203,753 shares at $58.30 per share on May 30. Company shares held by the 10% Owner now total 221,990,942.
The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Occidental Petroleum Corporation pays an annual dividend of $0.72, resulting in a dividend yield of 1.08%, and it has a price to earnings (P/E) ratio of 11.22. OXY’s most recent ex-dividend date was 9/7/2023 when it declared a $0.18 quarterly dividend that was paid in cash on 10/13/2023. Previously, the company paid the dividend on 7/14/2023 with an ex-dividend date of 6/8/2023. The OXY stock dividend was $0.18 per share in cash.
Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for OXY in the last 3 months, the mean price target is $69.04 with high estimates of $85.00 and low estimates of $59.00. In terms of 52-week highs and lows, OXY has a high of $76.11 and a low of $55.51.
As of this writing, OXY has an earnings estimate of $0.74 per share for the current quarter. EPS was calculated based on a consensus of 18 estimates, with a high estimate of $1.21 per share and a lower estimate of $0.22. The company reported an EPS of $1.09 in the last quarter, which was -12.10% lower than expectations of $1.24.
Balance Sheet Annually/Quarterly
In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its 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 $23.04, while its Total Shareholder’s Equity was $20.33B.
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 3.74.