After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Yahoo Finance discussed the stock recently as it posted 1PointFive and Trafigura Announce Direct Air Capture Carbon Removal Credit Agreement.
OXY belongs to the Energy sector of the NYSE while operating in the Oil & Gas E&P industry. The current market capitalization of Occidental Petroleum Corp. is $50.57B. A total of 8.02 million shares were traded on the day, compared to an average of 9.82M shares.
Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, OXY has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 61 BUYs and 18 SELLs from insiders. Insiders purchased 34,323,369 shares during that period but sold 225,621.
In the most recent transaction, BERKSHIRE HATHAWAY INC bought 1,405,827 shares of OXY for 56.81 per share on Feb 05. After the transaction, the 10% Owner now owns 248,018,128 company shares. In a previous transaction on Feb 02, BERKSHIRE HATHAWAY INC bought 1,246,920 shares at 57.14 per share. OXY shares that 10% Owner owns now total 246,612,301.
Among the insiders who bought shares, BERKSHIRE HATHAWAY INC acquired of 1,649,577 shares on Feb 01 at a per-share price of $57.45. This resulted in the 10% Owner holding 245,365,381 shares of OXY after the transaction. In another insider transaction, BERKSHIRE HATHAWAY INC bought 1,743,124 shares at $60.26 per share on Dec 21. Company shares held by the 10% Owner now total 243,715,804.
Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Occidental Petroleum Corp. pays an annual dividend of $0.68, resulting in a dividend yield of 1.19%, and it has a price to earnings (P/E) ratio of 12.62. OXY’s most recent ex-dividend date was 12/7/2023 when it declared a $0.18 quarterly dividend that was paid in cash on 1/16/2024. Previously, the company paid the dividend on 10/13/2023 with an ex-dividend date of 9/7/2023. The OXY stock dividend was $0.18 per share in cash.
While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for OXY in the last 3 months, the mean price target is $66.73 with high estimates of $80.00 and low estimates of $58.00. In terms of 52-week highs and lows, OXY has a high of $67.67 and a low of $55.12.
As of this writing, OXY has an earnings estimate of $Inspira Technologies Oxy B.H.N. per share for the current quarter. EPS was calculated based on a consensus of Occidental Petroleum Corporatio estimates, with a high estimate of $Oxford Industries, Inc. per share and a lower estimate of $Invesco CurrencyShares Japanese.
Balance Sheet Annually/Quarterly
An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. 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 $23.95, while its Total Shareholder’s Equity was $20.33B.
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. 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 3.70.