Are Things Looking Up For Occidental Petroleum Corp. (NYSE: OXY)?

After Hours

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. Recently, Yahoo Finance discussed the stock, revealing that Occidental to Announce First Quarter Results Tuesday, May 7, 2024; Hold Conference Call Wednesday, May 8, 2024.

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Stocks Info

Occidental Petroleum Corp. is listed on the NYSE as a member of the Energy sector and is a part of the Oil & Gas E&P industry. The current market capitalization of Occidental Petroleum Corp. is $59.62B. A total of 11.69 million shares were traded on the day, compared to an average of 8.73M shares.

In the most recent transaction, BERKSHIRE HATHAWAY INC bought 1,405,827 shares of OXY for 56.81 per share on Feb 05 ’24. After the transaction, the 10% Owner now owns 248,018,128 company shares. In a previous transaction on Feb 02 ’24, 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 ’24 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 ’23. Company shares held by the 10% Owner now total 243,715,804.

Dividend

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Occidental Petroleum Corp. pays an annual dividend of $0.76, resulting in a dividend yield of 1.13%, and it has a price to earnings (P/E) ratio of 17.23. OXY’s most recent ex-dividend date was 3/7/2024 when it declared a $0.22 quarterly dividend that was paid in cash on 4/15/2024. Previously, the company paid the dividend on 1/16/2024 with an ex-dividend date of 12/7/2023. The OXY stock dividend was $0.18 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. 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 $0.59 per share for the current quarter. EPS was calculated based on a consensus of 18 estimates, with a high estimate of $0.85 per share and a lower estimate of $0.36. The company reported an EPS of $1.18 in the last quarter, which was 40.50% higher than expectations of $0.84.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on 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 $24.97, while its Total Shareholder’s Equity was $20.33B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. 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 3.56.

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