What is Occidental Petroleum Corporation (OXY) Stock Return on Shareholders’ Capital?

Occidental Petroleum Corporation (NYSE: OXY) stock fell -0.26% on Friday to $65.06 against a previous-day closing price of $65.23. With 16.07 million shares changed hands, the volume of the stock remained lighter than its average volume of 27.78 million shares. During the session, the Oil & Gas E&P company that operates in wider Energy sector, reached to the highest price of $65.81 whereas the lowest price it dropped to was $63.95. The 52-week range on OXY shows that it touched its highest point at $74.04 and its lowest point at $21.62 during that stretch. It currently has a 1-year price target of $75.21. With its current market cap of 58.22 billion, OXY has annualized dividend of $0.52 while the current yield stands at 0.80%. Beta for the stock currently stands at 1.91.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of OXY was up-trending over the past week, with a rise of 4.82%, but this was up by 7.64% over a month. Three-month performance surged to 11.60% while six-month performance rose 72.71%. The stock gained 152.27% in the past year, while it has gained 124.42% so far this year. A look at the trailing 12-month EPS for OXY yields 6.60 with Next year EPS estimates of 8.09. For the next quarter, that number is 3.02. This implies an EPS growth rate of 113.30% for this year and -24.00% for next year. EPS is expected to grow by 34.86% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 29.10%.

Float and Shares Shorts:

At present, 936.70 million OXY shares are outstanding with a float of 935.58 million shares on hand for trading. On Jul 14, 2022, short shares totaled 57.18 million, which was 6.10% higher than short shares on Jun 14, 2022. In addition to Ms. Vicki A. Hollub as the firm’s Pres, CEO & Director, Mr. Robert L. Peterson serves as its Sr. VP & CFO.

Institutional Ownership:

Through their ownership of 84.66% of OXY’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 49.93% of OXY, in contrast to 36.28% held by mutual funds. Shares owned by individuals account for 28.69%. As the largest shareholder in OXY with 19.39% of the stake, Berkshire Hathaway, Inc. holds 181,684,791 shares worth 181,684,791. A second-largest stockholder of OXY, Dodge & Cox, holds 100,709,066 shares, controlling over 10.75% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in OXY, holding 98,495,510 shares or 10.51% stake. With a 6.51% stake in OXY, the Dodge & Cox Stock Fund is the largest stakeholder. A total of 61,015,226 shares are owned by the mutual fund manager. The SPDR Series – Energy Select Secto, which owns about 2.61% of OXY stock, is the second-largest Mutual Fund holder. It holds 24,453,998 shares valued at 1.44 billion. Vanguard Total Stock Market Index holds 2.36% of the stake in OXY, owning 22,109,458 shares worth 1.3 billion.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2022, OXY reported revenue of $8.35B and operating income of $3.01B. It generated $4.88B net income for the quarter, which came to $7.34B over the last twelve months. The EBITDA in the recently reported quarter was $4.70B and diluted EPS was $4.96. EBITDA for the full year was $16.16B.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for OXY since 29 analysts follow the stock currently. There are 10 analysts who recommend BUY ratings, while 2 suggest SELL ratings. Of the remaining analysts, 14 believe that the stock is worth HOLDING, 2 give it an OVERWEIGHT rating, and 1 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With OXY analysts setting a high price target of $110.00 and a low target of $52.00, the average target price over the next 12 months is $74.96. Based on these targets, OXY could surge 69.07% to reach the target high and fall by -20.07% to reach the target low. Reaching the average price target will result in a growth of 15.22% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. OXY will report FY 2022 earnings on 02/14/2023. Analysts have provided yearly estimates in a range of $14.04 being high and $7.77 being low. For OXY, this leads to a yearly average estimate of $10.58. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Occidental Petroleum Corporation reported $3.16 EPS against a consensus estimate of $3.16. The surprise factor in the prior quarter was $0.15. Based on analyst estimates, the high estimate for the next quarter is $3.62 and the low estimate is $2.62. The average estimate for the next quarter is thus $3.03.

Summary of Insider Activity:

Insiders traded OXY stock several times over the past three months with 41 Buys and 7 Sells. In these transactions, 37,885,164 shares were bought while 120,931 shares were sold. The number of buy transactions has increased to 92 while that of sell transactions has risen to 19 over the past year. The total number of shares bought during that period was 150,619,069 while 330,542 shares were sold.

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