Drilling Down Into the Volatility in Occidental Petroleum Corporation (OXY)

On Thursday, shares of Occidental Petroleum Corporation (NYSE:OXY) marked $42.04 per share versus a previous $42.49 closing price. With having a -1.06% loss, an insight into the fundamental values of Occidental Petroleum Corporation, investors would also find a great ally in the technical patterns of the stock movements showed in stock charts. OXY showed a rise of 2.01% within its YTD performance, with highs and lows between $37.25 – $68.83 during the period of 52 weeks, compared to the simple moving average of -7.56% in the period of the last 200 days.

Morgan Stanley equity researchers changed the status of Occidental Petroleum Corporation (NYSE: OXY) shares from “Equal-Weight” to a “Overweight” rating in the report published on January 13th, 2020. Other analysts, including Mizuho, also published their reports on OXY shares. Mizuho repeated the rating from the previous report, marking OXY under “Buy” rating, in the report published on January 8th, 2020. Additionally, OXY shares got another “Hold” rating from Tudor Pickering, setting a target price of $41 on the company’s shares, according to the report published in January 3rd, 2020. On November 11th, 2019, Tudor Pickering Downgrade an Sell rating and increased its price target to $36. On the other hand, SunTrust Initiated the “Hold” rating for OXY shares, as published in the report on September 23rd, 2019. Susquehanna seems to be going bullish on the price of OXY shares, based on the price prediction for OXY, indicating that the shares will jump to $55, giving the shares “Positive” rating based on their report from September 5th, 2019. Another “Neutral” rating came from Goldman, providing a prediction for $55 price target according to the report published in August 27th, 2019.

Occidental Petroleum Corporation (OXY) Analysis

The present dividend yield for OXY owners is set at 0.08, marking the return investors will get regardless of the company’s performance in the upcoming period. In addition, the growth of sales from quarter to quarter is recording 10.10%, hinting the company’s progress in the upcoming progress.

In order to gain a clear insight on the performance of Occidental Petroleum Corporation (OXY) as it may occur in the future, there are more than several well-rounded types of analysis and research techniques, while equity is most certainly one of the more important indicators into the company’s growth and performance. In this case, you want to make sure that the return on the present equity of 4.30% is enough for you to make a profit out of your investment. You may also count in the quick ratio of the company, currently set at 1.20 so you would make sure that the company is able to cover the debts it may have, which can be easily seen in annual reports of the company.

Set to affect the volatility of a given stock, the average volume can also be a valuable indicator, while OXY is currently recording an average of 10.34M in volumes. The volatility of the stock on monthly basis is set at 2.30%, while the weekly volatility levels are marked at 2.40%with -0.19% of loss in the last seven days. Additionally, long-term investors are predicting the target price of $51.48, indicating growth from the present price of $42.04, which can represent yet another valuable research and analysis points that can help you decide whether to invest in OXY or pass.

What to Look for When Analyzing Occidental Petroleum Corporation Shares?

Occidental Petroleum Corporation (OXY) is based in the USA and it represents one of the well-known company operating with Basic Materials sector. If you wish to compare OXY shares with other companies under Electronic Equipment and Consumer Goods, a factor to note is the P/E value of 30.18 for Occidental Petroleum Corporation, while the value 39.03 can represent an indicator in the future growth of the company in terms of investor’s expectations. The later value should have a steady growth rate, increasing and growing gradually, which serves the purpose of reliably showcasing the progress of the company. The value 1.39 is supported by the yearly ESP growth of 216.80%.

Besides from looking into the fundamentals, you should also note the number of people inside the company owning the shares, as the values should be in line with the expectations of investors. In that spirit, the present ownership of stocks inside the company is set at 0.10%, which can provide you with an insight of how involved executives are in owning shares of the company. In oppose to the executives’ share, the institutional ownership counts 81.10% of shares, carrying an equal significance as an indicator of value, as the presence of large investors may signal a strong company.

Are Institutional Investors Increasing Stakes in OXY Shares?

It appears that more than several institutional investors and hedge funds decided to increase stakes in OXY in the recent period. That is how Dodge & Cox now has an increase position in OXY by 0.57% in the first quarter, owning 89.66 million shares of OXY stocks, with the value of $3.56 billion after the purchase of an additional 510,288 shares during the last quarter. In the meanwhile, SSgA Funds Management, Inc. also increased their stake in OXY shares changed 4.33% in the first quarter, which means that the company now owns 45.37 million shares of company, all valued at $1.8 billion after the acquisition of additional 1,884,804 shares during the last quarter.

BlackRock Fund Advisors acquired a new position in Occidental Petroleum Corporation during the first quarter, with the value of $1.72 billion, and Franklin Advisers, Inc. increased their stake in the company’s shares by 44.60% in the first quarter, now owning 7,560,104 shares valued at $973.61 million after the acquisition of the additional 24.51 million shares during the last quarter. In the end, Macquarie Investment Management B increased their position by 3.14% during the first quarter, now owning 15.18 million OXY shares, now holding the value of $603.06 million in OXY with the purchase of the additional 1,900,475 shares during the period of the last quarter. At the present, 81.10% of OXY shares are in the ownership of institutional investors.