Occidental Petroleum Corporation’s Stock Price Drops to $45.51, Experiencing a 2.19% Decrease

Occidental Petroleum Corporation (OXY)

45.51 USD -1.02 (-2.19%) Volume: 17.1M

Occidental Petroleum Corporation’s stock price stands at 45.51 USD, seeing a decline of -2.19% this trading session with a trading volume of 17.1M, reflecting a year-to-date percentage change of -7.89%, indicating a challenging market performance for OXY.

Latest developments on Occidental Petroleum Corporation

Occidental Petroleum (NYSE:OXY) has been making headlines recently with its announcement of a temporary reduction in warrant exercise prices, aimed at raising $1.6 billion in capital. This move comes as Occidental stock has been facing pressure, with shares down 3.2% and trading down 1.9%. Despite efforts to boost capital, the stock hit a 52-week low at $45.15 amidst market shifts. However, some investors like Snider Financial Group and Wealth Advisory Solutions LLC have been buying shares, while others like Truist Financial Corp have been reducing their holdings. With mixed reactions from retail investors, the question remains whether this capital raise strategy will pay off for Occidental Petroleum.

Occidental Petroleum Corporation on Smartkarma

Analyst coverage of Occidental Petroleum on Smartkarma shows a mix of sentiments. Suhas Reddy‘s report on the company’s Q4 earnings highlights a bullish lean as Occidental beats EPS expectations through higher output and cost savings. Despite a 5.7% YoY revenue drop, adjusted EPS rose by 8.1%, beating estimates by 18.1%. Occidental also met its debt reduction goals through divestment deals and improved cash flow.

Looking ahead to Occidental’s Q4 earnings, Suhas Reddy‘s analysis suggests a neutral sentiment amid high volatility in options trading. Analysts anticipate revenue and EPS to decline, with implied volatility at 32.89%. Calls and puts are concentrated at specific strikes for the 21/Feb expiry. This indicates a cautious approach from investors as they await the company’s financial performance update.

A look at Occidental Petroleum Corporation Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Occidental Petroleum Corporation has received a mixed outlook based on the Smartkarma Smart Scores. While the company scores well in growth and momentum, indicating strong potential for future expansion and positive market performance, it falls short in the areas of value and dividend. This suggests that investors may need to carefully weigh the potential for growth against the company’s current valuation and dividend payouts.

Despite its strong growth and momentum scores, Occidental Petroleum‘s overall resilience score is only average. This indicates that the company may face challenges in weathering economic downturns or industry fluctuations. Investors considering Occidental Petroleum for their portfolio should take into account the company’s diverse operations in crude oil, natural gas, and chemicals, as well as its efforts in power generation and carbon dioxide trading.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
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