Current Status: Sell (Take Profit)

 
 

NOTES:

  • Occidental has reached full target and has been moved to a SELL recommendation with total returns of 85.6%.

  • Given the momentum of the stock and current global macro backdrop (i.e Oil shortages as a result of Russia/Ukrain War) it is recommended a partial position be held for potential further upside with a close eye on price action. Any sustained downside in price action should be seen as a sign that the move is complete and it is time to sell all remaining positions. Be vigilant!

OVERVIEW:

  • Exchange: NYSE

  • Ticker: OXY

  • Sector: Energy Minerals / Oil & Gas Production

COMPANY DESCRIPTION:

Occidental Petroleum Corporation is an American company engaged in hydrocarbon exploration in the United States, the Middle East, and Colombia as well as petrochemical manufacturing in the United States, Canada, and Chile. It is organized in Delaware and headquartered in Houston.

FINANCIAL OVERVIEW:

  • Market Cap - $30.242 Billion

  • P/E Ratio - —-

  • Dividend Yield - 0.12%

  • Return-On-Equity (5 year avg %) - -1.35%

  • Interest Coverage - 4.37

  • Year Net Income Growth Rate (5 year avg %) - -320.90%

  • Earnings Per Share (5 year avg %) - -157.68%

  • Current Ratio - 1.07

  • Revenue Growth Rate (5 year avg %) - 3.41%

RECOMMENDATION:

  • Buy Range - $26.32 to $35.64

  • Profit Target - $50.64 (approx 63.46% ROI)

  • Stop Loss - $25

  • Reward:Risk - 3.29:1

CHART: