Occidental Stock Story


USD 69.75  4.87  7.51%   

The predictive indicators we use to evaluate Occidental help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Occidental Petroleum Corp. We apply different methods to arrive at the intrinsic value of Occidental based on widely used predictive technical indicators. Let's try to break down what's happening with Occidental Petroleum amid unprecedented political, and economic uncertainty.
Published over two months ago
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Should I hold on to my Occidental Petroleum (NYSE:OXY) position?

The asset utilization indicator refers to the revenue earned for every dollar of assets a company currently reports. Occidental Petroleum has an asset utilization ratio of 59.8 percent. This suggests that the company is making $0.6 for each dollar of assets. An increasing asset utilization means that Occidental Petroleum Corp is more efficient with each dollar of assets it utilizes for everyday operations.
The successful prediction of Occidental Petroleum stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published stock prices of traded companies, such as Occidental Petroleum Corp, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at the intrinsic value of Occidental Petroleum based on Occidental Petroleum hews, social hype, general headline patterns, and widely used predictive technical indicators.
We also calculate exposure to Occidental Petroleum's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to Occidental Petroleum's related companies.

Use Technical Analysis to project Occidental expected Price

Occidental Petroleum technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Occidental Petroleum technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Occidental Petroleum trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

What do experts say?

Stock analysis is a method for investors and traders to make buying and selling decisions. By studying and evaluating past and current data, investors and traders attempt to gain an edge in the markets by making informed decisions.
It is good to see analyst projects for Occidental Petroleum, but it might be worth checking our own buy vs. sell analysis

Purchase by Berkshire Hathaway Inc of 2583094 shares of Occidental Petroleum

Legal trades by Occidental Petroleum insiders are very common, as founders, directors, or employees of any publicly traded firm often have stock or stock options. These trades are made public in the United States through the filing of Form 4 of the Securities and Exchange Commission. Below entry was recorded recently and is publicly available as an insider trade:
Occidental insider trading alert for perchase of common stock by Berkshire Hathaway Inc, the corporate stakeholder, on 12th of August 2022. This event was filed by Occidental Petroleum Corp with SEC on 2022-06-22. Statement of changes in beneficial ownership - SEC Form 4 [view details]   
Note, although insider trading is legal, in the United States, Canada, Australia, and Germany, for mandatory reporting purposes, corporate insiders are defined as a company's officers, directors, and any beneficial owners of more than 10% of a class of the company's equity securities.


Occidental Petroleum Corp reported the last year's revenue of 25.96 B. Total Income to common stockholders was 1.98 B with profit before taxes, overhead, and interest of 16.3 B.

Is Occidental showing appearance of lower volatility?

The maximum drawdown is down to 20.41 as of today. Occidental Petroleum Corp shows above-average downside volatility for the selected time horizon. We advise investors to inspect Occidental Petroleum Corp further and ensure that all market timing and asset allocation strategies are consistent with the estimation of Occidental Petroleum future alpha. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Occidental Petroleum's stock risk against market volatility during both bullying and bearish trends. The higher level of volatility that comes with bear markets can directly impact Occidental Petroleum's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.

Occidental Petroleum Implied Volatility

Occidental Petroleum's implied volatility exposes the market's sentiment of Occidental Petroleum Corp stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Occidental Petroleum's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Occidental Petroleum stock will not fluctuate a lot when Occidental Petroleum's options are near their expiration.

Our Final Perspective on Occidental Petroleum

While other entities under the oil & gas e&p industry are still a bit expensive, Occidental Petroleum may offer a potential longer-term growth to investors. On the whole, as of the 11th of June 2022, we believe that at this point, Occidental Petroleum is very steady with below average odds of financial turmoil within the next 2 years. From a slightly different point of view, the entity appears to be overvalued. Our actual 90 days buy-hold-sell advice on the company is Hold.

Editorial Staff

This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Gabriel Shpitalnik do not own shares of Occidental Petroleum Corp. Please refer to our Terms of Use for any information regarding our disclosure principles.

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