Occidental Petroleum shares rose 0.45% to $46.05 with moderately bullish activity. Options volume was relatively light, with calls leading puts for a put/call ratio of 0.39. Implied volatility was higher by 0.4 points at 33.41, suggesting an expected daily move of $0.97. Put-call skew flattened, indicating a modestly bullish tone.
Occidental Petroleum (OXY) shares closed at $46.45 on June 13, 2025, marking a 1.69% increase from the previous session. The stock has shown resilience despite a broader market downturn, outpacing the S&P 500's daily loss of 0.33% [2]. Over the past month, OXY has appreciated by 2.44%, underperforming the broader Oils-Energy sector's gain of 4.04% [2].
Technical analysis from Investtech indicates a mixed outlook for OXY. The stock is in a falling trend channel in the medium and long term, suggesting increasing pessimism among investors. However, a break through resistance at $45.40 has predicted a further rise, with support at the same level in case of negative reactions. The stock has shown positive volume balance, indicating health and investor interest [1].
Options volume was relatively light, with calls leading puts for a put/call ratio of 0.39. Implied volatility was higher by 0.4 points at 33.41, suggesting an expected daily move of $0.97. The put-call skew flattened, indicating a modestly bullish tone [3].
Investors should closely follow OXY's upcoming earnings release on August 6, 2025. The company is projected to report earnings of $0.33 per share, a year-over-year decline of 67.96%. The Zacks Rank, a proprietary model integrating analyst estimate changes, currently rates OXY as a Hold (Rank #3) [2].
Occidental Petroleum's valuation is reflected in its Forward P/E ratio of 20.33, which is a premium compared to the industry average of 17.45. The Oil and Gas - Integrated - United States industry, of which OXY is a part, ranks 207th out of 250+ industries, indicating a challenging environment [2].
References:
[1] https://www.investtech.com/main/market.php?CompanyID=10602974
[2] https://www.nasdaq.com/articles/occidental-petroleum-oxy-increases-despite-market-slip-heres-what-you-need-know
[3] (Provided Writing Topic)
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