Occidental Petroleum Corp. (NYSE:OXY) Director William R. Klesse purchased 10,000 shares of the business’s stock in a transaction dated Monday, November 14th. The stock was bought at an average cost of $64.89 per share, with a total value of $648,900.00. Following the completion of the acquisition, the director now owns 47,940 shares of the company’s stock, valued at $3,110,826.60. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website.

Occidental Petroleum Corp. (NYSE:OXY) opened at 67.81 on Friday. The firm’s market cap is $51.82 billion. The company has a 50 day moving average price of $71.38 and a 200 day moving average price of $74.25. Occidental Petroleum Corp. has a 1-year low of $58.24 and a 1-year high of $78.48.

Occidental Petroleum Corp. (NYSE:OXY) last released its earnings results on Tuesday, November 1st. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.11) by $0.04. The business earned $2.65 billion during the quarter, compared to analysts’ expectations of $2.69 billion. Occidental Petroleum Corp. had a negative net margin of 52.62% and a negative return on equity of 3.43%. Occidental Petroleum Corp.’s revenue for the quarter was down 15.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.03 EPS. On average, equities research analysts forecast that Occidental Petroleum Corp. will post ($0.86) earnings per share for the current year.

Insider Buying and Selling by Quarter for Occidental Petroleum Corp. (NYSE:OXY)

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 13th. Stockholders of record on Friday, December 9th will be issued a $0.76 dividend. The ex-dividend date of this dividend is Wednesday, December 7th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 4.48%. Occidental Petroleum Corp.’s payout ratio is currently -42.34%.

Several hedge funds have recently added to or reduced their stakes in the stock. Kistler Tiffany Companies LLC raised its stake in shares of Occidental Petroleum Corp. by 1.4% in the second quarter. Kistler Tiffany Companies LLC now owns 1,346 shares of the company’s stock valued at $102,000 after buying an additional 19 shares in the last quarter. First New York Securities LLC NY purchased a new stake in shares of Occidental Petroleum Corp. during the second quarter valued at about $110,000. LSV Asset Management purchased a new stake in shares of Occidental Petroleum Corp. during the second quarter valued at about $111,000. Apriem Advisors raised its stake in shares of Occidental Petroleum Corp. by 24.8% in the third quarter. Apriem Advisors now owns 1,522 shares of the company’s stock valued at $111,000 after buying an additional 302 shares in the last quarter. Finally, Financial Architects Inc raised its stake in shares of Occidental Petroleum Corp. by 47.5% in the third quarter. Financial Architects Inc now owns 1,524 shares of the company’s stock valued at $112,000 after buying an additional 491 shares in the last quarter. Institutional investors own 80.39% of the company’s stock.

A number of brokerages have recently commented on OXY. Jefferies Group reaffirmed a “hold” rating on shares of Occidental Petroleum Corp. in a research report on Thursday, September 8th. Credit Suisse Group AG reaffirmed a “hold” rating and issued a $72.00 price objective on shares of Occidental Petroleum Corp. in a research report on Monday, September 12th. JPMorgan Chase & Co. downgraded Occidental Petroleum Corp. from a “neutral” rating to an “underweight” rating and lifted their price objective for the company from $76.11 to $78.00 in a research report on Monday, September 12th. They noted that the move was a valuation call. Credit Agricole SA reaffirmed a “buy” rating on shares of Occidental Petroleum Corp. in a research report on Tuesday, August 16th. Finally, Deutsche Bank AG downgraded Occidental Petroleum Corp. from a “buy” rating to a “hold” rating and set a $78.59 price objective for the company. in a research report on Friday, August 5th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $75.74.

About Occidental Petroleum Corp.

Occidental Petroleum Corporation is an oil and gas exploration and production company. The Company operates through three segments: oil and gas, chemical (OxyChem), and midstream and marketing. The oil and gas segment explores for, develops and produces oil and condensate, natural gas liquids (NGLs) and natural gas.

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