Occidental Petroleum Corp. (NYSE:OXY) Director Stephen I. Chazen sold 4,000 shares of Occidental Petroleum Corp. stock in a transaction dated Thursday, November 17th. The shares were sold at an average price of $68.31, for a total transaction of $273,240.00. Following the transaction, the director now directly owns 1,585,619 shares of the company’s stock, valued at $108,313,633.89. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Occidental Petroleum Corp. (NYSE:OXY) traded up 1.09% during midday trading on Friday, reaching $68.55. 2,708,008 shares of the company were exchanged. Occidental Petroleum Corp. has a 52-week low of $58.24 and a 52-week high of $78.48. The company’s market capitalization is $52.39 billion. The company has a 50 day moving average of $71.27 and a 200-day moving average of $74.20.

Occidental Petroleum Corp. (NYSE:OXY) last posted its quarterly earnings data on Tuesday, November 1st. The company reported ($0.15) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by $0.04. The firm earned $2.65 billion during the quarter, compared to analyst estimates 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 was down 15.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.03 earnings per share. On average, equities research analysts anticipate that Occidental Petroleum Corp. will post ($0.86) earnings per share for the current fiscal year.

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

The company also recently disclosed 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. This represents a $3.04 annualized dividend and a dividend yield of 4.48%. The ex-dividend date of this dividend is Wednesday, December 7th. Occidental Petroleum Corp.’s payout ratio is currently -42.34%.

Several research analysts have issued reports on OXY shares. Credit Suisse Group AG reaffirmed a “hold” rating and issued a $72.00 target price on shares of Occidental Petroleum Corp. in a report on Monday, September 12th. Credit Agricole SA reaffirmed a “buy” rating on shares of Occidental Petroleum Corp. in a report on Tuesday, August 16th. Mizuho started coverage on shares of Occidental Petroleum Corp. in a report on Wednesday, October 5th. They issued a “buy” rating and a $83.00 target price for the company. Jefferies Group reaffirmed a “hold” rating on shares of Occidental Petroleum Corp. in a report on Thursday, August 4th. Finally, JPMorgan Chase & Co. cut shares of Occidental Petroleum Corp. from a “neutral” rating to an “underweight” rating and lifted their target price for the stock from $76.11 to $78.00 in a report on Monday, September 12th. They noted that the move was a valuation call. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $75.74.

Large investors have recently bought and sold shares of the stock. Kistler Tiffany Companies LLC boosted its position in 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 during the last quarter. First New York Securities LLC NY acquired a new position in Occidental Petroleum Corp. during the second quarter valued at about $110,000. LSV Asset Management acquired a new position in Occidental Petroleum Corp. during the second quarter valued at about $111,000. Apriem Advisors boosted its position in 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 during the last quarter. Finally, Financial Architects Inc boosted its position in 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 during the last quarter. 80.39% of the stock is owned by institutional investors and hedge funds.

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.

5 Day Chart for NYSE:OXY

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