Occidental Petroleum Corp. (NYSE:OXY) Director Stephen I. Chazen sold 2,000 shares of the business’s stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $69.12, for a total value of $138,240.00. Following the transaction, the director now owns 1,581,619 shares of the company’s stock, valued at $109,321,505.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Stephen I. Chazen also recently made the following trade(s):

  • On Thursday, November 17th, Stephen I. Chazen sold 4,000 shares of Occidental Petroleum Corp. stock. The stock was sold at an average price of $68.31, for a total value of $273,240.00.

Occidental Petroleum Corp. (NYSE:OXY) opened at 69.85 on Thursday. Occidental Petroleum Corp. has a 52-week low of $58.24 and a 52-week high of $78.48. The company’s market cap is $53.38 billion. The firm’s 50-day moving average price is $70.88 and its 200-day moving average price is $74.01.

Occidental Petroleum Corp. (NYSE:OXY) last posted its quarterly earnings results on Tuesday, November 1st. The company reported ($0.15) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.11) by $0.04. The business had revenue of $2.65 billion for the quarter, compared to the consensus estimate 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 prior year, the business earned $0.03 earnings per share. On average, equities analysts anticipate that Occidental Petroleum Corp. will post ($0.86) EPS for the current 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 given a dividend of $0.76 per share. The ex-dividend date is Wednesday, December 7th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 4.35%. Occidental Petroleum Corp.’s payout ratio is -42.34%.

Several equities analysts recently commented on the company. Jefferies Group restated a “hold” rating on shares of Occidental Petroleum Corp. in a research report on Thursday, September 8th. Credit Suisse Group AG reiterated a “hold” rating and issued a $72.00 price objective on shares of Occidental Petroleum Corp. in a report on Monday, September 12th. JPMorgan Chase & Co. cut Occidental Petroleum Corp. from a “neutral” rating to an “underweight” rating and upped their price objective 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. reiterated a “buy” rating on shares of Occidental Petroleum Corp. in a report on Tuesday, August 16th. Finally, Deutsche Bank AG cut Occidental Petroleum Corp. from a “buy” rating to a “hold” rating and set a $78.59 price objective for the company. in a report on Friday, August 5th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company’s stock. Occidental Petroleum Corp. presently has a consensus rating of “Hold” and a consensus price target of $75.74.

Several hedge funds and other institutional investors have recently modified their holdings of OXY. Emerald Acquisition Ltd. purchased a new position in shares of Occidental Petroleum Corp. during the second quarter worth $147,818,000. Hermes Investment Management Ltd. raised its position in shares of Occidental Petroleum Corp. by 21.8% in the second quarter. Hermes Investment Management Ltd. now owns 209,801 shares of the company’s stock worth $15,853,000 after buying an additional 37,600 shares during the last quarter. Reaves W H & Co. Inc. raised its position in shares of Occidental Petroleum Corp. by 2.3% in the second quarter. Reaves W H & Co. Inc. now owns 525,248 shares of the company’s stock worth $39,688,000 after buying an additional 11,862 shares during the last quarter. Boston Private Wealth LLC raised its position in shares of Occidental Petroleum Corp. by 6.3% in the second quarter. Boston Private Wealth LLC now owns 369,309 shares of the company’s stock worth $27,905,000 after buying an additional 21,903 shares during the last quarter. Finally, Cullen Frost Bankers Inc. raised its position in shares of Occidental Petroleum Corp. by 0.5% in the second quarter. Cullen Frost Bankers Inc. now owns 302,940 shares of the company’s stock worth $22,890,000 after buying an additional 1,525 shares during the last quarter. Hedge funds and other institutional investors own 80.26% of the company’s stock.

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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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