Occidental Petroleum Corp. (NYSE:OXY) Director Stephen I. Chazen sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, November 25th. The stock was sold at an average price of $69.81, for a total value of $139,620.00. Following the transaction, the director now directly owns 1,579,619 shares in the company, valued at $110,273,202.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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 68.39 on Tuesday. Occidental Petroleum Corp. has a 52 week low of $58.24 and a 52 week high of $78.48. The firm has a 50-day moving average price of $70.58 and a 200 day moving average price of $73.88. The company’s market cap is $52.26 billion.

Occidental Petroleum Corp. (NYSE:OXY) last announced its quarterly earnings data 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 company had revenue of $2.65 billion for 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%. The firm’s quarterly revenue was down 15.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.03 EPS. Analysts expect that Occidental Petroleum Corp. will post ($0.86) EPS for the current fiscal year.

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

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 13th. Stockholders of record on Friday, December 9th will be paid a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 4.45%. The ex-dividend date of this dividend is Wednesday, December 7th. Occidental Petroleum Corp.’s dividend payout ratio is currently -42.34%.

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Several hedge funds and other institutional investors have recently bought and sold shares of the company. 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 in the last quarter. First New York Securities LLC NY acquired a new position in Occidental Petroleum Corp. during the second quarter valued at $110,000. LSV Asset Management acquired a new position in Occidental Petroleum Corp. during the second quarter valued at $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 in 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 in the last quarter. Hedge funds and other institutional investors own 80.47% of the company’s stock.

OXY has been the subject of a number of analyst reports. Jefferies Group reissued a “hold” rating on shares of Occidental Petroleum Corp. in a research report on Thursday, September 8th. Deutsche Bank AG lowered Occidental Petroleum Corp. from a “buy” rating to a “hold” rating and set a $78.59 price target for the company. in a research report on Friday, August 5th. JPMorgan Chase & Co. lowered Occidental Petroleum Corp. from a “neutral” rating to an “underweight” rating and increased their price target 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. Mizuho initiated coverage on Occidental Petroleum Corp. in a research report on Wednesday, October 5th. They issued a “buy” rating and a $83.00 price target for the company. Finally, reissued a “buy” rating on shares of Occidental Petroleum Corp. in a research report on Tuesday, August 16th. 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 currently has a consensus rating of “Hold” and an average target price of $75.74.

Occidental Petroleum Corp. Company Profile

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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