Occidental Petroleum Co. (NYSE:OXY) Director William R. Klesse purchased 12,000 shares of the firm’s stock in a transaction on Friday, November 8th. The shares were purchased at an average price of $39.31 per share, with a total value of $471,720.00. Following the completion of the acquisition, the director now directly owns 113,203 shares of the company’s stock, valued at $4,450,009.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

NYSE OXY opened at $37.76 on Friday. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.23 and a current ratio of 1.33. The firm has a 50-day simple moving average of $41.82 and a 200 day simple moving average of $47.73. Occidental Petroleum Co. has a twelve month low of $37.60 and a twelve month high of $73.64. The stock has a market cap of $34.34 billion, a PE ratio of 7.54, a PEG ratio of 3.56 and a beta of 0.85.

Occidental Petroleum (NYSE:OXY) last released its earnings results on Monday, November 4th. The oil and gas producer reported $0.11 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.30). Occidental Petroleum had a net margin of 6.34% and a return on equity of 9.98%. The company had revenue of $5.87 billion during the quarter, compared to the consensus estimate of $5.59 billion. During the same quarter in the previous year, the business posted $1.77 EPS. The firm’s quarterly revenue was down 4.9% on a year-over-year basis. Research analysts forecast that Occidental Petroleum Co. will post 1.8 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 10th will be paid a $0.79 dividend. This represents a $3.16 annualized dividend and a dividend yield of 8.37%. The ex-dividend date of this dividend is Monday, December 9th. Occidental Petroleum’s payout ratio is presently 63.07%.

OXY has been the subject of a number of recent analyst reports. Jefferies Financial Group initiated coverage on shares of Occidental Petroleum in a report on Friday, August 23rd. They set a “hold” rating and a $47.00 price target for the company. JPMorgan Chase & Co. initiated coverage on shares of Occidental Petroleum in a report on Tuesday, August 13th. They set an “underweight” rating and a $50.00 price target for the company. Piper Jaffray Companies set a $59.00 price target on shares of Occidental Petroleum and gave the company a “buy” rating in a report on Friday, August 16th. SunTrust Banks initiated coverage on shares of Occidental Petroleum in a report on Monday, September 23rd. They set a “hold” rating and a $48.00 price target for the company. Finally, Bank of America set a $80.00 price target on shares of Occidental Petroleum and gave the company a “buy” rating in a report on Wednesday, September 18th. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Occidental Petroleum has a consensus rating of “Hold” and an average target price of $59.08.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mizuho Securities Co. Ltd. bought a new position in Occidental Petroleum during the second quarter worth about $30,000. Clean Yield Group bought a new position in Occidental Petroleum during the third quarter worth about $29,000. TRUE Private Wealth Advisors bought a new position in Occidental Petroleum during the second quarter worth about $36,000. Hall Laurie J Trustee bought a new position in Occidental Petroleum during the third quarter worth about $33,000. Finally, Edge Wealth Management LLC lifted its stake in Occidental Petroleum by 93.3% during the third quarter. Edge Wealth Management LLC now owns 773 shares of the oil and gas producer’s stock worth $34,000 after purchasing an additional 373 shares during the period. Institutional investors and hedge funds own 71.09% of the company’s stock.

Occidental Petroleum Company Profile

Occidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in the United States and internationally. The company operates through three segments: Oil and Gas, Chemical, 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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Insider Buying and Selling by Quarter for Occidental Petroleum (NYSE:OXY)

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