The 9,000 Shares of Occidental Petroleum Corp. (OXY) Stock are sold by Stephen I. Chazen

The 9,000 Shares of Occidental Petroleum Corp. (OXY) Stock are sold by Stephen I. Chazen

Occidental Petroleum Corp. (NYSE:OXY) Director Stephen I. Chazen sold 9,000 shares of the business’s stock in a transaction that occurred on Thursday, October 27th. The stock was sold at an average price of $74.36, for a total transaction of $669,240.00. Following the completion of the transaction, the director now owns 1,610,119 shares of the company’s stock, valued at $119,728,448.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Occidental Petroleum Corp. (NYSE:OXY) opened at 73.63 on Monday. The firm’s 50 day moving average is $72.88 and its 200 day moving average is $74.92. Occidental Petroleum Corp. has a 12-month low of $58.24 and a 12-month high of $78.48. The company’s market cap is $56.25 billion.

Occidental Petroleum Corp. (NYSE:OXY) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.18) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.18). The business earned $2.53 billion during the quarter, compared to analysts’ expectations of $2.73 billion. Occidental Petroleum Corp. had a negative net margin of 71.82% and a negative return on equity of 2.64%. The business’s quarterly revenue was down 27.0% on a year-over-year basis. During the same quarter last year, the company posted $0.21 earnings per share. Equities research analysts anticipate that Occidental Petroleum Corp. will post ($0.80) EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, January 13th. Shareholders of record on Friday, December 9th will be issued a $0.76 dividend. The ex-dividend date is Wednesday, December 7th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 4.13%. Occidental Petroleum Corp.’s dividend payout ratio is currently -29.57%.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Kistler Tiffany Companies LLC boosted its position 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 during the period. First New York Securities LLC NY acquired a new position in shares of Occidental Petroleum Corp. during the second quarter valued at about $110,000. LSV Asset Management acquired a new position in shares of Occidental Petroleum Corp. during the second quarter valued at about $111,000. Financial Architects Inc boosted its position 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 during the period. Finally, Enterprise Financial Services Corp boosted its position in shares of Occidental Petroleum Corp. by 36.3% in the third quarter. Enterprise Financial Services Corp now owns 1,553 shares of the company’s stock valued at $113,000 after buying an additional 414 shares during the period. 80.76% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have weighed in on OXY. Mizuho began coverage on shares of Occidental Petroleum Corp. in a research note on Wednesday, October 5th. They set a “buy” rating and a $83.00 target price for the company. Credit Suisse Group AG reiterated a “hold” rating and set a $72.00 target price on shares of Occidental Petroleum Corp. in a research note on Monday, September 12th. JPMorgan Chase & Co. lowered shares of Occidental Petroleum Corp. from a “neutral” rating to an “underweight” rating and boosted their target price for the company from $76.11 to $78.00 in a research note on Monday, September 12th. They noted that the move was a valuation call. Jefferies Group reiterated a “hold” rating on shares of Occidental Petroleum Corp. in a research note on Thursday, September 8th. Finally, Credit Agricole SA reiterated a “buy” rating on shares of Occidental Petroleum Corp. in a research note on Tuesday, August 16th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $76.26.

Occidental Petroleum Corp. Company Profile

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