Todays Report: Today, Occidental Petroleum Corp. (OXY) Director Stephen I. Chazen Sold 9,000 Shares

Today, Occidental Petroleum Corp. (OXY) Director Stephen I. Chazen Sold 9,000 Shares

Occidental Petroleum Corp. (NYSE:OXY) Director Stephen I. Chazen sold 9,000 shares of Occidental Petroleum Corp. stock in a transaction that occurred on Thursday, October 6th. The stock was sold at an average price of $73.19, for a total transaction of $658,710.00. Following the completion of the sale, the director now owns 1,637,119 shares of the company’s stock, valued at $119,820,739.61. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Shares of Occidental Petroleum Corp. (NYSE:OXY) opened at 73.54 on Friday. The stock’s market cap is $56.18 billion. The company has a 50-day moving average of $74.30 and a 200 day moving average of $74.40. Occidental Petroleum Corp. has a one year low of $58.24 and a one year high of $78.48.

Occidental Petroleum Corp. (NYSE:OXY) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.18) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.18). The firm earned $2.53 billion during the quarter, compared to the consensus estimate of $2.73 billion. Occidental Petroleum Corp. had a negative return on equity of 2.64% and a negative net margin of 71.82%. The firm’s quarterly revenue was down 27.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.21 earnings per share. On average, equities analysts forecast that Occidental Petroleum Corp. will post ($0.71) earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 13th. Investors of record on Friday, December 9th will be issued a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 4.13%. Occidental Petroleum Corp.’s dividend payout ratio (DPR) is -29.57%.

A number of analysts recently commented on OXY shares. Mizuho started coverage on shares of Occidental Petroleum Corp. in a research note on Wednesday. They issued a “buy” rating and a $83.00 target price for the company. Credit Agricole SA reiterated a “buy” rating on shares of Occidental Petroleum Corp. in a research note on Tuesday, August 16th. Morgan Stanley cut shares of Occidental Petroleum Corp. from an “overweight” rating to an “equal weight” rating and lifted their target price for the stock from $58.24 to $70.00 in a research note on Monday, June 13th. They noted that the move was a valuation call. Credit Suisse Group AG reiterated a “hold” rating and issued a $72.00 target price on shares of Occidental Petroleum Corp. in a research note on Monday, September 12th. Finally, Deutsche Bank AG cut shares of Occidental Petroleum Corp. from a “buy” rating to a “hold” rating and set a $78.59 target price for the company. in a research note on Friday, August 5th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $76.06.

A number of institutional investors have recently made changes to their positions in the stock. Copper Rock Capital Partners LLC increased its position in shares of Occidental Petroleum Corp. by 11.9% in the third quarter. Copper Rock Capital Partners LLC now owns 4,222 shares of the company’s stock worth $305,000 after buying an additional 449 shares during the period. Summit Financial Wealth Advisors LLC increased its position in shares of Occidental Petroleum Corp. by 23.6% in the third quarter. Summit Financial Wealth Advisors LLC now owns 12,212 shares of the company’s stock worth $891,000 after buying an additional 2,328 shares during the period. Burns J W & Co. Inc. NY increased its position in shares of Occidental Petroleum Corp. by 9.8% in the third quarter. Burns J W & Co. Inc. NY now owns 27,722 shares of the company’s stock worth $2,021,000 after buying an additional 2,481 shares during the period. BNP Paribas Arbitrage SA increased its position in shares of Occidental Petroleum Corp. by 1.6% in the third quarter. BNP Paribas Arbitrage SA now owns 159,203 shares of the company’s stock worth $11,609,000 after buying an additional 2,474 shares during the period. Finally, West Oak Capital LLC increased its position in shares of Occidental Petroleum Corp. by 1.1% in the third quarter. West Oak Capital LLC now owns 14,235 shares of the company’s stock worth $1,038,000 after buying an additional 150 shares during the period. 80.80% of the stock is owned by hedge funds and other institutional investors.

Occidental Petroleum Corp. Company Profile

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