Today, Occidental Petroleum Corp. (OXY) Director Stephen I. Chazen Sold 2,000 Shares

Today, Occidental Petroleum Corp. (OXY) Director Stephen I. Chazen Sold 2,000 Shares

Occidental Petroleum Corp. (NYSE:OXY) Director Stephen I. Chazen sold 2,000 shares of the business’s stock in a transaction 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 completion of the transaction, the director now owns 1,579,619 shares of the company’s stock, valued at approximately $110,273,202.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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 company’s 50-day moving average price is $70.58 and its 200-day moving average price is $73.88. The company’s market capitalization is $52.26 billion.

Occidental Petroleum Corp. (NYSE:OXY) last issued its earnings results 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 firm earned $2.65 billion during the quarter, compared to analysts’ expectations of $2.69 billion. Occidental Petroleum Corp. had a negative return on equity of 3.43% and a negative net margin of 52.62%. The business’s revenue was down 15.0% on a year-over-year basis. During the same quarter last year, the business earned $0.03 EPS. Equities analysts forecast that Occidental Petroleum Corp. will post ($0.86) earnings per share for the current fiscal year.

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

OXY has been the subject of a number of research reports. Credit Suisse Group AG reiterated a “hold” rating and set a $72.00 price objective on shares of Occidental Petroleum Corp. in a research report on Monday, September 12th. reiterated a “buy” rating on shares of Occidental Petroleum Corp. in a research report on Tuesday, August 16th. Mizuho initiated coverage on Occidental Petroleum Corp. in a research report on Wednesday, October 5th. They set a “buy” rating and a $83.00 price objective for the company. Jefferies Group reiterated a “hold” rating on shares of Occidental Petroleum Corp. in a research report on Thursday, August 4th. Finally, JPMorgan Chase & Co. cut Occidental Petroleum Corp. from a “neutral” rating to an “underweight” rating and upped their price objective 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. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the stock. Occidental Petroleum Corp. presently has a consensus rating of “Hold” and a consensus price target of $75.74.

Several institutional investors have recently added to or reduced their stakes in OXY. Kistler Tiffany Companies LLC raised 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 worth $102,000 after buying an additional 19 shares during the last quarter. First New York Securities LLC NY bought a new position in Occidental Petroleum Corp. during the second quarter worth $110,000. LSV Asset Management bought a new position in Occidental Petroleum Corp. during the second quarter worth $111,000. Oakworth Capital Inc. raised its position in Occidental Petroleum Corp. by 7.0% in the second quarter. Oakworth Capital Inc. now owns 1,521 shares of the company’s stock worth $115,000 after buying an additional 100 shares during the last quarter. Finally, Apriem Advisors raised 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 worth $111,000 after buying an additional 302 shares during the last quarter. Institutional investors and hedge funds own 80.47% of the company’s stock.

Occidental Petroleum Corp. Company Profile

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