2 weeks Ago By ABMN Staff
Occidental Petroleum Co. ( NYSE:OXY – Get Free Report ) saw unusually large options trading activity on Friday. Stock traders purchased 101,542 call options on the stock.
This is an increase of 44% compared to the typical daily volume of 70,542 call options. Insiders Place Their Bets In other Occidental Petroleum news, major shareholder Petroleum Corp /De/ Occidental sold 19,500,000 shares of the business’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $35.
75, for a total value of $697,125,000.00. Following the completion of the transaction, the insider now directly owns 165,681,578 shares in the company, valued at approximately $5,923,116,413.
50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink . 0.
31% of the stock is owned by corporate insiders. Institutional Investors Weigh In On Occidental Petroleum A number of hedge funds have recently made changes to their positions in the business. Investment Research & Advisory Group Inc.
raised its stake in shares of Occidental Petroleum by 75.2% during the first quarter. Investment Research & Advisory Group Inc.
now owns 389 shares of the oil and gas producer’s stock valued at $25,000 after purchasing an additional 167 shares in the last quarter. LifeSteps Financial Inc. acquired a new stake in shares of Occidental Petroleum in the 1st quarter worth approximately $34,000.
Able Wealth Management LLC bought a new position in shares of Occidental Petroleum in the fourth quarter valued at approximately $38,000. New Covenant Trust Company N.A.
acquired a new position in shares of Occidental Petroleum during the first quarter valued at approximately $44,000. Finally, LRI Investments LLC bought a new stake in Occidental Petroleum during the first quarter worth approximately $44,000. Institutional investors own 88.
70% of the company’s stock. Occidental Petroleum Stock Performance Occidental Petroleum ( NYSE:OXY – Get Free Report ) last issued its earnings results on Wednesday, August 7th. The oil and gas producer reported $1.
03 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.26.
The company had revenue of $6.88 billion during the quarter, compared to the consensus estimate of $6.93 billion.
Occidental Petroleum had a return on equity of 17.91% and a net margin of 16.62%.
Occidental Petroleum’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.
68 earnings per share. Research analysts expect that Occidental Petroleum will post 3.57 earnings per share for the current year.
Occidental Petroleum Dividend Announcement The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, September 10th will be paid a dividend of $0.22 per share.
This represents a $0.88 dividend on an annualized basis and a yield of 1.72%.
The ex-dividend date is Tuesday, September 10th. Occidental Petroleum’s payout ratio is 24.04%.
Wall Street Analysts Forecast Growth Several brokerages have commented on OXY. Mizuho dropped their price target on Occidental Petroleum from $76.00 to $72.
00 and set a “neutral” rating for the company in a research note on Monday, September 16th. Susquehanna cut their price target on shares of Occidental Petroleum from $81.00 to $78.
00 and set a “positive” rating on the stock in a report on Wednesday, September 4th. UBS Group decreased their price objective on shares of Occidental Petroleum from $70.00 to $59.
00 and set a “neutral” rating for the company in a research note on Wednesday, September 18th. Stephens reissued an “overweight” rating and issued a $76.00 target price on shares of Occidental Petroleum in a research note on Thursday, August 8th.
Finally, StockNews.com raised shares of Occidental Petroleum from a “sell” rating to a “hold” rating in a research report on Friday. Nine research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock.
Based on data from MarketBeat, Occidental Petroleum currently has a consensus rating of “Hold” and an average target price of $70.21. Check Out Our Latest Stock Analysis on Occidental Petroleum Occidental Petroleum Company Profile ( Get Free Report ) Occidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in the United States, the Middle East, and North Africa.
It operates through three segments: Oil and Gas, Chemical, and Midstream and Marketing. The company's Oil and Gas segment explores for, develops, and produces oil and condensate, natural gas liquids (NGLs), and natural gas. Featured Articles Receive News & Ratings for Occidental Petroleum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Occidental Petroleum and related companies with MarketBeat.
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