Occidental Petroleum Co. (NYSE:OXY) CFO Cedric W. Burgher purchased 2,500 shares of the company’s stock in a transaction dated Wednesday, August 14th. The stock was purchased at an average price of $43.27 per share, for a total transaction of $108,175.00. Following the transaction, the chief financial officer now directly owns 79,342 shares in the company, valued at approximately $3,433,128.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
NYSE OXY traded up $0.26 during trading on Thursday, hitting $43.96. 9,277,390 shares of the company’s stock traded hands, compared to its average volume of 8,219,238. The stock has a market capitalization of $33.67 billion, a price-to-earnings ratio of 8.77, a PEG ratio of 2.65 and a beta of 0.82. Occidental Petroleum Co. has a 12-month low of $43.08 and a 12-month high of $83.35. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.00 and a current ratio of 1.20. The business has a 50 day moving average of $49.80 and a 200-day moving average of $57.69.
Occidental Petroleum (NYSE:OXY) last released its quarterly earnings data on Wednesday, July 31st. The oil and gas producer reported $0.97 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.06. The business had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.39 billion. Occidental Petroleum had a net margin of 19.65% and a return on equity of 17.06%. The company’s revenue was up 8.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.10 earnings per share. On average, analysts expect that Occidental Petroleum Co. will post 3.6 EPS for the current year.
A number of research analysts have recently issued reports on the stock. TheStreet downgraded shares of Occidental Petroleum from a “b-” rating to a “c+” rating in a research report on Friday, May 24th. Atlantic Securities downgraded shares of Occidental Petroleum from an “overweight” rating to a “neutral” rating and set a $61.50 price target on the stock. in a research report on Thursday, April 25th. Morgan Stanley dropped their price target on shares of Occidental Petroleum from $55.00 to $52.00 and set an “equal weight” rating on the stock in a research report on Friday, July 12th. Royal Bank of Canada boosted their price target on shares of Occidental Petroleum to $76.00 in a research report on Tuesday, May 7th. Finally, Wolfe Research downgraded shares of Occidental Petroleum from an “outperform” rating to a “peer perform” rating and dropped their price target for the stock from $85.00 to $65.00 in a research report on Monday, May 13th. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have assigned a buy rating to the company’s stock. Occidental Petroleum presently has a consensus rating of “Hold” and an average price target of $71.95.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OXY. Dimensional Fund Advisors LP grew its holdings in Occidental Petroleum by 5.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,690,890 shares of the oil and gas producer’s stock worth $410,668,000 after acquiring an additional 331,307 shares during the last quarter. Geode Capital Management LLC grew its holdings in Occidental Petroleum by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 9,152,375 shares of the oil and gas producer’s stock worth $560,842,000 after acquiring an additional 316,507 shares during the last quarter. Confluence Investment Management LLC bought a new stake in Occidental Petroleum during the 1st quarter worth approximately $254,000. Fruth Investment Management lifted its position in shares of Occidental Petroleum by 5.1% in the 1st quarter. Fruth Investment Management now owns 4,118 shares of the oil and gas producer’s stock worth $272,000 after purchasing an additional 200 shares during the period. Finally, Bank of Stockton acquired a new position in shares of Occidental Petroleum in the 1st quarter worth approximately $218,000. 81.12% of the stock is currently owned by institutional investors and hedge funds.
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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