Investors bought shares of Occidental Petroleum Corp. (NYSE:OXY) on weakness during trading hours on Monday. $51.73 million flowed into the stock on the tick-up and $31.36 million flowed out of the stock on the tick-down, for a money net flow of $20.37 million into the stock. Of all companies tracked, Occidental Petroleum Corp. had the 15th highest net in-flow for the day. Occidental Petroleum Corp. traded down ($0.55) for the day and closed at $76.77

OXY has been the subject of a number of analyst reports. Barclays PLC lifted their price objective on shares of Occidental Petroleum Corp. from $60.00 to $61.00 and gave the company an “underweight” rating in a report on Thursday, July 14th. TheStreet upgraded shares of Occidental Petroleum Corp. from a “sell” rating to a “hold” rating in a report on Friday, May 6th. Raymond James Financial Inc. cut shares of Occidental Petroleum Corp. from a “strong-buy” rating to an “outperform” rating and set a $85.00 price objective for the company. in a report on Thursday, July 7th. JPMorgan Chase & Co. lowered shares of Occidental Petroleum Corp. from an “overweight” rating to a “neutral” rating and raised their price target for the company from $74.00 to $80.00 in a research report on Monday, May 9th. They noted that the move was a valuation call. Finally, Morgan Stanley lowered shares of Occidental Petroleum Corp. from an “overweight” rating to an “equal weight” rating and raised their price target for the company from $58.24 to $70.00 in a research report on Monday, June 13th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $77.60.

The company has a 50-day moving average price of $75.75 and a 200-day moving average price of $71.44. The company’s market capitalization is $58.63 billion.

Occidental Petroleum Corp. (NYSE:OXY) last posted its earnings results on Thursday, May 5th. The company reported ($0.56) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.40) by $0.16. The business had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.49 billion. During the same quarter in the prior year, the company earned $0.04 EPS. The business’s revenue for the quarter was down 26.3% on a year-over-year basis. Equities analysts expect that Occidental Petroleum Corp. will post ($0.56) earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 9th will be paid a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 3.96%. The ex-dividend date is Wednesday, September 7th. This is a positive change from Occidental Petroleum Corp.’s previous quarterly dividend of $0.75.

In other Occidental Petroleum Corp. news, Director Stephen I. Chazen sold 5,000 shares of the company’s stock in a transaction dated Thursday, June 23rd. The shares were sold at an average price of $77.39, for a total transaction of $386,950.00. Following the transaction, the director now owns 1,770,119 shares in the company, valued at approximately $136,989,509.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Several institutional investors have modified their holdings of the company. MUFG Americas boosted its position in shares of Occidental Petroleum Corp. by 4.9% in the third quarter. MUFG Americas now owns 87,047 shares of the company’s stock valued at $5,769,000 after buying an additional 4,029 shares during the period. First Trust Advisors LP boosted its position in shares of Occidental Petroleum Corp. by 28.6% in the fourth quarter. First Trust Advisors LP now owns 112,048 shares of the company’s stock valued at $7,576,000 after buying an additional 24,946 shares during the period. MetLife Securities Inc boosted its position in shares of Occidental Petroleum Corp. by 126.3% in the fourth quarter. MetLife Securities Inc now owns 15,803 shares of the company’s stock valued at $1,068,000 after buying an additional 8,821 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its position in shares of Occidental Petroleum Corp. by 7.7% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 17,284,248 shares of the company’s stock valued at $1,168,588,000 after buying an additional 1,241,130 shares during the period. Finally, Kornitzer Capital Management Inc. KS boosted its position in shares of Occidental Petroleum Corp. by 8.3% in the fourth quarter. Kornitzer Capital Management Inc. KS now owns 15,298 shares of the company’s stock valued at $1,034,000 after buying an additional 1,175 shares during the period.

Occidental Petroleum Corporation is an oil and gas exploration and production company. The Company operates through three segments: oil and gas, chemical (OxyChem), 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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