Investors purchased shares of Occidental Petroleum Corp. (NYSE:OXY) on weakness during trading on Tuesday. $59.63 million flowed into the stock on the tick-up and $32.69 million flowed out of the stock on the tick-down, for a money net flow of $26.94 million into the stock. Of all equities tracked, Occidental Petroleum Corp. had the 13th highest net in-flow for the day. Occidental Petroleum Corp. traded down ($0.68) for the day and closed at $73.68

Several equities research analysts have recently weighed in on OXY shares. Jefferies Group reissued a “hold” rating on shares of Occidental Petroleum Corp. in a research report on Sunday, May 8th. JPMorgan Chase & Co. lowered shares of Occidental Petroleum Corp. from an “overweight” rating to a “neutral” rating and lifted their price target for the company from $74.00 to $80.00 in a report on Monday, May 9th. They noted that the move was a valuation call. TheStreet raised shares of Occidental Petroleum Corp. from a “sell” rating to a “hold” rating in a report on Friday, May 6th. Morgan Stanley lowered shares of Occidental Petroleum Corp. from an “overweight” rating to an “equal weight” rating and lifted their price target for the company from $58.24 to $70.00 in a report on Monday, June 13th. They noted that the move was a valuation call. Finally, Raymond James Financial Inc. lowered shares of Occidental Petroleum Corp. from a “strong-buy” rating to an “outperform” rating and set a $85.00 price target for the company. in a report on Thursday, July 7th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $77.57.

The company’s market cap is $56.29 billion. The company’s 50-day moving average price is $75.37 and its 200 day moving average price is $72.64.

Occidental Petroleum Corp. (NYSE:OXY) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.18) EPS for the quarter, hitting analysts’ consensus estimates of ($0.18). During the same period in the prior year, the company earned $0.21 EPS. The company had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.73 billion. The firm’s revenue was down 27.0% compared to the same quarter last year. On average, analysts anticipate that Occidental Petroleum Corp. will post ($0.65) EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 9th will be paid a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 4.13%. This is an increase from Occidental Petroleum Corp.’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Wednesday, September 7th.

In other news, Director Stephen I. Chazen sold 5,000 shares of the firm’s stock in a transaction dated Thursday, May 19th. The shares were sold at an average price of $75.48, for a total value of $377,400.00. Following the transaction, the director now owns 1,795,519 shares of the company’s stock, valued at approximately $135,525,774.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Stephen I. Chazen sold 9,000 shares of the firm’s stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $73.76, for a total transaction of $663,840.00. Following the completion of the transaction, the director now directly owns 1,738,119 shares in the company, valued at approximately $128,203,657.44. The disclosure for this sale can be found here.

Several hedge funds and institutional investors have modified their holdings of OXY. Twin Capital Management Inc. raised its position in shares of Occidental Petroleum Corp. by 0.6% in the fourth quarter. Twin Capital Management Inc. now owns 22,225 shares of the company’s stock valued at $1,503,000 after buying an additional 130 shares during the period. Cambridge Investment Research Advisors Inc. raised its position in shares of Occidental Petroleum Corp. by 14.3% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 27,890 shares of the company’s stock valued at $1,886,000 after buying an additional 3,494 shares during the period. Pittenger & Anderson Inc. raised its position in shares of Occidental Petroleum Corp. by 12.6% in the fourth quarter. Pittenger & Anderson Inc. now owns 35,275 shares of the company’s stock valued at $2,384,000 after buying an additional 3,955 shares during the period. Roosevelt Investment Group Inc. raised its position in shares of Occidental Petroleum Corp. by 26.5% in the fourth quarter. Roosevelt Investment Group Inc. now owns 35,744 shares of the company’s stock valued at $2,417,000 after buying an additional 7,499 shares during the period. Finally, Ashburton Jersey Ltd acquired a new position in shares of Occidental Petroleum Corp. during the fourth quarter valued at about $2,474,000.

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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