Occidental Petroleum Corporation (NYSE:OXY) Director Stephen I. Chazen sold 4,000 shares of the firm’s stock in a transaction on Thursday, February 16th. The stock was sold at an average price of $66.42, for a total transaction of $265,680.00. Following the transaction, the director now directly owns 1,533,619 shares in the company, valued at $101,862,973.98. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Shares of Occidental Petroleum Corporation (NYSE:OXY) opened at 66.44 on Friday. The firm’s market cap is $50.77 billion. Occidental Petroleum Corporation has a 1-year low of $64.37 and a 1-year high of $78.48. The stock has a 50 day moving average of $68.85 and a 200 day moving average of $71.57.

Occidental Petroleum Corporation (NYSE:OXY) last posted its quarterly earnings results on Thursday, February 9th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by $0.10. The company earned $2.83 billion during the quarter, compared to analyst estimates of $2.70 billion. Occidental Petroleum Corporation had a negative net margin of 5.52% and a negative return on equity of 3.40%. The company’s revenue was down .6% on a year-over-year basis. During the same period in the prior year, the company earned ($0.17) earnings per share. Equities research analysts anticipate that Occidental Petroleum Corporation will post $1.23 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for Occidental Petroleum Corporation (NYSE:OXY)

The business also recently declared a quarterly dividend, which will be paid on Friday, April 14th. Investors of record on Friday, March 10th will be issued a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 4.58%. Occidental Petroleum Corporation’s dividend payout ratio is presently -400.00%.

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Several research analysts have issued reports on OXY shares. Goldman Sachs Group, Inc. (The) raised shares of Occidental Petroleum Corporation from a “sell” rating to a “neutral” rating and set a $75.00 price objective on the stock in a research report on Friday, December 16th. Mizuho downgraded shares of Occidental Petroleum Corporation from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $87.00 to $70.00 in a research report on Monday. Wells Fargo & Company reissued an “outperform” rating on shares of Occidental Petroleum Corporation in a research report on Saturday, January 14th. Barclays PLC lowered their price objective on shares of Occidental Petroleum Corporation from $63.00 to $62.00 and set an “underweight” rating on the stock in a research report on Thursday, January 26th. Finally, Bank of America Corporation downgraded shares of Occidental Petroleum Corporation from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 4th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $72.96.

A number of hedge funds have recently bought and sold shares of OXY. Capital International Investors boosted its stake in Occidental Petroleum Corporation by 193.7% in the second quarter. Capital International Investors now owns 6,011,047 shares of the company’s stock valued at $454,195,000 after buying an additional 3,964,244 shares in the last quarter. The Manufacturers Life Insurance Company bought a new stake in Occidental Petroleum Corporation during the third quarter valued at about $261,471,000. Davis Selected Advisers boosted its stake in Occidental Petroleum Corporation by 45.2% in the second quarter. Davis Selected Advisers now owns 8,402,549 shares of the company’s stock valued at $634,897,000 after buying an additional 2,616,481 shares in the last quarter. Morgan Stanley boosted its stake in Occidental Petroleum Corporation by 55.9% in the third quarter. Morgan Stanley now owns 6,712,813 shares of the company’s stock valued at $489,498,000 after buying an additional 2,406,283 shares in the last quarter. Finally, Federated Investors Inc. PA boosted its stake in Occidental Petroleum Corporation by 123.9% in the fourth quarter. Federated Investors Inc. PA now owns 4,266,806 shares of the company’s stock valued at $303,924,000 after buying an additional 2,361,041 shares in the last quarter. 80.07% of the stock is currently owned by hedge funds and other institutional investors.

About Occidental Petroleum Corporation

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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