Investors Buy High Volume of Call Options on Occidental Petroleum Corp. (OXY)
Occidental Petroleum Corp. (NYSE:OXY) saw unusually large options trading activity on Wednesday. Investors acquired 10,002 call options on the company, StockRatingsNetwork.com reports. This is an increase of 120% compared to the average volume of 4,556 call options.
In other Occidental Petroleum Corp. news, VP B Chuck Anderson sold 45,506 shares of Occidental Petroleum Corp. stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $92.00, for a total transaction of $4,186,552.00. Following the sale, the vice president now directly owns 28,922 shares of the company’s stock, valued at approximately $2,660,824. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
OXY has been the subject of a number of recent research reports. Analysts at Oppenheimer reiterated an “outperform” rating on shares of Occidental Petroleum Corp. (NYSE:OXY) in a research note to investors on Friday, September 20th. Separately, analysts at TheStreet reiterated a “buy” rating on shares of Occidental Petroleum Corp. (NYSE:OXY) in a research note to investors on Monday, September 16th. Finally, analysts at Deutsche Bank cut their price target on shares of Occidental Petroleum Corp. (NYSE:OXY) to $109.00 in a research note to investors on Monday, September 16th.
Eight research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $101.26.
Occidental Petroleum Corp. (NYSE:OXY) traded up 0.12% on Wednesday, hitting $92.91. 3,843,249 shares of the company’s stock traded hands. Occidental Petroleum Corp. has a one year low of $72.43 and a one year high of $95.57. The stock has a 50-day moving average of $88.84 and a 200-day moving average of $87.93. The company has a market cap of $74.863 billion and a P/E ratio of 17.11.
Occidental Petroleum Corp. (NYSE:OXY) last released its earnings data on Tuesday, July 30th. The company reported $1.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.68 by $0.10. The company had revenue of $5.96 billion for the quarter, compared to the consensus estimate of $6.32 billion. During the same quarter last year, the company posted $1.64 earnings per share. Occidental Petroleum Corp.’s revenue was up 3.4% compared to the same quarter last year. Analysts expect that Occidental Petroleum Corp. will post $7.07 EPS for the current fiscal year.
Occidental Petroleum Corporation (NYSE:OXY) conducts its operations through various subsidiaries and affiliates.
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