Occidental Petroleum Corp. Target of Unusually High Options Trading (OXY)
Shares of Occidental Petroleum Corp. (NYSE:OXY) was the target of some unusual options trading activity on Thursday. Stock investors bought 13,876 call options on the company, Analyst Ratings Network reports. This represents an increase of 185% compared to the average daily volume of 4,866 call options.
In other Occidental Petroleum Corp. news, VP B Chuck Anderson sold 45,506 shares of the company’s stock on the open market in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $92.00, for a total value 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 filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on OXY. Analysts at TheStreet reiterated a “buy” rating on shares of Occidental Petroleum Corp. (NYSE:OXY) in a research note to investors on Thursday. Separately, analysts at Wells Fargo & Co. upgraded shares of Occidental Petroleum Corp. (NYSE:OXY) from a “market perform” rating to an “outperform” rating in a research note to investors on Thursday. Finally, 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. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Occidental Petroleum Corp. currently has a consensus rating of “Buy” and a consensus price target of $102.22.
Occidental Petroleum Corp. (NYSE:OXY) traded up 0.72% on Thursday, hitting $93.58. 5,120,007 shares of the company’s stock traded hands. Occidental Petroleum Corp. has a 52 week low of $72.43 and a 52 week high of $95.57. The stock’s 50-day moving average is $88.97 and its 200-day moving average is $88.00. The company has a market cap of $75.403 billion and a price-to-earnings ratio of 17.13.
Occidental Petroleum Corp. (NYSE:OXY) last announced its earnings results 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 in the previous year, the company posted $1.64 earnings per share. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. Analysts expect that Occidental Petroleum Corp. will post $7.10 EPS for the current fiscal year.
Occidental Petroleum Corporation (NYSE:OXY) conducts its operations through various subsidiaries and affiliates.
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