Investors Purchase Large Volume of Occidental Petroleum Corp. Call Options (OXY)
Shares of Occidental Petroleum Corp. (NYSE:OXY) saw some unusual options trading activity on Thursday. Stock traders purchased 13,502 call options on the stock, American Banking & Market News reports. This is an increase of 112% compared to the typical volume of 6,372 call options.
A number of research firms have recently commented on OXY. Analysts at Iberia Capital initiated coverage on shares of Occidental Petroleum Corp. in a research note to investors on Tuesday. They set an “outperform” rating and a $105.00 price target on the stock. Separately, analysts at TheStreet reiterated a “buy” rating on shares of Occidental Petroleum Corp. in a research note to investors on Friday, December 27th. Finally, analysts at Atlantic Securities initiated coverage on shares of Occidental Petroleum Corp. in a research note to investors on Thursday, December 19th. They set a “neutral” rating on the stock. Five investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $105.44.
Shares of Occidental Petroleum Corp. (NYSE:OXY) opened at 93.85 on Friday. Occidental Petroleum Corp. has a 1-year low of $77.21 and a 1-year high of $99.42. The stock’s 50-day moving average is $94.4 and its 200-day moving average is $92.34. The company has a market cap of $75.649 billion and a price-to-earnings ratio of 16.71.
Occidental Petroleum Corp. (NYSE:OXY) last announced its earnings results on Tuesday, October 29th. The company reported $1.97 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.89 by $0.08. The company had revenue of $6.45 billion for the quarter, compared to the consensus estimate of $6.39 billion. During the same quarter in the prior year, the company posted $1.70 earnings per share. The company’s quarterly revenue was up 8.1% on a year-over-year basis. Analysts expect that Occidental Petroleum Corp. will post $7.06 EPS for the current fiscal year.
Occidental Petroleum Corporation (NYSE:OXY) conducts its operations through various subsidiaries and affiliates.
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