Insider Selling: Occidental Petroleum Director Sells 10,000 Shares of Stock (OXY)
Occidental Petroleum (NYSE:OXY) Director John E. Feick sold 10,000 shares of the stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $96.70, for a total value of $967,000.00. Following the transaction, the director now directly owns 42,790 shares of the company’s stock, valued at approximately $4,137,793. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Occidental Petroleum (NYSE:OXY) traded up 1.64% on Wednesday, hitting $99.045. The stock had a trading volume of 3,153,988 shares. Occidental Petroleum has a 1-year low of $84.91 and a 1-year high of $99.42. The stock’s 50-day moving average is $96.07 and its 200-day moving average is $94.40. The company has a market cap of $77.811 billion and a P/E ratio of 13.19.
Occidental Petroleum (NYSE:OXY) last released its earnings data on Monday, May 5th. The company reported $1.75 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.70 by $0.05. The company had revenue of $6.09 billion for the quarter, compared to the consensus estimate of $6.21 billion. During the same quarter last year, the company posted $1.69 earnings per share. Occidental Petroleum’s revenue was up 3.7% compared to the same quarter last year. Analysts expect that Occidental Petroleum will post $7.17 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, July 15th. Shareholders of record on Tuesday, June 10th will be given a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date of this dividend is Friday, June 6th.
Several analysts have recently commented on the stock. Analysts at Barclays cut their price target on shares of Occidental Petroleum from $112.00 to $109.00 in a research note on Tuesday, May 20th. They now have an “overweight” rating on the stock. Separately, analysts at Citigroup Inc. upgraded shares of Occidental Petroleum from a “neutral” rating to a “buy” rating in a research note on Friday, May 9th. They now have a $111.00 price target on the stock, up previously from $103.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Occidental Petroleum in a research note on Tuesday, May 6th. They now have a $99.00 price target on the stock. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Occidental Petroleum currently has a consensus rating of “Buy” and a consensus price target of $108.81.
Occidental Petroleum Corporation (NYSE:OXY) conducts its operations through various subsidiaries and affiliates.
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