Occidental Petroleum Corporation (NYSE:OXY) Director William R. Klesse bought 10,000 shares of Occidental Petroleum Corporation stock in a transaction on Wednesday, August 9th. The stock was acquired at an average price of $61.58 per share, for a total transaction of $615,800.00. Following the purchase, the director now owns 70,692 shares of the company’s stock, valued at $4,353,213.36. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

Shares of Occidental Petroleum Corporation (OXY) traded down 0.52% during midday trading on Thursday, reaching $61.34. The company had a trading volume of 2,991,021 shares. Occidental Petroleum Corporation has a 52 week low of $57.20 and a 52 week high of $78.48. The company’s 50 day moving average price is $60.45 and its 200-day moving average price is $62.65. The company has a market capitalization of $46.90 billion, a P/E ratio of 431.97 and a beta of 0.65.

Occidental Petroleum Corporation (NYSE:OXY) last issued its quarterly earnings results on Wednesday, August 2nd. The oil and gas producer reported $0.15 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.03. Occidental Petroleum Corporation had a return on equity of 0.13% and a net margin of 0.91%. The company had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3 billion. During the same quarter in the prior year, the business earned ($0.18) EPS. Occidental Petroleum Corporation’s revenue was up 40.9% on a year-over-year basis. On average, equities research analysts predict that Occidental Petroleum Corporation will post $0.65 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Monday, September 11th will be issued a dividend of $0.77 per share. This is an increase from Occidental Petroleum Corporation’s previous quarterly dividend of $0.76. The ex-dividend date is Friday, September 8th. This represents a $3.08 annualized dividend and a yield of 5.02%. Occidental Petroleum Corporation’s dividend payout ratio is 2,338.46%.

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Large investors have recently modified their holdings of the company. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Occidental Petroleum Corporation during the first quarter valued at $102,000. Grove Bank & Trust increased its stake in shares of Occidental Petroleum Corporation by 54.8% in the second quarter. Grove Bank & Trust now owns 1,758 shares of the oil and gas producer’s stock valued at $105,000 after buying an additional 622 shares during the period. Oakworth Capital Inc. increased its stake in shares of Occidental Petroleum Corporation by 14.7% in the second quarter. Oakworth Capital Inc. now owns 1,952 shares of the oil and gas producer’s stock valued at $117,000 after buying an additional 250 shares during the period. Parallel Advisors LLC increased its stake in shares of Occidental Petroleum Corporation by 15.6% in the first quarter. Parallel Advisors LLC now owns 1,961 shares of the oil and gas producer’s stock valued at $118,000 after buying an additional 264 shares during the period. Finally, Mosaic Family Wealth LLC increased its stake in shares of Occidental Petroleum Corporation by 4.0% in the first quarter. Mosaic Family Wealth LLC now owns 1,887 shares of the oil and gas producer’s stock valued at $120,000 after buying an additional 72 shares during the period. Institutional investors own 81.55% of the company’s stock.

OXY has been the topic of a number of recent analyst reports. Zacks Investment Research lowered Occidental Petroleum Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Bank of America Corporation restated a “buy” rating and set a $80.00 price target (down previously from $83.00) on shares of Occidental Petroleum Corporation in a research note on Thursday, May 11th. Barclays PLC restated a “sell” rating and set a $50.00 price target (down previously from $62.00) on shares of Occidental Petroleum Corporation in a research note on Thursday, April 20th. Credit Suisse Group restated a “buy” rating and set a $80.00 price target on shares of Occidental Petroleum Corporation in a research note on Friday, May 19th. Finally, Scotiabank restated a “hold” rating and set a $68.00 price target on shares of Occidental Petroleum Corporation in a research note on Monday, May 15th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the stock. Occidental Petroleum Corporation presently has an average rating of “Hold” and an average target price of $66.38.

About Occidental Petroleum Corporation

Occidental Petroleum Corporation (Occidental) 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.

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

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