Occidental Petroleum Co. (OXY) Director Sells $242120.00 in Stock

Owen Stevens
May 20, 2017

Vanguard Group Inc. now owns 54,072,614 shares of the oil and gas producer's stock worth $3,426,042,000 after buying an additional 983,992 shares during the period.

OXY has been the topic of several other research reports.

Scotiabank reaffirmed their hold rating on shares of Occidental Petroleum Co.

While looking at the SMA values of Occidental Petroleum Corporation (OXY), the 200 simple moving average (SMA) is considered a key indicator by traders and market analysts for determining the overall long-term trend. Finally, Barclays PLC reissued a "sell" rating and issued a $50.00 price target (down previously from $62.00) on shares of Occidental Petroleum in a report on Thursday, April 20th.

Among 14 analysts covering Danaher Corporation (NYSE:DHR), 11 have Buy rating, 0 Sell and 3 Hold. The stock's average target of $73.60 is 21.19% above today's ($60.73) share price. The company's stock has a normal trading capacity of 5.24M shares while the relative volume is 0.67. This change led market cap to move at $46.43B, putting the price -20.52% below the 52-week high and 5.82% above the 52-week low. However the price at the close of last session was 1.26% higher than its 50-day moving average and 3.60% over its 200-day moving average. France-based Natixis Asset has invested 0.11% in Occidental Petroleum Corporation (NYSE:OXY).

Jefferies Group cut their FY2018 earnings per share (EPS) estimates for Occidental Petroleum in a report issued on Wednesday. The business had revenue of $2.98 billion for the quarter, compared to analyst estimates of $2.96 billion. Out of 18 Wall Street analysts rating Occidental Petroleum Corporation, 5 give it "Buy", 1 "Sell" rating, while 12 recommend "Hold". Occidental Petroleum's quarterly revenue was up 30.6% compared to the same quarter past year. Jefferies Group analyst J. Gammel now forecasts that the oil and gas producer will post earnings of $1.94 per share for the year, down from their prior estimate of $2.99.

Astenbeck Capital Management Llc holds 61.66% of its portfolio in Occidental Petroleum Corporation for 1.21 million shares.

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The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 14th. Moreover, First Foundation Advisors has 0.29% invested in the company for 309,566 shares. This represents a $3.04 dividend on an annualized basis and a dividend yield of 5.02%. The ex-dividend date is Wednesday, June 7th. Occidental Petroleum Corporation (NYSE:OXY) has risen 6.00% since April 19, 2017 and is uptrending. Quantitative Invest Management Limited Liability Company owns 0.05% invested in Copart, Inc. Bank of New York Mellon Corp now owns 13,615,738 shares of the oil and gas producer's stock worth $862,693,000 after buying an additional 360,721 shares during the period. The stock appeared $76.15 above its 52-week highs and is down -1.28% for the last five trades. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Hollub Vicki A. also bought $940,800 worth of Occidental Petroleum Corporation (NYSE:OXY) shares. Strong earnings growth is essential to a stock's success and has the greatest impact on its future price performance. Following the completion of the sale, the director now directly owns 1,460,619 shares in the company, valued at $88,411,268.07. Narwhal Capital Management raised its stake in Occidental Petroleum by 9.5% in the third quarter. Huntington National Bank now owns 230,573 shares of the oil and gas producer's stock valued at $16,814,000 after buying an additional 83,088 shares in the last quarter. It also increased its holding in Energy Select Sector Spdr (XLE) by 101,345 shares in the quarter, for a total of 109,820 shares, and has risen its stake in Siemens Ag Adr (SIEGY).

Lombard Odier Asset Management Switzerland Sa decreased Vail Resorts Inc (NYSE:MTN) stake by 6,000 shares to 114,000 valued at $18.39 million in 2016Q4. Tocqueville Asset Management L.P. now owns 243,630 shares of the oil and gas producer's stock valued at $17,765,000 after buying an additional 144,871 shares in the last quarter. Guinness Asset Management invested 2.61% of its portfolio in Occidental Petroleum Corporation (NYSE:OXY). State Street Corp now owns 39,633,185 shares of the oil and gas producer's stock worth $2,511,168,000 after buying an additional 681,032 shares during the period. Finally, Ronald Blue & Co. Parallel Advisors LLC boosted its stake in shares of Occidental Petroleum by 15.6% in the first quarter. This defines the most likely future of the stock price of Occidental Petroleum Corporation. This Beta value of Occidental Petroleum Corporation (OXY) shows that it has historically moved 71% for every 100% move in the benchmark.

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