Occidental Petroleum Co. (NYSE:OXY) insider Oscar K. Brown acquired 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 12th. The stock was bought at an average price of $48.28 per share, with a total value of $724,200.00. Following the completion of the acquisition, the insider now directly owns 111,228 shares of the company’s stock, valued at $5,370,087.84. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

Shares of OXY traded down $0.26 on Wednesday, reaching $48.79. The company’s stock had a trading volume of 7,278,678 shares, compared to its average volume of 7,841,272. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.23 and a quick ratio of 1.03. Occidental Petroleum Co. has a twelve month low of $47.00 and a twelve month high of $86.60. The firm has a market capitalization of $35.82 billion, a PE ratio of 9.74, a P/E/G ratio of 2.46 and a beta of 0.86.

Occidental Petroleum (NYSE:OXY) last posted its earnings results on Sunday, May 5th. The oil and gas producer reported $0.84 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.12. Occidental Petroleum had a net margin of 21.17% and a return on equity of 17.70%. The company had revenue of $4.09 billion for the quarter, compared to analyst estimates of $4.02 billion. During the same quarter in the prior year, the business posted $0.92 EPS. The firm’s revenue was up 6.9% compared to the same quarter last year. As a group, analysts expect that Occidental Petroleum Co. will post 3.89 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Monday, June 10th will be issued a $0.78 dividend. The ex-dividend date is Friday, June 7th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 6.39%. Occidental Petroleum’s dividend payout ratio is presently 62.28%.

A number of research firms recently weighed in on OXY. ValuEngine downgraded Occidental Petroleum from a “hold” rating to a “sell” rating in a report on Wednesday, April 10th. Morgan Stanley set a $69.00 price target on shares of Occidental Petroleum and gave the company a “buy” rating in a research report on Wednesday, May 8th. Wolfe Research cut shares of Occidental Petroleum from an “outperform” rating to a “peer perform” rating and cut their price target for the company from $85.00 to $65.00 in a research report on Monday, May 13th. Argus cut shares of Occidental Petroleum from a “buy” rating to a “hold” rating and set a $54.61 price target on the stock. in a research report on Thursday, May 16th. Finally, Citigroup cut shares of Occidental Petroleum from a “buy” rating to a “neutral” rating and cut their price target for the company from $80.00 to $72.00 in a research report on Tuesday, February 19th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and seven have given a buy rating to the company’s stock. Occidental Petroleum currently has a consensus rating of “Hold” and a consensus price target of $75.30.

Several institutional investors and hedge funds have recently bought and sold shares of OXY. Vanguard Group Inc increased its stake in Occidental Petroleum by 2.2% in the 3rd quarter. Vanguard Group Inc now owns 62,477,713 shares of the oil and gas producer’s stock valued at $5,133,793,000 after buying an additional 1,370,841 shares during the last quarter. Wellington Management Group LLP increased its stake in Occidental Petroleum by 24.1% in the 1st quarter. Wellington Management Group LLP now owns 12,115,645 shares of the oil and gas producer’s stock valued at $802,056,000 after buying an additional 2,353,220 shares during the last quarter. Macquarie Group Ltd. increased its stake in Occidental Petroleum by 5.3% in the 1st quarter. Macquarie Group Ltd. now owns 10,680,974 shares of the oil and gas producer’s stock valued at $707,080,000 after buying an additional 534,297 shares during the last quarter. Northern Trust Corp increased its stake in Occidental Petroleum by 2.6% in the 4th quarter. Northern Trust Corp now owns 9,890,631 shares of the oil and gas producer’s stock valued at $607,087,000 after buying an additional 246,720 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in Occidental Petroleum by 4.2% in the 1st quarter. Geode Capital Management LLC now owns 9,535,332 shares of the oil and gas producer’s stock valued at $630,028,000 after buying an additional 382,957 shares during the last quarter. Institutional investors own 81.77% of the company’s stock.

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Occidental Petroleum Company Profile

Occidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in the United States and internationally. The company operates through three segments: Oil and Gas, Chemical, and Midstream and Marketing. The Oil and Gas segment explores for, develops, and produces oil and condensate, natural gas liquids (NGLs), and natural gas.

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