Occidental Petroleum Corp. (NYSE:OXY) Director Carlos Gutierrez acquired 5,000 shares of Occidental Petroleum Corp. stock on the open market in a transaction dated Monday, December 16th. The stock was purchased at an average price of $91.32 per share, for a total transaction of $456,600.00. Following the completion of the purchase, the director now directly owns 28,484 shares of the company’s stock, valued at approximately $2,601,159. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Occidental Petroleum Corp. (NYSE:OXY) traded down 0.81% during mid-day trading on Tuesday, hitting $90.21. 4,583,481 shares of the company’s stock traded hands. Occidental Petroleum Corp. has a 52-week low of $74.82 and a 52-week high of $99.42. The stock has a 50-day moving average of $95.35 and a 200-day moving average of $92.27. The company has a market cap of $72.715 billion and a P/E ratio of 15.98.
Occidental Petroleum Corp. (NYSE:OXY) last released its earnings data on Tuesday, October 29th. The company reported $1.97 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.70 earnings per share. Occidental Petroleum Corp.’s revenue was up 8.1% compared to the same quarter last year. Analysts expect that Occidental Petroleum Corp. will post $7.06 EPS for the current fiscal year.
A number of analysts have recently weighed in on OXY shares. Analysts at TheStreet reiterated a “buy” rating on shares of Occidental Petroleum Corp. in a research note to investors on Monday. Four equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Occidental Petroleum Corp. currently has a consensus rating of “Buy” and an average price target of $105.47.
Occidental Petroleum Corporation (NYSE:OXY) conducts its operations through various subsidiaries and affiliates.
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