Occidental Petroleum Corp /de/ (OXY): Stephen I Chazen , director of Occidental Petroleum Corp /de/ sold 5,000 shares on May 24, 2016. The Insider selling transaction was reported by the company on May 26, 2016 to the Securities and Exchange Commission. The shares were sold at $76.24 per share for a total value of $381,175.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 19, 2016, Stephen I Chazen (director) sold 5,000 shares at $75.93 per share price.On Aug 6, 2015, William R Klesse (director) purchased 10,000 shares at $69.48 per share price.Also, On Jun 19, 2015, John E Feick (director) sold 10,000 shares at $79.07 per share price.
Occidental Petroleum Corporation: On Wednesday, May 25, 2016 heightened volatility was witnessed in Occidental Petroleum Corporation which led to swings in the share price. The shares opened for trading at $76.87 and hit $77.35 on the upside , eventually ending the session at $76.17, with a gain of 0.07% or 0.05 points. The heightened volatility saw the trading volume jump to 33,99,508 shares. The 52-week high of the share price is $79.857577 and the company has a market cap of $58,174 M . The 52-week low of the share price is at $58.216364.
On Apr 28, 2016, Occidental Petroleum Corporation announced a cash dividend of $0.7500. The company’s management has announced Jun 8, 2016 as the ex-dividend date and fixed the record date on Jun 10, 2016. The payable date has been fixed on Jul 15, 2016.
Company has been under the radar of several Street Analysts.Occidental Petroleum Corporation is Downgraded by JP Morgan to Neutral. Earlier the firm had a rating of Overweight on the company shares. The Rating was issued on May 9, 2016.
Occidental Petroleum Corporation (Occidental) is engaged in the oil and gas exploration and production. The Company through its subsidiaries and affliates operates in the United States Middle East/North Africa and Latin America. Occidental operates through three segments. The oil and gas segment explores for develops and produces oil and condensate natural gas liquids (NGL) and natural gas. The chemical (OxyChem) segment manufactures and markets basic chemicals and vinyls. The midstream marketing and other segment (midstream and marketing) gathers processes transports stores purchases and markets oil condensate NGLs natural gas carbon dioxide (CO2) and power. It also trades around its assets including transportation and storage capacity and trades oil NGLs gas and other commodities.