Occidental Petroleum Corporation (NYSE:OXY) has tumbled 0.66% during the past week and has dropped 0.01% in the last 4 week period. The company has outperformed the S&P 500 by 0.53% in the past week but underperformed the index by 0.93% in the last 4 weeks.
Occidental Petroleum Corporation (NYSE:OXY): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $74.85 and $74.46 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $75.05. The buying momentum continued till the end and the stock did not give up its gains. It closed at $74.95, notching a gain of 0.67% for the day. The total traded volume was 4,062,595 . The stock had closed at $74.45 on the previous day.
The company shares have dropped -4.87% from its 1 Year high price. On Jun 24, 2015, the shares registered one year high at $79.75 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $75.60 and the 200 Day Moving Average price is recorded at $70.35.
On the companys insider trading activities,The director of Occidental Petroleum Corp /De/, Chazen Stephen I sold 5,000 shares at $74.57 on June 14, 2016. The Insider selling transaction had a total value worth of $372,850. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. In the latest statement by the brokerage house, Morgan Stanley downgrades its outlook on Occidental Petroleum Corporation (NYSE:OXY). The current rating of the shares is Equal-weight, according to the research report released by the firm. Previously, the company had a rating of Overweight. The rating by the firm was issued on June 13, 2016. Currently the company Insiders own 0.35% of Occidental Petroleum Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -5.07% . Institutional Investors own 81.45% of Occidental Petroleum Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -7.98%.
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.