Occidental Petroleum Corp /de/ (OXY): Stephen I Chazen , director of Occidental Petroleum Corp /de/ sold 5,000 shares on May 31, 2016. The Insider selling transaction was reported by the company on Jun 2, 2016 to the Securities and Exchange Commission. The shares were sold at $75.39 per share for a total value of $376,925.00 , 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 26, 2016, Stephen I Chazen (director) sold 5,000 shares at $76.24 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 (OXY) witnessed a volatile trading activity on Wednesday Jun 1, 2016 and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $74.9 and reached the intraday high at $75.55. The bulls started the profit booking and pushed the shares to intraday low of $74.33. The trading session was marked by a volume range of 30,41,913 shares exchanging hands. The 52-week high of the shares is $79.857577 and the 52-week low is $58.216364. The market cap of the company stands at $57,617 M and there are 76,37,41,500 shares in public circulation.
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.