Shares of Occidental Petroleum Corporation (NYSE:OXY) Sees Large Inflow of Net Money Flow

Occidental Petroleum Corporation (NYSE:OXY) traded negative at $75.25. On an intraday basis, the price dropped -0.2 points or -0.27%. The composite uptick value was $69 million while the combined downtick value was $54.55. The net money flow was $14.44 million while the up/down ratio was not very comforting at 1.26. The shares on a weekly note has seen a change in share price of 0.56%.According to the trading data, the shares saw a block trade with $15.15 million in upticks and $2.46 million in downticks. The up/down ratio for the block was calculated to be 6.17. The net money flow for the block trade was 12.7.


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%. On the companys insider trading activities, Chazen Stephen I, director of Occidental Petroleum Corp /De/, unloaded 5,000 shares at an average price of $75.65 on June 7, 2016. The total amount of the transaction was worth $378,250, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Occidental Petroleum Corporation (NYSE:OXY) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.2 points or 0.27% at $75.25 with 5,074,646 shares getting traded. Post opening the session at $74.84, the shares hit an intraday low of $74.63 and an intraday high of $75.69 and the price was in this range throughout the day. The company has a market cap of $57,472 million and the number of outstanding shares have been calculated to be 763,741,500 shares. The 52-week high of Occidental Petroleum Corporation (NYSE:OXY) is $79.717634 and the 52-week low is $58.216364.

Many analysts have stated their opinion on the company shares. Equity analysts at the Brokerage firm JP Morgan downgrades its rating on Occidental Petroleum Corporation (NYSE:OXY). The rating major has initiated the coverage with neutral rating on the shares. Earlier, the shares were rated a Overweight by the brokerage firm. The Analysts at JP Morgan raises the price target from $74 per share to $80 per share. The rating by the firm 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.

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