Large Outflow of Money Witnessed in Occidental Petroleum Corporation

Occidental Petroleum Corporation (OXY): The stock had negative money flow to the tune of ($8.94 million) on Tuesday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $39.48 million, whereas, the outflow of money on downticks was $48.42 million and the ratio between the two was 0.82. The block trade had a negative net money flow of ($12.52 million). The total block trade value undertaken on upticks was $3.65 million. On the other hand, downticks amounted to $16.17 million of the traded value, which shows distribution in the stock by traders. The ratio between uptick and downtick was 0.23. Occidental Petroleum Corporation (OXY) closed with marginal gains of 7 cents to end the day at $76.2, an increase of 0.09% over the previous days close. The stock recorded 0.7% for the week.


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 -5.13% . Institutional Investors own 81.46% of Occidental Petroleum Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -8.15%. In an insider trading activity, Chazen Stephen I, director of Occidental Petroleum Corp /De/, unloaded 5,000 shares at an average price of $75.33 on July 5, 2016. The total amount of the transaction was worth $376,650, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Shares of Occidental Petroleum Corporation rose by 2.86% in the last five trading days and 2.54% for the last 4 weeks. Occidental Petroleum Corporation is up 7.84% in the last 3-month period. Year-to-Date the stock performance stands at 16.81%.

Occidental Petroleum Corporation (NYSE:OXY): stock turned positive on Tuesday. Though the stock opened at $77.41, the bulls momentum made the stock top out at $77.5 level for the day. The stock recorded a low of $76.66 and closed the trading day at $77.37, in the green by 1.54%. The total traded volume for the day was 4,347,538. The stock had closed at $76.2 in the previous days trading.

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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