Occidental Petroleum Corp /de/ (OXY) Files Form 4 Insider Selling : Stephen I Chazen Sells 5,000 Shares

Occidental Petroleum Corp /de/ (OXY): Stephen I Chazen , director of Occidental Petroleum Corp /de/ sold 5,000 shares on Jul 19, 2016. The Insider selling transaction was reported by the company on Jul 21, 2016 to the Securities and Exchange Commission. The shares were sold at $76.24 per share for a total value of $381,200.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jul 14, 2016, Stephen I Chazen (director) sold 5,000 shares at $77.21 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.

Shares of Occidental Petroleum Corporation (OXY) ended Wednesday, Jul 20, 2016 session in red amid volatile trading. The shares closed down -0.02 points or -0.03% at $76.35 with 18,25,822 shares getting traded. Post opening the session at $76.14, the shares hit an intraday low of $75.87 and an intraday high of $76.87 and the price vacillated in this range throughout the day. The company has a market cap of $58,312 M and the number of outstanding shares has been calculated to be 76,37,41,500 shares. The 52-week high of Occidental Petroleum Corporation is $78.31 and the 52-week low is $58.216364.

Occidental Petroleum Corporation Money Flow Index Chart

On Jul 14, 2016, Occidental Petroleum Corporation announced a cash dividend of $0.7600. The company’s management has announced Sep 7, 2016 as the ex-dividend date and fixed the record date on Sep 9, 2016. The payable date has been fixed on Oct 14, 2016.

Company has been under the radar of several Street Analysts.Occidental Petroleum Corporation is Downgraded by Raymond James to Outperform. Earlier the firm had a rating of Strong Buy on the company shares. The Rating was issued on Jul 7, 2016.Occidental Petroleum Corporation is Downgraded by Morgan Stanley to Equal-Weight. Earlier the firm had a rating of Overweight on the company shares. The Rating was issued on Jun 13, 2016.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.

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