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

Occidental Petroleum Corporation (OXY) : Fridays money flow data in Occidental Petroleum Corporation (OXY) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $26.95 million, whereas, $24.69 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.09, in favor of the bulls. The total money flow into the stock was $2.26 million clearly indicating that the smart money has been buying into the stock on weakness.

In comparison, the money flow in block deals was $2.72 million. The total value of block trades done on upticks was $2.72 million. Occidental Petroleum Corporation (OXY) fell $0.35 and traded at $75.38, down -0.46% for the day, over previous days close. On a weekly basis, the shares are -2.51% over the previous weeks close.


Occidental Petroleum Corporation (OXY) has been rated by 15 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $91 and the lowest price target forecast is $61. The average forecast of all the analysts is $79.2 and the expected standard deviation is $8.08.

Occidental Petroleum Corporation (NYSE:OXY): On Fridays trading session , Opening price of the stock was $75.67 with an intraday high of $76.01. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $75.13. However, the stock managed to close at $75.38, a loss of 0.46% for the day. On the previous day, the stock had closed at $75.73. The total traded volume of the day was 2,411,371 shares.

In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Occidental Petroleum Corp /De/, Chazen Stephen I had sold 5,000 shares worth of $381,200 in a transaction dated July 19, 2016. In this transaction, 5,000 shares were sold at $76.24 per share.

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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