In today’s session Occidental Petroleum Corporation (OXY) registered an unusually high (567) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious OXY increase. With 567 contracts traded and 13834 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: OXY161021C00075000 closed last at: $0.5 or 15.3% down. About 2.61 million shares traded hands. Occidental Petroleum Corporation (NYSE:OXY) has risen 2.91% since March 3, 2016 and is uptrending. It has underperformed by 5.44% the S&P500.
Analysts await Occidental Petroleum Corporation (NYSE:OXY) to report earnings on October, 26. They expect $0.01 earnings per share, down 66.67% or $0.02 from last year’s $0.03 per share. OXY’s profit will be $7.63M for 1845.75 P/E if the $0.01 EPS becomes a reality. After $-0.18 actual earnings per share reported by Occidental Petroleum Corporation for the previous quarter, Wall Street now forecasts -105.56% EPS growth.
Occidental Petroleum Corporation (NYSE:OXY) Ratings Coverage
Out of 16 analysts covering Occidental Petroleum Corporation (NYSE:OXY), 6 rate it a “Buy”, 2 “Sell”, while 8 “Hold”. This means 38% are positive. Occidental Petroleum Corporation has been the topic of 36 analyst reports since August 3, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained Occidental Petroleum Corporation (NYSE:OXY) rating on Friday, July 31. RBC Capital Markets has “Sector Perform” rating and $77 price target. The company was maintained on Monday, September 14 by Citigroup. RBC Capital Markets maintained Occidental Petroleum Corporation (NYSE:OXY) rating on Thursday, October 29. RBC Capital Markets has “Sector Perform” rating and $73 price target. Credit Agricole initiated the stock with “Buy” rating in Tuesday, December 15 report. The firm earned “Underweight” rating on Thursday, July 14 by Barclays Capital. Mizuho initiated Occidental Petroleum Corporation (NYSE:OXY) on Thursday, October 6 with “Buy” rating. As per Monday, June 13, the company rating was downgraded by Morgan Stanley. The stock of Occidental Petroleum Corporation (NYSE:OXY) has “Sector Perform” rating given on Thursday, December 17 by Iberia Capital Partners. The firm has “Hold” rating by Deutsche Bank given on Friday, August 5. On Tuesday, September 29 the stock rating was initiated by BMO Capital Markets with “Outperform”.
According to Zacks Investment Research, “Occidental Petroleum Corp. explores for, develops, produces and markets crude oil and natural gas and manufactures and markets a variety of basic chemicals, including chlorine, caustic soda, and ethylene dichloride, as well as specialty chemicals and vinyls, including polyvinyl chloride resins and vinyl chloride monomer. Occidental conducts its principal operations through its oil and gas and chemical subsidiaries.”
Insitutional Activity: The institutional sentiment decreased to 1.12 in Q2 2016. Its down 0.06, from 1.18 in 2016Q1. The ratio dived, as 69 funds sold all Occidental Petroleum Corporation shares owned while 340 reduced positions. 79 funds bought stakes while 379 increased positions. They now own 608.99 million shares or 2.93% more from 591.64 million shares in 2016Q1.
Hm Payson & Company last reported 210,961 shares in the company. Psagot House holds 34,961 shares or 0.11% of its portfolio. Etrade Capital Management Ltd Llc reported 28,568 shares or 0.11% of all its holdings. Tctc Ltd Liability Com holds 1.53% or 298,597 shares in its portfolio. Cqs Cayman Limited Partnership has invested 0.24% of its portfolio in Occidental Petroleum Corporation (NYSE:OXY). Manning & Napier Advsrs, a New York-based fund reported 37,729 shares. M&R Mngmt last reported 0.05% of its portfolio in the stock. Invesco reported 8.60 million shares or 0.24% of all its holdings. Astenbeck Capital Mngmt last reported 980,000 shares in the company. Cibc Asset Mgmt accumulated 0.04% or 75,520 shares. Meeder Asset last reported 19,305 shares in the company. Moreover, National Bank Of Hawaii has 0.13% invested in Occidental Petroleum Corporation (NYSE:OXY) for 15,503 shares. Johnson Finance Group holds 1,925 shares or 0.02% of its portfolio. Reilly Financial Ltd Com last reported 5,191 shares in the company. Moreover, Dearborn Prns Ltd has 0.93% invested in Occidental Petroleum Corporation (NYSE:OXY) for 141,642 shares.
Insider Transactions: Since April 12, 2016, the stock had 0 insider buys, and 24 selling transactions for $11.69 million net activity. 9,000 shares with value of $657,405 were sold by CHAZEN STEPHEN I on Tuesday, September 13.
Occidental Petroleum Corporation is an gas and oil exploration and production company. The company has a market cap of $56.32 billion. The Firm operates through three divisions: gas and oil, chemical , and midstream and marketing. It currently has negative earnings. The gas and oil segment explores for, develops and produces oil and condensate, natural gas liquids (NGLs) and natural gas.
OXY Company Profile
Occidental Petroleum Corporation (Occidental), incorporated on April 9, 1986, is an gas and oil exploration and production firm with activities in the United States, the Middle East region and Latin America. The Firm operates through three divisions: gas and oil, chemical (OxyChem), and midstream and marketing. The gas and oil segment explores for, develops and produces oil and condensate, natural gas liquids (NGLs) and natural gas. The chemical (OxyChem) segment makes and markets basic chemicals and vinyls. The midstream, marketing segment (midstream and marketing) gathers, processes, transports, stores, purchases and markets oil, condensate, NGLs, natural gas, carbon dioxide (CO2) and power. Additionally, the midstream and marketing segment invests in entities that conduct similar activities. It also trades around its assets, including transportation and storage capacity, and trades oil, NGLs, gas and other commodities. Occidental’s domestic upstream gas and oil activities are located in New Mexico and Texas. International activities are located in Bolivia, Colombia, Oman, Qatar and the United Arab Emirates.
Another recent and important Occidental Petroleum Corporation (NYSE:OXY) news was published by Seekingalpha.com which published an article titled: “Occidental Petroleum Raises Its Dividend 1.3% – What Now?” on September 19, 2016.
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