In today’s session Occidental Petroleum Corporation (OXY) registered an unusually high (637) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious OXY increase. With 637 contracts traded and 41104 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: OXY161216C00072500 closed last at: $2.75 or 15.4% down. About 1.29M shares traded hands. Occidental Petroleum Corporation (NYSE:OXY) has risen 4.54% since March 16, 2016 and is uptrending. It has underperformed by 1.01% the S&P500.
Analysts await Occidental Petroleum Corporation (NYSE:OXY) to report earnings on October, 26. They expect $0.01 EPS, down 66.67% or $0.02 from last year’s $0.03 per share. OXY’s profit will be $7.65M for 1866.75 P/E if the $0.01 EPS becomes a reality. After $-0.18 actual EPS 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. $95 is the highest target while $54 is the lowest. The $77.27 average target is 3.48% above today’s ($74.67) stock price. Occidental Petroleum Corporation has been the topic of 36 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The stock of Occidental Petroleum Corporation (NYSE:OXY) earned “Neutral” rating by UBS on Thursday, August 4. The rating was downgraded by Iberia Capital Partners on Thursday, December 17 to “Sector Perform”. Citigroup maintained the stock with “Neutral” rating in Monday, September 14 report. The stock of Occidental Petroleum Corporation (NYSE:OXY) has “Equal-Weight” rating given on Monday, June 13 by Morgan Stanley. The firm earned “Buy” rating on Thursday, October 6 by Mizuho. The company was downgraded on Monday, September 12 by JP Morgan. As per Monday, May 9, the company rating was downgraded by JP Morgan. On Monday, August 3 the stock rating was maintained by Oppenheimer with “Outperform”. The firm earned “Outperform” rating on Wednesday, September 2 by Oppenheimer. The rating was downgraded by Jefferies to “Hold” on Tuesday, January 12.
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 2016 Q2. 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.
Virginia Retirement Et Al, a Virginia-based fund reported 36,600 shares. Cwm Ltd Liability Corp has 307,691 shares for 1.7% of their US portfolio. Court Place Lc last reported 0.2% of its portfolio in the stock. Oxbow Advsr Llc accumulated 0.17% or 15,900 shares. Parallax Volatility Advisers Limited Partnership, a California-based fund reported 26,175 shares. Gsa Prtnrs Ltd Liability Partnership holds 0.03% of its portfolio in Occidental Petroleum Corporation (NYSE:OXY) for 6,146 shares. Mizuho Trust And Banking has 0.3% invested in the company for 1.30M shares. The California-based Violich Capital Mngmt has invested 1.19% in Occidental Petroleum Corporation (NYSE:OXY). Gerstein Fisher last reported 0.03% of its portfolio in the stock. Employees Retirement Association Of Colorado, a Colorado-based fund reported 334,951 shares. State Treasurer State Of Michigan has 265,340 shares for 0.16% of their US portfolio. Bb&T last reported 101,312 shares in the company. Zurcher Kantonalbank (Zurich Cantonalbank) reported 131,137 shares or 0.13% of all its holdings. Moreover, Madison Inv has 0.35% invested in Occidental Petroleum Corporation (NYSE:OXY) for 223,235 shares. Ci Investments Inc, a Ontario – Canada-based fund reported 401,250 shares.
Insider Transactions: Since April 26, 2016, the stock had 0 insider purchases, and 24 sales for $12.27 million net activity. Another trade for 5,000 shares valued at $377,415 was made by CHAZEN STEPHEN I on Tuesday, May 17.
Occidental Petroleum Corporation is an gas and oil exploration and production company. The company has a market cap of $57.12 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 Businesswire.com which published an article titled: “Occidental Petroleum 3rd Quarter Results to be Announced Tuesday, November 1, 2016” on October 17, 2016.
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