Stock of The Day: Could Occidental Petroleum Corporation Lose Strenght? The Stock Increases A Lot Today

Stock of The Day: Could Occidental Petroleum Corporation Lose Strenght? The Stock Increases A Lot Today

The stock of Occidental Petroleum Corporation (NYSE:OXY) is a huge mover today! About 3.81 million shares traded hands. Occidental Petroleum Corporation (NYSE:OXY) has declined 8.96% since April 13, 2016 and is downtrending. It has underperformed by 12.88% the S&P500.
The move comes after 6 months positive chart setup for the $52.83B company. It was reported on Nov, 15 by Barchart.com. We have $92.85 PT which if reached, will make NYSE:OXY worth $19.02B more.

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. The stock of Occidental Petroleum Corporation (NYSE:OXY) has “Sector Perform” rating given on Thursday, December 17 by Iberia Capital Partners. The rating was maintained by UBS with “Neutral” on Thursday, August 4. The firm has “Sector Perform” rating by RBC Capital Markets given on Thursday, October 29. The stock of Occidental Petroleum Corporation (NYSE:OXY) earned “Hold” rating by Tudor Pickering on Friday, November 6. Jefferies downgraded Occidental Petroleum Corporation (NYSE:OXY) on Tuesday, January 12 to “Hold” rating. The stock has “Buy” rating given by Credit Agricole on Tuesday, December 15. The rating was maintained by Citigroup with “Neutral” on Monday, September 14. The stock of Occidental Petroleum Corporation (NYSE:OXY) earned “Sector Perform” rating by RBC Capital Markets on Friday, July 31. JP Morgan downgraded Occidental Petroleum Corporation (NYSE:OXY) on Monday, May 9 to “Neutral” rating. As per Tuesday, September 29, the company rating was initiated by BMO Capital Markets.

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 dropped, 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.
Argentus Cap Ltd Llc holds 0.15% of its portfolio in Occidental Petroleum Corporation (NYSE:OXY) for 4,567 shares. Kbc Nv accumulated 0.25% or 231,343 shares. Violich Cap Mgmt Inc has 49,825 shares for 1.19% of their US portfolio. Howland Cap Management Lc holds 2,798 shares or 0.02% of its portfolio. Pennsylvania Trust Co accumulated 0.11% or 17,850 shares. The Arkansas-based Horrell Cap Management has invested 0% in Occidental Petroleum Corporation (NYSE:OXY). Tradewinds Mngmt Limited Liability last reported 265 shares in the company. Tarbox Grp Incorporated has invested 0.01% of its portfolio in Occidental Petroleum Corporation (NYSE:OXY). Pekin Singer Strauss Asset Il has 0.05% invested in the company for 3,237 shares. Blue Bell Private Wealth Mngmt Limited Liability Co accumulated 0.05% or 1,100 shares. Ariel Cap Lc holds 3,720 shares or 0.17% of its portfolio. The New York-based Cannell Peter B And Inc has invested 0.34% in Occidental Petroleum Corporation (NYSE:OXY). Clearbridge Invs Limited Com owns 1.82 million shares or 0.16% of their US portfolio. Moreover, Cubist Systematic Strategies has 0.08% invested in Occidental Petroleum Corporation (NYSE:OXY) for 19,174 shares. Morgan Stanley has 0.12% invested in the company for 4.31M shares.

Insider Transactions: Since May 17, 2016, the stock had 0 buys, and 24 selling transactions for $13.29 million net activity. CHAZEN STEPHEN I sold $684,495 worth of stock.

Another recent and important Occidental Petroleum Corporation (NYSE:OXY) news was published by Wsj.com which published an article titled: “Occidental Petroleum Acquires Permian Basin Assets for $2 Billion” on October 31, 2016.

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.

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