Occidental Petroleum Corporation (NYSE:OXY) is now up 8.72% compared to a 12-month low of $47. We have seen the price to move -1.03% lower and get settled at $51.1 on 7/16/2019. At recent session, it appeared stuck in a range of $50.7 to $51.44. This company shares are 22.88% off its target price of $62.79 and the current market capitalization stands at $38.27B. The recent change has given its price a -0.95% deficit over SMA 50 and -39.83% deficit over its 52-week high. The stock witnessed 3.63% gains, -19.35% declines and -22.08% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found OXY’s volatility during a week at 1.8% and during a month it has been found around 2.04%.

What Does Occidental Petroleum Corporation (OXY) Do?

The company describes itself in regulatory filings as, “Occidental Petroleum Corp. engages in the exploration and production of oil and natural gas. It operates through the following segments: Oil & Gas, Chemical and Midstream & Marketing. The Oil & Gas segment explores for, develops and produces oil and condensate, natural gas liquids and natural gas. The Chemical segment manufactures and markets basic chemicals and vinyls. The Midstream & Marketing segment purchases, markets, gathers, processes, transports and stores oil, condensate, natural gas liquids, natural gas, carbon dioxide and power. It also trades around its assets, including transportation and storage capacity. The company was founded in 1920 and is headquartered in Houston, TX.” [Text can be found here: https://www.marketwatch.com/investing/stock/OXY/profile under company description.]

Occidental Petroleum Corporation (OXY) Top Holders

Institutional investors currently hold around $31.97 billion or 86% in OXY stock. Look at its top three institutional owners: Vanguard Group Inc owns $3.27 billion in Occidental Petroleum Corporation, which represents roughly 8.56% of the company’s market cap and approximately 10.24% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 50,122,777 shares of the stock are valued at $2.59 billion. The third largest holder is State Street Corp, which currently holds $1.92 billion worth of this stock and that ownership represents nearly 5.02% of its market capitalization.

Occidental Petroleum Corporation 13F Filings

At the end of March reporting period, 566 institutional holders increased their position in Occidental Petroleum Corporation (NYSE:OXY) by some 38,252,674 shares, 501 decreased positions by 48,728,957 and 145 held positions by 532,150,632. That puts total institutional holdings at 619,132,263 shares, according to SEC filings. The stock grabbed 117 new institutional investments totaling 6,213,760 shares while 96 institutional investors sold out their entire positions totaling 4,056,230 shares.

Occidental Petroleum Corporation (NYSE:OXY) Insider Trades

Multiple company employees have indulged in significant insider trading. Occidental Petroleum Corporation disclosed in a document filed with the US Securities and Exchange Commission (SEC) that SVP & CFO BURGHER CEDRIC W. has acquired 4,100 shares of Occidental Petroleum Corporation (OXY) in the trading session dated Jun. 13, 2019. These shares are worth $203,401 and were traded at $49.61 each. The SEC filing shows that POLADIAN AVEDICK BARUYR performed a purchase of 5,000 shares. The Director added these shares by way of transaction on Jun. 12, 2019. The company’s shares were assimilated at $48.77 per share worth to an investment of some $243,850 to the account of POLADIAN AVEDICK BARUYR.

Senior Vice President, Brown Oscar K, purchased 15,000 common shares of Occidental Petroleum Corporation (OXY) in the open market. In a transaction dated Jun. 12, 2019, the shares were bought at an average price of $48.28, giving away a sum of $724,200. After this purchase, 121,885 common shares of OXY are directly owned by the insider, with total stake valued at $6,228,324.

In the transaction dated Jun. 11, 2019, a great number of shares acquired came courtesy the SVP – Business Support; Vangolen Glenn M. added a total of 5,000 shares at an average price of $48.53, amounting to approximately $242,650. The insider now directly owns 96,961 shares worth $4,954,707.

Occidental Petroleum Corporation (OXY) Analyst Guide

Several analysts have released their opinion on Occidental Petroleum Corporation (NYSE:OXY), with 2 analysts believing it is a strong buy. Whereas 16 of them predict the stock is a hold. Also, there are 1 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2.74 average brokerage recommendation [T1].