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

Occidental Petroleum Corporation (OXY) dropped slightly amid mild profit booking and the last known price was $67.44 per share. The price decreased by -0.33 points or -0.49% which made the investors to buy on weakness. For the latest trading session, the net money flow was recorded at $2.35 million. The total upticks were valued at $10.77 million and the total downticks aggregated to $8.42 million, thereby putting the up/down ratio at 1.28,. The shares has seen a change in the share price of -2.19% on a weekly basis.In a big block trade which occurred today, the total uptick value was $2.97 million and the total downtick value was $0.69, resulting in an up/down ratio of 4.31. The net money flow for the block trade was calculated to be $2.28 million.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Occidental Petroleum Corporation has lost 0.76% in the last five trading days and dropped 5.08% in the last 4 weeks. Occidental Petroleum Corporation has dropped 6.26% during the last 3-month period . Year-to-Date the stock performance stands at -5.08%. Occidental Petroleum Corporation (NYSE:OXY) witnessed a decline in the market cap on Wednesday as its shares dropped 0.24% or 0.16 points. After the session commenced at $67.93, the stock reached the higher end at $68.1 while it hit a low of $67.02. With the volume soaring to 3,975,702 shares, the last trade was called at $67.61. The company has a 52-week high of $78.48. The company has a market cap of $51,667 million and there are 764,188,500 shares in outstanding. The 52-week low of the share price is $63.214334.

Company has reported several Insider transactions to the SEC, on Jan 26, 2017, Stephen I Chazen (director) sold 4,000 shares at 68.29 per share price.On Dec 27, 2016, William R Klesse (director) purchased 10,000 shares at 72.15 per share price.On Jun 19, 2015, John E Feick (director) sold 10,000 shares at 79.07 per share price.

Occidental Petroleum Corporation Last issued its quarterly earnings results on Nov 1, 2016. The company reported $-0.15 EPS for the quarter, missing the analyst consensus estimate by $ -0.03. Analyst had a consensus of $-0.12. The company had revenue of $2648.00 million for the quarter, compared to analysts expectations of $2641.15 million. The companys revenue was down -15.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.03 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Occidental Petroleum Corporation was Downgraded by BofA/Merrill to Neutral on Jan 4, 2017. Occidental Petroleum Corporation was Upgraded by Goldman to Neutral on Dec 16, 2016.

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.


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