Large Inflow of Money Witnessed in Occidental Petroleum Corporation

Occidental Petroleum Corporation (OXY) : Thursdays money flow indicated an uptick to downtick ratio was at 1.08. The total value of inflow transactions on upticks was $35.08 million, whereas, the total value of outflow trades on downticks was $32.4 million. The total money flow was $2.68 million, which shows a mild bullish bias. The total money flow into the stock in block trades was $2.56 million. The total value of the trades done on upticks was $2.56 million. Occidental Petroleum Corporation (OXY) was trading with a -0.16% change over previous days close. It fell $0.12 during the day and reached $75.33. The stock was -0.45% compared to the previous weeks close.


Occidental Petroleum Corporation (OXY) : 15 Wall Street analysts covering Occidental Petroleum Corporation (OXY) believe that the average level the stock could reach for the short term is $78.93. The maximum price target given is $91 and the minimum target for short term is around $60, hence the standard deviation is calculated at $8.05. The stock has recorded a 20-day Moving Average of 0.01% and the 50-Day Moving Average is 0.28%.

Occidental Petroleum Corporation (NYSE:OXY): The stock was completely flat for the day, closing at $75.45 on Thursday. The flat closing masks the intraday volatility in the stock. After opening at $75.67, the stock touched an intraday high of $75.99 and a low of $75.00. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $75.45. The total trading volume on Thursday was 4,564,218.

Occidental Petroleum Corporation (Occidental) is engaged in the oil and gas exploration and production. The Company, through its subsidiaries and affliates, operates in the United States, Middle East/North Africa and Latin America. Occidental operates through three segments. The oil and gas segment explores for, develops and produces oil and condensate, natural gas liquids (NGL) and natural gas. The chemical (OxyChem) segment manufactures and markets basic chemicals and vinyls. The midstream, marketing and other segment (midstream and marketing) gathers, processes, transports, stores, purchases and markets oil, condensate, NGLs, natural gas, carbon dioxide (CO2) and power. It also trades around its assets, including transportation and storage capacity, and trades oil, NGLs, gas and other commodities.

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