Large Outflow of Money Witnessed in Occidental Petroleum Corporation

Occidental Petroleum Corporation (OXY) : The total negative money flow of $28.9 million on Wednesday indicates selling on strength. The inflow of money on upticks was $96.67 million, compared to $125.57 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.77. The negative money flow of $33.45 million in block trades reveals that the informed traders sold the stock on every bit of price strength. The traded value of the stock on uptick was $8.25 million in a block trade.The transaction value of block trade on downtick was $41.7 million. The uptick to downtick ratio was 0.2. The price action in the Occidental Petroleum Corporation (OXY) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $71.9 with a gain of $3.25 , a change of 4.73% over the previous days close. The stock registered 3.3% for the week.


Shares of Occidental Petroleum Corporation appreciated by 0.14% during the last five trading days but lost 6.85% on a 4-week basis. Occidental Petroleum Corporation has dropped 3.31% during the last 3-month period . Year-to-Date the stock performance stands at 9.62%.

Occidental Petroleum Corporation (OXY) : 5 brokerage houses believe that Occidental Petroleum Corporation (OXY) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 9 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Occidental Petroleum Corporation (OXY). Zacks Investment Research suggests a Hold with a rank of 3. 2 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 17 Wall Street Analysts endorse the stock as a Hold with a rating of 2.59.

Occidental Petroleum Corporation (NYSE:OXY): The stock opened at $69.07 and touched an intraday high of $72.18 on Wednesday. During the day, the stock corrected to an intraday low of $68.65, however, the bulls stepped in and pushed the price higher to close in the green at $71.9 with a gain of 4.73% for the day. The total traded volume for the day was 8,044,679. The stock had closed at $68.65 in the previous trading session.

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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