Shares of Occidental Petroleum Corporation (OXY) Rally 1.56%

Occidental Petroleum Corporation (OXY) has been under a strong bear grip, hence the stock is down -1.16% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.07% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.56% in the last 1 week, and is up 3.16% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 1.96% and the 50-Day Moving Average is 2.63%.

Occidental Petroleum Corporation (NYSE:OXY): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $77.44 and $76.89 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $77.57. The buying momentum continued till the end and the stock did not give up its gains. It closed at $77.32, notching a gain of 0.14% for the day. The total traded volume was 3,886,370 . The stock had closed at $77.21 on the previous day.


The company Insiders own 0.35% of Occidental Petroleum Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -5.14% . Institutional Investors own 81.47% of Occidental Petroleum Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -8.13%. In a related news,The director of Occidental Petroleum Corp /De/, Chazen Stephen I sold 5,000 shares at $77.21 on July 12, 2016. The Insider selling transaction had a total value worth of $386,050. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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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