Occidental Petroleum Corporation (OXY) : Investors lapped up stocks on upticks to the tune of $53.85 million in the Fridays trading session. The trading value on downticks was comparatively at $37.83 million and the uptick to downtick ratio of 1.42 indicates continuous buying by the bulls. The net money flow into the stock was $16.02 million. The block trades were dominated by the bulls with a healthy 6.67, uptick to downtick ratio. Only $2.8 million worth of trades exchanged hands on downticks showing the reluctance of the large traders to part with their holdings. Upticks saw transactions worth $18.64 clearly indicating buying by large investors. The total money flow for block trades stood at $15.85 million, which is a positive for the stock in the long-term. Occidental Petroleum Corporation (OXY) fell $0.01 during the day at $76.84, a drop of -0.01% over the previous days close. However, for the week, the stock is -0.43%, compared to the previous week.
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 -4.5% . Institutional Investors own 81.2% of Occidental Petroleum Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -9.35%.
In a related news, The Securities and Exchange Commission has divulged that Chazen Stephen I, director of Occidental Petroleum Corp /De/, had unloaded 9,000 shares at an average price of $77 in a transaction dated on August 30, 2016. The total value of the transaction was worth $693,000.
Occidental Petroleum Corporation (NYSE:OXY): The stock opened at $77.57 and touched an intraday high of $77.78 on Friday. During the day, the stock corrected to an intraday low of $76.56, however, the bulls stepped in and pushed the price higher to close in the green at $77.51 with a gain of 0.87% for the day. The total traded volume for the day was 3,458,329. The stock had closed at $76.84 in the previous trading session.
On a relative basis, the stock has outperformed the S&P 500 by 5.34% in the past 4 weeks, but has underperformed the S&P 500 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 0.44% in the last 1 week, and is up 5.2% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
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.