Today, a Director at Occidental Petroleum (NYSE: OXY), William Klesse, bought shares of OXY for $392.8K.
Following William Klesse’s last OXY Buy transaction on August 10, 2017, the stock climbed by 19.5%. Following this transaction William Klesse’s holding in the company was increased by 6.85% to a total of $6.09 million.
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Based on Occidental Petroleum’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $4.14 billion and quarterly net profit of $843 million. In comparison, last year the company earned revenue of $3.05 billion and had a net profit of $505 million. OXY’s market cap is $59.75B and the company has a P/E ratio of 27.28. Currently, Occidental Petroleum has an average volume of 5.7M.
27 different firms, including Argus Research and Barclays, currently also have a Buy rating on the stock. Based on 9 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $97.25, reflecting a -18.1% downside.
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Occidental Petroleum Corp. engages in the exploration and production of oil and natural gas. It operates through the following segments: Oil and Gas, Chemical, and Midstream and Marketing. The Oil and Gas segment explores for, develops and produces oil and condensate, natural gas liquids and natural gas.
