Yesterday, the SVP, GC & CCO of Occidental Petroleum (OXY), Marcia Backus, bought shares of OXY for $480.9K.
Following this transaction Marcia Backus’ holding in the company was increased by 10.75% to a total of $4.94 million. In addition to Marcia Backus, one other OXY executive reported Buy trades in the last month.
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Based on Occidental Petroleum’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $4.06 billion and quarterly net profit of $628 million. In comparison, last year the company earned revenue of $3.78 billion and had a net profit of $705 million. OXY’s market cap is $35.82B and the company has a P/E ratio of 9.02. Currently, Occidental Petroleum has an average volume of 9.86M.
Based on 11 analyst ratings, the analyst consensus is Hold with an average price target of $68.57, reflecting a 43.2% upside.
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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 & Gas, Chemical and Midstream & Marketing. The Oil & Gas segment explores for, develops and produces oil and condensate, natural gas liquids and natural gas.
