The CEO of Occidental Petroleum (NYSE: OXY) is Buying Shares

By Carrie Williams

Today, the President and CEO of Occidental Petroleum (NYSE: OXY), Vicki Hollub, bought shares of OXY for $940.8K.

This recent transaction increases Vicki Hollub’s holding in the company by 19.38% to a total of $1.25 million. In addition to Vicki Hollub, 11 other OXY executives reported Buy trades in the last month.

The company has a one year high of $78.48 and a one year low of $61.01. Currently, Occidental Petroleum has an average volume of 5.74M.

28 different firms, including Argus Research and Barclays, currently also have a Buy rating on the stock. Based on 8 analyst ratings, the analyst consensus is Hold with an average price target of $72.57, reflecting a -13.1% downside.

In the last 30 days, insiders have sold $625K worth of OXY shares and purchased $940.8K worth of OXY shares. The insider sentiment on Occidental Petroleum has been positive according to 90 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

Company insider trades are published daily on the SEC (Securities and Exchange Commission). DailyInsider’s proprietary algorithm analyzes these trades and selects the most attractive stocks based on influential insider trades each day. To subscribe to the DailyInsider visit this page.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Occidental Petroleum Corp. operates as an international oil and gas exploration and production company. It operates through the following segments: Oil and Gas, Chemical, and Midstream and Marketing. The Oil and Gas segment develops and produces oil and condensate, natural gas liquids, and natural gas. The Chemical segment produces polyvinyl chloride resins, chlorine, and caustic soda-key building blocks. The Midstream and Marketing segment gathers, processes, transports, stores, purchases, and markets hydrocarbons and other commodities. The company was founded in 1920 and is headquartered in Houston, TX.