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

By Carrie Williams

Yesterday, the President & CEO of Occidental Petroleum (OXYResearch Report), Vicki Hollub, bought shares of OXY for $1.8M.

This recent transaction increases Vicki Hollub’s holding in the company by 16.3% to a total of $12.8 million. In addition to Vicki Hollub, one other OXY executive reported Buy trades in the last month.

See today’s analyst top recommended stocks >>

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.

Company insider trades’ information is brought to you by the DailyInsider, a proprietary algorithm that analyzes insider trading activity to detect the most attractive trading opportunities. 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. 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.