An Eye on Data – Occidental Petroleum Corporation (NYSE: OXY)


Occidental Petroleum Corporation (NYSE: OXY) stock encountered a rapid change of -2.41% in the last hour of Friday’s trading session. The stock settled the final trade on $54.97. Occidental Petroleum Corp. will hear directly from shareholders one day after clinching victory in the battle for Anadarko Petroleum Corp. and seeing its shares touch a new 10-year low.

The oil company will host its annual general meeting Friday in Houston, counting an shareholder vote on the board of directors. The meeting could become a proxy referendum on the $38 billion deal, which has shaved 10% off Occidental’s market value. Chevron Corp.’s decision Thursday to walk away from its $33 billion bid for Anadarko cleared the way for Occidental to sign a merger agreement, ending a public takeover battle — a rarity in the oil industry.

Chief Executive Officer Vicki Hollub persuaded the world’s fourth-richest person and one of Europe’s biggest oil explorers to assist back her bid, but shareholders may require more convincing. At least one large shareholder, T. Rowe Price Group Inc., has said it will vote against the nine-member board, which includes Hollub. Last year, Hollub received 99.6% support from shareholders who cast a vote at the meeting.

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Analysts consider this stock active, since it switched over with 17,791,442 shares as compared to its average volume of 7.74M shares. The Average Daily Trading Volume (ADTV) demonstrates trading activity related to the liquidity of the security. When Ave Volume tends to increase, it shows enhanced liquidity. But when Ave Volume is lower, the security will tend to be cheap as people are not as keen to purchase it. Hence, it might have an effect on the worth of the security.

The stock has turned around -33.29% yearly, so it gives a chance to investors, traders, shareholders and stakeholders to take a look at the complete situation of the market. The stock has come back -5.14% weekly shift, because it was maintained at -18.18% in the one month period. Hence, this depicts the stock’s weekly as well as monthly performance. The market capitalization of the corporation settled $42.13B whereas it’s P/B Ratio was 1.94. By using the P/B Ratio methodology, you can compare the value of stock market to its book value. For a smooth stock market functioning, the P/B Ratio must be high and vice versa. Financial investors own 0.10% stake in the business, while Beta Factor, which is generally used to evaluate the riskiness of the security, was moved 0.80.

Meanwhile, shares of the company were making trade -9.99% away from the 20-days SMA and -21.71% away from the 200-days SMA. Currently, the stock is trading -37.30% ahead of its 52-week high and -2.05% beyond its 52-week low. In the meantime, the Occidental Petroleum Corporation’s 14-day RSI was settled at 27.56.



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