After pulling data from Benzinga Pro it seems like during Q2, Occidental Petroleum (NYSE:OXY) earned $572.00 million, a 1171.11% increase from the preceding quarter.
The latest round of 13F filings from institutional investors is out, revealing to the world the stocks that some of the richest and most successful investors have been buying and selling.
Shares of Occidental Petroleum (NYSE:OXY) saw some unusual options activity on Wednesday. Following the unusual option alert, the stock price moved up to $26.68.
When insiders purchase shares, it indicates their confidence in the company's prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision.
Shares of Occidental Petroleum (NYSE:OXY) saw some unusual options activity on Wednesday. Following the unusual option alert, the stock price moved down to $25.54.
Occidental Petroleum (NYSE:OXY) reported quarterly earnings of $0.32 per share which beat the analyst consensus estimate of $(0.12) by 366.67 percent. This is a 118.18 percent increase over losses of $(1.76) per share
Companies Reporting Before The Bell
• Myriad Genetics (NASDAQ:MYGN) is likely to report earnings for its fourth quarter.
• Stellantis (NYSE:STLA) is expected to report earnings for its second quarter.
Occidental Petroleum (NYSE:OXY) releases its next round of earnings this Tuesday, August 03. Get the latest predictions in Benzinga's essential guide to the company's Q2 earnings report.