Yahoo Finance Occidental Petroleum Corporation (NYSE:OXY) insiders snagged a deal: Up US$160k on a US$515k investment
Insiders who bought Occidental Petroleum Corporation (NYSE:OXY) stock lover the last 12 months are probably not as affected by last week’s 5.0% loss. Even after accounting for the recent loss, the US$515k worth of stock purchased by them is now worth US$675k or in other words, their investment continues to give good returns.
Although we don't think shareholders should simply follow insider transactions, we would consider it foolish to ignore insider transactions altogether.
Check out our latest analysis for Occidental Petroleum
Occidental Petroleum Insider Transactions Over The Last Year
The Independent Chairman Stephen Chazen made the biggest insider purchase in the last 12 months. That single transaction was for US$515k worth of shares at a price of US$25.76 each. We do like to see buying, but this purchase was made at well below the current price of US$33.75. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.
The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
Occidental Petroleum is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Insider Ownership of Occidental Petroleum
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. We usually like to see fairly high levels of insider ownership. Insiders own 0.2% of Occidental Petroleum shares, worth about US$65m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
What Might The Insider Transactions At Occidental Petroleum Tell Us?
There haven't been any insider transactions in the last three months -- that doesn't mean much. On a brighter note, the transactions over the last year are encouraging. Insiders do have a stake in Occidental Petroleum and their transactions don't cause us concern. Of course, the future is what matters most. So if you are interested in Occidental Petroleum, you should check out this free report on analyst forecasts for the company.
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
