Insiders of Occidental Petroleum Corporation (NYSE: OXY) profited after buying shares worth US $ 515,000 last year, current earnings stand at US $ 67,000
Insiders who bought Western Oil Company (NYSE: OXY) Equity fans of the past 12 months are likely not as affected by last week’s 9.2% loss. After factoring in the recent loss, the US $ 515,000 of shares they bought are now worth US $ 582,000, which suggests a good return on their investment.
While insider trading is not the most important thing when it comes to investing for the long term, we would consider it foolish to ignore insider trading altogether.
Check out our latest review for Occidental Petroleum
The last 12 months of insider trading at Occidental Petroleum
Over the past year, we can see that the biggest insider buy was made by independent chairman Stephen Chazen for US $ 515,000 of shares, at around US $ 25.76 per share. Even though the purchase was made at a significantly lower price than the recent price (US $ 29.12), we still believe that insider buying is positive. Given that it occurred at a lower valuation, that doesn’t tell us much about whether insiders might find today’s price attractive.
You can see insider trading (by companies and individuals) over the past year represented in the graph below. If you click on the chart, you can see all of the individual trades including the stock price, individual and date!
Occidental Petroleum is not the only one buying stocks. So take a look at this free list of growing companies with insider buying.
Insider ownership of Occidental Petroleum
Many investors like to check how well a company is owned by insiders. I think it’s a good sign if the insiders own a significant number of shares in the company. It appears that Occidental Petroleum insiders own 0.2% of the company, worth around $ 57 million. We’ve certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest an alignment between insiders and other shareholders.
What might insider trading at Occidental Petroleum tell us?
There haven’t been any insider trading in the past three months, that doesn’t mean much. However, our analysis of transactions over the past year is encouraging. Overall, we see nothing to make us think that Occidental Petroleum insiders have doubts about the company and that they own stocks. If you are like me, you might want to ask yourself if this business will grow or shrink. Fortunately, you can check this out free report showing analysts’ forecasts for its future.
If you would rather consult with another company – one with potentially superior finances – then don’t miss this free list of interesting companies, which have a HIGH return on equity and low leverage.
For the purposes of this article, insiders are those persons who report their transactions to the relevant regulatory body. We currently account for open market transactions and private assignments, but not derivative transactions.
This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts using only 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 into account your goals or your financial situation. Our aim is to bring you long-term, targeted analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price sensitive companies or qualitative documents. Simply Wall St has no position in any of the stocks mentioned.
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