Occidental Petroleum Corporation (OXY) : American Century Companies Inc reduced its stake in Occidental Petroleum Corporation by 0.46% during the most recent quarter end. The investment management company now holds a total of 7,029,083 shares of Occidental Petroleum Corporation which is valued at $521,276,795 after selling 32,593 shares in Occidental Petroleum Corporation , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Occidental Petroleum Corporation makes up approximately 0.58% of American Century Companies Inc’s portfolio.
Other Hedge Funds, Including , Conning reduced its stake in OXY by selling 3,304 shares or 9.0% in the most recent quarter. The Hedge Fund company now holds 33,402 shares of OXY which is valued at $2,477,092. Occidental Petroleum Corporation makes up approx 0.10% of Conning’s portfolio. Naples Global Advisors added OXY to its portfolio by purchasing 2,801 company shares during the most recent quarter which is valued at $215,201. Occidental Petroleum Corporation makes up approx 0.09% of Naples Global Advisors’s portfolio.North Star Investment Management Corp. reduced its stake in OXY by selling 550 shares or 68.75% in the most recent quarter. The Hedge Fund company now holds 250 shares of OXY which is valued at $19,208.Hollencrest Securities boosted its stake in OXY in the latest quarter, The investment management firm added 133 additional shares and now holds a total of 4,156 shares of Occidental Petroleum Corporation which is valued at $316,396. Occidental Petroleum Corporation makes up approx 0.05% of Hollencrest Securities’s portfolio.
Occidental Petroleum Corporation opened for trading at $73.42 and hit $74.89 on the upside on Friday, eventually ending the session at $74.73, with a gain of 1.11% or 0.82 points. The heightened volatility saw the trading volume jump to 32,10,725 shares. Company has a market cap of $57,074 M.
On the company’s financial health, Occidental Petroleum Corporation reported $-0.47 EPS for the quarter, missing the analyst consensus estimate by $ -0.07 based on the information available during the earnings call on May 5, 2016. Analyst had a consensus of $-0.40. The company had revenue of $2281.00 million for the quarter, compared to analysts expectations of $2517.00 million. The company’s revenue was down -26.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.04 EPS.
Investors should note that on Jul 14, 2016, Occidental Petroleum Corporation announced a cash dividend of $0.7600. The company’s management has announced Sep 7, 2016 as the ex-dividend date and fixed the record date on Sep 9, 2016. The payable date has been fixed on Oct 14, 2016.
Many Wall Street Analysts have commented on Occidental Petroleum Corporation. Occidental Petroleum Corporation was Downgraded by Raymond James to ” Outperform” on Jul 7, 2016. Occidental Petroleum Corporation was Downgraded by Morgan Stanley to ” Equal-Weight” on Jun 13, 2016. Occidental Petroleum Corporation was Downgraded by JP Morgan to ” Neutral” on May 9, 2016.
Occidental Petroleum Corporation (Occidental) is engaged in the oil and gas exploration and production. The Company through its subsidiaries and affliates operates in the United States Middle East/North Africa and Latin America. Occidental operates through three segments. The oil and gas segment explores for develops and produces oil and condensate natural gas liquids (NGL) and natural gas. The chemical (OxyChem) segment manufactures and markets basic chemicals and vinyls. The midstream marketing and other segment (midstream and marketing) gathers processes transports stores purchases and markets oil condensate NGLs natural gas carbon dioxide (CO2) and power. It also trades around its assets including transportation and storage capacity and trades oil NGLs gas and other commodities.