Occidental Petroleum Corporation (OXY) : Brown Brothers Harriman Co reduced its stake in Occidental Petroleum Corporation by 2.25% during the most recent quarter end. The investment management company now holds a total of 5,169,118 shares of Occidental Petroleum Corporation which is valued at $384,892,526 after selling 119,068 shares in Occidental Petroleum Corporation , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Occidental Petroleum Corporation makes up approximately 1.92% of Brown Brothers Harriman Co’s portfolio.
Other Hedge Funds, Including , Veritable boosted its stake in OXY in the latest quarter, The investment management firm added 3,471 additional shares and now holds a total of 51,667 shares of Occidental Petroleum Corporation which is valued at $3,847,125. Occidental Petroleum Corporation makes up approx 0.09% of Veritable’s portfolio.Hsbc Holdings Plc reduced its stake in OXY by selling 33,835 shares or 3.35% in the most recent quarter. The Hedge Fund company now holds 975,494 shares of OXY which is valued at $72,635,283. Occidental Petroleum Corporation makes up approx 0.24% of Hsbc Holdings Plc’s portfolio.Cambridge Investment Research Advisors reduced its stake in OXY by selling 22 shares or 0.08% in the most recent quarter. The Hedge Fund company now holds 26,716 shares of OXY which is valued at $1,968,435. Occidental Petroleum Corporation makes up approx 0.04% of Cambridge Investment Research Advisors’s portfolio.
Occidental Petroleum Corporation closed down -0.01 points or -0.01% at $76.84 with 32,61,008 shares getting traded on Thursday. Post opening the session at $76.55, the shares hit an intraday low of $76.005 and an intraday high of $76.845 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
On the company’s financial health, Occidental Petroleum Corporation reported $-0.18 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $-0.19. The company had revenue of $2531.00 million for the quarter, compared to analysts expectations of $2808.30 million. The company’s revenue was down -27.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.21 EPS.
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 (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.