Occidental Petroleum Corporation (OXY) : Btr Capital Management Inc reduced its stake in Occidental Petroleum Corporation by 32.5% during the most recent quarter end. The investment management company now holds a total of 6,105 shares of Occidental Petroleum Corporation which is valued at $447,008 after selling 2,940 shares in Occidental Petroleum Corporation , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.Occidental Petroleum Corporation makes up approximately 0.10% of Btr Capital Management Inc’s portfolio.
Other Hedge Funds, Including , Highland Capital Management reduced its stake in OXY by selling 800 shares or 2.66% in the most recent quarter. The Hedge Fund company now holds 29,330 shares of OXY which is valued at $2,167,487. Occidental Petroleum Corporation makes up approx 0.19% of Highland Capital Management’s portfolio.Exxonmobil Investment Management Inc Tx reduced its stake in OXY by selling 2,637 shares or 1.33% in the most recent quarter. The Hedge Fund company now holds 195,058 shares of OXY which is valued at $14,344,565. Occidental Petroleum Corporation makes up approx 0.30% of Exxonmobil Investment Management Inc Tx’s portfolio.Burns J W Co Incny boosted its stake in OXY in the latest quarter, The investment management firm added 2,481 additional shares and now holds a total of 27,722 shares of Occidental Petroleum Corporation which is valued at $2,010,954. Occidental Petroleum Corporation makes up approx 0.62% of Burns J W Co Incny’s portfolio.
Occidental Petroleum Corporation closed down -0.68 points or -0.92% at $73.22 with 44,94,213 shares getting traded on Friday. Post opening the session at $74.6, the shares hit an intraday low of $72.76 and an intraday high of $74.6 and the price fluctuated in this range throughout the day.Shares ended Friday 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.
Investors should note that on Oct 6, 2016, Occidental Petroleum Corporation announced a cash dividend of $0.7600. The company’s management has announced Dec 7, 2016 as the ex-dividend date and fixed the record date on Dec 9, 2016. The payable date has been fixed on Jan 13, 2017.
Many Wall Street Analysts have commented on Occidental Petroleum Corporation. Occidental Petroleum Corporation was Downgraded by JP Morgan to ” Underweight” on Sep 12, 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.