Occidental Petroleum Corporation (OXY) : Hudson Bay Capital Management Lp added new position in Occidental Petroleum Corporation during the most recent quarter end. The investment management firm now holds 195,800 shares of Occidental Petroleum Corporation which is valued at $14,579,268 , the company said in a statement filed on Aug 10, 2016 with the SEC.Occidental Petroleum Corporation makes up approximately 1.43% of Hudson Bay Capital Management Lp’s portfolio.
Other Hedge Funds, Including , Edmond De Rothschild Asset Management (france) reduced its stake in OXY by selling 1,830 shares or 28.91% in the most recent quarter. The Hedge Fund company now holds 4,500 shares of OXY which is valued at $335,070. Occidental Petroleum Corporation makes up approx 0.02% of Edmond De Rothschild Asset Management (france)’s portfolio.Advisors Asset Management reduced its stake in OXY by selling 14,817 shares or 5.94% in the most recent quarter. The Hedge Fund company now holds 234,522 shares of OXY which is valued at $17,413,259. Occidental Petroleum Corporation makes up approx 0.27% of Advisors Asset Management’s portfolio.Tirschwell Loewy Inc reduced its stake in OXY by selling 3,965 shares or 5.21% in the most recent quarter. The Hedge Fund company now holds 72,109 shares of OXY which is valued at $5,312,991. Occidental Petroleum Corporation makes up approx 0.88% of Tirschwell Loewy Inc’s portfolio.Dumont Blake Investment Advisors reduced its stake in OXY by selling 175 shares or 2.15% in the most recent quarter. The Hedge Fund company now holds 7,956 shares of OXY which is valued at $591,767. Occidental Petroleum Corporation makes up approx 0.29% of Dumont Blake Investment Advisors’s portfolio.Integrated Wealth Management boosted its stake in OXY in the latest quarter, The investment management firm added 78 additional shares and now holds a total of 2,898 shares of Occidental Petroleum Corporation which is valued at $215,553. Occidental Petroleum Corporation makes up approx 0.08% of Integrated Wealth Management’s portfolio.
Occidental Petroleum Corporation closed down -0.94 points or -1.21% at $76.54 with 29,92,238 shares getting traded on Friday. Post opening the session at $76.91, the shares hit an intraday low of $76.335 and an intraday high of $77.15 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 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 (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.