Occidental Petroleum Corporation (OXY) : Private Bank Trust Co scooped up 55 additional shares in Occidental Petroleum Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 13, 2016. The investment management firm now holds a total of 34,585 shares of Occidental Petroleum Corporation which is valued at $2,555,832.Occidental Petroleum Corporation makes up approximately 0.39% of Private Bank Trust Co’s portfolio.
Other Hedge Funds, Including , Torch Wealth Management reduced its stake in OXY by selling 550 shares or 1.38% in the most recent quarter. The Hedge Fund company now holds 39,349 shares of OXY which is valued at $2,907,891. Occidental Petroleum Corporation makes up approx 2.14% of Torch Wealth Management’s portfolio.Nisa Investment Advisors boosted its stake in OXY in the latest quarter, The investment management firm added 16,874 additional shares and now holds a total of 336,238 shares of Occidental Petroleum Corporation which is valued at $24,777,378. Occidental Petroleum Corporation makes up approx 0.33% of Nisa Investment Advisors’s portfolio.Centurylink Investment Management Co boosted its stake in OXY in the latest quarter, The investment management firm added 29,231 additional shares and now holds a total of 29,477 shares of Occidental Petroleum Corporation which is valued at $2,172,160. Occidental Petroleum Corporation makes up approx 0.75% of Centurylink Investment Management Co’s portfolio. Curbstone Financial Management Corp sold out all of its stake in OXY during the most recent quarter. The investment firm sold 5,330 shares of OXY which is valued $386,638.
Occidental Petroleum Corporation closed down -1.08 points or -1.44% at $73.69 with 36,94,799 shares getting traded on Tuesday. Post opening the session at $74.53, the shares hit an intraday low of $73.28 and an intraday high of $74.82 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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 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.