Provident Trust Co adds Occidental Petroleum Corporation (OXY) to its portfolio

Occidental Petroleum Corporation (OXY) : Provident Trust Co added new position in Occidental Petroleum Corporation during the most recent quarter end. The investment management firm now holds 2,872 shares of Occidental Petroleum Corporation which is valued at $213,619 , the company said in a statement filed on Aug 1, 2016 with the SEC.Occidental Petroleum Corporation makes up approximately 0.01% of Provident Trust Co’s portfolio.

Other Hedge Funds, Including , Zurcher Kantonalbank (zurich Cantonalbank) boosted its stake in OXY in the latest quarter, The investment management firm added 9,914 additional shares and now holds a total of 131,137 shares of Occidental Petroleum Corporation which is valued at $9,753,970. Occidental Petroleum Corporation makes up approx 0.12% of Zurcher Kantonalbank (zurich Cantonalbank)’s portfolio.Confluence Investment Management boosted its stake in OXY in the latest quarter, The investment management firm added 9,217 additional shares and now holds a total of 134,076 shares of Occidental Petroleum Corporation which is valued at $9,943,076. Occidental Petroleum Corporation makes up approx 0.27% of Confluence Investment Management’s portfolio. Cibc World Markets sold out all of its stake in OXY during the most recent quarter. The investment firm sold 3,080 shares of OXY which is valued $232,170.Loring Wolcott Coolidge Fiduciary Advisors Llpma boosted its stake in OXY in the latest quarter, The investment management firm added 60,967 additional shares and now holds a total of 265,206 shares of Occidental Petroleum Corporation which is valued at $20,375,777. Occidental Petroleum Corporation makes up approx 0.46% of Loring Wolcott Coolidge Fiduciary Advisors Llpma’s portfolio. Iowa State Bank added OXY to its portfolio by purchasing 2,162 company shares during the most recent quarter which is valued at $164,593. Occidental Petroleum Corporation makes up approx 0.08% of Iowa State Bank’s portfolio.

Occidental Petroleum Corporation closed down -0.13 points or -0.17% at $74.25 with 37,45,642 shares getting traded on Thursday. Post opening the session at $74.01, the shares hit an intraday low of $73.92 and an intraday high of $74.85 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.

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.

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