Occidental Petroleum Corporation (OXY) : Stack Financial Management Inc reduced its stake in Occidental Petroleum Corporation by 0.28% during the most recent quarter end. The investment management company now holds a total of 160,950 shares of Occidental Petroleum Corporation which is valued at $11,950,538 after selling 450 shares in Occidental Petroleum Corporation , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Occidental Petroleum Corporation makes up approximately 1.47% of Stack Financial Management Inc’s portfolio.
Other Hedge Funds, Including , Argent Capital Management boosted its stake in OXY in the latest quarter, The investment management firm added 98,416 additional shares and now holds a total of 276,894 shares of Occidental Petroleum Corporation which is valued at $20,559,380. Occidental Petroleum Corporation makes up approx 0.87% of Argent Capital Management’s portfolio.Linscomb Williams reduced its stake in OXY by selling 587 shares or 0.41% in the most recent quarter. The Hedge Fund company now holds 142,833 shares of OXY which is valued at $10,523,935. Occidental Petroleum Corporation makes up approx 1.04% of Linscomb Williams’s portfolio.Thompson Siegel Walmsley reduced its stake in OXY by selling 38,636 shares or 58.43% in the most recent quarter. The Hedge Fund company now holds 27,493 shares of OXY which is valued at $2,025,684. Occidental Petroleum Corporation makes up approx 0.03% of Thompson Siegel Walmsley’s portfolio.Plante Moran Financial Advisors reduced its stake in OXY by selling 340 shares or 12.71% in the most recent quarter. The Hedge Fund company now holds 2,336 shares of OXY which is valued at $173,752. Occidental Petroleum Corporation makes up approx 0.12% of Plante Moran Financial Advisors’s portfolio.Cambiar Investors reduced its stake in OXY by selling 15,609 shares or 1.87% in the most recent quarter. The Hedge Fund company now holds 820,205 shares of OXY which is valued at $60,826,403. Occidental Petroleum Corporation makes up approx 0.83% of Cambiar Investors’s portfolio.
Occidental Petroleum Corporation opened for trading at $74.9 and hit $75.23 on the upside on Monday, eventually ending the session at $75.05, with a gain of 0.79% or 0.59 points. The heightened volatility saw the trading volume jump to 48,51,615 shares. Company has a market cap of $57,333 M.
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.