Occidental Petroleum Corporation (OXY) : Stockman Asset Management scooped up 256 additional shares in Occidental Petroleum Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 28,855 shares of Occidental Petroleum Corporation which is valued at $2,148,543.Occidental Petroleum Corporation makes up approximately 1.63% of Stockman Asset Management’s portfolio.
Other Hedge Funds, Including , Norges Bank boosted its stake in OXY in the latest quarter, The investment management firm added 132,342 additional shares and now holds a total of 6,451,903 shares of Occidental Petroleum Corporation which is valued at $480,408,697. Occidental Petroleum Corporation makes up approx 0.22% of Norges Bank’s portfolio.Thomas White International Ltd reduced its stake in OXY by selling 1,757 shares or 11.79% in the most recent quarter. The Hedge Fund company now holds 13,148 shares of OXY which is valued at $979,000. Occidental Petroleum Corporation makes up approx 0.14% of Thomas White International Ltd’s portfolio.Employees Retirement System Of Texas reduced its stake in OXY by selling 3,000 shares or 1.07% in the most recent quarter. The Hedge Fund company now holds 276,700 shares of OXY which is valued at $20,603,082. Occidental Petroleum Corporation makes up approx 0.27% of Employees Retirement System Of Texas’s portfolio.Nikko Asset Management Americas boosted its stake in OXY in the latest quarter, The investment management firm added 15,400 additional shares and now holds a total of 240,100 shares of Occidental Petroleum Corporation which is valued at $18,331,635. Occidental Petroleum Corporation makes up approx 1.69% of Nikko Asset Management Americas’s portfolio.
Occidental Petroleum Corporation opened for trading at $77.1 and hit $78.02 on the upside on Monday, eventually ending the session at $77.95, with a gain of 1.01% or 0.78 points. The heightened volatility saw the trading volume jump to 33,35,262 shares. Company has a market cap of $59,548 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.