Violich Capital Management Lowers stake in Occidental Petroleum Corporation (OXY)

Occidental Petroleum Corporation (OXY) : Violich Capital Management reduced its stake in Occidental Petroleum Corporation by 0.4% during the most recent quarter end. The investment management company now holds a total of 49,825 shares of Occidental Petroleum Corporation which is valued at $3,709,970 after selling 200 shares in Occidental Petroleum Corporation , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Occidental Petroleum Corporation makes up approximately 1.13% of Violich Capital Management’s portfolio.

Other Hedge Funds, Including , Lombard Odier Transatlantic Limited Partnership boosted its stake in OXY in the latest quarter, The investment management firm added 50 additional shares and now holds a total of 950 shares of Occidental Petroleum Corporation which is valued at $70,737. Occidental Petroleum Corporation makes up approx 0.07% of Lombard Odier Transatlantic Limited Partnership’s portfolio.Lord Abbett boosted its stake in OXY in the latest quarter, The investment management firm added 479,408 additional shares and now holds a total of 2,933,984 shares of Occidental Petroleum Corporation which is valued at $218,464,449. Occidental Petroleum Corporation makes up approx 0.67% of Lord Abbett’s portfolio.Cypress Capital Management boosted its stake in OXY in the latest quarter, The investment management firm added 2,710 additional shares and now holds a total of 69,375 shares of Occidental Petroleum Corporation which is valued at $5,111,550. Occidental Petroleum Corporation makes up approx 1.64% of Cypress Capital Management’s portfolio.Great West Life Assurance Co Can boosted its stake in OXY in the latest quarter, The investment management firm added 339,650 additional shares and now holds a total of 1,479,005 shares of Occidental Petroleum Corporation which is valued at $110,008,392. Occidental Petroleum Corporation makes up approx 0.32% of Great West Life Assurance Co Can’s portfolio. Cribstone Capital Management added OXY to its portfolio by purchasing 227 company shares during the most recent quarter which is valued at $17,331. Occidental Petroleum Corporation makes up approx 0.01% of Cribstone Capital Management’s portfolio.

Occidental Petroleum Corporation closed down -0.01 points or -0.01% at $76.84 with 32,61,008 shares getting traded on Thursday. Post opening the session at $76.55, the shares hit an intraday low of $76.005 and an intraday high of $76.845 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.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *