Occidental Petroleum Corporation (OXY) : Washington Trust Bank scooped up 1,346 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 4, 2016. The investment management firm now holds a total of 6,687 shares of Occidental Petroleum Corporation which is valued at $485,075.Occidental Petroleum Corporation makes up approximately 0.12% of Washington Trust Bank’s portfolio.
Other Hedge Funds, Including , Kempner Capital Management reduced its stake in OXY by selling 1,800 shares or 3.5% in the most recent quarter. The Hedge Fund company now holds 49,647 shares of OXY which is valued at $3,601,393. Occidental Petroleum Corporation makes up approx 2.47% of Kempner Capital Management’s portfolio.Cullinan Associates Inc reduced its stake in OXY by selling 1,281 shares or 1.38% in the most recent quarter. The Hedge Fund company now holds 91,265 shares of OXY which is valued at $6,620,363. Occidental Petroleum Corporation makes up approx 0.57% of Cullinan Associates Inc’s portfolio.
Occidental Petroleum Corporation closed down -0.17 points or -0.23% at $72.65 with 45,32,664 shares getting traded on Tuesday. Post opening the session at $72.84, the shares hit an intraday low of $72.09 and an intraday high of $73.23 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 was Downgraded by Raymond James to ” Outperform” on Jul 7, 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.