Willis Investment Counsel buys $20,524,844 stake in Occidental Petroleum Corporation (OXY)

Occidental Petroleum Corporation (OXY) : Willis Investment Counsel scooped up 55,075 additional shares in Occidental Petroleum Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 312,070 shares of Occidental Petroleum Corporation which is valued at $20,524,844.Occidental Petroleum Corporation makes up approximately 1.63% of Willis Investment Counsel’s portfolio.

Other Hedge Funds, Including , Congress Asset Management Co boosted its stake in OXY in the latest quarter, The investment management firm added 4,586 additional shares and now holds a total of 42,083 shares of Occidental Petroleum Corporation which is valued at $2,767,799. Occidental Petroleum Corporation makes up approx 0.06% of Congress Asset Management Co’s portfolio.Modera Wealth Management boosted its stake in OXY in the latest quarter, The investment management firm added 1,499 additional shares and now holds a total of 5,799 shares of Occidental Petroleum Corporation which is valued at $381,110. Occidental Petroleum Corporation makes up approx 0.13% of Modera Wealth Management’s portfolio.Atlantic Trust Group reduced its stake in OXY by selling 2,651 shares or 5.33% in the most recent quarter. The Hedge Fund company now holds 47,117 shares of OXY which is valued at $3,152,127. Occidental Petroleum Corporation makes up approx 0.02% of Atlantic Trust Group’s portfolio.Fragasso Group boosted its stake in OXY in the latest quarter, The investment management firm added 1,478 additional shares and now holds a total of 14,650 shares of Occidental Petroleum Corporation which is valued at $1,068,132. Occidental Petroleum Corporation makes up approx 0.39% of Fragasso Group’s portfolio.Everence Capital Management Inc boosted its stake in OXY in the latest quarter, The investment management firm added 3,870 additional shares and now holds a total of 43,088 shares of Occidental Petroleum Corporation which is valued at $3,126,896. Occidental Petroleum Corporation makes up approx 0.94% of Everence Capital Management Inc’s portfolio.

Occidental Petroleum Corporation opened for trading at $68.03 and hit $68.85 on the upside on Monday, eventually ending the session at $68.22, with a gain of 0.60% or 0.41 points. The heightened volatility saw the trading volume jump to 54,90,189 shares. Company has a market cap of $52,133 M.

On the company’s financial health, Occidental Petroleum Corporation reported $-0.15 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on Nov 1, 2016. Analyst had a consensus of $-0.12. The company had revenue of $2648.00 million for the quarter, compared to analysts expectations of $2641.15 million. The company’s revenue was down -15.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.03 EPS.

Investors should note that on Oct 6, 2016, Occidental Petroleum Corporation announced a cash dividend of $0.7600. The company’s management has announced Dec 7, 2016 as the ex-dividend date and fixed the record date on Dec 9, 2016. The payable date has been fixed on Jan 13, 2017.

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 (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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