Occidental Petroleum Corporation (OXY) : Oliver Luxxe Assets scooped up 15,821 additional shares in Occidental Petroleum Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 19, 2016. The investment management firm now holds a total of 34,827 shares of Occidental Petroleum Corporation which is valued at $2,641,628.Occidental Petroleum Corporation makes up approximately 2.66% of Oliver Luxxe Assets’s portfolio.
Occidental Petroleum Corporation opened for trading at $74.92 and hit $76 on the upside on Friday, eventually ending the session at $75.85, with a gain of 1.65% or 1.23 points. The heightened volatility saw the trading volume jump to 28,51,904 shares. Company has a market cap of $57,938 M.
Other Hedge Funds, Including , Butensky Cohen Financial Security Inc sold out all of its stake in OXY during the most recent quarter. The investment firm sold 129 shares of OXY which is valued $9,785.Oakbrook Investments boosted its stake in OXY in the latest quarter, The investment management firm added 42,650 additional shares and now holds a total of 46,150 shares of Occidental Petroleum Corporation which is valued at $3,329,723. Occidental Petroleum Corporation makes up approx 0.21% of Oakbrook Investments’s portfolio.Fruth Investment Management reduced its stake in OXY by selling 200 shares or 4.28% in the most recent quarter. The Hedge Fund company now holds 4,478 shares of OXY which is valued at $316,998. Occidental Petroleum Corporation makes up approx 0.16% of Fruth Investment Management’s portfolio.Chelsea Counsel Co reduced its stake in OXY by selling 1,118 shares or 17.7% in the most recent quarter. The Hedge Fund company now holds 5,200 shares of OXY which is valued at $368,108. Occidental Petroleum Corporation makes up approx 0.11% of Chelsea Counsel Co’s portfolio.
On the company’s financial health, Occidental Petroleum Corporation reported $-0.17 EPS for the quarter, missing the analyst consensus estimate by $ -0.05 based on the information available during the earnings call on Feb 4, 2016. Analyst had a consensus of $-0.12. The company had revenue of $2806.00 million for the quarter, compared to analysts expectations of $2852.11 million. The company’s revenue was down -34.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.72 EPS.
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.