Occidental Petroleum Corporation (OXY) : Adams Asset Advisors reduced its stake in Occidental Petroleum Corporation by 0.14% during the most recent quarter end. The investment management company now holds a total of 4,143,647 shares of Occidental Petroleum Corporation which is valued at $316,367,448 after selling 5,827 shares in Occidental Petroleum Corporation , the firm said in a disclosure report filed with the SEC on Jul 19, 2016.Occidental Petroleum Corporation makes up approximately 52.80% of Adams Asset Advisors’s portfolio.
Other Hedge Funds, Including , Private Trust Co Na boosted its stake in OXY in the latest quarter, The investment management firm added 2,177 additional shares and now holds a total of 9,253 shares of Occidental Petroleum Corporation which is valued at $706,467. Occidental Petroleum Corporation makes up approx 0.18% of Private Trust Co Na’s portfolio.Creative Planning reduced its stake in OXY by selling 1,321 shares or 3.17% in the most recent quarter. The Hedge Fund company now holds 40,326 shares of OXY which is valued at $3,098,247. Occidental Petroleum Corporation makes up approx 0.02% of Creative Planning’s portfolio.Chevy Chase Trust Holdings boosted its stake in OXY in the latest quarter, The investment management firm added 9,913 additional shares and now holds a total of 657,070 shares of Occidental Petroleum Corporation which is valued at $50,022,739. Occidental Petroleum Corporation makes up approx 0.27% of Chevy Chase Trust Holdings’s portfolio.
Occidental Petroleum Corporation closed down -0.02 points or -0.03% at $76.35 with 18,25,822 shares getting traded on Wednesday. Post opening the session at $76.14, the shares hit an intraday low of $75.87 and an intraday high of $76.87 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
On the company’s financial health, Occidental Petroleum Corporation reported $-0.47 EPS for the quarter, missing the analyst consensus estimate by $ -0.07 based on the information available during the earnings call on May 5, 2016. Analyst had a consensus of $-0.40. The company had revenue of $2281.00 million for the quarter, compared to analysts expectations of $2517.00 million. The company’s revenue was down -26.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.04 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 was Downgraded by JP Morgan to ” Neutral” on May 9, 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.