Occidental Petroleum Corporation (OXY) : Webster Bank N. A. reduced its stake in Occidental Petroleum Corporation by 8.15% during the most recent quarter end. The investment management company now holds a total of 15,275 shares of Occidental Petroleum Corporation which is valued at $1,118,436 after selling 1,356 shares in Occidental Petroleum Corporation , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.Occidental Petroleum Corporation makes up approximately 0.17% of Webster Bank N. A.’s portfolio.
Other Hedge Funds, Including , Btr Capital Management Inc reduced its stake in OXY by selling 2,940 shares or 32.5% in the most recent quarter. The Hedge Fund company now holds 6,105 shares of OXY which is valued at $447,008. Occidental Petroleum Corporation makes up approx 0.10% of Btr Capital Management Inc’s portfolio.Private Trust Co Na boosted its stake in OXY in the latest quarter, The investment management firm added 1,692 additional shares and now holds a total of 10,945 shares of Occidental Petroleum Corporation which is valued at $808,836. Occidental Petroleum Corporation makes up approx 0.20% of Private Trust Co Na’s portfolio.Legal General Group Plc reduced its stake in OXY by selling 16,981 shares or 0.46% in the most recent quarter. The Hedge Fund company now holds 3,708,497 shares of OXY which is valued at $273,279,144. Occidental Petroleum Corporation makes up approx 0.28% of Legal General Group Plc’s portfolio.Hollencrest Securities boosted its stake in OXY in the latest quarter, The investment management firm added 156 additional shares and now holds a total of 4,312 shares of Occidental Petroleum Corporation which is valued at $317,751. Occidental Petroleum Corporation makes up approx 0.05% of Hollencrest Securities’s portfolio.Community Trust Investment Co reduced its stake in OXY by selling 2,837 shares or 1.92% in the most recent quarter. The Hedge Fund company now holds 145,021 shares of OXY which is valued at $10,843,220. Occidental Petroleum Corporation makes up approx 1.38% of Community Trust Investment Co’s portfolio.
Occidental Petroleum Corporation closed down -0.68 points or -0.92% at $73.22 with 44,94,213 shares getting traded on Friday. Post opening the session at $74.6, the shares hit an intraday low of $72.76 and an intraday high of $74.6 and the price fluctuated in this range throughout the day.Shares ended Friday 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.
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.