Ferguson Wellman Capital Management Inc buys $51,282,944 stake in Occidental Petroleum Corporation (OXY)

Occidental Petroleum Corporation (OXY) : Ferguson Wellman Capital Management Inc scooped up 102,274 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 20, 2016. The investment management firm now holds a total of 676,110 shares of Occidental Petroleum Corporation which is valued at $51,282,944.Occidental Petroleum Corporation makes up approximately 2.13% of Ferguson Wellman Capital Management Inc’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 , Centurylink Investment Management Co reduced its stake in OXY by selling 307 shares or 3.78% in the most recent quarter. The Hedge Fund company now holds 7,806 shares of OXY which is valued at $592,085. Occidental Petroleum Corporation makes up approx 0.21% of Centurylink Investment Management Co’s portfolio.Lucas Capital Management boosted its stake in OXY in the latest quarter, The investment management firm added 14,530 additional shares and now holds a total of 34,257 shares of Occidental Petroleum Corporation which is valued at $2,598,393. Occidental Petroleum Corporation makes up approx 1.78% of Lucas Capital Management’s portfolio.Murphy Capital Management Inc boosted its stake in OXY in the latest quarter, The investment management firm added 800 additional shares and now holds a total of 8,301 shares of Occidental Petroleum Corporation which is valued at $629,631. Occidental Petroleum Corporation makes up approx 0.10% of Murphy Capital Management Inc’s portfolio.Wilen Investment Management Corp. reduced its stake in OXY by selling 200 shares or 0.86% in the most recent quarter. The Hedge Fund company now holds 22,998 shares of OXY which is valued at $1,659,306. Occidental Petroleum Corporation makes up approx 1.10% of Wilen Investment Management Corp.’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.

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