Mercer Capital Advisers buys $319,177 stake in Occidental Petroleum Corporation (OXY)

Occidental Petroleum Corporation (OXY) : Mercer Capital Advisers scooped up 25 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 21, 2016. The investment management firm now holds a total of 4,208 shares of Occidental Petroleum Corporation which is valued at $319,177.Occidental Petroleum Corporation makes up approximately 0.27% of Mercer Capital Advisers’s portfolio.

Occidental Petroleum Corporation opened for trading at $76.76 and hit $78.09 on the upside on Wednesday, eventually ending the session at $77.52, with a gain of 1.36% or 1.04 points. The heightened volatility saw the trading volume jump to 36,78,644 shares. Company has a market cap of $59,213 M.

Other Hedge Funds, Including , Hendley Co Inc reduced its stake in OXY by selling 67 shares or 0.27% in the most recent quarter. The Hedge Fund company now holds 24,832 shares of OXY which is valued at $1,883,507. Occidental Petroleum Corporation makes up approx 1.15% of Hendley Co Inc’s portfolio.Yhb Investment Advisors reduced its stake in OXY by selling 700 shares or 13.3% in the most recent quarter. The Hedge Fund company now holds 4,564 shares of OXY which is valued at $346,179. Occidental Petroleum Corporation makes up approx 0.09% of Yhb Investment Advisors’s portfolio.Davis R M Inc reduced its stake in OXY by selling 1,219 shares or 28.35% in the most recent quarter. The Hedge Fund company now holds 3,081 shares of OXY which is valued at $233,694. Occidental Petroleum Corporation makes up approx 0.01% of Davis R M Inc’s portfolio.Coastline Trust Co boosted its stake in OXY in the latest quarter, The investment management firm added 2,655 additional shares and now holds a total of 40,875 shares of Occidental Petroleum Corporation which is valued at $2,949,131. Occidental Petroleum Corporation makes up approx 0.62% of Coastline Trust 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.

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