Private Asset Management Inc buys $4.7 Million stake in Occidental Petroleum Corporation (OXY)

Occidental Petroleum Corporation (OXY) : Private Asset Management Inc scooped up 625 additional shares in Occidental Petroleum Corporation during the most recent quarter end , according to a recent disclosure to the SEC on Apr 5, 2016. The investment management firm now holds a total of 66,335 shares of Occidental Petroleum Corporation which is valued at $4.7 Million.Occidental Petroleum Corporation makes up approximately 0.86% of Private Asset Management Inc’s portfolio.

Other Hedge Funds, Including , Stock Yards Bank Trust Co reduced its stake in OXY by selling 2,148 shares or 38.29% in the most recent quarter. The Hedge Fund company now holds 3,462 shares of OXY which is valued at $245,075. Occidental Petroleum Corporation makes up approx 0.04% of Stock Yards Bank 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.

Many Wall Street Analysts have commented on Occidental Petroleum Corporation. Occidental Petroleum Corporation was Downgraded by Jefferies to ” Hold” on Jan 12, 2016.

Occidental Petroleum Corporation opened for trading at $70.81 and hit $71.58 on the upside on Monday, eventually ending the session at $70.79, with a gain of 0.27% or 0.19 points. The heightened volatility saw the trading volume jump to 31,70,905 shares. Company has a market cap of $54,073 M.

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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