Occidental Petroleum Corporation (OXY) : Artemis Investment Management Llp reduced its stake in Occidental Petroleum Corporation by 11.53% during the most recent quarter end. The investment management company now holds a total of 902,334 shares of Occidental Petroleum Corporation which is valued at $68 Million after selling 117,609 shares in Occidental Petroleum Corporation , the firm said in a disclosure report filed with the SEC on May 11, 2016.Occidental Petroleum Corporation makes up approximately 1.71% of Artemis Investment Management Llp’s portfolio.
Other Hedge Funds, Including , Inverness Counsel Ny reduced its stake in OXY by selling 1,450 shares or 26.61% in the most recent quarter. The Hedge Fund company now holds 4,000 shares of OXY which is valued at $301,360. Occidental Petroleum Corporation makes up approx 0.02% of Inverness Counsel Ny’s portfolio.Manufacturers Life Insurance Company The boosted its stake in OXY in the latest quarter, The investment management firm added 94,880 additional shares and now holds a total of 3,729,385 shares of Occidental Petroleum Corporation which is valued at $281 Million. Occidental Petroleum Corporation makes up approx 0.44% of Manufacturers Life Insurance Company The’s portfolio.Blackrock Investment Management boosted its stake in OXY in the latest quarter, The investment management firm added 447,746 additional shares and now holds a total of 4,306,862 shares of Occidental Petroleum Corporation which is valued at $324.5 Million. Occidental Petroleum Corporation makes up approx 0.43% of Blackrock Investment Management’s portfolio.Kcm Investment Advisors reduced its stake in OXY by selling 4,611 shares or 5.14% in the most recent quarter. The Hedge Fund company now holds 85,180 shares of OXY which is valued at $6.4 Million. Occidental Petroleum Corporation makes up approx 0.48% of Kcm Investment Advisors’s portfolio.
Occidental Petroleum Corporation opened for trading at $76.15 and hit $76.8525 on the upside on Monday, eventually ending the session at $76.53, with a gain of 1.58% or 1.19 points. The heightened volatility saw the trading volume jump to 44,68,427 shares. Company has a market cap of $58,449 M.
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 Apr 28, 2016, Occidental Petroleum Corporation announced a cash dividend of $0.7500. The company’s management has announced Jun 8, 2016 as the ex-dividend date and fixed the record date on Jun 10, 2016. The payable date has been fixed on Jul 15, 2016.
Many Wall Street Analysts have commented on Occidental Petroleum Corporation. 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.