Boston Partners Lowers stake in Occidental Petroleum Corporation (OXY)

Occidental Petroleum Corporation (OXY) : Boston Partners reduced its stake in Occidental Petroleum Corporation by 13.92% during the most recent quarter end. The investment management company now holds a total of 12,327,695 shares of Occidental Petroleum Corporation which is valued at $928.8 Million after selling 1,992,792 shares in Occidental Petroleum Corporation , the firm said in a disclosure report filed with the SEC on May 12, 2016.Occidental Petroleum Corporation makes up approximately 1.37% of Boston Partners’s portfolio.

Other Hedge Funds, Including , Miles Capital reduced its stake in OXY by selling 47 shares or 0.44% in the most recent quarter. The Hedge Fund company now holds 10,600 shares of OXY which is valued at $798,604. Occidental Petroleum Corporation makes up approx 0.53% of Miles Capital’s portfolio.Brown Advisory Securities boosted its stake in OXY in the latest quarter, The investment management firm added 685 additional shares and now holds a total of 5,047 shares of Occidental Petroleum Corporation which is valued at $380,241. Occidental Petroleum Corporation makes up approx 0.13% of Brown Advisory Securities’s portfolio.Wfg Advisors Lp boosted its stake in OXY in the latest quarter, The investment management firm added 82 additional shares and now holds a total of 936 shares of Occidental Petroleum Corporation which is valued at $70,518. Occidental Petroleum Corporation makes up approx 0.02% of Wfg Advisors Lp’s portfolio.Capital Advisors Incok boosted its stake in OXY in the latest quarter, The investment management firm added 1,372 additional shares and now holds a total of 125,990 shares of Occidental Petroleum Corporation which is valued at $9.6 Million. Occidental Petroleum Corporation makes up approx 1.54% of Capital Advisors Incok’s portfolio.

Occidental Petroleum Corporation opened for trading at $75.31 and hit $75.43 on the upside on Friday, eventually ending the session at $74.96, with a gain of 0.16% or 0.12 points. The heightened volatility saw the trading volume jump to 34,11,321 shares. Company has a market cap of $57,250 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.

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