South Texas Money Management Ltd buys $33.3 Million stake in Occidental Petroleum Corporation (OXY)

Occidental Petroleum Corporation (OXY) : South Texas Money Management Ltd scooped up 109,206 additional shares in Occidental Petroleum Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 441,806 shares of Occidental Petroleum Corporation which is valued at $33.3 Million.Occidental Petroleum Corporation makes up approximately 1.92% of South Texas Money Management Ltd’s portfolio.

Other Hedge Funds, Including , Savant Capital reduced its stake in OXY by selling 360 shares or 7.62% in the most recent quarter. The Hedge Fund company now holds 4,367 shares of OXY which is valued at $329,010. Occidental Petroleum Corporation makes up approx 0.10% of Savant Capital’s portfolio.Utah Retirement Systems boosted its stake in OXY in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 137,965 shares of Occidental Petroleum Corporation which is valued at $10.4 Million. Occidental Petroleum Corporation makes up approx 0.28% of Utah Retirement Systems’s portfolio.Newfocus Financial Group boosted its stake in OXY in the latest quarter, The investment management firm added 2,508 additional shares and now holds a total of 24,630 shares of Occidental Petroleum Corporation which is valued at $1.9 Million. Occidental Petroleum Corporation makes up approx 1.38% of Newfocus Financial Group’s portfolio.Nelson Van Denburg Campbell Wealth Management Group boosted its stake in OXY in the latest quarter, The investment management firm added 1,937 additional shares and now holds a total of 9,159 shares of Occidental Petroleum Corporation which is valued at $702,037. Occidental Petroleum Corporation makes up approx 0.31% of Nelson Van Denburg Campbell Wealth Management Group’s portfolio.Sawtooth Asset Management reduced its stake in OXY by selling 8,370 shares or 66.39% in the most recent quarter. The Hedge Fund company now holds 4,237 shares of OXY which is valued at $324,766. Occidental Petroleum Corporation makes up approx 0.20% of Sawtooth Asset Management’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.

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