Occidental Petroleum Corporation (OXY) : Southport Management L.l.c. reduced its stake in Occidental Petroleum Corporation by 36.36% during the most recent quarter end. The investment management company now holds a total of 17,500 shares of Occidental Petroleum Corporation which is valued at $1.3 Million after selling 10,000 shares in Occidental Petroleum Corporation , the firm said in a disclosure report filed with the SEC on May 13, 2016.Occidental Petroleum Corporation makes up approximately 2.18% of Southport Management L.l.c.’s portfolio.
Other Hedge Funds, Including , Laurion Capital Management Lp sold out all of its stake in OXY during the most recent quarter. The investment firm sold 4,100 shares of OXY which is valued $308,894. Scotia Capital sold out all of its stake in OXY during the most recent quarter. The investment firm sold 3,312 shares of OXY which is valued $249,526.Meiji Yasuda Asset Management Co Ltd. reduced its stake in OXY by selling 670 shares or 15.96% in the most recent quarter. The Hedge Fund company now holds 3,527 shares of OXY which is valued at $265,724. Occidental Petroleum Corporation makes up approx 0.06% of Meiji Yasuda Asset Management Co Ltd.’s portfolio.Mufg Americas Holdings Corp boosted its stake in OXY in the latest quarter, The investment management firm added 4,459 additional shares and now holds a total of 95,031 shares of Occidental Petroleum Corporation which is valued at $7.2 Million. Occidental Petroleum Corporation makes up approx 0.26% of Mufg Americas Holdings Corp’s portfolio. Hgk Asset Management Inc added OXY to its portfolio by purchasing 175,950 company shares during the most recent quarter which is valued at $13.5 Million. Occidental Petroleum Corporation makes up approx 1.29% of Hgk Asset Management Inc’s portfolio.
Occidental Petroleum Corporation opened for trading at $76.87 and hit $77.35 on the upside on Wednesday, eventually ending the session at $76.17, with a gain of 0.07% or 0.05 points. The heightened volatility saw the trading volume jump to 33,99,508 shares. Company has a market cap of $58,174 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.