Occidental Petroleum Corporation (OXY) : Torch Wealth Management scooped up 350 additional shares in Occidental Petroleum Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 26, 2016. The investment management firm now holds a total of 38,799 shares of Occidental Petroleum Corporation which is valued at $2,973,943.Occidental Petroleum Corporation makes up approximately 2.23% of Torch Wealth Management’s portfolio.
Occidental Petroleum Corporation closed down -0.32 points or -0.42% at $76.33 with 33,54,917 shares getting traded on Monday. Post opening the session at $76.22, the shares hit an intraday low of $75.39 and an intraday high of $76.5 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
Other Hedge Funds, Including , Oppenheimer Co Inc reduced its stake in OXY by selling 1,206 shares or 1.29% in the most recent quarter. The Hedge Fund company now holds 92,120 shares of OXY which is valued at $7,060,998. Occidental Petroleum Corporation makes up approx 0.21% of Oppenheimer Co Inc’s portfolio.Advisory Services Network boosted its stake in OXY in the latest quarter, The investment management firm added 1,101 additional shares and now holds a total of 1,941 shares of Occidental Petroleum Corporation which is valued at $147,225. Occidental Petroleum Corporation makes up approx 0.04% of Advisory Services Network’s portfolio. First Quadrant L Pca added OXY to its portfolio by purchasing 7,250 company shares during the most recent quarter which is valued at $1,099,825. Occidental Petroleum Corporation makes up approx 0.02% of First Quadrant L Pca’s portfolio. North American Management Corp sold out all of its stake in OXY during the most recent quarter. The investment firm sold 4,770 shares of OXY which is valued $344,156.
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.
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.