Occidental Petroleum Corporation (OXY) : Consolidated Investment Group reduced its stake in Occidental Petroleum Corporation by 32.75% during the most recent quarter end. The investment management company now holds a total of 25,668 shares of Occidental Petroleum Corporation which is valued at $1,970,532 after selling 12,500 shares in Occidental Petroleum Corporation , the firm said in a disclosure report filed with the SEC on Jul 14, 2016.Occidental Petroleum Corporation makes up approximately 0.96% of Consolidated Investment Group’s portfolio.
Other Hedge Funds, Including , Trust Co Of Oklahoma added OXY to its portfolio by purchasing 4,950 company shares during the most recent quarter which is valued at $380,012. Occidental Petroleum Corporation makes up approx 0.20% of Trust Co Of Oklahoma’s portfolio.Loring Wolcott Coolidge Fiduciary Advisors Llpma boosted its stake in OXY in the latest quarter, The investment management firm added 60,967 additional shares and now holds a total of 265,206 shares of Occidental Petroleum Corporation which is valued at $20,375,777. Occidental Petroleum Corporation makes up approx 0.46% of Loring Wolcott Coolidge Fiduciary Advisors Llpma’s portfolio.Curian Capital reduced its stake in OXY by selling 144,838 shares or 65.44% in the most recent quarter. The Hedge Fund company now holds 76,490 shares of OXY which is valued at $5,823,184. Occidental Petroleum Corporation makes up approx 0.42% of Curian Capital’s portfolio.Stock Yards Bank Trust Co boosted its stake in OXY in the latest quarter, The investment management firm added 276 additional shares and now holds a total of 3,738 shares of Occidental Petroleum Corporation which is valued at $281,172. Occidental Petroleum Corporation makes up approx 0.04% of Stock Yards Bank Trust Co’s portfolio.
Occidental Petroleum Corporation closed down -0.55 points or -0.71% at $76.77 with 27,79,439 shares getting traded on Monday. Post opening the session at $77.01, the shares hit an intraday low of $76.53 and an intraday high of $77.13 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
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.
Many Wall Street Analysts have commented on Occidental Petroleum Corporation. Occidental Petroleum Corporation was Downgraded by Raymond James to ” Outperform” on Jul 7, 2016. Occidental Petroleum Corporation was Downgraded by Morgan Stanley to ” Equal-Weight” on Jun 13, 2016. 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.