Curian Capital Lowers stake in Occidental Petroleum Corporation (OXY)

Occidental Petroleum Corporation (OXY) : Curian Capital reduced its stake in Occidental Petroleum Corporation by 65.44% during the most recent quarter end. The investment management company now holds a total of 76,490 shares of Occidental Petroleum Corporation which is valued at $5,823,184 after selling 144,838 shares in Occidental Petroleum Corporation , the firm said in a disclosure report filed with the SEC on Jul 6, 2016.Occidental Petroleum Corporation makes up approximately 0.42% of Curian Capital’s portfolio.

Other Hedge Funds, Including , Kistler-tiffany Companies boosted its stake in OXY in the latest quarter, The investment management firm added 19 additional shares and now holds a total of 1,346 shares of Occidental Petroleum Corporation which is valued at $102,471. Occidental Petroleum Corporation makes up approx 0.05% of Kistler-tiffany Companies’s portfolio.First Financial Bank N.a. – Trust Division boosted its stake in OXY in the latest quarter, The investment management firm added 1,701 additional shares and now holds a total of 31,333 shares of Occidental Petroleum Corporation which is valued at $2,356,868. Occidental Petroleum Corporation makes up approx 0.46% of First Financial Bank N.a. – Trust Division’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.Integrated Investment Consultants boosted its stake in OXY in the latest quarter, The investment management firm added 157 additional shares and now holds a total of 1,619 shares of Occidental Petroleum Corporation which is valued at $121,781. Occidental Petroleum Corporation makes up approx 0.06% of Integrated Investment Consultants’s portfolio.Cullinan Associates Inc boosted its stake in OXY in the latest quarter, The investment management firm added 4,546 additional shares and now holds a total of 92,546 shares of Occidental Petroleum Corporation which is valued at $7,002,956. Occidental Petroleum Corporation makes up approx 0.57% of Cullinan Associates Inc’s portfolio.

Occidental Petroleum Corporation opened for trading at $76.33 and hit $76.82 on the upside on Monday, eventually ending the session at $76.2, with a gain of 0.09% or 0.07 points. The heightened volatility saw the trading volume jump to 32,04,234 shares. Company has a market cap of $58,197 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.

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.

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