Occidental Petroleum Corporation (OXY) : Ferguson Wellman Capital Management Inc scooped up 19,864 additional shares in Occidental Petroleum Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 15, 2016. The investment management firm now holds a total of 695,974 shares of Occidental Petroleum Corporation which is valued at $53,429,924.Occidental Petroleum Corporation makes up approximately 2.17% of Ferguson Wellman Capital Management Inc’s portfolio.
Other Hedge Funds, Including , Sumitomo Life Insurance Co reduced its stake in OXY by selling 1,106 shares or 3.4% in the most recent quarter. The Hedge Fund company now holds 31,392 shares of OXY which is valued at $2,409,964. Occidental Petroleum Corporation makes up approx 0.32% of Sumitomo Life Insurance Co’s portfolio.Gofen Glossberg Il boosted its stake in OXY in the latest quarter, The investment management firm added 1,105 additional shares and now holds a total of 296,217 shares of Occidental Petroleum Corporation which is valued at $22,758,352. Occidental Petroleum Corporation makes up approx 0.93% of Gofen Glossberg Il’s portfolio.Patton Albertson Miller Group reduced its stake in OXY by selling 5,245 shares or 32.8% in the most recent quarter. The Hedge Fund company now holds 10,745 shares of OXY which is valued at $825,538. Occidental Petroleum Corporation makes up approx 0.36% of Patton Albertson Miller Group’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.
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.