Occidental Petroleum Corporation (OXY) : Merriman Wealth Management added new position in Occidental Petroleum Corporation during the most recent quarter end. The investment management firm now holds 61,480 shares of Occidental Petroleum Corporation which is valued at $4,680,472 , the company said in a statement filed on Jul 8, 2016 with the SEC.Occidental Petroleum Corporation makes up approximately 1.30% of Merriman Wealth Management’s portfolio.
Other Hedge Funds, Including , West Oak Capital reduced its stake in OXY by selling 140 shares or 0.98% in the most recent quarter. The Hedge Fund company now holds 14,085 shares of OXY which is valued at $1,072,291. Occidental Petroleum Corporation makes up approx 0.76% of West Oak Capital’s portfolio. Curbstone Financial Management Corp added OXY to its portfolio by purchasing 5,330 company shares during the most recent quarter which is valued at $405,773. Occidental Petroleum Corporation makes up approx 0.13% of Curbstone Financial Management Corp’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 closed down -0.54 points or -0.70% at $76.83 with 36,59,384 shares getting traded on Wednesday. Post opening the session at $77.49, the shares hit an intraday low of $76.225 and an intraday high of $77.58 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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.