South Texas Money Management Ltd buys $35,038,187 stake in Occidental Petroleum Corporation (OXY)

Occidental Petroleum Corporation (OXY) : South Texas Money Management Ltd scooped up 29,264 additional shares in Occidental Petroleum Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 471,070 shares of Occidental Petroleum Corporation which is valued at $35,038,187.Occidental Petroleum Corporation makes up approximately 1.90% of South Texas Money Management Ltd’s portfolio.

Other Hedge Funds, Including , Zurcher Kantonalbank (zurich Cantonalbank) boosted its stake in OXY in the latest quarter, The investment management firm added 9,914 additional shares and now holds a total of 131,137 shares of Occidental Petroleum Corporation which is valued at $9,753,970. Occidental Petroleum Corporation makes up approx 0.12% of Zurcher Kantonalbank (zurich Cantonalbank)’s portfolio.Lucas Capital Management reduced its stake in OXY by selling 10,000 shares or 29.19% in the most recent quarter. The Hedge Fund company now holds 24,257 shares of OXY which is valued at $1,812,726. Occidental Petroleum Corporation makes up approx 1.25% of Lucas Capital Management’s portfolio.Cumberland Partners Ltd reduced its stake in OXY by selling 625 shares or 1.61% in the most recent quarter. The Hedge Fund company now holds 38,265 shares of OXY which is valued at $2,837,732. Occidental Petroleum Corporation makes up approx 0.39% of Cumberland Partners Ltd’s portfolio.Kwmg reduced its stake in OXY by selling 52 shares or 1.54% in the most recent quarter. The Hedge Fund company now holds 3,334 shares of OXY which is valued at $251,317. Occidental Petroleum Corporation makes up approx 0.13% of Kwmg’s portfolio.Summit Financial Wealth Advisors boosted its stake in OXY in the latest quarter, The investment management firm added 567 additional shares and now holds a total of 9,884 shares of Occidental Petroleum Corporation which is valued at $752,469. Occidental Petroleum Corporation makes up approx 0.31% of Summit Financial Wealth Advisors’s portfolio.

Occidental Petroleum Corporation closed down -0.13 points or -0.17% at $74.25 with 37,45,642 shares getting traded on Thursday. Post opening the session at $74.01, the shares hit an intraday low of $73.92 and an intraday high of $74.85 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Occidental Petroleum Corporation reported $-0.18 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $-0.19. The company had revenue of $2531.00 million for the quarter, compared to analysts expectations of $2808.30 million. The company’s revenue was down -27.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.21 EPS.

Investors should note that on Jul 14, 2016, Occidental Petroleum Corporation announced a cash dividend of $0.7600. The company’s management has announced Sep 7, 2016 as the ex-dividend date and fixed the record date on Sep 9, 2016. The payable date has been fixed on Oct 14, 2016.

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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