Occidental Petroleum Corporation (OXY) : Kynikos Associates Lp reduced its stake in Occidental Petroleum Corporation by 19.8% during the most recent quarter end. The investment management company now holds a total of 68,453 shares of Occidental Petroleum Corporation which is valued at $5,097,010 after selling 16,903 shares in Occidental Petroleum Corporation , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Occidental Petroleum Corporation makes up approximately 1.91% of Kynikos Associates Lp’s portfolio.
Other Hedge Funds, Including , Graham Capital Management sold out all of its stake in OXY during the most recent quarter. The investment firm sold 151,116 shares of OXY which is valued $11,252,097. Ikos Cif Ltd added OXY to its portfolio by purchasing 9,035 company shares during the most recent quarter which is valued at $672,746. Occidental Petroleum Corporation makes up approx 2.18% of Ikos Cif Ltd’s portfolio.Andra Ap-fonden boosted its stake in OXY in the latest quarter, The investment management firm added 400 additional shares and now holds a total of 70,500 shares of Occidental Petroleum Corporation which is valued at $5,249,430. Occidental Petroleum Corporation makes up approx 0.13% of Andra Ap-fonden’s portfolio.Thrivent Financial For Lutherans boosted its stake in OXY in the latest quarter, The investment management firm added 1,097 additional shares and now holds a total of 24,083 shares of Occidental Petroleum Corporation which is valued at $1,793,220. Occidental Petroleum Corporation makes up approx 0.01% of Thrivent Financial For Lutherans’s portfolio.Louisiana State Employees Retirement System reduced its stake in OXY by selling 1,000 shares or 1.96% in the most recent quarter. The Hedge Fund company now holds 50,100 shares of OXY which is valued at $3,715,416. Occidental Petroleum Corporation makes up approx 0.19% of Louisiana State Employees Retirement System’s portfolio.
Occidental Petroleum Corporation closed down -0.01 points or -0.01% at $76.84 with 32,61,008 shares getting traded on Thursday. Post opening the session at $76.55, the shares hit an intraday low of $76.005 and an intraday high of $76.845 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.
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 (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.