Eagle Asset Management Inc buys $107,127,280 stake in Occidental Petroleum Corporation (OXY)

Occidental Petroleum Corporation (OXY) : Eagle Asset Management Inc scooped up 48,448 additional shares in Occidental Petroleum Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 12, 2016. The investment management firm now holds a total of 1,453,756 shares of Occidental Petroleum Corporation which is valued at $107,127,280.Occidental Petroleum Corporation makes up approximately 0.74% of Eagle Asset Management Inc’s portfolio.

Other Hedge Funds, Including , Centurylink Investment Management Co boosted its stake in OXY in the latest quarter, The investment management firm added 29,231 additional shares and now holds a total of 29,477 shares of Occidental Petroleum Corporation which is valued at $2,172,160. Occidental Petroleum Corporation makes up approx 0.75% of Centurylink Investment Management Co’s portfolio.Raymond James Trust N.a. reduced its stake in OXY by selling 7,606 shares or 8.47% in the most recent quarter. The Hedge Fund company now holds 82,238 shares of OXY which is valued at $6,148,935. Occidental Petroleum Corporation makes up approx 0.53% of Raymond James Trust N.a.’s portfolio. Cutler Group Lp added OXY to its portfolio by purchasing 6,458 company shares during the most recent quarter which is valued at $482,865. Occidental Petroleum Corporation makes up approx 0.03% of Cutler Group Lp’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in OXY in the latest quarter, The investment management firm added 2,474 additional shares and now holds a total of 159,203 shares of Occidental Petroleum Corporation which is valued at $11,548,586. Occidental Petroleum Corporation makes up approx 0.05% of Bnp Paribas Arbitrage Sa’s portfolio.Chevy Chase Trust Holdings reduced its stake in OXY by selling 14,250 shares or 2.17% in the most recent quarter. The Hedge Fund company now holds 642,820 shares of OXY which is valued at $46,630,163. Occidental Petroleum Corporation makes up approx 0.26% of Chevy Chase Trust Holdings’s portfolio.

Occidental Petroleum Corporation closed down -1.08 points or -1.44% at $73.69 with 36,94,799 shares getting traded on Tuesday. Post opening the session at $74.53, the shares hit an intraday low of $73.28 and an intraday high of $74.82 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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 JP Morgan to ” Underweight” on Sep 12, 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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