Exxonmobil Investment Management Inc Tx Lowers stake in Occidental Petroleum Corporation (OXY)

Occidental Petroleum Corporation (OXY) : Exxonmobil Investment Management Inc Tx reduced its stake in Occidental Petroleum Corporation by 1.33% during the most recent quarter end. The investment management company now holds a total of 195,058 shares of Occidental Petroleum Corporation which is valued at $14,344,565 after selling 2,637 shares in Occidental Petroleum Corporation , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.Occidental Petroleum Corporation makes up approximately 0.30% of Exxonmobil Investment Management Inc Tx’s portfolio.

Other Hedge Funds, Including , Advisory Services Network boosted its stake in OXY in the latest quarter, The investment management firm added 819 additional shares and now holds a total of 2,918 shares of Occidental Petroleum Corporation which is valued at $214,590. Occidental Petroleum Corporation makes up approx 0.04% of Advisory Services Network’s portfolio.Summit Financial Wealth Advisors boosted its stake in OXY in the latest quarter, The investment management firm added 2,328 additional shares and now holds a total of 12,212 shares of Occidental Petroleum Corporation which is valued at $885,858. Occidental Petroleum Corporation makes up approx 0.39% of Summit Financial Wealth Advisors’s portfolio.West Oak Capital boosted its stake in OXY in the latest quarter, The investment management firm added 150 additional shares and now holds a total of 14,235 shares of Occidental Petroleum Corporation which is valued at $1,032,607. Occidental Petroleum Corporation makes up approx 0.71% of West Oak Capital’s portfolio.Washington Trust Bank boosted its stake in OXY in the latest quarter, The investment management firm added 1,346 additional shares and now holds a total of 6,687 shares of Occidental Petroleum Corporation which is valued at $485,075. Occidental Petroleum Corporation makes up approx 0.12% of Washington Trust Bank’s portfolio.Kempner Capital Management reduced its stake in OXY by selling 1,800 shares or 3.5% in the most recent quarter. The Hedge Fund company now holds 49,647 shares of OXY which is valued at $3,601,393. Occidental Petroleum Corporation makes up approx 2.47% of Kempner Capital Management’s portfolio.

Occidental Petroleum Corporation (OXY) witnessed a volatile trading activity on Friday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $73.81 and reached the intraday high at $73.99. The bulls started the profit booking and pushed the shares to intraday low of $73.2236. The trading session was marked by a volume range of 31,17,585 shares exchanging hands. The 52-week high of the shares is $78.48 and the 52-week low is $58.216364. The market cap of the company stands at $56,179 M and there are 76,39,26,260 shares in public circulation.

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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