Keystone Financial Planning Lowers stake in Occidental Petroleum Corporation (OXY)

Occidental Petroleum Corporation (OXY) : Keystone Financial Planning reduced its stake in Occidental Petroleum Corporation by 0.23% during the most recent quarter end. The investment management company now holds a total of 62,255 shares of Occidental Petroleum Corporation which is valued at $4,587,571 after selling 146 shares in Occidental Petroleum Corporation , the firm said in a disclosure report filed with the SEC on Oct 12, 2016.Occidental Petroleum Corporation makes up approximately 3.07% of Keystone Financial Planning’s portfolio.

Other Hedge Funds, Including , Carroll Financial Associates boosted its stake in OXY in the latest quarter, The investment management firm added 154 additional shares and now holds a total of 10,325 shares of Occidental Petroleum Corporation which is valued at $772,000. Occidental Petroleum Corporation makes up approx 0.12% of Carroll Financial Associates’s portfolio.Contravisory Investment Management boosted its stake in OXY in the latest quarter, The investment management firm added 11 additional shares and now holds a total of 36 shares of Occidental Petroleum Corporation which is valued at $2,692.Oliver Luxxe Assets boosted its stake in OXY in the latest quarter, The investment management firm added 2,611 additional shares and now holds a total of 35,795 shares of Occidental Petroleum Corporation which is valued at $2,632,364. Occidental Petroleum Corporation makes up approx 2.08% of Oliver Luxxe Assets’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.

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.

Leave a Reply

Occidental Petroleum Corporation - Is it time to Sell?

Top Brokerage Firms are advising their investors on Occidental Petroleum Corporation. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.