Stock Yards Bank Trust Co Lowers stake in Occidental Petroleum Corporation (OXY)

Occidental Petroleum Corporation (OXY) : Stock Yards Bank Trust Co reduced its stake in Occidental Petroleum Corporation by 11.37% during the most recent quarter end. The investment management company now holds a total of 3,313 shares of Occidental Petroleum Corporation which is valued at $242,578 after selling 425 shares in Occidental Petroleum Corporation , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.Occidental Petroleum Corporation makes up approximately 0.03% of Stock Yards Bank Trust Co’s portfolio.

Other Hedge Funds, Including , Reliance Trust Co Of Delaware boosted its stake in OXY in the latest quarter, The investment management firm added 3,318 additional shares and now holds a total of 44,002 shares of Occidental Petroleum Corporation which is valued at $3,221,826. Occidental Petroleum Corporation makes up approx 0.29% of Reliance Trust Co Of Delaware’s portfolio.Community Bank N.a. boosted its stake in OXY in the latest quarter, The investment management firm added 33 additional shares and now holds a total of 1,203 shares of Occidental Petroleum Corporation which is valued at $88,902. Occidental Petroleum Corporation makes up approx 0.02% of Community Bank N.a.’s portfolio.Oakwood Capital Managementca boosted its stake in OXY in the latest quarter, The investment management firm added 78 additional shares and now holds a total of 64,493 shares of Occidental Petroleum Corporation which is valued at $4,752,489. Occidental Petroleum Corporation makes up approx 1.24% of Oakwood Capital Managementca’s portfolio.First Financial Bank N.a. – Trust Division boosted its stake in OXY in the latest quarter, The investment management firm added 2,583 additional shares and now holds a total of 33,916 shares of Occidental Petroleum Corporation which is valued at $2,535,899. Occidental Petroleum Corporation makes up approx 0.47% of First Financial Bank N.a. – Trust Division’s portfolio.

Occidental Petroleum Corporation closed down -0.68 points or -0.92% at $73.22 with 44,94,213 shares getting traded on Friday. Post opening the session at $74.6, the shares hit an intraday low of $72.76 and an intraday high of $74.6 and the price fluctuated in this range throughout the day.Shares ended Friday 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 Oct 6, 2016, Occidental Petroleum Corporation announced a cash dividend of $0.7600. The company’s management has announced Dec 7, 2016 as the ex-dividend date and fixed the record date on Dec 9, 2016. The payable date has been fixed on Jan 13, 2017.

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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