Occidental Petroleum Corporation (OXY) : Parametric Portfolio Associates scooped up 95,458 additional shares in Occidental Petroleum Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 1,961,801 shares of Occidental Petroleum Corporation which is valued at $129,027,652.Occidental Petroleum Corporation makes up approximately 0.19% of Parametric Portfolio Associates’s portfolio.
Other Hedge Funds, Including , Thomaspartners boosted its stake in OXY in the latest quarter, The investment management firm added 119,802 additional shares and now holds a total of 1,927,562 shares of Occidental Petroleum Corporation which is valued at $126,775,753. Occidental Petroleum Corporation makes up approx 1.56% of Thomaspartners’s portfolio.Hgk Asset Management Inc reduced its stake in OXY by selling 6,990 shares or 4.67% in the most recent quarter. The Hedge Fund company now holds 142,765 shares of OXY which is valued at $9,600,946. Occidental Petroleum Corporation makes up approx 1.46% of Hgk Asset Management Inc’s portfolio.Blackrock Investment Management reduced its stake in OXY by selling 14,364 shares or 0.32% in the most recent quarter. The Hedge Fund company now holds 4,512,045 shares of OXY which is valued at $303,435,026. Occidental Petroleum Corporation makes up approx 0.38% of Blackrock Investment Management’s portfolio. Highstreet Asset Management sold out all of its stake in OXY during the most recent quarter. The investment firm sold 5,330 shares of OXY which is valued $396,712.Miller Howard Investments Inc Ny reduced its stake in OXY by selling 4,082 shares or 3.04% in the most recent quarter. The Hedge Fund company now holds 130,255 shares of OXY which is valued at $9,694,880. Occidental Petroleum Corporation makes up approx 0.18% of Miller Howard Investments Inc Ny’s portfolio.
Occidental Petroleum Corporation opened for trading at $68.03 and hit $68.85 on the upside on Monday, eventually ending the session at $68.22, with a gain of 0.60% or 0.41 points. The heightened volatility saw the trading volume jump to 54,90,189 shares. Company has a market cap of $52,133 M.
On the company’s financial health, Occidental Petroleum Corporation reported $-0.15 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on Nov 1, 2016. Analyst had a consensus of $-0.12. The company had revenue of $2648.00 million for the quarter, compared to analysts expectations of $2641.15 million. The company’s revenue was down -15.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.03 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.