Occidental Petroleum Corp. sold by Carl Ichan:$179.55m-Apr 5-6
Following on sale of $217.20m- Mar 31-Apr 1-cap #2
Two sales total $396.75m
from March 12 2021
Icahn to cut Occidental holdings while staying on company’s board
Occidental Petroleum (NYSE:OXY) shareholder Carl Ichan plans to cut his $3B stake by as much as a third while remaining on the company’s board, according to an SEC filing. Icahn is one of Occidental’s largest shareholders and beneficially owns 107.9M shares with a market value exceeding $3B. “While we still believe in Occidental, our investment has become somewhat of an outsized position in our investment portfolio, and as a result, we believe it is prudent to reduce the size of our position to rebalance our portfolio,” the filing says.
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