Published: Sat, January 13, 2018
Finance | By Loren Pratt

Inc. MA Raises Position in Occidental Petroleum Corporation (OXY)


The stock increased 2.11% or $1.57 during the last trading session, reaching $75.82. About 4.38 million shares traded or 6.44% up from the average.

Occidental Petroleum Corporation (OXY) exchanged hands at an unexpectedly high level of 5.06 million shares over the course of the day. It has underperformed by 35.67% the S&P500.

Kentucky Retirement Systems Insurance Trust Fund decreased its stake in Apple Inc (AAPL) by 3.45% based on its latest 2017Q3 regulatory filing with the SEC. The institutional investor held 10,235 shares of the telecommunications equipment company at the end of 2017Q3, valued at $507,000, down from 42,489 at the end of the previous reported quarter. Bridgeway Capital Management Inc who had been investing in Boise Cascade Co Del for a number of months, seems to be less bullish one the $1.59B market cap company. Occidental Petroleum has a 1-year low of $57.20 and a 1-year high of $76.76. About 7.16 million shares traded.

Occidental Petroleum Corporation is an global oil and gas exploration and production company with operations in the United States, Middle East and Latin America. It has underperformed by 18.79% the S&P500. The company has an average rating of "Hold" and a consensus target price of $74.42. Therefore 17% are positive. Qualcomm Inc. had 122 analyst reports since July 23, 2015 according to SRatingsIntel. The rating was downgraded by Iberia Capital Partners on Thursday, December 17 to "Sector Perform". The stock has "Hold" rating by Wolfe Research on Wednesday, August 16. As per Wednesday, September 27, the company rating was maintained by Cowen & Co. Bank of America has "Buy" rating and $76 target. Telemus Capital Llc sold 32,254 shares as the company's stock declined 7.66% while stock markets rallied. On Friday, July 28 the stock rating was maintained by Jefferies with "Hold". The firm has "Buy" rating by Raymond James given on Thursday, January 4. The firm earned "Hold" rating on Friday, May 5 by BMO Capital Markets. Eisenberg Jerome B sold $73,850 worth of stock or 7,000 shares. QUALCOMM Incorporated (NASDAQ:QCOM) has risen 9.31% since January 12, 2017 and is uptrending. Sound Shore Ct stated it has 3.11M shares or 3.26% of all its holdings. 7,923 shares were sold by Malone Craig, worth $86,299 on Friday, January 5.

Occidental Petroleum earned a media sentiment score of 0.15 on Accern's scale. Its down 0.06, from 0.95 in 2017Q2. It improved, as 11 investors sold BCC shares while 52 reduced holdings. 36 funds opened positions while 55 raised stakes. Benin reported 8,317 shares or 0.17% of all its holdings. Rockefeller Financial Services has invested 2.39% in CVS Health Corporation (NYSE:CVS). Wespac Advsr Ltd Liability reported 1.63% in Fastenal Company (NASDAQ:FAST). Mutual Of America Cap Mgmt Limited Com reported 0.16% in CVS Health Corporation (NYSE:CVS). Neuberger Berman Group reported 1.90M shares. Prudential Fin Inc stated it has 3.33M shares. Northstar Asset Mgmt Lc invested in 30,313 shares. Adirondack Trust invested in 710 shares or 0.04% of the stock.


In other news, Director Stephen I. Chazen sold 9,000 shares of the business's stock in a transaction on Thursday, November 10th. Williams Jones Assoc Limited Liability has 0.09% invested in Verizon Communications Inc. (NYSE:VZ). Manchester Capital Management, a Vermont-based fund reported 10,515 shares. Company insiders own 0.35% of the company's stock.

Glenmede Trust Company Na increased Hawaiian Electric Industries Inc (NYSE:HE) stake by 113,980 shares to 135,950 valued at $4.54 million in 2017Q3. Comerica Securities Incorporated holds 0.19% or 20,803 shares. Jefferies Group reaffirmed a "hold" rating and set a $58.00 target price on shares of Occidental Petroleum in a report on Friday, October 6th. The oil and gas producer reported $0.18 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.11 by $0.07. OXY's profit will be $229.57 million for 61.88 P/E if the $0.30 EPS becomes a reality. The business's revenue for the quarter was up 13.3% compared to the same quarter last year. sell-side analysts forecast that Occidental Petroleum will post 0.79 EPS for the current fiscal year. Mizuho initiated Occidental Petroleum Corporation (NYSE:OXY) on Thursday, October 6 with "Buy" rating. Therefore 19% are positive. The company was maintained on Monday, March 14 by Citigroup. On Monday, August 3 the stock rating was maintained by Oppenheimer with "Outperform". Piper Jaffray has "Hold" rating and $72.0 target. Nomura upgraded the shares of QCOM in report on Monday, October 31 to "Buy" rating. Riverbridge Prtn Limited Liability Corporation owns 1.93 million shares. It also increased its holding in Ishares Tr (EFA) by 13,529 shares in the quarter, for a total of 15,193 shares, and has risen its stake in Carrizo Oil & Gas Inc (NASDAQ:CRZO).

Investors sentiment increased to 1.59 in 2017 Q3. Its up 0.02, from 0.68 in 2017Q2.

Several other large investors have also recently bought and sold shares of OXY. 89 funds opened positions while 264 raised stakes. Bankshares Of Nova Scotia holds 1.39M shares or 0.52% of its portfolio. Robeco Institutional Asset Bv owns 40,388 shares or 0.02% of their USA portfolio. Mraz Amerine And Associate Inc holds 8,514 shares or 0.17% of its portfolio. Aspiriant Llc has invested 0.02% of its portfolio in Occidental Petroleum Corporation (NYSE:OXY). Many technical chart analysts believe that an ADX value over 25 would suggest a strong trend. 3 analysts say it's a Hold while 0 analysts provided their expert opinion as Sell. Pax Ltd Liability holds 0.02% of its portfolio in Occidental Petroleum Corporation (NYSE:OXY) for 6,400 shares. One Natl Association accumulated 0.02% or 5,146 shares. Occidental Petroleum had a return on equity of 1.31% and a net margin of 4.33%. Nj State Employees Deferred Compensation Plan holds 15,000 shares or 0.17% of its portfolio.

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