Mitchell Group Inc. Lowers Stake in Occidental Petroleum Corporation (NYSE:OXY)

07 December, 2017, 15:07 | Author: Leticia Walters

Parallel Advisors LLC now owns 1,961 shares of the oil and gas producer's stock valued at $118,000 after purchasing an additional 264 shares in the last quarter. The stock decreased 0.16% or $0.11 during the last trading session, reaching $69.95. About 1.24M shares traded. The original version of this news story can be viewed at https://weekherald.com/2017/12/06/occidental-petroleum-corporation-oxy-stake-lowered-by-kbc-group-nv.html. It has underperformed by 35.67% the S&P500. Analysts have placed a $67.95 price target on Occidental Petroleum Corporation, suggesting a -2.93% decline from recent close. Therefore 29% are positive. Based on Occidental Petroleum Corporation's current price of $69.27, the dividend is 1.11 %. On Thursday, August 24 the stock rating was maintained by Cowen & Co with "Buy". BMO Capital Markets maintained it with "Hold" rating and $63.0 target in Monday, November 6 report. The stock has "Hold" rating by Tudor Pickering on Friday, November 6. The stock has "Hold" rating by Jefferies on Tuesday, January 12. The rating was maintained by Barclays Capital with "Underweight" on Wednesday, October 11. Finally, Barclays lifted their price objective on Occidental Petroleum from $38.00 to $40.00 and gave the stock an "underweight" rating in a report on Wednesday, October 11th. BMO Capital Markets maintained Occidental Petroleum Corporation (NYSE:OXY) on Monday, November 6 with "Hold" rating. Torch Wealth Management Ltd Liability Corporation invested 1.43% in Occidental Petroleum Corporation (NYSE:OXY). 15,147 are owned by Patten Grp Incorporated Inc. Lederer And Assoc Inv Counsel Ca holds 24,000 shares. Microsoft Corp (NASDAQ:MSFT) was reduced too.

Investors sentiment decreased to 0.95 in Q2 2017. Its up 0.21, from 1.37 in 2017Q1.

Among 21 analysts covering Occidental Petroleum Corporation (NYSE:OXY), 6 have Buy rating, 2 Sell and 13 Hold.

Several hedge funds have recently added to or reduced their stakes in the stock. The oil and gas producer reported $0.18 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.11 by $0.07. Brinker Capital has invested 0.16% in Occidental Petroleum Corporation (NYSE:OXY). Ruffer Llp invested 0.08% of its portfolio in Occidental Petroleum Corporation (NYSE:OXY). The portion of a company's profit allocated to each outstanding share of common stock was -$0.17 a share in the trailing twelve months. 29,593 were accumulated by Novare Capital Management Ltd Com. Arrow stated it has 834 shares. American And Mgmt holds 0.27% in Occidental Petroleum Corporation (NYSE:OXY) or 13,848 shares. Parallel Advisors LLC bought a new position in shares of Occidental Petroleum during the fourth quarter valued at approximately $121,000. Sumitomo Mitsui Asset Mngmt Limited invested in 59,953 shares or 0.06% of the stock. Moreover, Tensile Capital Management Llc has 1.29% invested in the company for 775,000 shares. Novare Capital Mngmt Ltd owns 0.4% invested in Occidental Petroleum Corporation (NYSE:OXY) for 29,593 shares. Ipg Ltd Liability Corp holds 8,550 shares. Ellington Management Group Ltd Liability reported 21,100 shares or 0.2% of all its holdings. The company has market cap of $53.01 billion. The firm offers Veeva Commercial Cloud, a suite of multichannel customer relationship management applications, which allow pharmaceutical and biotechnology companies to target and support sales and marketing to physicians, other healthcare professionals, and healthcare organizations through various touch points, including in-person, email, and online; and Veeva Vault, a cloud enterprise content management platform and suite of applications for managing commercial functions, including medical, sales, and marketing, as well as research and development functions, such as clinical, regulatory, and quality. It has a 487.82 P/E ratio. It also provides Veeva Network master data management solutions for the management of customer master and product master data. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the stock. Therefore 94% are positive. Citigroup downgraded shares of Occidental Petroleum from a neutral rating to a sell rating and decreased their price objective for the company from $66.00 to $58.00 in a report on Friday, July 21st. UBS has "Neutral" rating and $74 target. The stock has "Hold" rating by Deutsche Bank on Friday, August 5. The rating was maintained by Deutsche Bank on Wednesday, December 9 with "Buy". The firm earned "Neutral" rating on Friday, May 27 by Citigroup. As per Monday, February 13, the company rating was downgraded by Mizuho. (NYSE:XPO) on Friday, November 3 with "Buy" rating. The Company's prescription drug candidates includes PV-10, which is in Phase III study for cutaneous melanoma; completed Phase II study for metastatic melanoma; completed Phase I study for liver and breast cancers; and phase 1b/2 study for pembrolizumab. The rating was maintained by Leerink Swann on Wednesday, November 25 with "Market Perform".

Investors sentiment increased to 1.28 in 2017 Q2. Its down 0.08, from 1.03 in 2017Q1. 123 funds opened positions while 564 raised stakes. Senator Invest Ltd Partnership has invested 2.01% in Visa Inc.

Dodge & Cox increased Cemex Sab De Cv (NYSE:CX) stake by 8.78 million shares to 71.87 million valued at $676.98M in 2017Q2. Gideon Cap invested in 0.34% or 5,130 shares. American Natl Ins Commerce Tx accumulated 73,140 shares or 0.24% of the stock. (NYSE:VEEV). Pnc Svcs Gp has invested 0% in Veeva Systems Inc. (NYSE:VEEV) for 11,207 shares. Mason Street Advsr Ltd Llc invested in 0.24% or 60,872 shares. (NYSE:VEEV) for 153,884 shares. As per Tuesday, October 3, the company rating was downgraded by Credit Suisse. Univest Of Pennsylvania holds 47,179 shares or 1.19% of its portfolio. Bath Savings stated it has 0.08% of its portfolio in Visa Inc. The stock of Occidental Petroleum Corporation (NYSE:OXY) has "Hold" rating given on Thursday, June 22 by Jefferies.

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