Occidental Petroleum (NYSE:OXY) Cut to "Sell" at ValuEngine

Cornelia Mascio
Marzo 13, 2018

Cypress Capital Management Llc sold 67,709 shares as the company's stock declined 8.50% while stock markets rallied. The Great West Life Assurance Company holds 1.61 million shares with $103.87 million value, up from 1.57M last quarter. Hawkins Capital Lp who had been investing in Occidental Pete Corp Del for a number of months, seems to be bullish on the $49.18B market cap company. The stock decreased 0.56% or $3.68 during the last trading session, reaching $649.58. The stock had a trading volume of 10,990,436 shares, compared to its average volume of 5,265,258. It has underperformed by 35.67% the S&P500.

Robert Jaffe increased its stake in Sears Hldgs Corp (Call) (SHLD) by 20.82% based on its latest 2017Q3 regulatory filing with the SEC. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. The hedge fund run by John Tompkins held 66,536 shares of the consumer services company at the end of 2017Q3, valued at $39.60 million, down from 69,943 at the end of the previous reported quarter. Cypress Capital Management Llc who had been investing in Occidental Petroleum Corp for a number of months, seems to be less bullish one the $48.95 billion market cap company.

Shares of Occidental Petroleum (OXY) traded up $0.71 during trading hours on Thursday, hitting $63.67. About 177,719 shares traded.

Occidental Petroleum Corporation (OXY) ticked a yearly performance of 2.06% while year-to-date (YTD) performance stood at -13.26%. It has underperformed by 46.51% the S&P500.

Since February 14, 2018, it had 0 insider purchases, and 2 selling transactions for $874,731 activity.

Investors sentiment increased to 1.09 in Q3 2017. Its up 0.20, from 0.52 in 2017Q2. It improved, as 43 investors sold BG shares while 113 reduced holdings. Massachusetts Financial Services Company Ma holds 0.26% or 9.46M shares. (NASDAQ:NSTG) to report -0.39 EPS and has got OUTPERFORM rating from 1 of Thomson Reuters analysts and 0 analyst (s) given UNDERPERFORM rating. Abbot Financial Management Inc. now owns 17,175 shares of the oil and gas producer's stock worth $1,130,000 after acquiring an additional 2,450 shares in the last quarter. 10,000 are owned by Silvercrest Asset Grp Incorporated Ltd Company. Private Na holds 0.19% or 13,776 shares. Scotia Cap holds 1,264 shares. Moreover, Barclays Pcl has 0% invested in Sears Holdings Corporation (NASDAQ:SHLD).

Analysts Target Price: Wall Street analysts that cover the Regions Financial Corporation (RF) presented current consensus target price of $19.97. Tci Wealth Advisors stated it has 15,798 shares or 0.5% of all its holdings. Intrust National Bank Na stated it has 0.15% in Occidental Petroleum Corporation (NYSE:OXY). Jennison Limited Liability Corporation holds 0% or 34,711 shares in its portfolio. Therefore 25% are positive. Bancorpsouth reported 3,488 shares. The firm has "Sell" rating given on Friday, February 16 by Susquehanna. Earnings-per-share growth gives a good picture of the rate at which a company has grown its profitability per unit of equity. The rating was maintained by Piper Jaffray on Thursday, August 24 with "Hold". The firm has "Neutral" rating by JP Morgan given on Wednesday, May 10. Shoker Invest Counsel, a Ohio-based fund reported 6,363 shares.

Among 21 analysts covering Occidental Petroleum Corporation (NYSE:OXY), 4 have Buy rating, 1 Sell and 16 Hold. Therefore 19% are positive. Occidental Petroleum had a net margin of 9.88% and a return on equity of 3.29%. The company was maintained on Friday, February 26 by Barclays Capital. Reinhart Prtnrs holds 0.04% in Occidental Petroleum Corporation (NYSE:OXY) or 6,590 shares. Morgan Stanley has "Equal-Weight" rating and $12 target. SELL rating has been given by 0 analyst (s) and 3 analyst (s) given BUY rating to the stock. Occidental Petroleum presently has an average rating of "Hold" and an average price target of $71.56. Finally, Cowen set a $85.00 price objective on Occidental Petroleum and gave the stock a buy rating in a research note on Thursday, January 18th. Jefferies Group also issued estimates for Occidental Petroleum's Q2 2018 earnings at $0.57 EPS, Q3 2018 earnings at $0.62 EPS, Q4 2018 earnings at $0.51 EPS, FY2018 earnings at $2.24 EPS, FY2019 earnings at $1.76 EPS and FY2020 earnings at $2.58 EPS. Its up 0.18, from 0.91 in 2017Q2. 89 funds opened positions while 264 raised stakes. Among active positions in the latest quarter, 512 holders increased their positions by a total of 47.15 million shares, 509 holders decreased the positions by a total of 32.03 million shares, and 120 holders held their positions. Sei Company holds 0% of its portfolio in NanoString Technologies, Inc. Finally, Macquarie initiated coverage on shares of Occidental Petroleum in a research note on Wednesday, January 17th. Trustmark Savings Bank Tru Department has 7,948 shares for 0.06% of their portfolio. Uss Investment Management Ltd has invested 0.79% in Occidental Petroleum Corporation (NYSE:OXY). Whittier Communications has invested 0.03% in Occidental Petroleum Corporation (NYSE:OXY). Nine Masts reported 11,050 shares. Over the last six months, Occidental Petroleum Corporation's stock has been 6.06% and 2.06% for the year. Franklin Resource reported 0.43% in Occidental Petroleum Corporation (NYSE:OXY). Bbva Compass Natl Bank Incorporated holds 0.06% of its portfolio in Occidental Petroleum Corporation (NYSE:OXY) for 14,890 shares. Occidental Petroleum has a 12 month low of $57.20 and a 12 month high of $78.09. Employees Retirement System Of Texas has invested 0.08% of its portfolio in FMC Corporation (NYSE:FMC). 118.19 million shares or 0.61% less from 118.92 million shares in 2017Q2 were reported. Barrow Hanley Mewhinney & Strauss Llc holds 15.90M shares or 1.54% of its portfolio. The Washington-based Parametric Port Assocs Limited Liability has invested 0.03% in FMC Corporation (NYSE:FMC). Last year, their EPS growth was 228.90% and their EPS growth over the past five years was -18.60%.

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