Occidental Petroleum Corp (OXY) Shares Declined While Quantitative Investment Management LLC Has Lowered Its Holding

September 30, 2018 - By Richard Slagle

Occidental Petroleum Corporation (NYSE:OXY) LogoInvestors sentiment increased to 1.05 in 2018 Q2. Its up 0.06, from 0.99 in 2018Q1. It is positive, as 42 investors sold OXY shares while 352 reduced holdings. 127 funds opened positions while 286 raised stakes. 592.33 million shares or 1.99% less from 604.35 million shares in 2018Q1 were reported. Peoples Financial Services Corporation stated it has 8,144 shares. Art Advsr Limited Co reported 133,101 shares. Maryland Cap Management has 0.05% invested in Occidental Petroleum Corporation (NYSE:OXY) for 4,343 shares. Hm Payson Com owns 24,844 shares or 0.09% of their US portfolio. Clinton Group Incorporated stated it has 68,687 shares. Eaton Vance Management accumulated 0.03% or 151,714 shares. Kempner reported 73,227 shares. Jennison Associates Limited Company has invested 0% in Occidental Petroleum Corporation (NYSE:OXY). Fruth Invest holds 3,918 shares. Mariner Ltd Limited Liability Company holds 12,716 shares. Factory Mutual Co has invested 0.35% of its portfolio in Occidental Petroleum Corporation (NYSE:OXY). Shoker Investment Counsel Incorporated stated it has 0.36% in Occidental Petroleum Corporation (NYSE:OXY). Moreover, Amica Mutual Ins Com has 0.26% invested in Occidental Petroleum Corporation (NYSE:OXY) for 26,298 shares. The Montana-based Da Davidson And has invested 0.27% in Occidental Petroleum Corporation (NYSE:OXY). Destination Wealth Management has 5,045 shares.

Quantitative Investment Management Llc decreased its stake in Occidental Petroleum Corp (OXY) by 25.14% based on its latest 2018Q2 regulatory filing with the SEC. Quantitative Investment Management Llc sold 82,600 shares as the company’s stock declined 10.19% while stock markets rallied. The hedge fund held 246,000 shares of the oil & gas production company at the end of 2018Q2, valued at $20.59M, down from 328,600 at the end of the previous reported quarter. Quantitative Investment Management Llc who had been investing in Occidental Petroleum Corp for a number of months, seems to be less bullish one the $62.84 billion market cap company. The stock increased 1.23% or $1 during the last trading session, reaching $82.17. About 6.41 million shares traded or 47.27% up from the average. Occidental Petroleum Corporation (NYSE:OXY) has risen 24.61% since September 30, 2017 and is uptrending. It has outperformed by 8.99% the S&P500.

Quantitative Investment Management Llc, which manages about $1.89 billion and $4.84 billion US Long portfolio, upped its stake in J.B. Hunt Transport Services Inc (NASDAQ:JBHT) by 39,200 shares to 43,600 shares, valued at $5.30M in 2018Q2, according to the filing. It also increased its holding in Vanguard Small (VB) by 133,800 shares in the quarter, for a total of 206,100 shares, and has risen its stake in Ford Motor Co (NYSE:F).

Analysts await Occidental Petroleum Corporation (NYSE:OXY) to report earnings on November, 7. They expect $1.38 earnings per share, up 666.67 % or $1.20 from last year’s $0.18 per share. OXY’s profit will be $1.06B for 14.89 P/E if the $1.38 EPS becomes a reality. After $1.10 actual earnings per share reported by Occidental Petroleum Corporation for the previous quarter, Wall Street now forecasts 25.45 % EPS growth.

More recent Occidental Petroleum Corporation (NYSE:OXY) news were published by: Seekingalpha.com which released: “3 Reasons To Love Occidental Petroleum” on September 20, 2018. Also Seekingalpha.com published the news titled: “Navigating An Energy Transition” on September 13, 2018. Fool.com‘s news article titled: “ExxonMobil’s Proposed Permian Oil Pipeline Takes Another Step Forward” with publication date: September 29, 2018 was also an interesting one.

Occidental Petroleum Corporation (NYSE:OXY) Ratings Coverage

Among 12 analysts covering Occidental Petroleum (NYSE:OXY), 9 have Buy rating, 0 Sell and 3 Hold. Therefore 75% are positive. Occidental Petroleum had 15 analyst reports since April 9, 2018 according to SRatingsIntel. The rating was maintained by Goldman Sachs with “Buy” on Thursday, April 12. The rating was upgraded by Edward Jones on Tuesday, September 18 to “Buy”. Bank of America maintained it with “Buy” rating and $105 target in Friday, August 17 report. Jefferies upgraded it to “Buy” rating and $98 target in Monday, June 11 report. As per Monday, May 21, the company rating was upgraded by Scotia Capital. The stock of Occidental Petroleum Corporation (NYSE:OXY) has “Neutral” rating given on Friday, August 10 by JP Morgan. Credit Suisse maintained it with “Neutral” rating and $80 target in Wednesday, May 9 report. The stock of Occidental Petroleum Corporation (NYSE:OXY) has “Overweight” rating given on Friday, September 28 by PiperJaffray. The stock of Occidental Petroleum Corporation (NYSE:OXY) has “Buy” rating given on Thursday, May 10 by Bank of America. PiperJaffray upgraded the shares of OXY in report on Monday, April 16 to “Overweight” rating.

Occidental Petroleum Corporation (NYSE:OXY) Institutional Positions Chart

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