Reliance Trust Has Lowered Its Holding in Home Depot (HD) by $538,984; As Occidental Petroleum (OXY) Market Valuation Rose, Loring Wolcott & Coolidge Fiduciary Advisors Llp Raised Position

August 10, 2018 - By Kristin Houston

Occidental Petroleum Corporation (NYSE:OXY) Logo

Reliance Trust decreased its stake in Home Depot Inc (HD) by 9.47% based on its latest 2018Q1 regulatory filing with the SEC. Reliance Trust sold 3,028 shares as the company’s stock declined 0.85% with the market. The institutional investor held 28,932 shares of the consumer services company at the end of 2018Q1, valued at $5.16M, down from 31,960 at the end of the previous reported quarter. Reliance Trust who had been investing in Home Depot Inc for a number of months, seems to be less bullish one the $228.49 billion market cap company. The stock increased 0.03% or $0.06 during the last trading session, reaching $198.08. About 2.47M shares traded. The Home Depot, Inc. (NYSE:HD) has risen 19.42% since August 10, 2017 and is uptrending. It has outperformed by 6.85% the S&P500. Some Historical HD News: 24/04/2018 – 2 Dallas Police Officers and a Security Guard Shot Outside Home Depot; 24/04/2018 – The Jerusalem Post: BREAKING Two Dallas police officers, civilian shot at Home Depot, police say; 18/04/2018 – Home Depot: Hiring to Support Initiatives Related to $11.1B, Three-Year Strategic Investment Plan; 25/04/2018 – NBC DFW: #BREAKING: One of two Dallas police officers critically wounded in Home Depot triple shooting has died, police conf…; 15/05/2018 – Cramer: Don’t bail on Home Depot just because of sluggish spring sales; 15/05/2018 – Home Depot: Solid 1Q Results in All Markets, Categories Outside of Seasonal; 02/04/2018 – Pioneer Fundamental Growth Adds Zoetis, Cuts Home Depot; 24/04/2018 – WFSB Channel 3: BREAKING: Two Dallas police officers were shot and critically wounded at a Home Depot. Follow updates on the; 24/04/2018 – KVUE News: Sources: 2 Dallas PD officers, 1 security guard shot at Home Depot in north Dalla; 08/05/2018 – Stevens Capital Adds Home Depot, Exits Starbucks, Cuts Nike: 13F

Loring Wolcott & Coolidge Fiduciary Advisors Llp increased its stake in Occidental Petroleum Corp (OXY) by 1.85% based on its latest 2018Q1 regulatory filing with the SEC. Loring Wolcott & Coolidge Fiduciary Advisors Llp bought 16,074 shares as the company’s stock rose 22.49% while stock markets declined. The institutional investor held 884,848 shares of the oil & gas production company at the end of 2018Q1, valued at $57.48M, up from 868,774 at the end of the previous reported quarter. Loring Wolcott & Coolidge Fiduciary Advisors Llp who had been investing in Occidental Petroleum Corp for a number of months, seems to be bullish on the $59.57B market cap company. The stock decreased 4.20% or $3.41 during the last trading session, reaching $77.79. About 14.63 million shares traded or 215.04% up from the average. Occidental Petroleum Corporation (NYSE:OXY) has risen 35.73% since August 10, 2017 and is uptrending. It has outperformed by 23.16% the S&P500.

Investors sentiment decreased to 0.87 in Q1 2018. Its down 0.06, from 0.93 in 2017Q4. It worsened, as 72 investors sold HD shares while 666 reduced holdings. 116 funds opened positions while 523 raised stakes. 772.16 million shares or 2.08% less from 788.59 million shares in 2017Q4 were reported. 16,690 are owned by Boston Family Office Ltd Limited Liability Company. 129,171 are held by Pinnacle Assoc Ltd. Boys Arnold & reported 50,354 shares. M&R Capital Mgmt owns 10,403 shares. Fifth Third Financial Bank accumulated 1.05M shares. Todd Asset Mngmt Limited Liability Company owns 1.23% invested in The Home Depot, Inc. (NYSE:HD) for 250,735 shares. Gabalex Capital Ltd owns 5.37% invested in The Home Depot, Inc. (NYSE:HD) for 100,000 shares. Rmsincerbeaux Limited Com reported 2.21% in The Home Depot, Inc. (NYSE:HD). Intersect Capital Llc invested 0.21% in The Home Depot, Inc. (NYSE:HD). Natixis Advisors Ltd Partnership has invested 0.5% in The Home Depot, Inc. (NYSE:HD). Windward Capital Mgmt Ca accumulated 10,815 shares. 1832 Asset Management LP accumulated 0.52% or 791,910 shares. Swiss Bancshares invested in 0.85% or 3.93 million shares. Segall Bryant And Hamill Ltd accumulated 28,080 shares or 0.12% of the stock. Wealthfront stated it has 0.09% of its portfolio in The Home Depot, Inc. (NYSE:HD).

Since February 21, 2018, it had 3 insider purchases, and 7 sales for $46.42 million activity. Another trade for 113,687 shares valued at $20.89M was sold by Menear Craig A. CODINA ARMANDO M bought $1.19M worth of stock or 6,650 shares. On Friday, June 1 Linnartz Stephanie bought $187,570 worth of The Home Depot, Inc. (NYSE:HD) or 1,000 shares. HOLIFIELD MARK sold 45,549 shares worth $8.51 million. 37,680 shares were sold by Campbell Ann Marie, worth $7.02 million. On Wednesday, May 16 Decker Edward P. sold $6.18 million worth of The Home Depot, Inc. (NYSE:HD) or 33,200 shares.

Analysts await The Home Depot, Inc. (NYSE:HD) to report earnings on August, 14 before the open. They expect $2.85 earnings per share, up 26.67% or $0.60 from last year’s $2.25 per share. HD’s profit will be $3.29 billion for 17.38 P/E if the $2.85 EPS becomes a reality. After $2.08 actual earnings per share reported by The Home Depot, Inc. for the previous quarter, Wall Street now forecasts 37.02% EPS growth.

Among 36 analysts covering The Home Depot Inc. (NYSE:HD), 25 have Buy rating, 0 Sell and 11 Hold. Therefore 69% are positive. The Home Depot Inc. had 121 analyst reports since August 19, 2015 according to SRatingsIntel. On Thursday, February 23 the stock rating was upgraded by Morgan Stanley to “Overweight”. The stock of The Home Depot, Inc. (NYSE:HD) earned “Buy” rating by RBC Capital Markets on Monday, July 24. The firm has “Buy” rating by UBS given on Wednesday, November 18. The company was maintained on Wednesday, November 18 by Cantor Fitzgerald. On Wednesday, August 16 the stock rating was upgraded by Stifel Nicolaus to “Buy”. The stock of The Home Depot, Inc. (NYSE:HD) earned “Buy” rating by Morgan Stanley on Wednesday, March 21. The company was maintained on Monday, August 17 by Cantor Fitzgerald. The rating was maintained by Stifel Nicolaus with “Buy” on Thursday, July 20. The rating was maintained by RBC Capital Markets on Wednesday, November 15 with “Outperform”. The stock of The Home Depot, Inc. (NYSE:HD) earned “Buy” rating by UBS on Friday, January 26.

More important recent The Home Depot, Inc. (NYSE:HD) news were published by: Seekingalpha.com which released: “Home Depot Appears Softer Than It Should Be” on August 06, 2018, also Fool.com published article titled: “Can Lockers Boost Home Depot’s Online Sales?”, Fool.com published: “Better Buy: The Home Depot vs. Sherwin-Williams” on August 09, 2018. More interesting news about The Home Depot, Inc. (NYSE:HD) was released by: Seekingalpha.com and their article: “Home Depot Has An Unattractive Risk-Reward Profile” with publication date: August 06, 2018.

More notable recent Occidental Petroleum Corporation (NYSE:OXY) news were published by: Businesswire.com which released: “Lotus Midstream to Acquire Centurion Pipeline” on August 08, 2018, also 247Wallst.com with their article: “Short Sellers in Major Oil Stocks Run for Cover” published on August 10, 2018, Seekingalpha.com published: “Occidental’s Permian Cash Flow Cow” on July 13, 2018. More interesting news about Occidental Petroleum Corporation (NYSE:OXY) were released by: Bizjournals.com and their article: “Oxy selling midstream assets, terminal to Houston cos.” published on August 09, 2018 as well as Investorplace.com‘s news article titled: “5 Energy Stocks to Sell Now” with publication date: August 09, 2018.

Among 23 analysts covering Occidental Petroleum Corporation (NYSE:OXY), 12 have Buy rating, 1 Sell and 10 Hold. Therefore 52% are positive. Occidental Petroleum Corporation had 98 analyst reports since August 3, 2015 according to SRatingsIntel. The stock of Occidental Petroleum Corporation (NYSE:OXY) has “Hold” rating given on Friday, November 3 by Jefferies. The rating was downgraded by Mizuho to “Neutral” on Monday, February 13. The firm has “Hold” rating given on Monday, April 3 by Jefferies. Piper Jaffray maintained it with “Hold” rating and $72.0 target in Tuesday, November 21 report. The company was maintained on Monday, November 20 by Barclays Capital. The stock has “Buy” rating by Bank of America on Wednesday, March 15. The firm has “Neutral” rating by Bank of America given on Thursday, January 4. The company was maintained on Friday, October 13 by Bank of America. The rating was initiated by Mizuho with “Buy” on Thursday, October 6. The firm has “Hold” rating by Deutsche Bank given on Friday, August 5.

The Home Depot, Inc. (NYSE:HD) Institutional Positions Chart

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