Published: Wed, March 14, 2018
Finance | By Claude Patterson

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


Cypress Capital Management Llc decreased its stake in Occidental Petroleum Corp (OXY) by 88.49% based on its latest 2017Q3 regulatory filing with the SEC. Tirschwell & Loewy Inc sold 26,275 shares as the company's stock declined 8.50% while stock markets rallied. The institutional investor held 324,972 shares of the finance company at the end of 2017Q3, valued at $2.26 million, up from 192,395 at the end of the previous reported quarter. The stock increased 0.48% or $0.02 during the last trading session, reaching $3.12. During the key period of last 5 years, The Allstate Corporation (NYSE:ALL) sales have annually surged 2.90% on average, however its earnings per share growth remained at 8.30%. (NYSE:WTW) has risen 100.08% since March 12, 2017 and is uptrending. It has underperformed by 35.67% the S&P500.

Investors sentiment increased to 0.72 in Q3 2017. Its down 0.97, from 1.9 in 2017Q2. It also reduced its holding in Unitedhealth Group Inc (NYSE:UNH) by 4,250 shares in the quarter, leaving it with 17,580 shares, and cut its stake in Cigna Corporation (NYSE:CI). 18 funds opened positions while 18 raised stakes. Amica Retiree Med Tru holds 12,035 shares. Birinyi Associate reported 0.36% in AutoZone, Inc. Planning Advsr Limited Liability Corporation stated it has 11,055 shares. (NYSE:AZO). Burgundy Asset Management holds 592,020 shares. Glg Ltd owns 36,151 shares. United Svcs Automobile Association has 20,693 shares. Cim Invest Mangement owns 4,392 shares. Macquarie started coverage on shares of Occidental Petroleum in a report on Wednesday, January 17th. Ferguson Wellman Cap Mgmt Inc holds 1.66% or 715,548 shares in its portfolio. Global X Lc owns 383 shares. Company fiscal year is ending in December and analysts' consensus recommendation is Hold for OXY and estimated EPS for next quarter is 0.64. Visionary Asset Management holds 41,511 shares or 0.77% of its portfolio. They expect $0.66 EPS, up 340.00% or $0.51 from last year's $0.15 per share. Ameriprise Financial accumulated 509,870 shares. SELL rating has been given by 0 analyst (s) and 2 analyst (s) given BUY rating to the stock. For every buyer, there is a seller, and each transaction contributes to the count of total volume. Bancorpsouth reported 3,488 shares. Griffith James C. sold 1,250 shares worth $993,372. Volume is the number of shares or agreement traded in a security or a whole market during a given period. Short-term traders sometimes use 2-period RSI to look for overbought readings above 80 and oversold readings below 20.

Among 24 analysts covering Autozone Inc. (NASDAQ:NSTG) has "Neutral" rating given on Thursday, October 12 by Janney Capital. Weight Watchers International had 25 analyst reports since August 8, 2015 according to SRatingsIntel. Stephens downgraded AutoZone, Inc. Cowen & Co maintained NanoString Technologies, Inc. UBS has "Buy" rating and $875.0 target. Wunderlich maintained the stock with "Buy" rating in Tuesday, January 5 report. As per Friday, August 28, the company rating was downgraded by Vetr. The rating was maintained by Oppenheimer with "Buy" on Friday, July 21. On Thursday, June 22 the stock rating was maintained by Jefferies with "Hold". As per Tuesday, September 15, the company rating was upgraded by Craig Hallum. The firm has "Buy" rating given on Wednesday, March 16 by Janney Capital.

Maverick Capital Ltd, which manages about $14.71B and $7.88 billion US Long portfolio, decreased its stake in Wynn Resorts Ltd (NASDAQ:WYNN) by 381,728 shares to 878,520 shares, valued at $130.83M in 2017Q3, according to the filing. It also increased its holding in Willis Towers Watson Plc by 9,521 shares in the quarter, for a total of 11,916 shares, and has risen its stake in Cisco Systems Inc (NASDAQ:CSCO).

Occidental Petroleum Corporation was covered by a number of analysts recently, 3 rated the stock as Buy, 18 rated Hold, 0 rated sell and 0 gave an Underperform. Therefore 81% are positive.

The stock of Occidental Petroleum Corporation and Ritter Pharmaceuticals, Inc. were two of the most active stocks on Monday. Robert W. Baird maintained the shares of NSTG in report on Friday, November 3 with "Outperform" rating. Moreover, Apg Asset Nv has 0.02% invested in Occidental Petroleum Corporation (NYSE:OXY).

The Allstate Corporation (NYSE:ALL) market capitalization at present is $33.85B at the rate of $96.03 a share. As per Wednesday, September 27, the company rating was maintained by Cowen & Co. JP Morgan maintained the shares of OXY in report on Thursday, February 15 with "Neutral" rating. Piper Jaffray has "Hold" rating and $6500 target. The firm earned "Hold" rating on Tuesday, November 21 by Piper Jaffray. BMO Capital Markets maintained it with "Hold" rating and $60.0 target in Tuesday, October 10 report.

All things being equal, stocks with higher earnings-per-share growth rates are generally more desirable than those with slower earnings-per-share growth rates.

Investors sentiment increased to 0.93 in 2017 Q3. Its up 0.18, from 0.91 in 2017Q2. It improved, as 59 investors sold OXY shares while 338 reduced holdings.

Several hedge funds have recently added to or reduced their stakes in the stock. Shareholders of record on Friday, March 9th will be issued a dividend of $0.77 per share. Sterling Cap Ltd has 910,354 shares. Bridgeway Mngmt has invested 0.75% of its portfolio in Occidental Petroleum Corporation (NYSE:OXY). Retail Bank Of Montreal Can stated it has 1.60M shares. Field & Main Bank acquired a new stake in Occidental Petroleum in the 4th quarter valued at about $166,000. Fdx Advisors stated it has 0.18% of its portfolio in Occidental Petroleum Corporation (NYSE:OXY). The Texas-based Fiduciary Fincl Service Of The Southwest Tx has invested 1.77% in Honeywell International Inc. Stevens Capital LP holds 0.09% of its portfolio in Bunge Limited (NYSE:BG) for 34,238 shares.

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