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

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

13 March 2018

The institutional investor purchased 19,046 shares of the oil and gas producer's stock, valued at approximately $1,403,000. Maverick Capital Ltd who had been investing in Weight Watchers Intl Inc New for a number of months, seems to be bullish on the $4.11 billion market cap company. The lowest price the stock reached in the last trading day was $1.22 and compares with the $1.10 52-week low. The average volume was noted at 4629.41K shares while its relative volume was seen at 1.71. Internap Corporation (NASDAQ:INAP) has risen 55.77% since March 13, 2017 and is uptrending. It has outperformed by 0.96% the S&P500.

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. Three equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. The institutional investor held 6,057 shares of the oil & gas production company at the end of 2017Q3, valued at $388,000, down from 13,072 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 $48.89 billion market cap company. The stock increased 5.35% or $0.13 during the last trading session, reaching $2.56.

Bancorpsouth Inc holds 7.05% of its portfolio in Murphy USA Inc. for 1.04 million shares. It has underperformed by 35.67% the S&P500.

Analysts expect NanoString Technologies, Inc. (NASDAQ:AMAT) to report earnings on May, 17. Pnc Finance Services invested in 0% or 1,000 shares. MUSA's profit will be $15.24 million for 42.56 P/E if the $0.45 EPS becomes a reality.

Oxy has been using CO2 flooding in its conventional Permian Basin wells for about 20 years, and it now has 34 CO2 floods, 2,500 miles of CO2 pipeline and 12 CO2 separation and recycling facilities, CEO Vicki Hollub said at CERAWeek by IHS Markit on March 6. The Stock has YTD (year to date) performance of -13.26 percent.

Hussman Strategic Advisors Inc, which manages about $2.11 billion and $413.01 million US Long portfolio, decreased its stake in Anglogold Ashanti Ltd (NYSE:AU) by 125,000 shares to 325,000 shares, valued at $3.02 million in 2017Q3, according to the filing. The rating was maintained by Jefferies on Thursday, June 22 with "Hold". Therefore 50% are positive. Applied Materials Inc. had 117 analyst reports since August 4, 2015 according to SRatingsIntel. The company was maintained on Wednesday, October 11 by Barclays Capital. The firm has "Hold" rating given on Tuesday, November 21 by Piper Jaffray. RBC Capital Markets maintained the stock with "Buy" rating in Sunday, October 22 report. 678,967 are owned by Morgan Stanley. (NASDAQ:AMAT) on Friday, November 17 with "Overweight" rating.

Among 10 analysts covering Internap Corp (NASDAQ:INAP), 5 have Buy rating, 0 Sell and 5 Hold. If you are reading this piece on another publication, it was stolen and republished in violation of US & worldwide trademark & copyright laws. (NASDAQ:AMAT) earned "Buy" rating by Susquehanna on Thursday, February 15. The firm has "Neutral" rating given on Wednesday, January 4 by Bank of America. The stock has "Hold" rating by Jefferies on Wednesday, December 20. On Friday, August 18 the stock rating was maintained by Nomura with "Buy".

Investors sentiment increased to 1.14 in 2017 Q3. Its up 0.24, from 0.82 in 2017Q2. It improved, as 43 investors sold BG shares while 113 reduced holdings. 18 funds opened positions while 37 raised stakes. Willis Counsel reported 385,100 shares. Massachusetts Financial Services Company Ma holds 0.26% or 9.46M shares. One Ltd Liability Corporation holds 0.04% or 3,170 shares. Dupont Capital Management holds 366,742 shares or 0.43% of its portfolio. Moreover, Barclays Pcl has 0% invested in Sears Holdings Corporation (NASDAQ:SHLD). (NASDAQ:AMAT) for 11,600 shares. Tower Research Capital Ltd Liability (Trc) has invested 0.01% in Bunge Limited (NYSE:BG). First Tru Advsrs Limited Partnership reported 75,753 shares. Banque Pictet & Cie owns 95,284 shares for 0.14% of their portfolio. The company was maintained on Thursday, September 3 by IBC. Cranbrook Wealth Ltd Llc reported 902 shares stake. Marathon Asset Mgmt Llp owns 942,099 shares or 1.08% of their United States portfolio. Cornerstone Mgmt Limited Liability Corp has 577,876 shares for 0.24% of their portfolio. Therefore 81% are positive. Analysts have placed a $77.83 price target on Occidental Petroleum Corporation, suggesting a 21.82% gain from recent close. The stock of Occidental Petroleum Corporation (NYSE:OXY) has "Equal-Weight" rating given on Wednesday, January 24 by Morgan Stanley. Cowen & Co maintained Occidental Petroleum Corporation (NYSE:OXY) rating on Thursday, January 18. The stock has "Hold" rating by Jefferies on Friday, July 28. The rating was downgraded by Oppenheimer to "Perform" on Friday, September 25. The rating was maintained by Piper Jaffray with "Hold" on Thursday, August 10.

Investors sentiment increased to 0.93 in Q3 2017. Its up 0.26, from 0.8 in 2017Q2. It dived, as 59 investors sold OXY shares while 338 reduced holdings. 89 funds opened positions while 264 raised stakes. Company fiscal year is ending in December and analysts' consensus recommendation is Hold for OXY and estimated EPS for next quarter is 0.64.

Occidental Petroleum (NYSE:OXY) last posted its quarterly earnings results on Tuesday, February 13th. Ellington Group Limited Liability Company invested 0.04% in Occidental Petroleum Corporation (NYSE:OXY). Cap Advsr Ok holds 0.02% or 3,861 shares in its portfolio. California Public Employees Retirement System now owns 2,047,285 shares of the oil and gas producer's stock worth $131,456,000 after purchasing an additional 64,533 shares during the period. (NYSE OXY) traded up $0.63 during trading on Tuesday, hitting $64.52. Dodge Cox holds 0.17% or 3.23 million shares.