Occidental Petroleum Corporation (OXY) Stake Lowered by KBC Group NV

Galtero Lara
Diciembre 7, 2017

Occidental Petroleum Co. has a 52 week low of $57.20 and a 52 week high of $78.48.

The stock decreased 1.10% or $1.68 during the last trading session, reaching $150.61. About 1.07M shares traded. It has underperformed by 35.67% the S&P500.

Merriman Wealth Management Llc increased its stake in Occidental Pete Corp Del (OXY) by 10.43% based on its latest 2017Q2 regulatory filing with the SEC. Sasco Capital Inc sold 56,170 shares as Occidental Petroleum (OXY)'s stock declined 8.50%. Xpo Logistics Inc now has $9.16B valuation. Cap reported 3.00 million shares. UnitedHealth Group Incorporated (NYSE:UNH) has risen 32.76% since December 6, 2016 and is uptrending. It has outperformed by 0.72% the S&P500.

The consensus recommendation - averaging the work of 24 analysts - of 2.6 for Occidental Petroleum Corporation (OXY) points to moderate case. Therefore 29% are positive. The company presently has a consensus rating of "Hold" and an average target price of $67.27. Goldman Sachs Group upgraded shares of Occidental Petroleum from a "neutral" rating to a "buy" rating in a research report on Friday, November 17th. The rating was maintained by Jefferies on Friday, October 6 with "Hold". FBR Capital maintained it with "Outperform" rating and $130 target in Thursday, November 19 report. BMO Capital Markets maintained the shares of OXY in report on Wednesday, June 21 with "Hold" rating.

Among 21 analysts covering Coca-Cola (NYSE:KO), 10 have Buy rating, 1 Sell and 10 Hold. The firm has "Hold" rating given on Friday, August 5 by Deutsche Bank. Jefferies maintained the stock with "Hold" rating in Tuesday, August 29 report. Checchi Capital Advisers Limited Co owns 5,940 shares.

More notable recent Occidental Petroleum Corporation (NYSE:OXY) news were published by: Seekingalpha.com which released: "Will Q3 Strong Results Drive Occidental Stock Even Higher?" on November 10, 2017, also Seekingalpha.com with their article: "Occidental Petroleum: The Undisputed King Of CO2 Enhanced Oil Recovery" published on November 15, 2017, Seekingalpha.com published: "Occidental Petroleum: Momentum Is Rising And 4.4% Dividend Yield Still Attractive" on December 05, 2017. They expect this year's earnings to fall -175.25% year-over-year to $0.76, followed by 102.63% growth in the next year to $1.54. OXY's profit will be $206.62 million for 64.77 P/E if the $0.27 EPS becomes a reality. Iowa Bankshares, a Iowa-based fund reported 5,400 shares.

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Suntrust Banks Inc decreased Abm Inds Inc (NYSE:ABM) stake by 7,868 shares to 18,715 valued at $777,000 in 2017Q2. Jpmorgan Chase And reported 3.20M shares. Microsoft Corp (NASDAQ:MSFT) was reduced too.

Investors sentiment increased to 1.58 in Q2 2017. The company has a quick ratio of 0.95, a current ratio of 1.11 and a debt-to-equity ratio of 0.45. Dimensional Fund Advisors LP raised its stake in shares of Occidental Petroleum by 12.3% during the 3rd quarter. The oil and gas producer reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.01. Occidental Petroleum Corporation (NYSE:OXY) has declined 18.97% since December 6, 2016 and is downtrending. Selz Capital Ltd Liability Corporation reported 20,000 shares stake. Roosevelt Gp owns 120,787 shares. D E Shaw Co Incorporated holds 0% of its portfolio in Occidental Petroleum Corporation (NYSE:OXY) for 34,039 shares.

Dynamo Internacional Gestao De Recursos Ltda. holds 25.45% of its portfolio in Praxair, Inc. for 1.34 million shares. Cubist Systematic Strategies Ltd Limited Liability Company reported 58,489 shares. The rating was maintained by BMO Capital Markets on Wednesday, September 6 with "Hold". 483,339 are owned by Aberdeen Asset Mgmt Pcl Uk. Endurance Wealth Mgmt Inc accumulated 119,576 shares. Can grew its position in Occidental Petroleum Corporation (NYSE:OXY) by 2.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). Baskin Finance Services Inc holds 146,363 shares. Brown Advisory Ltd Com invested in 0.13% or 9,394 shares. The institutional investor owned 158,731 shares of the oil and gas producer's stock after selling 685,209 shares during the period. Los Angeles Equity Rech owns 0.02% invested in XPO Logistics, Inc. It also reduced Emerson Elec Co (NYSE:EMR) stake by 16,775 shares and now owns 129,879 shares. This is an increase of approximately 347% compared to the typical daily volume of 1,543 put options. Its up 0.30, from 0.03 in 2017Q1. Tiaa Cref Management Lc invested in 0.01% or 388,910 shares. 99 funds opened positions while 89 raised stakes. Northeast Inv reported 7,093 shares. Asset Advisors holds 73,115 shares. Investors who are keeping close eye on the stock of Ralph Lauren Corporation (NYSE:RL) established that the company was able to keep return on investment at 1.74 in the trailing twelve month while Reuters data showed that industry's average stands at 12.77 and sector's optimum level is -65.76. Meiji Yasuda Asset Company Limited reported 0.15% stake. Highbridge Mngmt Ltd reported 0.17% in Costco Wholesale Corporation (NASDAQ:COST). Driehaus Cap Limited Liability Company holds 46,871 shares. Wealthtrust reported 250 shares. New York State Teachers Retirement System reported 1.26 million shares. The New York-based Fagan Associate has invested 1.24% in XPO Logistics, Inc. Gam Hldgs Ag accumulated 126,762 shares. Ramsay Stattman Vela And Price Incorporated holds 3.15% or 161,367 shares.

Ratings analysis reveals 50% of Praxair's analysts are positive. Coca-Cola had 63 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned "Outperform" rating on Wednesday, September 2 by Oppenheimer. UBS maintained the stock with "Neutral" rating in Thursday, August 4 report. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the stock. The stock has "Outperform" rating by RBC Capital Markets on Thursday, February 23. Oppenheimer maintained Costco Wholesale Corporation (NASDAQ:COST) rating on Thursday, August 31. The stock has "Buy" rating by Needham on Thursday, October 12. The firm earned "Peer Perform" rating on Friday, April 29 by Wolfe Research. (NYSE:XPO) to report earnings on February, 20. The firm has "Buy" rating by Benchmark given on Thursday, November 5. Citigroup maintained XPO Logistics, Inc. The stock has "Hold" rating by Jefferies on Friday, November 3.

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