Economy

The Research Analysts' Recent Ratings Changes for Occidental Petroleum Corporation (OXY)

The fund owned 15,000 shares of the oil and gas producer's stock at the close of the second quarter. The hedge fund run by Andrew Hall held 1.21 million shares of the oil & gas production company at the end of 2016Q4, valued at $86.19 million, up from 980,000 at the end of the previous reported quarter. The company has market cap of $1.56 billion. Morgan Stanley now owns 9,249,261 shares of the oil and gas producer's stock valued at $586,034,000 after buying an additional 1,672,384 shares during the last quarter. About 100 shares traded.

Shares of Occidental Petroleum Corporation (OXY) opened at 61.62 on Thursday. It has underperformed by 35.67% the S&P500. Insiders own 0.32% of the company's stock. Following the transaction, the director now owns 70,692 shares in the company, valued at approximately $4,353,213.36.

A number of equities analysts recently commented on the company. About 6,812 shares traded. It is down 18.97% since September 7, 2016 and is downtrending. It has outperformed by 37.78% the S&P500. Cypress Asset Mgmt Inc Tx reported 1.01% stake. More interesting news about Goldman Sachs Group Inc (NYSE:GS) were released by: Businessinsider.com and their article: "Goldman Sachs is looking to hire senior dealmakers as part of 'a shift towards ..." published on August 31, 2017 as well as Wsj.com's news article titled: "Goldman Sachs Halts Work on IPO for Unit of China's HNA Over Ownership Concerns" with publication date: September 06, 2017. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company's stock. Therefore 44% are positive. Barclays PLC set a $38.00 target price on Occidental Petroleum Corporation and gave the stock a "sell" rating in a research report on Friday, August 4th. Finally, Bank of New York Mellon Corp increased its holdings in Occidental Petroleum Corporation by 2.7% in the first quarter. The firm has "Buy" rating by Oppenheimer given on Tuesday, July 18. The rating was maintained by Piper Jaffray on Thursday, August 10 with "Hold". The rating was upgraded by Nomura on Monday, January 25 to "Buy". As per Tuesday, September 22, the company rating was downgraded by Zacks. Mizuho initiated it with "Buy" rating and $83 target in Thursday, October 6 report. On Wednesday, August 12 the stock rating was maintained by Deutsche Bank with "Hold". The Highfields Capital Management Lp holds 15.00 million shares with $123.60 million value, up from 13.00M last quarter. It also reduced Aercap Holdings Nv (NYSE:AER) stake by 2.08 million shares and now owns 1.51 million shares.

Investors sentiment decreased to 0.78 in Q4 2016. Its up 0.02, from 0.86 in 2016Q3. It is positive, as 65 investors sold GS shares while 424 reduced holdings. S Muoio & Co Limited Liability Corporation reported 292,000 shares stake. Farr Miller & Washington Ltd Llc Dc has invested 4.02% of its portfolio in Goldman Sachs Group Inc (NYSE:GS). Finally, Jefferies Group LLC reaffirmed a "hold" rating and set a $64.00 target price on shares of Occidental Petroleum Corporation in a research report on Friday, June 23rd. Wealthtrust Axiom Lc owns 34,000 shares. 200,400 are owned by Teachers Insur And Annuity Association Of America. Winfield Assocs stated it has 5,330 shares. Patriot Wealth holds 0.67% or 49,589 shares in its portfolio. Pinnacle Associates Ltd has 0.05% invested in Occidental Petroleum Corporation (NYSE:OXY) for 33,463 shares. Oakwood Capital Mngmt Lc Ca invested in 1.15% or 62,864 shares. First Eagle Invest Management accumulated 0% or 2,522 shares. Thrivent For Lutherans holds 0.01% or 27,446 shares. State Common Retirement Fund holds 0.22% or 2.14M shares. Occidental Petroleum Corporation has a 12 month low of $57.20 and a 12 month high of $77.90. The ex-dividend date of this dividend is Friday, September 8th.

In other news, Director William R. Klesse acquired 10,000 shares of the business's stock in a transaction on Wednesday, August 9th.

Federated Investors Inc. PA now owns 7,569,462 shares of the oil and gas producer's stock valued at $453,184,000 after buying an additional 1,152,152 shares during the last quarter. The stock increased 1.48% or $0.9 during the last trading session, reaching $61.62. It dived, as 66 investors sold Occidental Petroleum Corporation shares while 349 reduced holdings. 87 funds opened positions while 431 raised stakes. Private Asset Management Inc has 61,195 shares. Century Inc holds 8.20 million shares. Eastern Bancorp holds 26,918 shares or 0.15% of its portfolio. The Texas-based Sunbelt has invested 0% in Occidental Petroleum Corporation (NYSE:OXY). Lazard Asset Management Limited Liability Com has 0.13% invested in Occidental Petroleum Corporation (NYSE:OXY). Fmr Llc stated it has 441,571 shares or 0% of all its holdings.

Highfields Capital Management Lp increased Rite Aid Corp (RAD) stake by 15.38% reported in 2016Q4 SEC filing. The company's quarterly revenue was up 40.9% compared to the same quarter past year. 82,283 are owned by Capital Planning Advsrs Ltd.

285,769 are held by First Manhattan. On average, analysts forecast that Occidental Petroleum Corporation will post $0.67 EPS for the current fiscal year. Bedrijfstakpensioenfonds Voor De Media Pno reported 13,400 shares. Lord Abbett And Llc reported 0.49% in Occidental Petroleum Corporation (NYSE:OXY). Btc Cap Management reported 26,157 shares. Occidental Petroleum Corporation's payout ratio is 2,338.46%. Dnb Asset As has invested 0% in Occidental Petroleum Corporation (NYSE:OXY). Jefferies maintained the shares of OXY in report on Monday, April 3 with "Hold" rating. The firm has "Neutral" rating given on Monday, May 9 by JP Morgan. The firm earned "Hold" rating on Wednesday, June 21 by BMO Capital Markets. Cowen and Company reissued a "buy" rating and issued a $75.00 target price on shares of Occidental Petroleum Corporation in a research report on Tuesday, August 22nd. BMO Capital Markets initiated the stock with "Outperform" rating in Tuesday, September 29 report. $101,745 worth of Occidental Petroleum Corporation (NYSE:OXY) was bought by BURGHER CEDRIC W. $940,800 worth of stock was bought by Hollub Vicki A. on Monday, March 13.



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