Economy

Twin Tree Management LP Buys New Stake in Occidental Petroleum Corporation (OXY)

Sasco Capital Inc bought 215,290 shares as the company's stock declined 8.50% while stock markets rallied. Federated Investors Inc. PA now owns 7,569,462 shares of the oil and gas producer's stock worth $453,184,000 after buying an additional 1,152,152 shares in the last quarter. The shares were bought at an average price of $61.58 per share, for a total transaction of $615,800.00. OXY trades with a P/S ratio of 4.1. Occidental Petroleum Corporation has a 52-week low of $57.20 and a 52-week high of $75.60.

Fourpoints Investment Managers Sas increased its stake in Wabtec Corp (WAB) by 21.95% based on its latest 2016Q4 regulatory filing with the SEC. Shares have dropped -45.59% over the trailing 6 months. Following the completion of the purchase, the director now directly owns 70,692 shares in the company, valued at approximately $4,353,213.36. Institutional investors own 80.57% of the company's stock. Corporate insiders own 0.32% of the company's stock. About 3.18M shares traded. It also reduced its holding in Royal Dutch Shell Plc by 97,459 shares in the quarter, leaving it with 4.81 million shares, and cut its stake in Home Depot Inc (NYSE:HD).

Investors sentiment decreased to 1.03 in 2016 Q4. Its up 0.10, from 1.12 in 2016Q3.

Want to see what other hedge funds are holding OXY? 87 funds opened positions while 340 raised stakes. Gabelli Funds Ltd reported 332,100 shares or 0.14% of all its holdings.

Boasting a price of $59.95, Occidental Petroleum Corporation (NYSE:OXY) traded 0.73% higher on the day. Howe And Rusling reported 3,214 shares. Finally, Parallel Advisors LLC purchased a new position in Occidental Petroleum Corporation during the fourth quarter valued at about $121,000. Wells Fargo Com Mn invested in 2.97 million shares or 0.07% of the stock. Grimes And has invested 0.44% in Occidental Petroleum Corporation (NYSE:OXY). Barclays Capital maintained the shares of OXY in report on Friday, April 21 with "Sell" rating. Tdam Usa owns 309,306 shares.

Occidental Petroleum Corporation (NYSE:OXY) last posted its earnings results on Wednesday, August 2nd. Liberty Mutual Grp Asset Mngmt has 54,309 shares. Tower Research Cap Limited Liability (Trc) invested in 27,623 shares. Marshall Wace Limited Liability Partnership, United Kingdom-based fund reported 139,249 shares.

Occidental Petroleum Corporation (NYSE:OXY) shares were trading higher by 0.73 percent ($0.45) at $61.8 a piece in Monday's session. Seekingalpha.com's article titled: "4 Reasons Why You Should Consider Occidental Petroleum" and published on August 28, 2017 is yet another important article. The rating was maintained by BMO Capital Markets with "Hold" on Friday, September 1. Cowen and Company reissued a "buy" rating and set a $75.00 price objective on shares of Occidental Petroleum Corporation in a research report on Tuesday, August 22nd. Therefore 33% are positive. Occidental Petroleum Corporation had 60 analyst reports since August 3, 2015 according to SRatingsIntel. The firm earned "Hold" rating on Thursday, August 24 by Piper Jaffray. The company was downgraded on Thursday, December 17 by Iberia Capital Partners. BMO Capital Markets maintained the stock with "Hold" rating in Friday, June 9 report. Of the analysts surveyed by Reuters that track Schlumberger Limited 10 of them rate its stock a hold. Sir Mngmt Lp has invested 0.31% in Occidental Petroleum Corporation (NYSE:OXY). PiperJaffray upgraded the stock to "Overweight" rating in Tuesday, July 19 report. Zacks Investment Research lowered shares of Occidental Petroleum Corporation from a "hold" rating to a "sell" rating in a research note on Tuesday, July 11th. Buys Fortive Corp, Diamond Offshore Drilling Inc ..." with publication date: "September 07, 2017.

Investors sentiment increased to 1.22 in Q4 2016. 25 funds opened positions while 62 raised stakes. Independent Port Consultants reported 0.26% stake. Hanson Mcclain Inc has invested 0% of its portfolio in Westinghouse Air Brake Technologies Corp (NYSE:WAB). Ledyard Bancshares holds 0% or 68 shares in its portfolio. Kanaly Com holds 0.01% or 510 shares. Advsrs Asset Management accumulated 0.29% or 246,207 shares. Raymond James Financial Svcs Advsr has 10,596 shares for 0.01% of their portfolio. Homrich Berg invested in 0.04% or 5,723 shares.

The company reported its EPS on 6/29/2017. Swiss Bancorp owns 64,300 shares or 0% of their U.S. portfolio. Blackrock Invest Management Lc invested in 0.03% or 341,644 shares. Usca Ria Limited reported 0.3% stake. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company. The stock of Boise Cascade Co (NYSE:BCC) has "Buy" rating given on Thursday, September 22 by Goldman Sachs. The rating was upgraded by William Blair on Wednesday, December 21 to "Outperform". The stock has "Underweight" rating by JP Morgan on Monday, September 12. The firm has a market capitalization of $47.25 billion, a price-to-earnings ratio of 435.21 and a beta of 0.66. The company was maintained on Wednesday, October 26 by Wolfe Research.

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