Occidental Petroleum Corp (OXY) Shareholder United Capital Financial Advisers LLC Has Lifted Position by $4.37 Million as Stock Price Declined

December 7, 2017 - By Louis Casey

Investors sentiment decreased to 0.95 in Q2 2017. Its down 0.08, from 1.03 in 2017Q1. It dropped, as 82 investors sold OXY shares while 326 reduced holdings. 72 funds opened positions while 315 raised stakes. 607.21 million shares or 0.72% less from 611.64 million shares in 2017Q1 were reported. 771,288 were accumulated by Alps. Fayez Sarofim owns 1.80 million shares. Amer Interest Gp invested in 341,965 shares. Prentiss Smith And Co invested in 0.02% or 776 shares. 1.77 million are owned by Flossbach Von Storch Ag. 12,024 were accumulated by Cohen Mgmt Inc. 33,983 were reported by 10. Meyer Handelman holds 174,600 shares or 0.44% of its portfolio. Commonwealth Equity Serv Inc has invested 0.03% in Occidental Petroleum Corporation (NYSE:OXY). Blue Chip accumulated 70,785 shares. Fiduciary Tru owns 31,221 shares or 0.06% of their US portfolio. Koshinski Asset Mngmt Incorporated holds 0% or 17,061 shares in its portfolio. Verition Fund Mngmt has invested 0.07% in Occidental Petroleum Corporation (NYSE:OXY). Tru Of Oklahoma invested in 0% or 3,450 shares. Visionary Asset Mgmt reported 44,747 shares.

United Capital Financial Advisers Llc increased its stake in Occidental Petroleum Corp (OXY) by 40.92% based on its latest 2017Q2 regulatory filing with the SEC. United Capital Financial Advisers Llc bought 74,136 shares as the company’s stock declined 8.50% while stock markets rallied. The institutional investor held 255,293 shares of the oil & gas production company at the end of 2017Q2, valued at $15.28 million, up from 181,157 at the end of the previous reported quarter. United Capital Financial Advisers Llc who had been investing in Occidental Petroleum Corp for a number of months, seems to be bullish on the $53.12 billion market cap company. The stock increased 0.20% or $0.14 during the last trading session, reaching $69.41. About 3.81M shares traded. Occidental Petroleum Corporation (NYSE:OXY) has declined 18.97% since December 7, 2016 and is downtrending. It has underperformed by 35.67% the S&P500.

United Capital Financial Advisers Llc, which manages about $9.56B and $11.17 billion US Long portfolio, decreased its stake in Powershares Dwa Utilities Momentum Etf (PUI) by 331,647 shares to 376,151 shares, valued at $10.36 million in 2017Q2, according to the filing. It also reduced its holding in Skyworks Solutions Inc (NASDAQ:SWKS) by 114,016 shares in the quarter, leaving it with 11,088 shares, and cut its stake in Ishares U.S. Energy Etf (IYE).

More notable recent Occidental Petroleum Corporation (NYSE:OXY) news were published by: Seekingalpha.com which released: “Occidental Petroleum: The Undisputed King Of CO2 Enhanced Oil Recovery” on November 15, 2017, also Seekingalpha.com with their article: “Occidental Petroleum: The Cash Flow Deficit Is Not A Red Flag For This 4.5 …” published on November 14, 2017, Seekingalpha.com published: “Will Q3 Strong Results Drive Occidental Stock Even Higher?” on November 10, 2017. More interesting news about Occidental Petroleum Corporation (NYSE:OXY) were released by: Nasdaq.com and their article: “Occidental Petroleum Corporation (OXY) Ex-Dividend Date Scheduled for December …” published on December 07, 2017 as well as Zacks.com‘s news article titled: “How Occidental Petroleum (OXY) Stock Stands Out in a Strong Industry December …” with publication date: December 04, 2017.

Occidental Petroleum Corporation (NYSE:OXY) Ratings Coverage

Among 21 analysts covering Occidental Petroleum Corporation (NYSE:OXY), 6 have Buy rating, 2 Sell and 13 Hold. Therefore 29% are positive. Occidental Petroleum Corporation had 73 analyst reports since August 3, 2015 according to SRatingsIntel. As per Thursday, July 14, the company rating was maintained by Barclays Capital. The rating was maintained by Jefferies with “Hold” on Thursday, October 19. The stock of Occidental Petroleum Corporation (NYSE:OXY) has “Neutral” rating given on Friday, December 16 by Goldman Sachs. The stock of Occidental Petroleum Corporation (NYSE:OXY) has “Outperform” rating given on Monday, August 3 by Oppenheimer. The stock of Occidental Petroleum Corporation (NYSE:OXY) has “Outperform” rating given on Tuesday, March 14 by Credit Suisse. As per Friday, August 4, the company rating was maintained by Barclays Capital. The company was maintained on Monday, April 3 by Jefferies. The rating was maintained by BMO Capital Markets with “Hold” on Wednesday, June 21. The company was downgraded on Tuesday, January 12 by Jefferies. As per Monday, November 6, the company rating was maintained by BMO Capital Markets.

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