Occidental Petroleum Corp Big Money Sentiment Up in 2018 Q1 touching 0.99

June 27, 2018 - By Mark Williams

Occidental Petroleum Corporation (NYSE:OXY) Corporate Logo

Occidental Petroleum Corp’s Sentiment

In Q1 2018 Occidental Petroleum Corp (NYSE:OXY) big money sentiment increased to 0.99, SEC.gov filings reveal. So its up 0.06, from 2017Q4’s 0.93. 394 investment professionals opened new or increased stock positions, while 400 cut down and sold their stakes in Occidental Petroleum Corp so the sentiment is better. These funds own 604.35 million shares, that’s down from 613.25 million shares in 2017Q4. Funds holding Occidental Petroleum Corp in top 10 changed to 15 from 16 for a decrease of 1. In total 65 funds closed positions, 335 reduced and 280 increased. Also 114 funds bought new Occidental Petroleum Corp stakes.

Most Occidental Petroleum Corp Investors

As of Q1 2018 Adams Asset Advisors Llc has 55.63% invested in Occidental Petroleum Corp. As of Q1 2018, 90,000 shares of Occidental Petroleum Corp are owned by Paragon Associates & Paragon Associates Ii Joint Venture. Further, Tide Point Capital Management Lp reported 1.26 million shares in Occidental Petroleum Corp equivalent to 6.26% of its equity exposure. Perigon Wealth Management Llc revealed 204,361 shares position in Occidental Petroleum Corp. The New York-based fund Arosa Capital Management Lp looks positive on Occidental Petroleum Corp, owning 436,989 shares.

Occidental Petroleum Corporation engages in the acquisition, exploration, and development of gas and oil properties in the United States and internationally.The firm is valued at $63.31 billion. The firm operates in three divisions: Oil and Gas, Chemical, and Midstream and Marketing.33.47 is the P/E ratio. The Oil and Gas segment explores for, develops, and produces oil and condensate, natural gas liquids , and natural gas.

OXY is hitting $82.68 during the last trading session, after increased 1.63%.Occidental Petroleum Corporation has volume of 3.42M shares. Since June 27, 2017 OXY has risen 35.73% and is uptrending. OXY outperformed the S&P 500 by 23.16%.

On August, 1 Occidental Petroleum Corporation (NYSE:OXY)’s earnings release is awaited by WallStreet, according to Zacks. EPS of $1.09 is 626.67 % up from 2017’s $0.15 EPS. The profit will be $834.69 million for OXY if $1.09 EPS becomes true. Analysts at Wall Street see Occidental Petroleum Corporation’s 18.48 % EPS growth compared to $0.92 EPS for last quarter.

4,140 were accumulated by Pinnacle Financial Prtnrs. 27,923 are owned by Stellar Mgmt Limited Liability Company. Everence Cap Mngmt Incorporated holds 0.59% or 41,350 shs in its capital. Stevens Mngmt L P holds 0.77% in Occidental Petroleum Corporation (NYSE:OXY) or 312,000 shs. Fuller And Thaler Asset Mgmt invested in 0% or 1,500 shs. Amp Capital stated it has 0.08% in Occidental Petroleum Corporation (NYSE:OXY). Oakworth Capital has 0.03% invested in Occidental Petroleum Corporation (NYSE:OXY). Rodgers Brothers, Pennsylvania-based fund reported 3,361 shs. Cibc Natl Bank Usa has invested 0.38% in Occidental Petroleum Corporation (NYSE:OXY). Exxonmobil Invest Mngmt Inc Tx has 0.22% invested in Occidental Petroleum Corporation (NYSE:OXY). Chicago Equity Lc accumulated 21,120 shs or 0.04% of the stock. Summit Fincl Wealth Advsrs Limited Company holds 0.77% in Occidental Petroleum Corporation (NYSE:OXY) or 16,030 shs. Payden & Rygel owns 1,300 shs for 0.01% of their capital. 4,844 are owned by Asset Of Georgia Incorporated Ga Adv. Transamerica, Florida-based fund reported 42 shs.

Occidental Petroleum Corporation (NYSE:OXY) Ratings Coverage

Total analysts of 16 have positions in Occidental Petroleum (NYSE:OXY) as follows: 9 rated it a “Buy”, 0 with “Sell” and 7 with “Hold”. The positive are 56%. The firm has $102 highest while $71 is the lowest target. The average target $84.33 is 2.00% above the last ($82.68) price. Since January 4, 2018 according to StockzIntelligence Inc Occidental Petroleum has 22 analyst reports. On Monday, May 21 the firm earned “Outperform” rating by Scotia Capital. On Thursday, January 18 Cowen & Co maintained Occidental Petroleum Corporation (NYSE:OXY) with “Buy” rating. In Wednesday, May 9 report Credit Suisse maintained it with “Neutral” rating and $80 target. The company rating was upgraded by Citigroup on Monday, January 22. The company rating was maintained by JP Morgan on Thursday, February 15. On Monday, April 16 PiperJaffray upgraded the shares of OXY in report to “Overweight” rating. On Monday, February 26 the stock has “Hold” rating by BMO Capital Markets. On Thursday, January 4 Bank of America downgraded the shares of OXY in report to “Neutral” rating. On Thursday, January 11 the stock has “Hold” rating by BMO Capital Markets. On Friday, March 23 the rating was upgraded by Deutsche Bank to “Buy”.

A couple more Occidental Petroleum Corporation (NYSE:OXY) news were brought out by: Benzinga.com which released on June 05, 2018 “Occidental To Benefit From Likely Widening In Midland-MEH Spread, Citi Says In Upgrade”, also Seekingalpha.com on June 04, 2018 brought out “All Aboard The Occidental Petroleum Train”, the next Investorplace.com is “5 All-Star Dividend Stocks for Any Portfolio” on June 26, 2018. Seekingalpha.com has article titled “Ecopetrol has no restart date for Cano Limon pipeline, shut since January”.

Occidental Petroleum Corporation (NYSE:OXY) Institutional Investors Chart

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