As Occidental Pete Corp Del (OXY) Share Value Declined, Epoch Investment Partners INC Lifted Its Position by $26.76 Million

July 17, 2017 - By Ellis Scott

Investors sentiment decreased to 1.03 in Q4 2016. Its down 0.01, from 1.04 in 2016Q3. It fall, as 66 investors sold OXY shares while 349 reduced holdings. 87 funds opened positions while 340 raised stakes. 608.36 million shares or 0.76% more from 603.77 million shares in 2016Q3 were reported. Swiss Bank reported 2.32M shares stake. 25,681 are owned by Bryn Mawr Trust. Commonwealth Equity Serv Incorporated owns 0.04% invested in Occidental Petroleum Corporation (NYSE:OXY) for 68,367 shares. Etrade Limited Liability Company holds 0.14% of its portfolio in Occidental Petroleum Corporation (NYSE:OXY) for 43,309 shares. Quantum Management accumulated 8,537 shares or 0.16% of the stock. California-based California State Teachers Retirement Systems has invested 0.24% in Occidental Petroleum Corporation (NYSE:OXY). Homrich Berg reported 0.04% stake. Kistler has 713 shares. Oregon Public Employees Retirement Fund invested in 0.12% or 79,629 shares. Invesco has 9.07 million shares. Hartford Mngmt Communications accumulated 185,364 shares. Valley Advisers Incorporated reported 155 shares stake. Whittier Tru has invested 0.04% in Occidental Petroleum Corporation (NYSE:OXY). Victory Capital Inc invested in 447,685 shares. Sg Americas Secs Ltd Limited Liability Company invested 0.1% in Occidental Petroleum Corporation (NYSE:OXY).

Since January 24, 2017, it had 2 insider purchases, and 13 selling transactions for $2.31 million activity. Shares for $254,060 were sold by CHAZEN STEPHEN I on Tuesday, April 4. Hollub Vicki A. bought 15,000 shares worth $940,800.

Epoch Investment Partners Inc increased its stake in Occidental Pete Corp Del (OXY) by 6.15% based on its latest 2016Q4 regulatory filing with the SEC. Epoch Investment Partners Inc bought 376,933 shares as the company’s stock declined 8.50% while stock markets rallied. The institutional investor held 6.51M shares of the oil & gas production company at the end of 2016Q4, valued at $463.76 million, up from 6.13M at the end of the previous reported quarter. Epoch Investment Partners Inc who had been investing in Occidental Pete Corp Del for a number of months, seems to be bullish on the $46.51B market cap company. The stock rose 1.14% or $0.68 reaching $60.5 per share. About 1.56M shares traded. Occidental Petroleum Corporation (NYSE:OXY) has declined 18.97% since July 17, 2016 and is downtrending. It has underperformed by 35.67% the S&P500.

Epoch Investment Partners Inc, which manages about $43.62 billion and $26.64 billion US Long portfolio, decreased its stake in Visteon Corp (NYSE:VC) by 177,184 shares to 554,673 shares, valued at $44.56 million in 2016Q4, according to the filing. It also reduced its holding in Seagate Technology Plc (NASDAQ:STX) by 4.24M shares in the quarter, leaving it with 6.54M shares, and cut its stake in Bio Rad Labs Inc (NYSE:BIO).

More notable recent Occidental Petroleum Corporation (NYSE:OXY) news were published by: Seekingalpha.com which released: “Occidental’s Permian Deal Is Great, But Times Are Tough” on June 22, 2017, also Seekingalpha.com with their article: “Can Occidental Petroleum Outperform Amid The Turmoil?” published on June 25, 2017, Barrons.com published: “Why Occidental Petroleum Could Tumble 20%” on June 20, 2017. More interesting news about Occidental Petroleum Corporation (NYSE:OXY) were released by: Marketwatch.com and their article: “Occidental Petroleum raises dividend by a penny” published on July 13, 2017 as well as Seekingalpha.com‘s news article titled: “Occidental Petroleum: Tough Sledding” with publication date: June 27, 2017.

Occidental Petroleum Corporation (NYSE:OXY) Ratings Coverage

Among 20 analysts covering Occidental Petroleum Corporation (NYSE:OXY), 5 have Buy rating, 1 Sell and 14 Hold. Therefore 25% are positive. Occidental Petroleum Corporation had 51 analyst reports since August 3, 2015 according to SRatingsIntel. The firm has “Neutral” rating given on Wednesday, January 4 by Bank of America. Morgan Stanley downgraded the stock to “Equal-Weight” rating in Monday, June 13 report. On Wednesday, March 15 the stock rating was upgraded by Bank of America to “Buy”. The rating was maintained by RBC Capital Markets on Friday, July 31 with “Sector Perform”. The stock of Occidental Petroleum Corporation (NYSE:OXY) has “Buy” rating given on Thursday, October 6 by Mizuho. Barclays Capital maintained the shares of OXY in report on Thursday, July 14 with “Underweight” rating. The rating was downgraded by Jefferies to “Hold” on Tuesday, January 12. The firm earned “Buy” rating on Tuesday, December 15 by Credit Agricole. The firm has “Sector Perform” rating by RBC Capital Markets given on Thursday, October 29. Mizuho downgraded the shares of OXY in report on Monday, February 13 to “Neutral” rating.

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