As Occidental Petroleum Corp (OXY) Stock Price Declined, United Capital Financial Advisers LLC Has Raised by $4.37 Million Its Holding

December 7, 2017 - By Peter Erickson

Investors sentiment decreased to 0.95 in Q2 2017. Its down 0.08, from 1.03 in 2017Q1. It fall, 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. Pub Employees Retirement Association Of Colorado holds 0.06% or 146,949 shares. Copper Rock Prtnrs Limited Com reported 3,684 shares stake. Sasco Inc Ct accumulated 2.23M shares. Chemical National Bank, Michigan-based fund reported 6,882 shares. Lombard Odier Asset Mgmt (Europe) Ltd, United Kingdom-based fund reported 10,183 shares. Segment Wealth Mgmt Lc reported 0.07% of its portfolio in Occidental Petroleum Corporation (NYSE:OXY). X Mgmt Co Ltd Liability has 15,240 shares for 0.03% of their portfolio. Nippon Life Insur holds 0.03% of its portfolio in Occidental Petroleum Corporation (NYSE:OXY) for 29,177 shares. Madison invested in 101,800 shares. Bridgewater Assoc Lp holds 0.03% or 48,388 shares. Private Comml Bank Trust owns 35,185 shares. Heritage Invsts Mgmt Corp reported 4,128 shares or 0.02% of all its holdings. Stellar Cap Management Ltd Liability Corp has invested 1.16% of its portfolio in Occidental Petroleum Corporation (NYSE:OXY). Thompson Davis & holds 0.01% of its portfolio in Occidental Petroleum Corporation (NYSE:OXY) for 80 shares. Northstar Asset Mngmt Lc holds 31,368 shares or 0.85% of its portfolio.

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 3.81 million 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 $11.17B US Long portfolio, decreased its stake in Ishares Russell Mid (IWS) by 52,221 shares to 20,662 shares, valued at $1.74M in 2017Q2, according to the filing. It also reduced its holding in Vanguard Telecommunication Services Etf (VOX) by 431,862 shares in the quarter, leaving it with 3,895 shares, and cut its stake in Ishares Us Real Estate (IYR).

More notable recent Occidental Petroleum Corporation (NYSE:OXY) news were published by: Seekingalpha.com which released: “Occidental Petroleum: The Cash Flow Deficit Is Not A Red Flag For This 4.5 …” on November 14, 2017, also Forbes.com with their article: “Top Buys by Directors: Batchelder’s $617.7K Bet on Occidental Petroleum” published on November 17, 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: Seekingalpha.com and their article: “Occidental Petroleum: The Undisputed King Of CO2 Enhanced Oil Recovery” published on November 15, 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. The company was initiated on Monday, May 29 by Mitsubishi UFJ. The rating was upgraded by Goldman Sachs on Friday, December 16 to “Neutral”. The rating was downgraded by Iberia Capital Partners on Thursday, December 17 to “Sector Perform”. The firm has “Underweight” rating by Barclays Capital given on Monday, November 20. Jefferies maintained the stock with “Hold” rating in Friday, November 3 report. UBS maintained the shares of OXY in report on Thursday, August 4 with “Neutral” rating. The rating was maintained by BMO Capital Markets with “Hold” on Tuesday, October 10. BMO Capital Markets maintained the stock with “Hold” rating in Friday, September 1 report. The firm earned “Underweight” rating on Friday, August 4 by Barclays Capital. The stock of Occidental Petroleum Corporation (NYSE:OXY) has “Underweight” rating given on Thursday, July 14 by Barclays Capital.

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