Barrow Hanley Mewhinney & Strauss LLC Has Upped Its Position in Occidental Petroleum Corp (OXY) by $245.75 Million as Shares Declined

May 25, 2018 - By Marie Mckinney

Occidental Petroleum Corporation (NYSE:OXY) LogoInvestors sentiment increased to 0.93 in Q4 2017. Its up 0.04, from 0.89 in 2017Q3. It improved, as 51 investors sold OXY shares while 352 reduced holdings. 113 funds opened positions while 262 raised stakes. 613.25 million shares or 1.87% more from 602.00 million shares in 2017Q3 were reported. M&T Comml Bank Corp has invested 0.22% in Occidental Petroleum Corporation (NYSE:OXY). 90,725 are owned by Ltd Ca. Hartford Fin Incorporated holds 0% of its portfolio in Occidental Petroleum Corporation (NYSE:OXY) for 100 shares. Signaturefd Ltd Limited Liability Company accumulated 7,180 shares. St Germain D J stated it has 0.25% in Occidental Petroleum Corporation (NYSE:OXY). Exxonmobil Inv Tx has 0.25% invested in Occidental Petroleum Corporation (NYSE:OXY). State Street stated it has 0.23% of its portfolio in Occidental Petroleum Corporation (NYSE:OXY). D E Shaw And Co Inc, a New York-based fund reported 706,481 shares. Willingdon Wealth Mngmt has invested 0% in Occidental Petroleum Corporation (NYSE:OXY). Middleton Com Incorporated Ma stated it has 7,265 shares. Dumont Blake Investment Advsr Ltd Liability Corporation holds 0.23% or 7,633 shares in its portfolio. Panagora Asset Mgmt owns 380,055 shares. 27,208 are owned by Livingston Group Asset (Operating As Southport Capital Management). 45,482 are owned by Regis Company Limited Liability Corp. Argent Trust holds 0.08% in Occidental Petroleum Corporation (NYSE:OXY) or 2,730 shares.

Barrow Hanley Mewhinney & Strauss Llc increased its stake in Occidental Petroleum Corp (OXY) by 21.18% based on its latest 2017Q4 regulatory filing with the SEC. Barrow Hanley Mewhinney & Strauss Llc bought 3.37M shares as the company’s stock declined 9.82% with the market. The institutional investor held 19.26 million shares of the oil & gas production company at the end of 2017Q4, valued at $1.42B, up from 15.90M at the end of the previous reported quarter. Barrow Hanley Mewhinney & Strauss Llc who had been investing in Occidental Petroleum Corp for a number of months, seems to be bullish on the $62.17 billion market cap company. The stock decreased 3.18% or $2.669 during the last trading session, reaching $81.191. About 1.39M shares traded. Occidental Petroleum Corporation (NYSE:OXY) has risen 4.69% since May 25, 2017 and is uptrending. It has underperformed by 6.86% the S&P500.

Barrow Hanley Mewhinney & Strauss Llc, which manages about $91.02 billion and $67.02B US Long portfolio, decreased its stake in Philip Morris International In (NYSE:PM) by 1.23 million shares to 15.54M shares, valued at $1.64 billion in 2017Q4, according to the filing. It also reduced its holding in Citigroup Inc (NYSE:C) by 532,025 shares in the quarter, leaving it with 14.57 million shares, and cut its stake in Adient Plc.

Another recent and important Occidental Petroleum Corporation (NYSE:OXY) news was published by Streetinsider.com which published an article titled: “Wall Street slips as oil slump drags energy stocks” on May 25, 2018.

Occidental Petroleum Corporation (NYSE:OXY) Ratings Coverage

Among 15 analysts covering Occidental Petroleum (NYSE:OXY), 6 have Buy rating, 0 Sell and 9 Hold. Therefore 40% are positive. Occidental Petroleum had 20 analyst reports since December 11, 2017 according to SRatingsIntel. The company was upgraded on Monday, May 21 by Scotia Capital. BMO Capital Markets maintained Occidental Petroleum Corporation (NYSE:OXY) on Monday, February 26 with “Hold” rating. Jefferies maintained it with “Hold” rating and $78.0 target in Friday, January 19 report. Jefferies maintained Occidental Petroleum Corporation (NYSE:OXY) on Wednesday, December 20 with “Hold” rating. The stock of Occidental Petroleum Corporation (NYSE:OXY) has “Neutral” rating given on Wednesday, May 9 by Credit Suisse. Piper Jaffray maintained the stock with “Hold” rating in Tuesday, January 23 report. The stock has “Hold” rating by Citigroup on Monday, January 22. BMO Capital Markets maintained the shares of OXY in report on Thursday, January 11 with “Hold” rating. Morgan Stanley maintained it with “Equal-Weight” rating and $84 target in Wednesday, January 24 report. The firm earned “Neutral” rating on Thursday, February 15 by JP Morgan.

Occidental Petroleum Corporation (NYSE:OXY) Institutional Positions Chart

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