United Capital Financial Advisers LLC Has Boosted Its Holding in Occidental Petroleum Corp (OXY) by $4.37 Million as Valuation Declined

December 7, 2017 - By Marie Mckinney

Investors sentiment decreased to 0.95 in 2017 Q2. Its down 0.08, from 1.03 in 2017Q1. It turned negative, 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. Thomas J Herzfeld Advsr Incorporated holds 0% or 104 shares in its portfolio. Cap Guardian Trust has invested 0.47% of its portfolio in Occidental Petroleum Corporation (NYSE:OXY). Mycio Wealth Prns Limited Com stated it has 6,716 shares. Johnson Counsel holds 12,492 shares. Family reported 100 shares. Hartford Fincl Mgmt stated it has 100 shares or 0% of all its holdings. Bahl Gaynor Inc owns 1.46% invested in Occidental Petroleum Corporation (NYSE:OXY) for 1.68M shares. 5,327 are owned by Signaturefd Ltd Liability. Integral Derivatives Ltd Liability Co accumulated 20,916 shares. Selz Cap Ltd reported 0.34% of its portfolio in Occidental Petroleum Corporation (NYSE:OXY). Scotia, a Ontario – Canada-based fund reported 3,859 shares. Tokio Marine Asset Management Com Ltd invested in 22,999 shares. Washington Communication accumulated 85,538 shares. City Holdg has 0.56% invested in Occidental Petroleum Corporation (NYSE:OXY) for 26,454 shares. Farmers Communication reported 8,126 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 $53.12B 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 First Trust Technology Alphadex Etf (FXL) by 216,371 shares to 27,143 shares, valued at $1.18 million in 2017Q2, according to the filing. It also reduced its holding in Spdr Blmbg Barclays St Corp Bd Etf (SCPB) by 108,511 shares in the quarter, leaving it with 36,956 shares, and cut its stake in Jp Morgan Chase Wts.

More notable recent Occidental Petroleum Corporation (NYSE:OXY) news were published by: Nasdaq.com which released: “Occidental Petroleum Corporation (OXY) Ex-Dividend Date Scheduled for December …” on December 07, 2017, also Zacks.com with their article: “How Occidental Petroleum (OXY) Stock Stands Out in a Strong Industry December …” published on December 04, 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 Cash Flow Deficit Is Not A Red Flag For This 4.5 …” published on November 14, 2017 as well as Seekingalpha.com‘s news article titled: “Occidental Petroleum: The Undisputed King Of CO2 Enhanced Oil Recovery” with publication date: November 15, 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 stock has “Neutral” rating by Bank of America on Wednesday, January 4. The firm has “Outperform” rating by BMO Capital Markets given on Tuesday, September 29. On Tuesday, July 18 the stock rating was maintained by Cowen & Co with “Buy”. The stock of Occidental Petroleum Corporation (NYSE:OXY) has “Hold” rating given on Tuesday, January 12 by Jefferies. Piper Jaffray maintained it with “Hold” rating and $6500 target in Thursday, August 10 report. The stock of Occidental Petroleum Corporation (NYSE:OXY) earned “Hold” rating by Piper Jaffray on Tuesday, November 21. The rating was maintained by BMO Capital Markets with “Hold” on Friday, September 1. The firm earned “Neutral” rating on Thursday, August 4 by UBS. As per Wednesday, May 10, the company rating was upgraded by JP Morgan. On Tuesday, October 10 the stock rating was maintained by BMO Capital Markets with “Hold”.

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