Barrow Hanley Mewhinney & Strauss LLC Boosted Occidental Petroleum Corp (OXY) Stake by $245.75 Million

April 20, 2018 - By Vivian Park

Occidental Petroleum Corporation (NYSE:OXY) LogoInvestors sentiment increased to 0.93 in 2017 Q4. 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. Bkd Wealth Ltd Co has invested 0.02% in Occidental Petroleum Corporation (NYSE:OXY). Tompkins holds 36,177 shares. Moreover, First Commonwealth Finance Corp Pa has 0.34% invested in Occidental Petroleum Corporation (NYSE:OXY) for 4,426 shares. Oakbrook Ltd Limited Liability Company holds 27,600 shares or 0.13% of its portfolio. First Quadrant Lp Ca stated it has 1,100 shares. Nomura Hldgs Inc owns 67,797 shares or 0.01% of their US portfolio. Nelson Van Denburg Campbell Wealth Mngmt Gru Ltd Llc reported 1,596 shares. 2,950 were reported by Optimum Inv. 282,355 were accumulated by Aperio Grp Limited Liability Com. Meeder Asset Inc reported 7,641 shares. Sound Shore Mgmt Ct holds 3.32% or 2.96 million shares in its portfolio. Morgan Stanley has invested 0.16% in Occidental Petroleum Corporation (NYSE:OXY). Monetary Mgmt Grp owns 100 shares or 0% of their US portfolio. Stoneridge Inv accumulated 4,815 shares. Jones Finance Companies Lllp holds 0% or 2,827 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 19.26M shares of the oil & gas production company at the end of 2017Q4, valued at $1.42 billion, up from 15.90 million 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 $58.48B market cap company. The stock increased 0.51% or $0.385 during the last trading session, reaching $76.375. About 3.07 million shares traded. Occidental Petroleum Corporation (NYSE:OXY) has risen 4.69% since April 20, 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 $67.02 billion US Long portfolio, decreased its stake in Newell Brands Inc (NYSE:NWL) by 384,917 shares to 868,593 shares, valued at $26.84M in 2017Q4, according to the filing. It also reduced its holding in Honeywell International Inc (NYSE:HON) by 735,368 shares in the quarter, leaving it with 967,522 shares, and cut its stake in Seaworld Entertainment Inc (NYSE:SEAS).

Occidental Petroleum Corporation (NYSE:OXY) Ratings Coverage

Among 15 analysts covering Occidental Petroleum (NYSE:OXY), 4 have Buy rating, 1 Sell and 10 Hold. Therefore 27% are positive. Occidental Petroleum had 23 analyst reports since November 3, 2017 according to SRatingsIntel. The rating was maintained by Jefferies on Wednesday, December 20 with “Hold”. The rating was upgraded by Citigroup on Monday, January 22 to “Hold”. The company was maintained on Monday, April 9 by JP Morgan. The stock has “Overweight” rating by PiperJaffray on Monday, April 16. The firm has “Neutral” rating by Bank of America given on Thursday, January 4. The rating was maintained by JP Morgan on Thursday, February 15 with “Neutral”. As per Tuesday, January 23, the company rating was maintained by Piper Jaffray. The firm has “Equal-Weight” rating given on Wednesday, January 24 by Morgan Stanley. The stock has “Hold” rating by Piper Jaffray on Tuesday, November 21. The stock of Occidental Petroleum Corporation (NYSE:OXY) has “Hold” rating given on Thursday, January 11 by BMO Capital Markets.

Occidental Petroleum Corporation (NYSE:OXY) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.