Occidental Petroleum (NYSE:OXY) Cut to "Neutral" at Bank of America

Lloyd Doyle
January 13, 2018

The institutional investor held 113,479 shares of the consumer non-durables company at the end of 2017Q3, valued at $12.65M, up from 62,432 at the end of the previous reported quarter. The company has market cap of $2.87 billion. The stock increased 0.43% or $0.5 during the last trading session, reaching $117.38. About 203,121 shares traded or 12.75% up from the average. Pepsico, Inc. (NYSE:PEP) has risen 12.20% since January 13, 2017 and is uptrending. It has underperformed by 20.60% the S&P500.

United Services Automobile Association reduced its stake in Occidental Petroleum Corporation (NYSE:OXY) by 2.8% during the third quarter, Holdings Channel reports. (OXY)'s stock declined 8.50%. Parallel Advisors LLC now owns 2,240 shares of the oil and gas producer's stock valued at $139,000 after purchasing an additional 279 shares during the last quarter. Occidental Petroleum Corp. now has $58.56 billion valuation.

The stock decreased 0.92% or $0.2 during the last trading session, reaching $21.5. 5,756,295 shares of the company were exchanged, compared to its average volume of 3,146,398. It has underperformed by 42.38% the S&P500. The rating was upgraded by Roth Capital on Friday, January 20 to "Buy". Therefore 68% are positive. The firm has "Buy" rating given on Wednesday, March 15 by Bank of America. Robert W. Baird maintained Vantiv, Inc. (NASDAQ:PEP) rating on Thursday, October 5. The rating was upgraded by Susquehanna to "Negative" on Tuesday, August 25. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The stock has "Sector Perform" rating by RBC Capital Markets on Thursday, October 29. Barclays Capital initiated Pepsico, Inc. The firm has "Equal-Weight" rating given on Monday, June 13 by Morgan Stanley. The firm has "Hold" rating by Jefferies given on Tuesday, January 12. The firm earned "Hold" rating on Friday, September 1 by BMO Capital Markets. Cowen & Co maintained the stock with "Buy" rating in Wednesday, September 27 report. They issued a "neutral" rating and a $62.00 target price on the stock. Out of 4 Wall Street analysts rating EastGroup, 1 give it "Buy", 0 "Sell" rating, while 3 recommend "Hold". It is down 0.00% since January 13, 2017 and is. Its down 0.11, from 1.11 in 2017Q2. It increased, as 51 investors sold PEP shares while 689 reduced holdings. Ameriprise Fincl reported 120,171 shares. Pinebridge Invests L P holds 1,880 shares or 0% of its portfolio. Blue Chip Ptnrs invested in 1.45% or 70,096 shares. Citigroup accumulated 91,851 shares. Louisiana State Employees Retirement Sys accumulated 0.14% or 47,700 shares.

Bluespruce Investments Lp increased its stake in Vantiv Inc (VNTV) by 13.63% based on its latest 2017Q3 regulatory filing with the SEC. Canada Pension Plan Invest Board owns 254,013 shares. Gotham Asset Ltd Liability holds 0.21% or 218,656 shares in its portfolio. First reported 22,558 shares. Indexiq Limited Liability Company reported 2,716 shares stake. (NASDAQ:PEP) for 3,150 shares. Etrade Cap Mngmt Limited Company invested in 72,190 shares. Greenleaf stated it has 115,291 shares. Texas Permanent School Fund invested in 211,889 shares or 0.17% of the stock. Franklin Street Advisors Nc accumulated 1.08% or 59,213 shares. Cibc World Mkts holds 440,999 shares. Capital International Investors lifted its stake in Occidental Petroleum by 3.6% in the third quarter. It also upped Broadcom Ltd stake by 1,883 shares and now owns 17,154 shares.

Investors of record on Monday, December 11th will be given a $0.77 dividend. Its down 0.06, from 0.95 in 2017Q2. 89 funds opened positions while 264 raised stakes. 602.00 million shares or 0.86% less from 607.21 million shares in 2017Q2 were reported. Blair William And Il invested in 0.05% or 102,162 shares. 93,471 are held by Mutual Of America Capital Limited Liability Corp. Franklin Res invested 0.43% of its portfolio in Occidental Petroleum Corporation (NYSE:OXY). King Luther Mgmt Corp has 1.11M shares. (NYSE:TKF). Wells Fargo & Mn holds 0% of its portfolio in The Turkish Investment Fund, Inc. New York-based D E Shaw Company Incorporated has invested 0.03% in Vantiv, Inc. (NYSE:TKF). Wolverine Asset Mgmt Ltd Liability Corp reported 0.01% of its portfolio in The Turkish Investment Fund, Inc. Moreover, Brinker Capital has 0.16% invested in Occidental Petroleum Corporation (NYSE:OXY). Ftb Inc invested in 2,387 shares. Corporate insiders own 0.35% of the company's stock. Geode Mngmt Ltd Liability holds 7.55 million shares. Moreover, Meeder Asset has 0% invested in Black Box Corporation (NASDAQ:BBOX). Zacks Investment Research lowered Occidental Petroleum from a "hold" rating to a "sell" rating in a research report on Thursday, August 31st. Therefore 19% are positive. Cowen reaffirmed a "buy" rating and set a $80.00 price objective on shares of Occidental Petroleum in a report on Thursday, September 28th. The stock of Occidental Petroleum Corporation (NYSE:OXY) earned "Neutral" rating by Bank of America on Wednesday, January 4. Piper Jaffray Companies set a $55.00 price objective on Occidental Petroleum and gave the stock a "hold" rating in a research report on Friday, August 25th. As per Tuesday, August 29, the company rating was maintained by Jefferies. BMO Capital Markets has "Hold" rating and $80.0 target. Jefferies has "Hold" rating and $58.0 target. The company was maintained on Wednesday, October 18 by Morgan Stanley. Also, Director Stephen I. Chazen sold 4,000 shares of the firm's stock in a transaction dated Thursday, November 17th. SLTK's SI was 79,100 shares in January as released by FINRA. Capital International Investors increased its stake in Occidental Petroleum Corporation by 193.7% in the second quarter. The oil and gas producer reported $0.18 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.11 by $0.07. During the same quarter in the previous year, the business earned ($0.15) earnings per share. research analysts anticipate that Occidental Petroleum will post 0.8 earnings per share for the current year.

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