Economy

Occidental Petroleum (OXY) Downgraded by Bank of America to "Neutral"

Occidental Petroleum (OXY) Downgraded by Bank of America to

Zacks Investment Research upgraded shares of Occidental Petroleum from a hold rating to a strong-buy rating and set a $85.00 target price for the company in a report on Thursday. The firm has a market cap of $57,360.00, a PE ratio of 105.58, a P/E/G ratio of 7.13 and a beta of 0.65. About 219,601 shares traded. Cohen & Steers Infrastructure Fund, Inc (UTF) has risen 17.27% since January 5, 2017 and is uptrending. It has outperformed by 36.27% the S&P500.

Earnest Partners Llc decreased its stake in Occidental Pete (OXY) by 10.9% based on its latest 2017Q3 regulatory filing with the SEC. Following the completion of the sale, the director now directly owns 1,729,119 shares of the company's stock, valued at $128,317,920.99. Texas Permanent School Fund holds 211,889 shares. Cannell Peter B & Company Inc who had been investing in Ball Corp for a number of months, seems to be bullish on the $13.25 billion market cap company.

The stock decreased 0.05% or $0.04 during the last trading session, reaching $74.96.

Occidental Petroleum Corporation (OXY) performance during the last one year upgraded 3.78 percent, while its year to date (YTD) performance showed a positive trend of 1.82 percent. It has underperformed by 8.78% the S&P500. The firm has institutional ownership of 88.10%, while insider ownership included 0.40%.

Investors sentiment decreased to 1.19 in Q3 2017. Its down 0.10, from 1.29 in 2017Q2. The stock is trading $69.36 its 50-day moving average by -5.6%. 23 funds opened positions while 58 raised stakes. Penobscot Investment Mngmt Co reported 1.37% of its portfolio in Pepsico, Inc. 183,789 are held by Rhumbline Advisers. Johnson Group Inc accumulated 0% or 458 shares. West Oak Capital Ltd Liability Company holds 14,420 shares or 0.55% of its portfolio. Dearborn Ltd Limited Liability Company owns 173,294 shares for 0.82% of their portfolio. The California-based Apriem Advisors has invested 0.91% in the stock. Canada Pension Plan Invest Board invested 0.03% of its portfolio in Occidental Petroleum Corporation (NYSE:OXY). On Friday, November 6 the stock rating was downgraded by Tudor Pickering to "Hold". Tiaa Cref Inv Mngmt Lc holds 0.03% of its portfolio in CIT Group Inc. Bancorporation Of Hawaii reported 43,981 shares or 0.24% of all its holdings. Occidental Petroleum Corporation's institutional ownership is 83.8%, while its institutional transactions stand at 0.96%. Waratah Capital Advsr Limited accumulated 65,305 shares. Glob X Ltd Liability Co accumulated 35,901 shares. 7,026 were accumulated by Kemper Corp. Therefore 42% are positive.

Occidental Petroleum Corporation engages in the acquisition, exploration, and development of gas and oil properties in the United States and internationally. The stock has "Buy" rating by Cowen & Co on Wednesday, September 27. After $0.18 actual EPS reported by Occidental Petroleum Corporation for the previous quarter, Wall Street now forecasts 66.67 % EPS growth. The stock presently has a consensus rating of Hold and a consensus target price of $67.00. Finally, Barclays boosted their price objective on Occidental Petroleum from $45.00 to $47.00 and gave the stock an underweight rating in a report on Monday, November 20th. Pacific Crest downgraded the shares of LC in report on Tuesday, May 10 to "Sector Weight" rating. The rating was initiated by Mitsubishi UFJ with "Hold" on Monday, May 29. Piper Jaffray maintained Occidental Petroleum Corporation (NYSE:OXY) on Thursday, August 24 with "Hold" rating.

More news: Infinera (INFN) Receives Media Sentiment Score of 0.10

Among 52 analysts covering Apple Inc.

Analysts await General Motors Company (NYSE:GM) to report earnings on February, 6. They expect $0.82 earnings per share, up 38.98% or $0.23 from last year's $0.59 per share.

The company's diluted EPS for trailing twelve months was 0.71.

Investors sentiment decreased to 1.19 in 2017 Q3. Its down 0.06, from 0.95 in 2017Q2. It worsened, as 59 investors sold Occidental Petroleum Corporation shares while 338 reduced holdings. The oil and gas producer reported $0.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.11 by $0.07. Proshare Ltd Liability owns 157,258 shares for 0.09% of their portfolio. Ameritas Invest Prns holds 0.01% or 28,408 shares in its portfolio.

Occidental Petroleum (NYSE:OXY) last posted its quarterly earnings results on Wednesday, November 1st. 9,833 are owned by Cypress Asset Tx. Camelot Portfolios Llc, a Ohio-based fund reported 80,254 shares. AMG Funds LLC now owns 25,547 shares of the oil and gas producer's stock valued at $1,529,000 after purchasing an additional 136 shares during the period. Schwab Charles Inc owns 1.61M shares or 0.01% of their USA portfolio. Town & Country Fincl Bank & Dba First Bankers reported 12,796 shares. Rmb Lc invested in 130,812 shares. Rech Investors reported 3.00M shares. Moreover, Endurance Wealth Inc has 1.26% invested in Occidental Petroleum Corporation (NYSE:OXY). During the same period in the prior year, the firm posted $0.03 earnings per share. OXY's profit will be $229.57M for 62.47 P/E if the $0.30 EPS becomes a reality. Scotiabank restated a hold rating and issued a $64.00 price objective on shares of Occidental Petroleum in a report on Wednesday, November 22nd. About 3.18M shares traded. It also increased its holding in Oaktree Cap Group Llc (NYSE:OAK) by 9,025 shares in the quarter, for a total of 19,700 shares, and has risen its stake in Alphabet Inc.

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