Time to Reconsider Occidental Petroleum Corporation (NYSE:OXY) After More Short Sellers?

August 8, 2018 - By Jeanette Kaplan

Occidental Petroleum Corporation (NYSE:OXY) Logo

Investors sentiment increased to 0.99 in 2018 Q1. Its up 0.06, from 0.93 in 2017Q4. It is positive, as 65 investors sold Occidental Petroleum Corporation shares while 335 reduced holdings. 114 funds opened positions while 280 raised stakes. 604.35 million shares or 1.45% less from 613.25 million shares in 2017Q4 were reported.
Yhb Advsr invested in 39,839 shares. Umb Bancorp N A Mo owns 168,857 shares. Perigon Wealth Mngmt Llc reported 204,361 shares or 4.95% of all its holdings. Manchester Cap Mngmt Lc holds 3,008 shares. Ashfield Cap Lc accumulated 0.09% or 10,691 shares. Shoker Counsel Inc holds 0.28% of its portfolio in Occidental Petroleum Corporation (NYSE:OXY) for 5,736 shares. Trust Company Of Vermont holds 10,270 shares or 0.06% of its portfolio. World Asset Mgmt reported 0.15% in Occidental Petroleum Corporation (NYSE:OXY). Zwj Investment Counsel Incorporated invested 0.02% in Occidental Petroleum Corporation (NYSE:OXY). Johnson Investment Counsel Inc invested 0.01% in Occidental Petroleum Corporation (NYSE:OXY). Raymond James & Associates reported 3.43 million shares. Secor Cap Advisors Limited Partnership holds 13,109 shares. 236,806 were reported by Bb&T. Cohen & Steers has 0% invested in Occidental Petroleum Corporation (NYSE:OXY) for 2,864 shares. Mechanics Retail Bank Tru Department invested in 0.05% or 3,469 shares.

The stock of Occidental Petroleum Corporation (NYSE:OXY) registered an increase of 2.9% in short interest. OXY’s total short interest was 11.05 million shares in August as published by FINRA. Its up 2.9% from 10.74M shares, reported previously. With 4.38M shares average volume, it will take short sellers 3 days to cover their OXY’s short positions. The short interest to Occidental Petroleum Corporation’s float is 1.45%.

The stock decreased 0.90% or $0.74 during the last trading session, reaching $81.2. About 4.52 million shares traded. Occidental Petroleum Corporation (NYSE:OXY) has risen 35.73% since August 8, 2017 and is uptrending. It has outperformed by 23.16% the S&P500.

Occidental Petroleum Corporation engages in the acquisition, exploration, and development of gas and oil properties in the United States and internationally. The company has market cap of $62.18 billion. The firm operates in three divisions: Oil and Gas, Chemical, and Midstream and Marketing. It has a 32.87 P/E ratio. The Oil and Gas segment explores for, develops, and produces oil and condensate, natural gas liquids , and natural gas.

Occidental Petroleum Corporation (NYSE:OXY) Ratings Coverage

Among 14 analysts covering Occidental Petroleum Corp (NYSE:OXY), 9 have Buy rating, 0 Sell and 5 Hold. Therefore 64% are positive. Occidental Petroleum Corp had 15 analyst reports since February 15, 2018 according to SRatingsIntel. As per Monday, April 9, the company rating was maintained by JP Morgan. As per Friday, March 23, the company rating was upgraded by Deutsche Bank. The company was maintained on Thursday, April 12 by Goldman Sachs. Credit Suisse maintained it with “Neutral” rating and $80 target in Wednesday, May 9 report. As per Thursday, February 15, the company rating was maintained by JP Morgan. The rating was upgraded by PiperJaffray to “Overweight” on Monday, April 16. Citigroup upgraded the shares of OXY in report on Tuesday, June 5 to “Buy” rating. The stock of Occidental Petroleum Corporation (NYSE:OXY) earned “Buy” rating by Jefferies on Monday, June 11. The firm has “Outperform” rating by Scotia Capital given on Monday, May 21. As per Monday, February 26, the company rating was maintained by BMO Capital Markets.

More important recent Occidental Petroleum Corporation (NYSE:OXY) news were published by: Benzinga.com which released: “Earnings Scheduled For August 8, 2018” on August 08, 2018, also Businesswire.com published article titled: “Lotus Midstream to Acquire Centurion Pipeline”, Globenewswire.com published: “Occidental Petroleum Increases Dividend” on July 12, 2018. More interesting news about Occidental Petroleum Corporation (NYSE:OXY) was released by: Seekingalpha.com and their article: “Occidental’s Permian Cash Flow Cow” with publication date: July 13, 2018.

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.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: