King Luther Capital Management Has Upped Occidental Pete Del (OXY) Position; Ing Emerging Markets High Dividend Equity Fund (IHD) Has 0.67 Sentiment

June 23, 2018 - By Migdalia James

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King Luther Capital Management Corp increased Occidental Pete Corp Del (OXY) stake by 14.36% reported in 2018Q1 SEC filing. King Luther Capital Management Corp acquired 207,387 shares as Occidental Pete Corp Del (OXY)’s stock rose 22.49%. The King Luther Capital Management Corp holds 1.65 million shares with $107.26M value, up from 1.44M last quarter. Occidental Pete Corp Del now has $63.81 billion valuation. The stock increased 1.51% or $1.24 during the last trading session, reaching $83.33. About 5.70M shares traded or 5.16% up from the average. Occidental Petroleum Corporation (NYSE:OXY) has risen 35.73% since June 23, 2017 and is uptrending. It has outperformed by 23.16% the S&P500. Some Historical OXY News: 01/05/2018 – Occidental Presenting at AllianceBernstein Conference May 31; 08/05/2018 – OCCIDENTAL PETROLEUM CORP – SEES CHEMICAL SEGMENT ABOUT $300 MLN PRE-TAX INCOME IN 2Q18E; 08/05/2018 – OCCIDENTAL PETROLEUM CORP – SEES FY 2018 PRODUCTION COST FOR DOMESTIC OIL & GAS ABOUT $12.50/ BOE; 13/04/2018 – OCCIDENTAL PETROLEUM CORP OXY.N : CREDIT SUISSE RAISES TARGET PRICE TO $76 FROM $65; 08/05/2018 – OCCIDENTAL PETROLEUM CORP QTRLY REVENUES $3,763 MLN VS $2,957 MLN; 08/05/2018 – OCCIDENTAL SEES FY 2018 PRODUCTION 645–665 MBOED; 23/03/2018 – OCCIDENTAL PETROLEUM CORP OXY.N : DEUTSCHE BANK RAISES TO BUY FROM HOLD; 06/03/2018 OCCIDENTAL SVP CYNTHIA WALKER SPEAKS AT CERAWEEK; 03/05/2018 – OCCIDENTAL PETROLEUM CORP OXY.N SETS REGULAR QUARTERLY DIVIDEND OF $0.77/SHR; 08/05/2018 – OCCIDENTAL ON OUTLOOK FOR MIDLAND TO GULF COAST SAYS PIPELINE CONSTRAINTS WILL REQUIRE RAIL AND TRUCK UTILIZATION

Ing Emerging Markets High Dividend Equity Fund (IHD) investors sentiment decreased to 0.67 in Q1 2018. It’s down -1.13, from 1.8 in 2017Q4. The ratio dived, as 10 institutional investors increased or opened new positions, while 15 cut down and sold holdings in Ing Emerging Markets High Dividend Equity Fund. The institutional investors in our database now own: 5.83 million shares, down from 6.11 million shares in 2017Q4. Also, the number of institutional investors holding Ing Emerging Markets High Dividend Equity Fund in top ten positions was flat from 0 to 0 for the same number . Sold All: 8 Reduced: 7 Increased: 7 New Position: 3.

Among 23 analysts covering Occidental Petroleum Corporation (NYSE:OXY), 11 have Buy rating, 1 Sell and 11 Hold. Therefore 48% are positive. Occidental Petroleum Corporation had 97 analyst reports since August 3, 2015 according to SRatingsIntel. The company was maintained on Tuesday, November 21 by Piper Jaffray. Jefferies maintained the shares of OXY in report on Thursday, June 22 with “Hold” rating. The stock of Occidental Petroleum Corporation (NYSE:OXY) has “Buy” rating given on Wednesday, September 27 by Cowen & Co. As per Wednesday, March 15, the company rating was upgraded by Bank of America. The firm earned “Equal-Weight” rating on Wednesday, October 18 by Morgan Stanley. The stock has “Buy” rating by Jefferies on Monday, June 11. The firm has “Hold” rating by Piper Jaffray given on Tuesday, January 23. The stock of Occidental Petroleum Corporation (NYSE:OXY) earned “Hold” rating by Jefferies on Wednesday, December 20. The stock of Occidental Petroleum Corporation (NYSE:OXY) earned “Neutral” rating by JP Morgan on Thursday, February 15. Oppenheimer maintained it with “Outperform” rating and $85 target in Monday, August 3 report.

Investors sentiment increased to 0.99 in Q1 2018. Its up 0.06, from 0.93 in 2017Q4. It increased, as 65 investors sold OXY 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. Gemmer Asset Limited Liability Company owns 483 shares. Beacon Group Inc reported 0.04% of its portfolio in Occidental Petroleum Corporation (NYSE:OXY). Bingham Osborn And Scarborough Limited Liability holds 5,598 shares or 0.03% of its portfolio. Transamerica Advsrs reported 0% of its portfolio in Occidental Petroleum Corporation (NYSE:OXY). Headinvest Limited Liability invested in 35,718 shares. Lifeplan Financial Grp holds 103 shares or 0% of its portfolio. Wolverine Asset Management Llc reported 5,734 shares or 0% of all its holdings. Moreover, Naples Global Ltd Liability Corporation has 0.31% invested in Occidental Petroleum Corporation (NYSE:OXY) for 16,033 shares. Oarsman Cap owns 6,003 shares or 0.18% of their US portfolio. Cullen Frost Bankers invested in 322,374 shares or 0.62% of the stock. Nordea Inv has 0.05% invested in Occidental Petroleum Corporation (NYSE:OXY). Ariel Lc invested in 576,828 shares. Lyons Wealth Management Ltd Limited Liability Company owns 8,200 shares. Ls Invest Advsr Ltd has 0.09% invested in Occidental Petroleum Corporation (NYSE:OXY). Natixis has 0.26% invested in Occidental Petroleum Corporation (NYSE:OXY) for 651,531 shares.

More recent Occidental Petroleum Corporation (NYSE:OXY) news were published by: Seekingalpha.com which released: “All Aboard The Occidental Petroleum Train” on June 04, 2018. Also Benzinga.com published the news titled: “Occidental To Benefit From Likely Widening In Midland-MEH Spread, Citi Says In Upgrade” on June 05, 2018. Seekingalpha.com‘s news article titled: “Ecopetrol has no restart date for Cano Limon pipeline, shut since January” with publication date: June 20, 2018 was also an interesting one.

King Luther Capital Management Corp decreased Affiliated Managers Group (NYSE:AMG) stake by 25,974 shares to 8,380 valued at $1.59M in 2018Q1. It also reduced Express Scripts Hldg Co (NASDAQ:ESRX) stake by 23,386 shares and now owns 4,708 shares. Ishares Tr (DVY) was reduced too.

Oxbow Advisors Llc holds 1.55% of its portfolio in Voya Emerging Markets High Dividend Equity Fund for 791,908 shares. 1607 Capital Partners Llc owns 1.69 million shares or 0.9% of their US portfolio. Moreover, Advisors Asset Management Inc. has 0.19% invested in the company for 1.22 million shares. The Virginia-based Shaker Financial Services Llc has invested 0.17% in the stock. Cordasco Financial Network, a Pennsylvania-based fund reported 4,840 shares.

Occidental Petroleum Corporation (NYSE:OXY) Institutional Positions Chart

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