Rio Tinto Plc Adr Sponsored (RIO) Stake Held by Neville Rodie & Shaw Inc; Occidental Pete Del (OXY) Valuation Declined While Artisan Partners Limited Partnership Has Upped Its Holding

February 16, 2018 - By Stephen Andrade

Artisan Partners Limited Partnership increased its stake in Occidental Pete Corp Del (OXY) by 6.06% based on its latest 2017Q3 regulatory filing with the SEC. Artisan Partners Limited Partnership bought 57,765 shares as the company’s stock declined 8.50% while stock markets rallied. The institutional investor held 1.01M shares of the oil & gas production company at the end of 2017Q3, valued at $64.95M, up from 953,687 at the end of the previous reported quarter. Artisan Partners Limited Partnership who had been investing in Occidental Pete Corp Del for a number of months, seems to be bullish on the $53.13B market cap company. The stock decreased 0.60% or $0.42 during the last trading session, reaching $69.43. About 5.02M shares traded or 21.95% up from the average. Occidental Petroleum Corporation (NYSE:OXY) has declined 18.97% since February 16, 2017 and is downtrending. It has underperformed by 35.67% the S&P500.

Neville Rodie & Shaw Inc increased its stake in Rio Tinto Plc Adr Sponsored (RIO) by 40.18% based on its latest 2017Q3 regulatory filing with the SEC. Neville Rodie & Shaw Inc bought 13,500 shares as the company’s stock declined 9.05% while stock markets rallied. The institutional investor held 47,100 shares of the precious metals company at the end of 2017Q3, valued at $2.22 million, up from 33,600 at the end of the previous reported quarter. Neville Rodie & Shaw Inc who had been investing in Rio Tinto Plc Adr Sponsored for a number of months, seems to be bullish on the $93.10 billion market cap company. The stock increased 1.48% or $0.86 during the last trading session, reaching $58.9. About 3.40 million shares traded or 20.35% up from the average. Rio Tinto plc (NYSE:RIO) has risen 43.73% since February 16, 2017 and is uptrending. It has outperformed by 27.03% the S&P500.

Among 21 analysts covering Rio Tinto (NYSE:RIO), 11 have Buy rating, 3 Sell and 7 Hold. Therefore 52% are positive. Rio Tinto had 50 analyst reports since August 5, 2015 according to SRatingsIntel. The stock of Rio Tinto plc (NYSE:RIO) earned “Market Perform” rating by Cowen & Co on Tuesday, May 3. On Friday, August 7 the stock rating was upgraded by Macquarie Research to “Outperform”. On Wednesday, January 27 the stock rating was maintained by Cowen & Co with “Market Perform”. Jefferies maintained it with “Buy” rating and $5200 target in Friday, July 14 report. The stock of Rio Tinto plc (NYSE:RIO) earned “Buy” rating by Societe Generale on Friday, October 2. Jefferies maintained the stock with “Buy” rating in Tuesday, June 20 report. RBC Capital Markets initiated it with “Underperform” rating and $37 target in Tuesday, February 9 report. The stock has “Buy” rating by HSBC on Thursday, November 10. The rating was downgraded by Citigroup on Monday, April 18 to “Sell”. The stock of Rio Tinto plc (NYSE:RIO) has “Sector Perform” rating given on Thursday, September 29 by IBC.

Neville Rodie & Shaw Inc, which manages about $1.50 billion and $897.12M US Long portfolio, decreased its stake in Costco Wholesale Corp (NASDAQ:COST) by 3,515 shares to 28,325 shares, valued at $4.65 million in 2017Q3, according to the filing. It also reduced its holding in Lam Research Corp (NASDAQ:LRCX) by 2,498 shares in the quarter, leaving it with 46,160 shares, and cut its stake in Wells Fargo (NYSE:WFC).

Investors sentiment decreased to 0.89 in 2017 Q3. Its down 0.06, from 0.95 in 2017Q2. It dropped, as 59 investors sold OXY shares while 338 reduced holdings. 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. Bbva Compass Bank & Trust invested in 14,890 shares. Fmr Ltd Liability Corporation owns 1.98 million shares. S&T Financial Bank Pa holds 97,013 shares or 1.11% of its portfolio. Moreover, Sfe Counsel has 0.35% invested in Occidental Petroleum Corporation (NYSE:OXY) for 12,860 shares. Madison accumulated 101,800 shares. Hirtle Callaghan And Ltd Liability Corp has 294 shares for 0% of their portfolio. 440,266 are owned by Tocqueville Asset Mngmt Lp. Stevens First Principles Advisors reported 0.01% in Occidental Petroleum Corporation (NYSE:OXY). Moreover, Segall Bryant Hamill Ltd Company has 0.04% invested in Occidental Petroleum Corporation (NYSE:OXY) for 24,063 shares. Blair William & Il has 41,023 shares for 0.02% of their portfolio. Credit Cap Investments Lc invested 0.57% in Occidental Petroleum Corporation (NYSE:OXY). Amg Funds Limited Liability Corporation holds 16,096 shares. Carret Asset Mngmt Lc holds 17,210 shares. Cap Advisors Ok holds 0.02% in Occidental Petroleum Corporation (NYSE:OXY) or 3,861 shares. Glenmede Trust Communication Na has invested 0.03% in Occidental Petroleum Corporation (NYSE:OXY).

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