Salem Capital Management Has Lifted Holding in Occidental Petroleum (OXY) by $364,800; Checchi Capital Advisers Has Upped Apple (AAPL) Stake by $9.95 Million

June 17, 2018 - By Maria Brooks

Occidental Petroleum Corporation (NYSE:OXY) Logo

Salem Capital Management Inc increased its stake in Occidental Petroleum (OXY) by 9.72% based on its latest 2018Q1 regulatory filing with the SEC. Salem Capital Management Inc bought 5,700 shares as the company’s stock rose 22.49% while stock markets declined. The institutional investor held 64,350 shares of the oil & gas production company at the end of 2018Q1, valued at $4.18 million, up from 58,650 at the end of the previous reported quarter. Salem Capital Management Inc who had been investing in Occidental Petroleum for a number of months, seems to be bullish on the $63.81 billion market cap company. The stock decreased 1.21% or $1.02 during the last trading session, reaching $83.33. About 7.48 million shares traded or 37.76% up from the average. Occidental Petroleum Corporation (NYSE:OXY) has risen 35.73% since June 17, 2017 and is uptrending. It has outperformed by 23.16% the S&P500. Some Historical OXY News: 08/05/2018 – OCCIDENTAL 1Q CORE EPS 92C, EST. 71C; 18/04/2018 – Occidental Presenting at Barclays Conference May 15; 03/04/2018 – Occidental Closes Above 200-Day Moving Average: Technicals; 29/05/2018 – OCCIDENTAL PETROLEUM CORP OXY.N : CAPITAL ONE SECURITIES RAISES TO OVERWEIGHT FROM EQUALWEIGHT; 27/03/2018 – OCCIDENTAL PETROLEUM OXY.N CHIEF EXECUTIVE VICKI HOLLUB SAYS EXPECTS PERMIAN RESOURCES BUSINESS TO BE CASH FLOW BREAKEVEN BY THIRD QUARTER; 23/03/2018 – OCCIDENTAL PETROLEUM CORP OXY.N : DEUTSCHE BANK RAISES TO BUY FROM HOLD; 21/05/2018 – OCCIDENTAL PETROLEUM CORP OXY.N : UBS RAISES TARGET PRICE TO $87 FROM $71; 08/05/2018 – Occidental first-quarter profit spikes on rising oil prices; 09/05/2018 – OCCIDENTAL PETROLEUM CORP OXY.N CEO SAYS HAS NOT SEEN, AND DOES NOT EXPECT, ANY IMPACT ON QATAR OPERATIONS FROM GULF EMBARGO OF THAT COUNTRY; 27/03/2018 – OCCIDENTAL COMMENTS IN PRESENTATION POSTED TO WEBSITE

Checchi Capital Advisers Llc increased its stake in Apple Inc (AAPL) by 1192.1% based on its latest 2018Q1 regulatory filing with the SEC. Checchi Capital Advisers Llc bought 59,605 shares as the company’s stock rose 5.37% while stock markets declined. The institutional investor held 64,605 shares of the computer manufacturing company at the end of 2018Q1, valued at $10.84 million, up from 5,000 at the end of the previous reported quarter. Checchi Capital Advisers Llc who had been investing in Apple Inc for a number of months, seems to be bullish on the $928.18 billion market cap company. The stock decreased 1.03% or $1.96 during the last trading session, reaching $188.84. About 33.10M shares traded or 10.09% up from the average. Apple Inc. (NASDAQ:AAPL) has risen 22.56% since June 17, 2017 and is uptrending. It has outperformed by 9.99% the S&P500. Some Historical AAPL News: 19/04/2018 – Apple has released a new affordable iPad model; 26/04/2018 – EU moves to regulate tech giants’ business practices; 28/03/2018 – Apple HomePod Will Do Just Fine; 20/04/2018 – APPLE: PART MAY FAIL, CAUSING BUILT-IN BATTERY TO EXPAND; 10/05/2018 – Advanced Credit Technologies, Inc. Wins Approval from Apple and Google to Launch CyberloQ Multi-factor Authentication into Both the IOS and Android App Stores; 20/04/2018 – Chipmakers Fight Three-Front Battle as FANGs Shine Without Apple; 23/03/2018 – Apple’s Tiny Sliver of Hope: iPhone Prices — Barron’s Blog; 20/04/2018 – Weak guidance from a top Apple supplier Taiwan Semiconductor Manufacturing, and the likely knock-on effect to 3-D sensing technology maker AMS, suggests Apple is not buying components for the iPhone X; 09/05/2018 – Shaq, an early Apple and Google backer, shares his very simple investing style; 30/04/2018 – 9to5Mac: Prolific Apple supply chain analyst Ming-Chi Kuo departs KGI Securities, likely to focus on companies other than Apple

Investors sentiment decreased to 0.69 in 2018 Q1. Its down 0.04, from 0.73 in 2017Q4. It dropped, as 69 investors sold AAPL shares while 1039 reduced holdings. 125 funds opened positions while 645 raised stakes. 2.86 billion shares or 3.74% less from 2.98 billion shares in 2017Q4 were reported. Tiedemann Advsrs Ltd Co owns 0.68% invested in Apple Inc. (NASDAQ:AAPL) for 59,649 shares. Morgens Waterfall Vintiadis Inc accumulated 3,438 shares. Sg Americas Ltd reported 3.56% of its portfolio in Apple Inc. (NASDAQ:AAPL). Gradient Ltd accumulated 65,801 shares. Srb holds 0.03% of its portfolio in Apple Inc. (NASDAQ:AAPL) for 1,204 shares. First Personal Fincl Services has invested 0.68% in Apple Inc. (NASDAQ:AAPL). Moreover, Two Sigma Securities Lc has 0.05% invested in Apple Inc. (NASDAQ:AAPL) for 57,297 shares. Pitcairn owns 0.89% invested in Apple Inc. (NASDAQ:AAPL) for 50,028 shares. 648,678 were reported by Northwestern Mutual Wealth. Independent Invsts reported 386,568 shares. Moreover, Wagner Bowman has 0.95% invested in Apple Inc. (NASDAQ:AAPL). 49,405 were accumulated by Mrj Cap Incorporated. Moreover, Wealthcare Capital Lc has 0.03% invested in Apple Inc. (NASDAQ:AAPL) for 1,596 shares. Gardner Lewis Asset Mgmt Limited Partnership reported 40,080 shares stake. Lumina Fund Mgmt Limited Liability reported 2.95% in Apple Inc. (NASDAQ:AAPL).

Since January 5, 2018, it had 0 insider purchases, and 12 insider sales for $51.10 million activity. 4,867 shares were sold by KONDO CHRIS, worth $910,129. The insider AHRENDTS ANGELA J sold $6.75 million. Another trade for 39,122 shares valued at $6.83M was made by Maestri Luca on Thursday, April 12. $6.51M worth of stock was sold by LEVINSON ARTHUR D on Wednesday, May 9. $2.81 million worth of Apple Inc. (NASDAQ:AAPL) was sold by Srouji Johny. The insider WILLIAMS JEFFREY E sold 15,653 shares worth $2.90 million.

Checchi Capital Advisers Llc, which manages about $305.00M and $758.78M US Long portfolio, decreased its stake in Ishares Tr (EFA) by 21,851 shares to 42,549 shares, valued at $2.97M in 2018Q1, according to the filing. It also reduced its holding in Spdr S&P 500 Etf Tr (SPY) by 43,619 shares in the quarter, leaving it with 2,581 shares, and cut its stake in Toyota Motor Corp (NYSE:TM).

More notable recent Apple Inc. (NASDAQ:AAPL) news were published by: Seekingalpha.com which released: “Deciphering Apple’s Autonomous Vehicle Strategy” on June 13, 2018, also Livetradingnews.com with their article: “Apple Inc. (NASDAQ:AAPL) Stock under Close Observation” published on June 15, 2018, Seekingalpha.com published: “Apple: Too Big To Miss” on June 13, 2018. More interesting news about Apple Inc. (NASDAQ:AAPL) were released by: Fool.com and their article: “Apple, Inc. May Have a New Subscription Service in the Works” published on June 16, 2018 as well as Nasdaq.com‘s news article titled: “Comcast Corporation Threatens Bob Iger’s Swan Song” with publication date: June 16, 2018.

Among 56 analysts covering Apple Inc. (NASDAQ:AAPL), 36 have Buy rating, 1 Sell and 19 Hold. Therefore 64% are positive. Apple Inc. had 421 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by UBS with “Buy” on Wednesday, December 16. The stock of Apple Inc. (NASDAQ:AAPL) has “Buy” rating given on Friday, November 3 by Citigroup. The rating was maintained by Bernstein on Friday, November 3 with “Buy”. The stock of Apple Inc. (NASDAQ:AAPL) earned “Outperform” rating by Daiwa Securities on Tuesday, August 2. The stock of Apple Inc. (NASDAQ:AAPL) has “Hold” rating given on Wednesday, October 28 by Mizuho. Credit Suisse maintained the stock with “Hold” rating in Monday, August 21 report. Brean Capital maintained the shares of AAPL in report on Wednesday, July 27 with “Buy” rating. The firm earned “Market Perform” rating on Friday, February 16 by Raymond James. The stock has “Overweight” rating by PiperJaffray on Friday, December 16. The stock has “Buy” rating by Drexel Hamilton on Wednesday, October 26.

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 stock has “Neutral” rating by JP Morgan on Wednesday, May 10. The firm has “Hold” rating by Jefferies given on Friday, November 3. The stock of Occidental Petroleum Corporation (NYSE:OXY) has “Equal-Weight” rating given on Wednesday, October 18 by Morgan Stanley. BMO Capital Markets maintained the shares of OXY in report on Wednesday, June 21 with “Hold” rating. As per Friday, October 13, the company rating was maintained by Bank of America. As per Monday, September 14, the company rating was maintained by Citigroup. Goldman Sachs upgraded Occidental Petroleum Corporation (NYSE:OXY) on Friday, December 16 to “Neutral” rating. Piper Jaffray maintained the stock with “Hold” rating in Tuesday, January 23 report. Citigroup downgraded the stock to “Sell” rating in Friday, July 21 report. The firm earned “Equal-Weight” rating on Wednesday, January 24 by Morgan Stanley.

More important recent Occidental Petroleum Corporation (NYSE:OXY) news were published by: Seekingalpha.com which released: “It Is Strange That This Permian Producer Is Happy About Huge Discounts” on June 11, 2018, also Benzinga.com published article titled: “Occidental To Benefit From Likely Widening In Midland-MEH Spread, Citi Says In Upgrade”, Seekingalpha.com published: “All Aboard The Occidental Petroleum Train” on June 04, 2018. More interesting news about Occidental Petroleum Corporation (NYSE:OXY) was released by: Seekingalpha.com and their article: “Buy This Ground Floor Opportunity For Long-Term Profit” with publication date: May 29, 2018.

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