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Stack Financial Management Has Cut Its Occidental Petroleum Corp. (OXY) Position by $308,717; Share Value Declined; Scopia Capital Management LP Decreased Its Holding in Baidu (BIDU) as Stock Value Declined

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Matt Sirovich decreased its stake in Baidu Inc (BIDU) by 46.45% based on its latest 2017Q4 regulatory filing with the SEC. Scopia Capital Management Lp sold 616,539 shares as the company’s stock declined 3.38% with the market. The hedge fund run by Matt Sirovich held 710,896 shares of the technology company at the end of 2017Q4, valued at $166.50M, down from 1.33M at the end of the previous reported quarter. Scopia Capital Management Lp who had been investing in Baidu Inc for a number of months, seems to be less bullish one the $80.57 billion market cap company. It closed at $231.41 lastly. It is down 36.72% since April 26, 2017 and is uptrending. It has outperformed by 25.17% the S&P500.

Stack Financial Management Inc decreased its stake in Occidental Petroleum Corp. (OXY) by 2.53% based on its latest 2017Q4 regulatory filing with the SEC. Stack Financial Management Inc sold 4,229 shares as the company’s stock declined 9.82% with the market. The institutional investor held 162,896 shares of the oil & gas production company at the end of 2017Q4, valued at $12.00M, down from 167,125 at the end of the previous reported quarter. Stack Financial Management Inc who had been investing in Occidental Petroleum Corp. for a number of months, seems to be less bullish one the $59.23 billion market cap company. The stock increased 0.03% or $0.02 during the last trading session, reaching $77.36. About 5.58 million shares traded. Occidental Petroleum Corporation (NYSE:OXY) has risen 4.69% since April 26, 2017 and is uptrending. It has underperformed by 6.86% the S&P500.

Among 24 analysts covering Baidu (NASDAQ:BIDU), 10 have Buy rating, 3 Sell and 11 Hold. Therefore 42% are positive. Baidu had 65 analyst reports since July 28, 2015 according to SRatingsIntel. The rating was maintained by Jefferies on Wednesday, February 14 with “Hold”. On Monday, October 31 the stock rating was downgraded by Macquarie Research to “Neutral”. The firm has “Overweight” rating given on Wednesday, May 11 by Morgan Stanley. KeyBanc Capital Markets downgraded the stock to “Sector Weight” rating in Tuesday, July 28 report. The firm has “Underweight” rating given on Monday, December 19 by Cantor Fitzgerald. Daiwa Securities downgraded Baidu, Inc. (NASDAQ:BIDU) on Wednesday, October 7 to “Underperform” rating. As per Friday, October 28, the company rating was downgraded by Credit Suisse. Jefferies maintained the stock with “Buy” rating in Monday, June 19 report. Morgan Stanley upgraded the shares of BIDU in report on Thursday, February 15 to “Overweight” rating. The stock of Baidu, Inc. (NASDAQ:BIDU) earned “Buy” rating by Jefferies on Friday, July 28.

Scopia Capital Management Lp, which manages about $7.11 billion and $5.57B US Long portfolio, upped its stake in Horizon Pharma Plc (NASDAQ:HZNP) by 254,675 shares to 16.37 million shares, valued at $239.01 million in 2017Q4, according to the filing. It also increased its holding in Targa Res Corp (NYSE:TRGP) by 311,699 shares in the quarter, for a total of 2.22 million shares, and has risen its stake in Entercom Communications Corp (NYSE:ETM).

Among 22 analysts covering Occidental Petroleum Corporation (NYSE:OXY), 6 have Buy rating, 1 Sell and 15 Hold. Therefore 27% are positive. Occidental Petroleum Corporation had 90 analyst reports since August 3, 2015 according to SRatingsIntel. The firm has “Underweight” rating given on Monday, September 12 by JP Morgan. The stock has “Sector Perform” rating by Iberia Capital Partners on Thursday, December 17. Piper Jaffray maintained Occidental Petroleum Corporation (NYSE:OXY) on Tuesday, January 23 with “Hold” rating. Citigroup upgraded Occidental Petroleum Corporation (NYSE:OXY) rating on Monday, January 22. Citigroup has “Hold” rating and $73.0 target. As per Monday, December 11, the company rating was initiated by Credit Suisse. The firm earned “Hold” rating on Friday, November 3 by Jefferies. The firm has “Neutral” rating by Bank of America given on Thursday, January 4. The stock of Occidental Petroleum Corporation (NYSE:OXY) has “Hold” rating given on Tuesday, August 29 by Jefferies. The firm has “Underweight” rating given on Monday, November 20 by Barclays Capital. JP Morgan maintained the shares of OXY in report on Monday, April 9 with “Neutral” rating.

Investors sentiment increased to 0.93 in Q4 2017. Its up 0.04, from 0.89 in 2017Q3. It increased, as 51 investors sold OXY shares while 352 reduced holdings. 113 funds opened positions while 262 raised stakes. 613.25 million shares or 1.87% more from 602.00 million shares in 2017Q3 were reported. Mufg Americas Corporation has 0.24% invested in Occidental Petroleum Corporation (NYSE:OXY). Fisher Asset Ltd Liability Com owns 10,373 shares. Moreover, Central Fincl Bank And Trust has 0.4% invested in Occidental Petroleum Corporation (NYSE:OXY) for 22,701 shares. Mitchell Grp Inc holds 3.86% of its portfolio in Occidental Petroleum Corporation (NYSE:OXY) for 306,313 shares. Personal holds 219,038 shares or 0.28% of its portfolio. Creative Planning, Kansas-based fund reported 58,545 shares. Bryn Mawr owns 0.7% invested in Occidental Petroleum Corporation (NYSE:OXY) for 173,265 shares. Clear Harbor Asset Mgmt Ltd Liability Co has invested 0.08% of its portfolio in Occidental Petroleum Corporation (NYSE:OXY). Teachers Insurance & Annuity Association Of America holds 0.61% or 162,162 shares. Stephens Ar has invested 0.33% of its portfolio in Occidental Petroleum Corporation (NYSE:OXY). Contravisory Investment Mgmt has invested 0% of its portfolio in Occidental Petroleum Corporation (NYSE:OXY). Hermes Investment Limited invested in 0.05% or 45,172 shares. King Luther Corp has invested 0.87% in Occidental Petroleum Corporation (NYSE:OXY). Washington reported 84,897 shares. Principal Fincl Group accumulated 2.40 million shares or 0.16% of the stock.

Occidental Petroleum Corporation (NYSE:OXY) Institutional Positions Chart

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