Trending Stock News

As Occidental Pete (OXY) Stock Value Rose, Seaward Management Limited Partnership Has Boosted Its Stake; Balyasny Asset Management Holding in Garmin LTD (GRMN) Upped by $25.30 Million

Occidental Petroleum Corporation (NYSE:OXY) Logo

Dmitry Balyasny increased its stake in Garmin Ltd (GRMN) by 3618.77% based on its latest 2018Q1 regulatory filing with the SEC. Balyasny Asset Management Llc bought 436,243 shares as the company’s stock declined 0.15% with the market. The hedge fund run by Dmitry Balyasny held 448,298 shares of the industrial machinery and components company at the end of 2018Q1, valued at $26.42M, up from 12,055 at the end of the previous reported quarter. Balyasny Asset Management Llc who had been investing in Garmin Ltd for a number of months, seems to be bullish on the $11.58B market cap company. The stock increased 0.84% or $0.51 during the last trading session, reaching $61.44. About 756,361 shares traded. Garmin Ltd. (NASDAQ:GRMN) has risen 16.28% since June 21, 2017 and is uptrending. It has outperformed by 3.71% the S&P500. Some Historical GRMN News: 18/04/2018 – Garmin® introduces the Edge® 130 — a compact GPS bike computer designed for use on any ride; 06/03/2018 – Global Automotive Dashboard Camera Market Report (2017-2021) – Garmin, LG lnnotek, Panasonic and Pittasoft are Dominating – ResearchAndMarkets.com; 18/04/2018 – Garmin® hosts second Connect IQ™ Developer Summit, announces Connect IQ 3.0 with new apps from Trailforks, Yelp, iHeartRadio; 13/03/2018 – Nordea: Nordea rolls out payment solution for Fitbit, Garmin smartwatches; 02/05/2018 – Garmin 1Q Rev $711M; 02/05/2018 – Garmin Backs FY18 Rev $3.2B; 04/05/2018 – Garmin Conference Call Scheduled By Aliya Capital for May. 11; 06/03/2018 – GARMIN INTERNATIONAL – FLIGHT PLANS MAY BE TRANSFERRED FROM FLTPLAN GO TO GARMIN PILOT APPLICATION FOR IOS AND ANDROID USERS; 02/05/2018 – GARMIN SEES FY ADJ EPS $3.05, EST. $3.08; 06/03/2018 – GARMIN INTERNATIONAL- EXPANDED CONNEXT ECOSYSTEM NOW INCLUDES FLTPLAN.COM WEBSITE, FLTPLAN GO APP ON APPLE AND ANDROID MOBILE DEVICES

Seaward Management Limited Partnership increased its stake in Occidental Pete Corp (OXY) by 6.41% based on its latest 2018Q1 regulatory filing with the SEC. Seaward Management Limited Partnership bought 12,744 shares as the company’s stock rose 22.49% while stock markets declined. The institutional investor held 211,574 shares of the oil & gas production company at the end of 2018Q1, valued at $13.74M, up from 198,830 at the end of the previous reported quarter. Seaward Management Limited Partnership who had been investing in Occidental Pete Corp for a number of months, seems to be bullish on the $63.74 billion market cap company. The stock increased 0.80% or $0.66 during the last trading session, reaching $83.24. About 4.45 million shares traded. Occidental Petroleum Corporation (NYSE:OXY) has risen 35.73% since June 21, 2017 and is uptrending. It has outperformed by 23.16% the S&P500. Some Historical OXY News: 08/05/2018 – Occidental first-quarter profit spikes on rising oil prices; 08/05/2018 – OCCIDENTAL SEES FY 2018 PRODUCTION 645–665 MBOED; 08/05/2018 – OCCIDENTAL ON OUTLOOK FOR MIDLAND TO GULF COAST SAYS PIPELINE CONSTRAINTS WILL REQUIRE RAIL AND TRUCK UTILIZATION; 30/05/2018 – Occidental Presenting at AllianceBernstein Conference Tomorrow; 09/05/2018 – OCCIDENTAL PETROLEUM CORP OXY.N SAYS PRODUCTION FORECAST ASSUMES $63/BARREL WTI OIL PRICE CLc1 AND $67 BRENT PRICE LCOc1 FOR REST OF YEAR; 03/04/2018 – Occidental Closes Above 200-Day Moving Average: Technicals; 22/04/2018 – DJ Occidental Petroleum Corporation, Inst Holders, 1Q 2018 (OXY); 08/05/2018 – OCCIDENTAL PETROLEUM CORP QTRLY REVENUES $3,763 MLN VS $2,957 MLN; 29/05/2018 – OCCIDENTAL PETROLEUM CORP OXY.N : CAPITAL ONE SECURITIES RAISES TO OVERWEIGHT FROM EQUALWEIGHT; 08/05/2018 – OCCIDENTAL PETROLEUM CORP – SEES CHEMICAL SEGMENT ABOUT $300 MLN PRE-TAX INCOME IN 2Q18E

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 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. Ok owns 0.02% invested in Occidental Petroleum Corporation (NYSE:OXY) for 4,981 shares. Mechanics Bancorp Tru Department holds 0.05% of its portfolio in Occidental Petroleum Corporation (NYSE:OXY) for 3,469 shares. 26,953 are held by Twin Tree Management Lp. Kings Point Mngmt holds 0% of its portfolio in Occidental Petroleum Corporation (NYSE:OXY) for 375 shares. Cypress Asset Management Tx holds 0.14% in Occidental Petroleum Corporation (NYSE:OXY) or 7,092 shares. Palouse Cap Management owns 92,365 shares or 2% of their US portfolio. Fjarde Ap reported 133,331 shares. Verition Fund Mngmt Ltd Liability Corp has invested 0.32% in Occidental Petroleum Corporation (NYSE:OXY). Argent Trust stated it has 9,501 shares or 0.17% of all its holdings. Glenview National Bank & Trust Trust Dept owns 5,500 shares for 0.17% of their portfolio. Trexquant LP invested 0.63% in Occidental Petroleum Corporation (NYSE:OXY). Lombard Odier Asset Mngmt (Switzerland) Sa, Switzerland-based fund reported 4,747 shares. S&T Retail Bank Pa reported 95,078 shares stake. Hyman Charles D owns 15,360 shares for 0.12% of their portfolio. Amer Century Cos has invested 0.38% in Occidental Petroleum Corporation (NYSE:OXY).

Seaward Management Limited Partnership, which manages about $2.62 billion and $2.01B US Long portfolio, decreased its stake in Pepsico Inc (NYSE:PEP) by 8,791 shares to 289,294 shares, valued at $31.58M in 2018Q1, according to the filing. It also reduced its holding in Ppg Inds Inc (NYSE:PPG) by 7,800 shares in the quarter, leaving it with 1,800 shares, and cut its stake in Dominion Energy Inc (NYSE:D).

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 firm has “Hold” rating by Piper Jaffray given on Tuesday, November 21. The rating was maintained by Bank of America with “Buy” on Friday, October 13. The rating was maintained by Morgan Stanley with “Equal-Weight” on Wednesday, January 24. JP Morgan downgraded the shares of OXY in report on Monday, May 9 to “Neutral” rating. Mitsubishi UFJ initiated Occidental Petroleum Corporation (NYSE:OXY) on Monday, May 29 with “Hold” rating. JP Morgan downgraded the stock to “Underweight” rating in Monday, September 12 report. On Tuesday, January 12 the stock rating was downgraded by Jefferies to “Hold”. Barclays Capital maintained it with “Underweight” rating and $61 target in Thursday, July 14 report. The rating was maintained by Piper Jaffray on Thursday, August 24 with “Hold”. On Thursday, October 29 the stock rating was maintained by RBC Capital Markets with “Sector Perform”.

More recent Occidental Petroleum Corporation (NYSE:OXY) news were published by: Seekingalpha.com which released: “Ecopetrol has no restart date for Cano Limon pipeline, shut since January” on June 20, 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: “All Aboard The Occidental Petroleum Train” with publication date: June 04, 2018 was also an interesting one.

More recent Garmin Ltd. (NASDAQ:GRMN) news were published by: Investingnews.com which released: “Westpac and FitPay Extend Contactless Payments to More Devices” on June 20, 2018. Also Fool.com published the news titled: “3 Terrible Stocks for Retirees” on June 17, 2018. Fool.com‘s news article titled: “3 High-Yield Tech Stocks” with publication date: June 15, 2018 was also an interesting one.

Investors sentiment decreased to 0.79 in Q1 2018. Its down 0.29, from 1.08 in 2017Q4. It fall, as 28 investors sold GRMN shares while 142 reduced holdings. 48 funds opened positions while 86 raised stakes. 71.26 million shares or 1.45% less from 72.31 million shares in 2017Q4 were reported. Stone Ridge Asset Management Ltd Liability Company owns 13,607 shares. Bokf Na stated it has 109,921 shares. Calamos Advsrs Lc holds 56,535 shares. Gateway Inv Advisers Ltd Llc holds 0.01% or 19,055 shares in its portfolio. First Interstate National Bank holds 420 shares. Signaturefd Limited Liability Company reported 350 shares. 56,345 are owned by Proshare Advsrs Ltd Liability. Prelude Cap Mgmt Ltd reported 0.04% in Garmin Ltd. (NASDAQ:GRMN). 26 are held by Orrstown Fincl Ser. Cipher Cap LP owns 0.04% invested in Garmin Ltd. (NASDAQ:GRMN) for 5,637 shares. State Of Alaska Department Of Revenue reported 21,600 shares. St Johns Investment Ltd Liability Co reported 35 shares. Verition Fund Mngmt Ltd Liability Com has 0.06% invested in Garmin Ltd. (NASDAQ:GRMN). Apg Asset Management Nv has 260,225 shares. Principal Gp, a Iowa-based fund reported 621,545 shares.

Balyasny Asset Management Llc, which manages about $14.49B and $23.94 billion US Long portfolio, decreased its stake in Franklin Res Inc (NYSE:BEN) by 37,632 shares to 44,591 shares, valued at $1.55M in 2018Q1, according to the filing. It also reduced its holding in Grace W R & Co Del New (NYSE:GRA) by 807,000 shares in the quarter, leaving it with 200,333 shares, and cut its stake in W R Berkley Corporation (NYSE:WRB).

Occidental Petroleum Corporation (NYSE:OXY) Institutional Positions Chart

Leave a Reply

Your email address will not be published. Required fields are marked *