Occidental Petroleum (OXY) Market Value Declined While Cypress Capital Management Trimmed by $4.33 Million Its Position; As Constellium Nv (CSTM) Share Price Declined, Holder Canyon Capital Advisors Has Decreased by $11.83 Million Its Holding

February 23, 2018 - By Dolores Ford

Cypress Capital Management Llc decreased its stake in Occidental Petroleum Corp (OXY) by 88.49% based on its latest 2017Q3 regulatory filing with the SEC. Cypress Capital Management Llc sold 67,709 shares as the company’s stock declined 8.50% while stock markets rallied. The institutional investor held 8,810 shares of the oil & gas production company at the end of 2017Q3, valued at $566,000, down from 76,519 at the end of the previous reported quarter. Cypress Capital Management Llc who had been investing in Occidental Petroleum Corp for a number of months, seems to be less bullish one the $52.01 billion market cap company. The stock increased 0.07% or $0.05 during the last trading session, reaching $67.97. About 2.05M shares traded. Occidental Petroleum Corporation (NYSE:OXY) has declined 18.97% since February 23, 2017 and is downtrending. It has underperformed by 35.67% the S&P500.

Joshua Friedman decreased its stake in Constellium Nv (CSTM) by 39.04% based on its latest 2017Q3 regulatory filing with the SEC. Canyon Capital Advisors Llc sold 1.18M shares as the company’s stock declined 23.17% while stock markets rallied. The hedge fund run by Joshua Friedman held 1.85M shares of the metal fabrications company at the end of 2017Q3, valued at $18.95M, down from 3.03M at the end of the previous reported quarter. Canyon Capital Advisors Llc who had been investing in Constellium Nv for a number of months, seems to be less bullish one the $1.76 billion market cap company. The stock increased 1.55% or $0.2 during the last trading session, reaching $13.1. About 1.05M shares traded. Constellium N.V (NYSE:CSTM) has risen 20.46% since February 23, 2017 and is uptrending. It has outperformed by 3.76% the S&P500.

Among 12 analysts covering Constellium NV (NYSE:CSTM), 8 have Buy rating, 0 Sell and 4 Hold. Therefore 67% are positive. Constellium NV had 22 analyst reports since August 6, 2015 according to SRatingsIntel. Cowen & Co maintained Constellium N.V (NYSE:CSTM) on Tuesday, February 6 with “Buy” rating. The firm has “Neutral” rating given on Monday, October 5 by Citigroup. The company was downgraded on Friday, May 20 by Societe Generale. Seaport Global downgraded Constellium N.V (NYSE:CSTM) rating on Friday, July 28. Seaport Global has “Hold” rating and $900 target. The stock has “Outperform” rating by Credit Suisse on Friday, March 11. Seaport Global upgraded the shares of CSTM in report on Wednesday, November 23 to “Buy” rating. JP Morgan maintained Constellium N.V (NYSE:CSTM) rating on Wednesday, March 16. JP Morgan has “Overweight” rating and $12 target. The stock of Constellium N.V (NYSE:CSTM) earned “Market Perform” rating by Cowen & Co on Monday, September 21. The firm has “Overweight” rating given on Thursday, November 16 by Morgan Stanley. The firm has “Outperform” rating given on Monday, November 27 by Cowen & Co.

Canyon Capital Advisors Llc, which manages about $20.20 billion and $6.69 billion US Long portfolio, upped its stake in Altaba Inc by 680,000 shares to 51.11 million shares, valued at $3.39B in 2017Q3, according to the filing. It also increased its holding in Plains Gp Hldgs LP by 758,000 shares in the quarter, for a total of 2.12M shares, and has risen its stake in Berry Global Group Inc (NYSE:BERY).

Cypress Capital Management Llc, which manages about $611.62M and $472.02 million US Long portfolio, upped its stake in Oracle Corporation (NYSE:ORCL) by 54,380 shares to 247,793 shares, valued at $11.98 million in 2017Q3, according to the filing. It also increased its holding in Ishares International Select (IDV) by 16,225 shares in the quarter, for a total of 293,250 shares, and has risen its stake in United Technologies Corp (NYSE:UTX).

Investors sentiment decreased to 0.89 in 2017 Q3. Its down 0.06, from 0.95 in 2017Q2. It worsened, 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. Bb&T Securities stated it has 422,915 shares. Jacobs Levy Equity Mngmt Inc has invested 0.13% in Occidental Petroleum Corporation (NYSE:OXY). 13.83 million were accumulated by Wellington Management Gp Llp. Dumont Blake Inv Llc invested in 0.21% or 7,706 shares. Guyasuta Invest Advsrs Incorporated holds 4,246 shares or 0.03% of its portfolio. Hl Fin Ltd holds 0.01% of its portfolio in Occidental Petroleum Corporation (NYSE:OXY) for 10,938 shares. Violich Management owns 47,465 shares or 0.83% of their US portfolio. Plante Moran Financial Advsrs Ltd Limited Liability Company holds 0.07% or 1,834 shares in its portfolio. Credit Investments Limited Liability holds 0.57% of its portfolio in Occidental Petroleum Corporation (NYSE:OXY) for 8,000 shares. 80 are owned by Thompson Davis Inc. City Holdg Company has invested 0.59% in Occidental Petroleum Corporation (NYSE:OXY). Incorporated Ok invested in 3,861 shares. Transamerica Finance Advisors has invested 0% in Occidental Petroleum Corporation (NYSE:OXY). Blb&B Advsrs Limited Liability Co owns 29,990 shares or 0.3% of their US portfolio. Duncker Streett And holds 0.03% or 1,410 shares.

Among 21 analysts covering Occidental Petroleum Corporation (NYSE:OXY), 4 have Buy rating, 1 Sell and 16 Hold. Therefore 19% are positive. Occidental Petroleum Corporation had 84 analyst reports since August 3, 2015 according to SRatingsIntel. The firm earned “Equal-Weight” rating on Wednesday, January 24 by Morgan Stanley. The firm has “Hold” rating by Citigroup given on Monday, January 22. The firm has “Buy” rating given on Wednesday, September 27 by Cowen & Co. BMO Capital Markets maintained Occidental Petroleum Corporation (NYSE:OXY) rating on Friday, September 1. BMO Capital Markets has “Hold” rating and $55.0 target. The stock of Occidental Petroleum Corporation (NYSE:OXY) has “Outperform” rating given on Monday, August 3 by Oppenheimer. Citigroup maintained the shares of OXY in report on Monday, September 14 with “Neutral” rating. JP Morgan upgraded Occidental Petroleum Corporation (NYSE:OXY) on Wednesday, May 10 to “Neutral” rating. Barclays Capital maintained the stock with “Underweight” rating in Friday, August 4 report. The stock has “Hold” rating by BMO Capital Markets on Tuesday, October 10. The company was maintained on Wednesday, October 18 by Morgan Stanley.

Analysts await Occidental Petroleum Corporation (NYSE:OXY) to report earnings on May, 3. They expect $0.66 EPS, up 340.00% or $0.51 from last year’s $0.15 per share. OXY’s profit will be $505.06 million for 25.75 P/E if the $0.66 EPS becomes a reality. After $0.41 actual EPS reported by Occidental Petroleum Corporation for the previous quarter, Wall Street now forecasts 60.98% EPS growth.

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