Hartford Investment Management Co Has Trimmed Its Occidental Petroleum (OXY) Holding by $530,199 as Stock Price Declined; First Financial Bank – Trust Division Has Decreased Holding in Visa Cl A (V) by $1.49 Million

May 22, 2018 - By Adrian Erickson

Visa Inc. (NYSE:V) Logo

Hartford Investment Management Co decreased its stake in Occidental Petroleum Corp (OXY) by 4.36% based on its latest 2017Q4 regulatory filing with the SEC. Hartford Investment Management Co sold 7,263 shares as the company’s stock declined 9.82% with the market. The institutional investor held 159,285 shares of the oil & gas production company at the end of 2017Q4, valued at $11.73 million, down from 166,548 at the end of the previous reported quarter. Hartford Investment Management Co who had been investing in Occidental Petroleum Corp for a number of months, seems to be less bullish one the $65.70 billion market cap company. The stock increased 0.43% or $0.37 during the last trading session, reaching $85.79. About 5.81 million shares traded or 2.23% up from the average. Occidental Petroleum Corporation (NYSE:OXY) has risen 4.69% since May 22, 2017 and is uptrending. It has underperformed by 6.86% the S&P500.

First Financial Bank – Trust Division decreased its stake in Visa Inc Cl A (V) by 15.71% based on its latest 2017Q4 regulatory filing with the SEC. First Financial Bank – Trust Division sold 13,044 shares as the company’s stock rose 4.18% while stock markets declined. The institutional investor held 69,985 shares of the business services company at the end of 2017Q4, valued at $7.98 million, down from 83,029 at the end of the previous reported quarter. First Financial Bank – Trust Division who had been investing in Visa Inc Cl A for a number of months, seems to be less bullish one the $292.65 billion market cap company. The stock increased 0.56% or $0.73 during the last trading session, reaching $130.66. About 5.59M shares traded. Visa Inc. (NYSE:V) has risen 31.98% since May 22, 2017 and is uptrending. It has outperformed by 20.43% the S&P500.

First Financial Bank – Trust Division, which manages about $606.39 million US Long portfolio, upped its stake in Intel (NASDAQ:INTC) by 93,501 shares to 190,948 shares, valued at $8.82M in 2017Q4, according to the filing. It also increased its holding in Ishares (QUAL) by 5,705 shares in the quarter, for a total of 174,824 shares, and has risen its stake in Ishares (IWM).

Investors sentiment increased to 1.05 in 2017 Q4. Its up 0.05, from 1 in 2017Q3. It is positive, as 55 investors sold V shares while 605 reduced holdings. 141 funds opened positions while 552 raised stakes. 1.61 billion shares or 1.83% less from 1.64 billion shares in 2017Q3 were reported. Hwg Limited Partnership has 292 shares for 0.03% of their portfolio. Motco has invested 0.02% in Visa Inc. (NYSE:V). Linscomb And Williams, Texas-based fund reported 34,182 shares. Kensico Capital Mgmt Corp has 7.79% invested in Visa Inc. (NYSE:V). Sabal Tru holds 0.02% or 1,821 shares in its portfolio. Dowling & Yahnke Limited Company owns 94,226 shares or 0.97% of their US portfolio. Iberiabank Corp holds 0.39% of its portfolio in Visa Inc. (NYSE:V) for 21,629 shares. Rosenblum Silverman Sutton S F Ca reported 5.38% in Visa Inc. (NYSE:V). Paradigm Asset Mgmt Communications Ltd Limited Liability Company reported 0.67% of its portfolio in Visa Inc. (NYSE:V). Jacobs Com Ca holds 119,838 shares. Dsm Prtn Ltd Com reported 6.26% stake. Palisade Cap Management Ltd Nj reported 0.43% in Visa Inc. (NYSE:V). Northside Cap Ltd Liability Corp accumulated 12,760 shares or 0.41% of the stock. Trustmark National Bank & Trust Tru Department reported 3,098 shares. Rbf Limited Liability holds 1.2% or 95,000 shares.

Since December 13, 2017, it had 0 insider buys, and 5 sales for $12.69 million activity. $5.65M worth of Visa Inc. (NYSE:V) was sold by MAHON TULLIER KELLY. On Wednesday, December 13 the insider MATSCHULLAT ROBERT W sold $707,561. $205,440 worth of Visa Inc. (NYSE:V) was sold by Biggar Lynne. HOFFMEISTER JAMES H also sold $1.08M worth of Visa Inc. (NYSE:V) shares.

Analysts await Visa Inc. (NYSE:V) to report earnings on July, 19. They expect $1.10 EPS, up 27.91% or $0.24 from last year’s $0.86 per share. V’s profit will be $2.46 billion for 29.70 P/E if the $1.10 EPS becomes a reality. After $1.11 actual EPS reported by Visa Inc. for the previous quarter, Wall Street now forecasts -0.90% negative EPS growth.

More important recent Visa Inc. (NYSE:V) news were published by: Seekingalpha.com which released: “Visa: Next Stop $135” on April 27, 2018, also Investorplace.com published article titled: “3 Hot Trades for the Week Ahead”, Seekingalpha.com published: “Is It Too Late To Buy Visa Stock?” on May 17, 2018. More interesting news about Visa Inc. (NYSE:V) was released by: 247Wallst.com and their article: “Can Visa Deliver Another Earnings Beat?” with publication date: April 25, 2018.

Among 43 analysts covering Visa Inc. (NYSE:V), 34 have Buy rating, 0 Sell and 9 Hold. Therefore 79% are positive. Visa Inc. had 131 analyst reports since July 21, 2015 according to SRatingsIntel. On Thursday, October 8 the stock rating was initiated by Guggenheim with “Buy”. RBC Capital Markets maintained Visa Inc. (NYSE:V) rating on Friday, July 24. RBC Capital Markets has “Outperform” rating and $82 target. The firm has “Buy” rating given on Friday, July 14 by Cowen & Co. As per Wednesday, December 13, the company rating was maintained by KeyBanc Capital Markets. As per Tuesday, October 10, the company rating was upgraded by Wells Fargo. The rating was maintained by Nomura with “Buy” on Thursday, October 26. The firm has “Overweight” rating by JP Morgan given on Monday, June 6. The company was maintained on Wednesday, October 18 by Barclays Capital. The stock of Visa Inc. (NYSE:V) has “Buy” rating given on Thursday, February 1 by SunTrust. The firm earned “Overweight” rating on Friday, February 2 by KeyBanc Capital Markets.

Among 22 analysts covering Occidental Petroleum Corporation (NYSE:OXY), 8 have Buy rating, 1 Sell and 13 Hold. Therefore 36% are positive. Occidental Petroleum Corporation had 93 analyst reports since August 3, 2015 according to SRatingsIntel. BMO Capital Markets maintained Occidental Petroleum Corporation (NYSE:OXY) on Monday, February 26 with “Hold” rating. The firm has “Hold” rating by Jefferies given on Friday, July 28. On Friday, March 23 the stock rating was upgraded by Deutsche Bank to “Buy”. The firm has “Neutral” rating given on Wednesday, May 9 by Credit Suisse. The firm has “Sector Perform” rating by RBC Capital Markets given on Thursday, October 29. The firm has “Buy” rating by Bank of America given on Wednesday, March 15. Cowen & Co maintained the stock with “Buy” rating in Sunday, August 20 report. The company was maintained on Friday, September 1 by BMO Capital Markets. The stock of Occidental Petroleum Corporation (NYSE:OXY) has “Underweight” rating given on Wednesday, October 11 by Barclays Capital. Credit Suisse upgraded the shares of OXY in report on Tuesday, March 14 to “Outperform” rating.

Hartford Investment Management Co, which manages about $5.40B US Long portfolio, upped its stake in Zimmer Biomet Holdings In (ZMH) by 5,713 shares to 49,346 shares, valued at $5.96 million in 2017Q4, according to the filing. It also increased its holding in Spectrum Brands Holdings (NYSE:SPB) by 8,187 shares in the quarter, for a total of 58,133 shares, and has risen its stake in Newmont Mining Corp (NYSE:NEM).

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. Vigilant Capital Limited Company has 122 shares. Commonwealth Of Pennsylvania Pub School Empls Retrmt System invested in 0.1% or 102,468 shares. Lord Abbett And Limited Liability Company stated it has 552,370 shares. Tcw Grp holds 16,765 shares or 0.01% of its portfolio. South State Corp holds 0.08% of its portfolio in Occidental Petroleum Corporation (NYSE:OXY) for 10,014 shares. Bessemer Grp Incorporated invested in 2.58 million shares. Whittier Tru Of Nevada Incorporated has invested 0.02% in Occidental Petroleum Corporation (NYSE:OXY). 22.00M are held by Fincl Bank Of America Corporation De. Parkside Commercial Bank And invested in 0.17% or 6,357 shares. Ontario Teachers Pension Plan Board holds 0.09% or 99,484 shares. Qci Asset Management New York stated it has 0.01% in Occidental Petroleum Corporation (NYSE:OXY). 1.42 million are owned by Brown Advisory. Barr E S And Co has 28,346 shares. Brookstone Mgmt owns 88,093 shares. Violich Capital Management holds 0.88% of its portfolio in Occidental Petroleum Corporation (NYSE:OXY) for 46,890 shares.

Analysts await Occidental Petroleum Corporation (NYSE:OXY) to report earnings on August, 1. They expect $1.00 EPS, up 566.67% or $0.85 from last year’s $0.15 per share. OXY’s profit will be $765.77M for 21.45 P/E if the $1.00 EPS becomes a reality. After $0.92 actual EPS reported by Occidental Petroleum Corporation for the previous quarter, Wall Street now forecasts 8.70% EPS growth.

Occidental Petroleum Corporation (NYSE:OXY) Institutional Positions Chart

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