Suncor Energy (Call) (SU) Valuation Declined While Capital Fund Management Sa Has Trimmed Position by $7.93 Million; Adell Harriman & Carpenter Lowered Its Stake in Occidental Petro (OXY) by $31.14 Million

January 19, 2018 - By Winifred Garcia

Adell Harriman & Carpenter Inc decreased its stake in Occidental Petro (OXY) by 2.48% based on its latest 2017Q3 regulatory filing with the SEC. Adell Harriman & Carpenter Inc sold 485 shares as the company’s stock declined 8.50% while stock markets rallied. The institutional investor held 19,045 shares of the oil & gas production company at the end of 2017Q3, valued at $1.22 billion, down from 19,530 at the end of the previous reported quarter. Adell Harriman & Carpenter Inc who had been investing in Occidental Petro for a number of months, seems to be less bullish one the $57.65B market cap company. The stock decreased 0.08% or $0.06 during the last trading session, reaching $75.33. About 527,827 shares traded. Occidental Petroleum Corporation (NYSE:OXY) has declined 18.97% since January 19, 2017 and is downtrending. It has underperformed by 35.67% the S&P500.

Capital Fund Management Sa decreased its stake in Suncor Energy Inc (Call) (SU) by 91.59% based on its latest 2017Q3 regulatory filing with the SEC. Capital Fund Management Sa sold 226,568 shares as the company’s stock declined 0.40% while stock markets rallied. The hedge fund held 20,800 shares of the integrated oil company at the end of 2017Q3, valued at $729,000, down from 247,368 at the end of the previous reported quarter. Capital Fund Management Sa who had been investing in Suncor Energy Inc (Call) for a number of months, seems to be less bullish one the $60.47B market cap company. The stock decreased 0.98% or $0.37 during the last trading session, reaching $37.49. About 229,855 shares traded. Suncor Energy Inc. (NYSE:SU) has risen 22.43% since January 19, 2017 and is uptrending. It has outperformed by 5.73% the S&P500.

Analysts await Occidental Petroleum Corporation (NYSE:OXY) to report earnings on February, 8. They expect $0.30 EPS, up 330.77% or $0.43 from last year’s $-0.13 per share. OXY’s profit will be $229.57M for 62.78 P/E if the $0.30 EPS becomes a reality. After $0.18 actual EPS reported by Occidental Petroleum Corporation for the previous quarter, Wall Street now forecasts 66.67% EPS growth.

Adell Harriman & Carpenter Inc, which manages about $528.39 million and $457.71B US Long portfolio, upped its stake in Altria Group Inc (NYSE:MO) by 10 shares to 3,737 shares, valued at $237.00M in 2017Q3, according to the filing. It also increased its holding in Walgreens Boots Alliance by 2,980 shares in the quarter, for a total of 29,036 shares, and has risen its stake in Mcdonalds (NYSE:MCD).

Among 21 analysts covering Occidental Petroleum Corporation (NYSE:OXY), 4 have Buy rating, 2 Sell and 15 Hold. Therefore 19% are positive. Occidental Petroleum Corporation had 78 analyst reports since August 3, 2015 according to SRatingsIntel. The stock of Occidental Petroleum Corporation (NYSE:OXY) has “Sell” rating given on Friday, April 21 by Barclays Capital. Barclays Capital maintained Occidental Petroleum Corporation (NYSE:OXY) on Friday, August 4 with “Underweight” rating. UBS maintained it with “Neutral” rating and $74 target in Thursday, August 4 report. The rating was maintained by Oppenheimer with “Outperform” on Monday, August 3. Oppenheimer maintained the stock with “Outperform” rating in Wednesday, September 2 report. Credit Suisse initiated it with “Hold” rating and $62.0 target in Monday, December 11 report. The company was downgraded on Monday, June 13 by Morgan Stanley. The company was maintained on Monday, November 20 by Barclays Capital. BMO Capital Markets maintained the shares of OXY in report on Thursday, January 11 with “Hold” rating. The firm earned “Sector Perform” rating on Thursday, December 17 by Iberia Capital Partners.

Investors sentiment decreased to 0.89 in 2017 Q3. Its down 0.06, from 0.95 in 2017Q2. It is negative, 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. Baldwin Brothers Ma invested 0.01% in Occidental Petroleum Corporation (NYSE:OXY). Tsp Capital Mgmt Group Ltd reported 16,299 shares. Oregon Pub Employees Retirement Fund holds 80,567 shares or 0.08% of its portfolio. Huntington Bankshares invested in 110,285 shares. Moreover, Archford Capital Strategies Lc has 0.23% invested in Occidental Petroleum Corporation (NYSE:OXY). Gulf Int National Bank & Trust (Uk) Ltd reported 241,400 shares. State Treasurer State Of Michigan stated it has 232,056 shares or 0.12% of all its holdings. Fayez Sarofim And Co invested 0.2% in Occidental Petroleum Corporation (NYSE:OXY). Stevens First Principles Inv reported 345 shares. River Road Asset Mgmt Llc has invested 0.92% in Occidental Petroleum Corporation (NYSE:OXY). Valley Natl Advisers owns 155 shares. Boulegeris Invests invested in 0.42% or 11,845 shares. Bancorpsouth reported 0.02% stake. Griffin Asset Mgmt, New York-based fund reported 8,825 shares. Bailard stated it has 25,026 shares.

Analysts await Suncor Energy Inc. (NYSE:SU) to report earnings on February, 14. They expect $0.38 EPS, up 31.03% or $0.09 from last year’s $0.29 per share. SU’s profit will be $612.89M for 24.66 P/E if the $0.38 EPS becomes a reality. After $0.41 actual EPS reported by Suncor Energy Inc. for the previous quarter, Wall Street now forecasts -7.32% negative EPS growth.

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