As Occidental Pete (OXY) Share Price Declined, Arrow Financial Has Raised Its Holding; Evanson Asset Management Lowered Its Holding in Enterprise Prods Partners L (EPD) as Market Value Declined

April 24, 2018 - By Henry Gaston

Enterprise Products Partners L.P. (NYSE:EPD) Logo

Evanson Asset Management Llc decreased its stake in Enterprise Prods Partners L (EPD) by 16.64% based on its latest 2017Q4 regulatory filing with the SEC. Evanson Asset Management Llc sold 18,248 shares as the company’s stock declined 8.22% with the market. The institutional investor held 91,400 shares of the natural gas distribution company at the end of 2017Q4, valued at $2.42 million, down from 109,648 at the end of the previous reported quarter. Evanson Asset Management Llc who had been investing in Enterprise Prods Partners L for a number of months, seems to be less bullish one the $58.87B market cap company. The stock decreased 0.22% or $0.06 during the last trading session, reaching $27.11. About 691,305 shares traded. Enterprise Products Partners L.P. (NYSE:EPD) has declined 10.03% since April 24, 2017 and is downtrending. It has underperformed by 21.58% the S&P500.

Arrow Financial Corp increased its stake in Occidental Pete Corp (OXY) by 415.77% based on its latest 2017Q4 regulatory filing with the SEC. Arrow Financial Corp bought 4,403 shares as the company’s stock declined 9.82% with the market. The institutional investor held 5,462 shares of the oil & gas production company at the end of 2017Q4, valued at $402,000, up from 1,059 at the end of the previous reported quarter. Arrow Financial Corp who had been investing in Occidental Pete Corp for a number of months, seems to be bullish on the $59.49 billion market cap company. The stock increased 0.58% or $0.45 during the last trading session, reaching $77.69. About 554,483 shares traded. Occidental Petroleum Corporation (NYSE:OXY) has risen 4.69% since April 24, 2017 and is uptrending. It has underperformed by 6.86% the S&P500.

Investors sentiment increased to 0.93 in 2017 Q4. Its up 0.04, from 0.89 in 2017Q3. It is positive, 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. Williams Jones And Associate Lc reported 0.01% stake. Meiji Yasuda Life Company has invested 0.1% in Occidental Petroleum Corporation (NYSE:OXY). Orleans Capital Mgmt La has invested 1% of its portfolio in Occidental Petroleum Corporation (NYSE:OXY). Arizona State Retirement System, a Arizona-based fund reported 286,227 shares. Wealthcare Limited Liability Corp owns 28 shares or 0% of their US portfolio. St Germain D J Inc reported 28,256 shares. Coho Prns Ltd holds 3.26% in Occidental Petroleum Corporation (NYSE:OXY) or 1.79 million shares. Cambridge Investment Rech Advsrs accumulated 34,897 shares. Oregon Pub Employees Retirement Fund holds 80,567 shares. Tsp Cap Gp Lc has invested 0.54% in Occidental Petroleum Corporation (NYSE:OXY). Fernwood Inv Mngmt Lc invested 0.44% of its portfolio in Occidental Petroleum Corporation (NYSE:OXY). Moreover, Nuveen Asset Mgmt Ltd Limited Liability Company has 0.2% invested in Occidental Petroleum Corporation (NYSE:OXY) for 425,491 shares. Jnba Fincl Advisors holds 600 shares or 0.01% of its portfolio. 160 are owned by Tradewinds Mgmt Ltd Llc. Invsts Asset Of Georgia Incorporated Ga Adv reported 4,844 shares.

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. On Tuesday, November 21 the stock rating was maintained by Mizuho with “Hold”. The stock of Occidental Petroleum Corporation (NYSE:OXY) has “Buy” rating given on Friday, March 23 by Deutsche Bank. Oppenheimer maintained the stock with “Outperform” rating in Monday, August 3 report. Mizuho initiated Occidental Petroleum Corporation (NYSE:OXY) on Thursday, October 6 with “Buy” rating. The stock of Occidental Petroleum Corporation (NYSE:OXY) earned “Neutral” rating by JP Morgan on Wednesday, May 10. The stock of Occidental Petroleum Corporation (NYSE:OXY) earned “Neutral” rating by JP Morgan on Thursday, February 15. As per Tuesday, August 29, the company rating was maintained by Jefferies. As per Friday, September 1, the company rating was maintained by BMO Capital Markets. The stock of Occidental Petroleum Corporation (NYSE:OXY) earned “Equal-Weight” rating by Morgan Stanley on Monday, June 13. Morgan Stanley maintained Occidental Petroleum Corporation (NYSE:OXY) rating on Wednesday, October 18. Morgan Stanley has “Equal-Weight” rating and $66 target.

Arrow Financial Corp, which manages about $432.51 million US Long portfolio, decreased its stake in Amazon.Com Inc (NASDAQ:AMZN) by 634 shares to 10,320 shares, valued at $12.07M in 2017Q4, according to the filing. It also reduced its holding in Ishares Msci Emerging Mkt Etf (EEM) by 7,818 shares in the quarter, leaving it with 425,996 shares, and cut its stake in General Electric Corp (NYSE:GE).

Evanson Asset Management Llc, which manages about $3.18B and $493.05 million US Long portfolio, upped its stake in Facebook Inc (NASDAQ:FB) by 6,696 shares to 479,418 shares, valued at $84.60 million in 2017Q4, according to the filing. It also increased its holding in Ishares Tr (IWC) by 6,381 shares in the quarter, for a total of 20,053 shares, and has risen its stake in Ishares Tr (SCZ).

Since March 7, 2018, it had 2 insider purchases, and 0 selling transactions for $1.10 million activity.

Among 26 analysts covering Enterprise Products Partners LP (NYSE:EPD), 26 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Enterprise Products Partners LP had 58 analyst reports since July 23, 2015 according to SRatingsIntel. Jefferies maintained it with “Buy” rating and $3300 target in Thursday, August 3 report. On Thursday, July 13 the stock rating was maintained by Stifel Nicolaus with “Buy”. As per Monday, August 31, the company rating was downgraded by Vetr. Jefferies maintained the shares of EPD in report on Friday, September 1 with “Buy” rating. The stock of Enterprise Products Partners L.P. (NYSE:EPD) earned “Neutral” rating by Seaport Global on Friday, April 29. BMO Capital Markets maintained it with “Buy” rating and $33.0 target in Monday, November 13 report. Stifel Nicolaus maintained Enterprise Products Partners L.P. (NYSE:EPD) rating on Wednesday, January 31. Stifel Nicolaus has “Buy” rating and $32.0 target. On Monday, April 24 the stock rating was maintained by Macquarie Research with “Outperform”. The rating was maintained by BMO Capital Markets with “Buy” on Tuesday, July 11. The stock has “Overweight” rating by Mitsubishi UFG on Thursday, March 31.

Investors sentiment decreased to 0.85 in Q4 2017. Its down 0.15, from 1 in 2017Q3. It worsened, as 60 investors sold EPD shares while 283 reduced holdings. 73 funds opened positions while 219 raised stakes. 750.14 million shares or 4.26% less from 783.53 million shares in 2017Q3 were reported. Moreover, Salient Capital Advisors Ltd has 7.32% invested in Enterprise Products Partners L.P. (NYSE:EPD). The Texas-based Cadence Bank Na has invested 0.33% in Enterprise Products Partners L.P. (NYSE:EPD). Castleark Mgmt Limited Liability Com has invested 0.4% in Enterprise Products Partners L.P. (NYSE:EPD). 3.50 million are owned by Citigroup Inc. Maryland Capital Management owns 39,255 shares or 0.15% of their US portfolio. State Treasurer State Of Michigan owns 92,000 shares for 0.02% of their portfolio. Verity Asset Management owns 0.18% invested in Enterprise Products Partners L.P. (NYSE:EPD) for 9,090 shares. Wespac Advsr Limited Company has invested 0.3% of its portfolio in Enterprise Products Partners L.P. (NYSE:EPD). Whittier Trust Of Nevada has invested 0.04% in Enterprise Products Partners L.P. (NYSE:EPD). Parametric Port Associates Limited Liability Corp owns 0.03% invested in Enterprise Products Partners L.P. (NYSE:EPD) for 1.28 million shares. Gofen & Glossberg Limited Liability Il reported 88,938 shares or 0.08% of all its holdings. Toronto Dominion Bancorporation holds 14,136 shares. Peapack Gladstone Corporation invested 0.03% in Enterprise Products Partners L.P. (NYSE:EPD). Miracle Mile Ltd Company holds 19,108 shares or 0.08% of its portfolio. Wexford Cap Limited Partnership holds 1.53% or 671,938 shares in its portfolio.

Analysts await Enterprise Products Partners L.P. (NYSE:EPD) to report earnings on April, 30 before the open. They expect $0.37 EPS, up 2.78% or $0.01 from last year’s $0.36 per share. EPD’s profit will be $803.42 million for 18.32 P/E if the $0.37 EPS becomes a reality. After $0.37 actual EPS reported by Enterprise Products Partners L.P. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Occidental Petroleum Corporation (NYSE:OXY) Institutional Positions Chart

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By1 Henry Gaston

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