Sasco Capital Has Trimmed Its Stake in Occidental Petroleum (OXY) by $38.99 Million as Stock Value Declined; Commscope Hldg Co (COMM) Stake Has Boosted by Emory University

February 21, 2018 - By reb123z

Emory University increased its stake in Commscope Hldg Co Inc (COMM) by 22.15% based on its latest 2017Q3 regulatory filing with the SEC. Emory University bought 9,152 shares as the company’s stock declined 6.21% while stock markets rallied. The institutional investor held 50,472 shares of the technology company at the end of 2017Q3, valued at $1.68 million, up from 41,320 at the end of the previous reported quarter. Emory University who had been investing in Commscope Hldg Co Inc for a number of months, seems to be bullish on the $7.40B market cap company. The stock decreased 0.08% or $0.0325 during the last trading session, reaching $38.7475. About 1.04 million shares traded. CommScope Holding Company, Inc. (NASDAQ:COMM) has risen 25.42% since February 21, 2017 and is uptrending. It has outperformed by 8.72% the S&P500.

Sasco Capital Inc decreased its stake in Occidental Petroleum (OXY) by 27.3% based on its latest 2017Q3 regulatory filing with the SEC. Sasco Capital Inc sold 609,225 shares as the company’s stock declined 8.50% while stock markets rallied. The institutional investor held 1.62M shares of the oil & gas production company at the end of 2017Q3, valued at $104.19M, down from 2.23 million at the end of the previous reported quarter. Sasco Capital Inc who had been investing in Occidental Petroleum for a number of months, seems to be less bullish one the $51.83B market cap company. The stock decreased 0.38% or $0.26 during the last trading session, reaching $67.73. About 3.43 million shares traded. Occidental Petroleum Corporation (NYSE:OXY) has declined 18.97% since February 21, 2017 and is downtrending. It has underperformed by 35.67% the S&P500.

Sasco Capital Inc, which manages about $6.25 billion and $2.79 billion US Long portfolio, upped its stake in Ggp Inc by 458,920 shares to 2.07 million shares, valued at $43.05M in 2017Q3, according to the filing.

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 rating was maintained by Jefferies on Thursday, June 22 with “Hold”. JP Morgan upgraded Occidental Petroleum Corporation (NYSE:OXY) on Wednesday, May 10 to “Neutral” rating. The firm has “Underweight” rating by Barclays Capital given on Monday, November 20. The stock has “Buy” rating by Cowen & Co on Sunday, August 20. The firm has “Outperform” rating given on Monday, August 3 by Oppenheimer. Mitsubishi UFJ initiated Occidental Petroleum Corporation (NYSE:OXY) on Monday, May 29 with “Hold” rating. The stock of Occidental Petroleum Corporation (NYSE:OXY) earned “Buy” rating by Cowen & Co on Wednesday, September 27. The firm has “Buy” rating given on Wednesday, March 15 by Bank of America. Cowen & Co maintained Occidental Petroleum Corporation (NYSE:OXY) rating on Tuesday, July 18. Cowen & Co has “Buy” rating and $7500 target. The stock of Occidental Petroleum Corporation (NYSE:OXY) has “Hold” rating given on Tuesday, October 10 by BMO Capital Markets.

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. Yhb Invest Advsrs holds 0.41% or 35,874 shares in its portfolio. Great West Life Assurance Can holds 1.61 million shares. Commerzbank Aktiengesellschaft Fi accumulated 119,497 shares. West Oak Ltd holds 14,420 shares. The Ohio-based Shoker Inv Counsel Inc has invested 0.31% in Occidental Petroleum Corporation (NYSE:OXY). Bradley Foster Sargent Incorporated Ct holds 0.05% or 19,533 shares in its portfolio. Oakworth Capital has 0.04% invested in Occidental Petroleum Corporation (NYSE:OXY). Verition Fund Mgmt Limited Co, a Connecticut-based fund reported 9,109 shares. Commerce Bank stated it has 0.08% of its portfolio in Occidental Petroleum Corporation (NYSE:OXY). Canada Pension Plan Invest Board has invested 0.03% in Occidental Petroleum Corporation (NYSE:OXY). 6,825 are owned by Spinnaker Tru. Sumitomo Mitsui Asset Mgmt Ltd owns 58,794 shares. Everence Mngmt has invested 0.97% in Occidental Petroleum Corporation (NYSE:OXY). Tru Department Mb Bank & Trust N A holds 0.01% or 803 shares in its portfolio. Howe & Rusling holds 1,994 shares or 0.02% of its portfolio.

Analysts await Occidental Petroleum Corporation (NYSE:OXY) to report earnings on May, 3. They expect $0.66 earnings per share, up 340.00% or $0.51 from last year’s $0.15 per share. OXY’s profit will be $505.06 million for 25.66 P/E if the $0.66 EPS becomes a reality. After $0.41 actual earnings per share reported by Occidental Petroleum Corporation for the previous quarter, Wall Street now forecasts 60.98% EPS growth.

Investors sentiment decreased to 0.72 in 2017 Q3. Its down 0.52, from 1.24 in 2017Q2. It worsened, as 61 investors sold COMM shares while 90 reduced holdings. 30 funds opened positions while 78 raised stakes. 191.80 million shares or 0.45% less from 192.66 million shares in 2017Q2 were reported. Dreman Value Mngmt L L C owns 0.01% invested in CommScope Holding Company, Inc. (NASDAQ:COMM) for 489 shares. Fjarde Ap, a Alabama-based fund reported 63,229 shares. Robeco Institutional Asset Mngmt Bv accumulated 3,028 shares or 0% of the stock. 12.22M are owned by Fpr Partners Limited Liability Corp. Toronto Dominion Commercial Bank, Ontario – Canada-based fund reported 8,146 shares. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0.01% of its portfolio in CommScope Holding Company, Inc. (NASDAQ:COMM) for 42,654 shares. Lingohr & Partner Asset Gmbh owns 42,315 shares or 0.69% of their US portfolio. Invesco holds 1.55 million shares or 0.02% of its portfolio. Tiaa Cref Invest Mgmt has invested 0.03% in CommScope Holding Company, Inc. (NASDAQ:COMM). Geode Mgmt Limited Liability Co stated it has 0.02% in CommScope Holding Company, Inc. (NASDAQ:COMM). D E Shaw & invested in 497,316 shares. Nordea Investment Management Ab, a Sweden-based fund reported 6,187 shares. Lyrical Asset Mgmt Lp stated it has 4.59M shares or 1.99% of all its holdings. Moreover, Capital Rech Investors has 0.24% invested in CommScope Holding Company, Inc. (NASDAQ:COMM) for 23.67 million shares. Bank & Trust Of Nova Scotia Tru Co has invested 0% in CommScope Holding Company, Inc. (NASDAQ:COMM).

Among 12 analysts covering CommScope Holding (NASDAQ:COMM), 10 have Buy rating, 0 Sell and 2 Hold. Therefore 83% are positive. CommScope Holding had 35 analyst reports since July 24, 2015 according to SRatingsIntel. On Tuesday, February 16 the stock rating was upgraded by Raymond James to “Outperform”. As per Tuesday, September 5, the company rating was maintained by Jefferies. Raymond James downgraded CommScope Holding Company, Inc. (NASDAQ:COMM) on Tuesday, January 17 to “Mkt Perform” rating. The stock of CommScope Holding Company, Inc. (NASDAQ:COMM) earned “Neutral” rating by Longbow on Friday, August 4. The stock has “Overweight” rating by Barclays Capital on Wednesday, February 14. The rating was upgraded by Longbow on Friday, January 26 to “Buy”. The rating was maintained by Northland Capital with “Hold” on Monday, October 16. The stock of CommScope Holding Company, Inc. (NASDAQ:COMM) has “Hold” rating given on Tuesday, August 8 by Northland Capital. On Tuesday, November 10 the stock rating was maintained by Barclays Capital with “Overweight”. The stock of CommScope Holding Company, Inc. (NASDAQ:COMM) earned “Buy” rating by Jefferies on Tuesday, October 10.

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