Hilltop Holdings Has Raised Occidental Pete Del (OXY) Holding by $326,152 as Shares Declined; Western Digital (WDC) Market Value Rose While First Trust Advisors LP Has Cut Stake by $2.93 Million

October 12, 2017 - By Clifton Ray

Hilltop Holdings Inc increased its stake in Occidental Pete Corp Del (OXY) by 82.16% based on its latest 2017Q2 regulatory filing with the SEC. Hilltop Holdings Inc bought 5,528 shares as the company’s stock declined 8.50% while stock markets rallied. The institutional investor held 12,256 shares of the oil & gas production company at the end of 2017Q2, valued at $734,000, up from 6,728 at the end of the previous reported quarter. Hilltop Holdings Inc who had been investing in Occidental Pete Corp Del for a number of months, seems to be bullish on the $49.15 billion market cap company. The stock declined 0.45% or $0.29 reaching $64.1 on the news. About 1.15 million shares traded. Occidental Petroleum Corporation (NYSE:OXY) has declined 18.97% since October 12, 2016 and is downtrending. It has underperformed by 35.67% the S&P500.

First Trust Advisors Lp decreased its stake in Western Digital Corp (WDC) by 3.51% based on its latest 2017Q2 regulatory filing with the SEC. First Trust Advisors Lp sold 33,254 shares as the company’s stock rose 15.69% with the market. The institutional investor held 913,753 shares of the electronic components company at the end of 2017Q2, valued at $80.96M, down from 947,007 at the end of the previous reported quarter. First Trust Advisors Lp who had been investing in Western Digital Corp for a number of months, seems to be less bullish one the $25.30B market cap company. The stock rose 0.09% or $0.08 reaching $85.7. About 1.02M shares traded. Western Digital Corp (NASDAQ:WDC) has risen 125.85% since October 12, 2016 and is uptrending. It has outperformed by 109.15% the S&P500.




First Trust Advisors Lp, which manages about $85.44B and $37.47B US Long portfolio, upped its stake in Smith A O (NYSE:AOS) by 272,194 shares to 440,079 shares, valued at $24.79 million in 2017Q2, according to the filing. It also increased its holding in Heico Corp New (NYSE:HEI) by 125,544 shares in the quarter, for a total of 419,333 shares, and has risen its stake in Worthington Inds Inc (NYSE:WOR).

Investors sentiment increased to 1.12 in Q2 2017. Its up 0.11, from 1.01 in 2017Q1. It is positive, as 41 investors sold WDC shares while 243 reduced holdings. 101 funds opened positions while 216 raised stakes. 233.59 million shares or 1.07% more from 231.11 million shares in 2017Q1 were reported. Piedmont Invest holds 0.01% or 6,517 shares in its portfolio. Moreover, One Natl Association has 0.05% invested in Western Digital Corp (NASDAQ:WDC). Guggenheim Capital Limited reported 808,003 shares or 0.19% of all its holdings. Northern Tru, Illinois-based fund reported 3.19M shares. Palo Capital reported 0.78% stake. Pggm Investments stated it has 138,102 shares. Redwood Invs Limited Company accumulated 142,007 shares. First Quadrant LP Ca accumulated 70,790 shares. Eqis Cap owns 0.16% invested in Western Digital Corp (NASDAQ:WDC) for 30,731 shares. Zeke Advisors Ltd Liability has invested 0.04% of its portfolio in Western Digital Corp (NASDAQ:WDC). 7,921 were reported by First. Meag Munich Ergo Kapitalanlagegesellschaft Mbh stated it has 0.32% in Western Digital Corp (NASDAQ:WDC). Bowling Portfolio Ltd Liability accumulated 28,635 shares. Cubist Systematic Strategies Ltd Llc holds 0.16% or 27,352 shares. Advisor Prtn Limited Co invested in 7,756 shares.

Among 35 analysts covering Western Digital (NASDAQ:WDC), 24 have Buy rating, 1 Sell and 10 Hold. Therefore 69% are positive. Western Digital had 131 analyst reports since July 23, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Wednesday, June 21 by Mizuho. Stifel Nicolaus maintained Western Digital Corp (NASDAQ:WDC) on Tuesday, June 27 with “Buy” rating. The firm earned “Buy” rating on Monday, July 17 by Cowen & Co. RBC Capital Markets maintained it with “Buy” rating and $115.0 target in Tuesday, October 10 report. Jefferies maintained it with “Buy” rating and $54 target in Wednesday, August 17 report. The firm earned “Buy” rating on Wednesday, June 21 by Benchmark. Jefferies maintained the stock with “Hold” rating in Thursday, August 17 report. The firm has “Buy” rating by Stifel Nicolaus given on Wednesday, June 21. The company was upgraded on Thursday, July 30 by Credit Agricole. Maxim Group maintained the stock with “Buy” rating in Wednesday, June 21 report.

Since April 28, 2017, it had 0 insider buys, and 13 insider sales for $16.65 million activity. Shares for $107,427 were sold by RAY MICHAEL CHARLES. On Thursday, May 4 Sivaram Srinivasan sold $3.58M worth of Western Digital Corp (NASDAQ:WDC) or 40,182 shares. $447,996 worth of Western Digital Corp (NASDAQ:WDC) was sold by CORDANO MICHAEL D. On Monday, May 1 BHATIA MANISH H sold $1.16 million worth of Western Digital Corp (NASDAQ:WDC) or 13,295 shares. On Monday, May 1 the insider DeMaria Jacqueline sold $1.86M.

Analysts await Western Digital Corp (NASDAQ:WDC) to report earnings on October, 25. They expect $3.00 earnings per share, up 154.24% or $1.82 from last year’s $1.18 per share. WDC’s profit will be $885.65M for 7.14 P/E if the $3.00 EPS becomes a reality. After $2.63 actual earnings per share reported by Western Digital Corp for the previous quarter, Wall Street now forecasts 14.07% EPS growth.

More notable recent Western Digital Corp (NASDAQ:WDC) news were published by: Businesswire.com which released: “Western Digital Unveils Next-Generation Technology to Preserve and Access the …” on October 11, 2017, also Streetinsider.com with their article: “UPDATE: Deutsche Bank Downgrades Western Digital Corp. (WDC) to Hold” published on October 05, 2017, Benzinga.com published: “What Uncertainty Around Toshiba’s Future Means For Western Digital” on October 05, 2017. More interesting news about Western Digital Corp (NASDAQ:WDC) were released by: Streetinsider.com and their article: “Western Digital Corp. (WDC) PT Lowered to $93 at UBS; ‘C2018 Looks Weaker than …” published on October 12, 2017 as well as Bizjournals.com‘s news article titled: “Report: How Western Digital blew the biggest deal in the company’s history (Video)” with publication date: October 02, 2017.

Among 21 analysts covering Occidental Petroleum Corporation (NYSE:OXY), 5 have Buy rating, 2 Sell and 14 Hold. Therefore 24% are positive. Occidental Petroleum Corporation had 64 analyst reports since August 3, 2015 according to SRatingsIntel. The company was maintained on Friday, October 6 by Jefferies. Cowen & Co maintained it with “Buy” rating and $80.0 target in Wednesday, September 27 report. Barclays Capital maintained it with “Underweight” rating and $38 target in Friday, August 4 report. On Monday, February 13 the stock rating was downgraded by Mizuho to “Neutral”. As per Thursday, August 10, the company rating was maintained by Piper Jaffray. Iberia Capital Partners downgraded the stock to “Sector Perform” rating in Thursday, December 17 report. The company was maintained on Thursday, July 14 by Barclays Capital. The company was downgraded on Monday, June 13 by Morgan Stanley. The firm earned “Market Perform” rating on Wednesday, January 11 by BMO Capital Markets. Barclays Capital maintained the stock with “Sell” rating in Friday, April 21 report.

More recent Occidental Petroleum Corporation (NYSE:OXY) news were published by: Worldoil.com which released: “Occidental Petroleum reports $70-million third-quarter loss from Hurricane Harvey” on October 04, 2017. Also Nasdaq.com published the news titled: “Commit To Buy Occidental Petroleum Corp At $47.50, Earn 3.6% Using Options” on September 20, 2017. Seekingalpha.com‘s news article titled: “Reuters: Shell seeks buyers for Oman field stake” with publication date: October 10, 2017 was also an interesting one.

Hilltop Holdings Inc, which manages about $340.73M US Long portfolio, decreased its stake in Southern Co (NYSE:SO) by 6,434 shares to 20,782 shares, valued at $995,000 in 2017Q2, according to the filing. It also reduced its holding in Ishares Tr (IJH) by 8,604 shares in the quarter, leaving it with 8,747 shares, and cut its stake in Mcdonalds Corp (NYSE:MCD).

Investors sentiment decreased to 0.95 in 2017 Q2. Its down 0.08, from 1.03 in 2017Q1. It dived, as 82 investors sold OXY shares while 326 reduced holdings. 72 funds opened positions while 315 raised stakes. 607.21 million shares or 0.72% less from 611.64 million shares in 2017Q1 were reported. Employees Retirement System Of Texas reported 0.11% of its portfolio in Occidental Petroleum Corporation (NYSE:OXY). 2,244 are held by Howe And Rusling. Arrowgrass Capital Prns (Us) Lp holds 0.01% in Occidental Petroleum Corporation (NYSE:OXY) or 17,867 shares. Federated Pa reported 7.57 million shares. Orrstown Fincl Services has invested 0.77% in Occidental Petroleum Corporation (NYSE:OXY). Univest Corp Of Pennsylvania stated it has 1.19% of its portfolio in Occidental Petroleum Corporation (NYSE:OXY). Wetherby Asset Mngmt Inc owns 7,772 shares or 0.08% of their US portfolio. Kcm Inv Advsrs Limited Co accumulated 0.3% or 79,550 shares. Old Natl Bancorporation In owns 0.12% invested in Occidental Petroleum Corporation (NYSE:OXY) for 37,784 shares. Payden And Rygel reported 152,200 shares stake. Vantage Investment Ltd Liability holds 0.01% of its portfolio in Occidental Petroleum Corporation (NYSE:OXY) for 826 shares. Eagleclaw Managment Limited Company holds 0.18% or 4,984 shares. Brookstone Management, a Illinois-based fund reported 101,165 shares. Northeast Investment Mngmt reported 7,093 shares. Davis Selected Advisers holds 6.49M shares or 1.7% of its portfolio.

Since May 2, 2017, it had 1 buying transaction, and 2 sales for $378,235 activity. 1,700 shares valued at $101,745 were bought by BURGHER CEDRIC W. on Wednesday, June 7.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.




Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: