Lucas Capital Management Has Cut Its Occidental Petroleum (OXY) Position; Spectranetics (SPNC) Had 4 Bulls

November 14, 2017 - By Dolores Ford

Among 12 analysts covering Spectranetics (NASDAQ:SPNC), 4 have Buy rating, 0 Sell and 8 Hold. Therefore 33% are positive. Spectranetics had 33 analyst reports since July 27, 2015 according to SRatingsIntel. The rating was maintained by Dougherty & Company with “Buy” on Thursday, February 25. Raymond James initiated the shares of SPNC in report on Friday, December 16 with “Outperform” rating. The rating was initiated by Benchmark with “Buy” on Monday, January 4. As per Tuesday, September 22, the company rating was initiated by UBS. The firm earned “Buy” rating on Friday, October 21 by Needham. Needham maintained Spectranetics Corp (NASDAQ:SPNC) on Friday, July 24 with “Buy” rating. The company was initiated on Friday, November 13 by RBC Capital Markets. The firm earned “Strong Buy” rating on Friday, February 26 by Needham. The rating was downgraded by Raymond James on Tuesday, July 25 to “Hold”. Needham downgraded the stock to “Hold” rating in Friday, August 4 report. See Spectranetics Corp (NASDAQ:SPNC) latest ratings:

22/08/2017 Broker: Canaccord Genuity Rating: Hold New Target: $38.5 Maintain
04/08/2017 Broker: Guggenheim Old Rating: Buy New Rating: Neutral Downgrade
04/08/2017 Broker: Stifel Nicolaus Old Rating: Buy New Rating: Hold Downgrade
04/08/2017 Broker: Needham Rating: Hold Downgrade
25/07/2017 Broker: Raymond James Rating: Hold Downgrade
24/07/2017 Broker: RBC Capital Markets Rating: Hold New Target: $27.0000 Maintain
10/07/2017 Broker: Canaccord Genuity Old Rating: Buy New Rating: Hold Downgrade
10/07/2017 Broker: UBS Old Rating: Buy New Rating: Neutral Downgrade
27/06/2017 Broker: Canaccord Genuity Rating: Buy New Target: $37.0000 Maintain
28/06/2017 Broker: Needham Rating: Buy New Target: $38.5000 Maintain

Lucas Capital Management decreased Occidental Petroleum Corp (OXY) stake by 72.15% reported in 2017Q2 SEC filing. Lucas Capital Management sold 20,100 shares as Occidental Petroleum Corp (OXY)’s stock declined 8.50%. The Lucas Capital Management holds 7,757 shares with $464,000 value, down from 27,857 last quarter. Occidental Petroleum Corp now has $51.39 billion valuation. The stock declined 1.15% or $0.78 reaching $67.15 per share. About 1.04 million shares traded. Occidental Petroleum Corporation (NYSE:OXY) has declined 18.97% since November 14, 2016 and is downtrending. It has underperformed by 35.67% the S&P500.

It closed at $38.45 lastly. It is down 67.37% since November 14, 2016 and is uptrending. It has outperformed by 50.67% the S&P500.

Investors sentiment increased to 1.39 in Q2 2017. Its up 0.37, from 1.02 in 2017Q1. It increased, as 32 investors sold Spectranetics Corp shares while 34 reduced holdings. 48 funds opened positions while 44 raised stakes. 34.51 million shares or 10.90% less from 38.73 million shares in 2017Q1 were reported. Hightower Advsr Lc invested 0.01% of its portfolio in Spectranetics Corp (NASDAQ:SPNC). Loomis Sayles And Lp owns 885,573 shares. Legal And General Gru Public Limited Company holds 0% or 15,099 shares in its portfolio. New York-based Amalgamated Bankshares has invested 0.01% in Spectranetics Corp (NASDAQ:SPNC). Trexquant Lp owns 0.11% invested in Spectranetics Corp (NASDAQ:SPNC) for 10,600 shares. Pentwater Management Lp holds 120,000 shares or 0.04% of its portfolio. Bnp Paribas Arbitrage has 0% invested in Spectranetics Corp (NASDAQ:SPNC). Tradewinds Capital Management Limited Liability has invested 0.01% in Spectranetics Corp (NASDAQ:SPNC). Millennium Mngmt reported 714,695 shares or 0.05% of all its holdings. Pier Cap Lc invested in 191,578 shares. Panagora Asset Mgmt Inc has 0% invested in Spectranetics Corp (NASDAQ:SPNC) for 19,087 shares. Timessquare Capital Management Ltd Limited Liability Company reported 360,140 shares. Tiaa Cref Investment Mngmt Limited Liability Co invested in 0% or 145,469 shares. Engineers Gate Manager Limited Partnership reported 42,386 shares stake. Credit Suisse Ag owns 0.02% invested in Spectranetics Corp (NASDAQ:SPNC) for 402,622 shares.

The Spectranetics Corporation develops, makes, markets and distributes single-use medical devices used in minimally invasive procedures within the cardiovascular system. The company has market cap of $1.68 billion. The Company’s products are used to cross, prepare and treat arterial blockages in the heart and legs and to manage pacemaker and defibrillator cardiac leads. It currently has negative earnings. The Company’s geographic divisions are U.S.

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 69 analyst reports since August 3, 2015 according to SRatingsIntel. On Friday, October 13 the stock rating was maintained by Bank of America with “Buy”. The firm has “Neutral” rating by JP Morgan given on Monday, May 9. Morgan Stanley maintained the shares of OXY in report on Wednesday, October 18 with “Equal-Weight” rating. BMO Capital Markets maintained Occidental Petroleum Corporation (NYSE:OXY) rating on Monday, November 6. BMO Capital Markets has “Hold” rating and $63.0 target. The company was initiated on Thursday, October 6 by Mizuho. The stock of Occidental Petroleum Corporation (NYSE:OXY) has “Hold” rating given on Thursday, June 22 by Jefferies. Bank of America upgraded Occidental Petroleum Corporation (NYSE:OXY) on Wednesday, March 15 to “Buy” rating. The rating was downgraded by Citigroup on Friday, July 21 to “Sell”. The firm has “Outperform” rating given on Tuesday, March 14 by Credit Suisse. The firm has “Neutral” rating by Mizuho given on Monday, February 13.

Analysts await Occidental Petroleum Corporation (NYSE:OXY) to report earnings on February, 8. They expect $0.27 EPS, up 307.69% or $0.40 from last year’s $-0.13 per share. OXY’s profit will be $206.63M for 62.18 P/E if the $0.27 EPS becomes a reality. After $0.18 actual EPS reported by Occidental Petroleum Corporation for the previous quarter, Wall Street now forecasts 50.00% EPS growth.

Investors sentiment decreased to 0.95 in Q2 2017. Its down 0.08, from 1.03 in 2017Q1. It turned negative, 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. Wade G W & owns 3,566 shares or 0.03% of their US portfolio. Teachers Insurance And Annuity Association Of America reported 0.42% of its portfolio in Occidental Petroleum Corporation (NYSE:OXY). Gam Hldgs Ag has invested 0.08% of its portfolio in Occidental Petroleum Corporation (NYSE:OXY). Reliance Trust Com Of Delaware holds 0.06% or 7,066 shares in its portfolio. Strategic Fincl Services invested in 36,182 shares. Ruffer Llp holds 26,150 shares or 0.08% of its portfolio. Kbc Group Nv holds 0.09% of its portfolio in Occidental Petroleum Corporation (NYSE:OXY) for 150,656 shares. Shell Asset Management holds 0.42% in Occidental Petroleum Corporation (NYSE:OXY) or 279,580 shares. Legal & General Grp Inc Public Ltd Liability Corporation stated it has 3.91M shares. Hyman Charles D reported 15,360 shares. Dorsey And Whitney Com holds 11,262 shares or 0.13% of its portfolio. Sumitomo Mitsui Tru reported 0.2% in Occidental Petroleum Corporation (NYSE:OXY). 981,093 are owned by King Luther Corporation. Moreover, Tower Rech Cap Limited Liability Corporation (Trc) has 0.06% invested in Occidental Petroleum Corporation (NYSE:OXY) for 9,022 shares. Moreover, Hsbc Hldgs Public Ltd Com has 0.1% invested in Occidental Petroleum Corporation (NYSE:OXY) for 947,195 shares.

Lucas Capital Management increased Wisdomtree Emerging Markets High Dividend Fd (DEM) stake by 9,539 shares to 47,474 valued at $1.95M in 2017Q2. It also upped Pioneer Natural Resources Co (NYSE:PXD) stake by 2,200 shares and now owns 8,840 shares. Ishares Msci Eafe Etf (EFA) was raised too.

Since June 7, 2017, it had 1 insider purchase, and 0 selling transactions for $101,745 activity. BURGHER CEDRIC W. bought $101,745 worth of stock.

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