Occidental Petroleum (OXY) Received Buy By Mizuho Securities with $102.0000 Target; State Street Has Cut Its Cbs (CBS) Position

June 16, 2018 - By Vivian Currie

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State Street Corp decreased Cbs Corp (CBS) stake by 5.99% reported in 2018Q1 SEC filing. State Street Corp sold 869,145 shares as Cbs Corp (CBS)’s stock declined 8.46%. The State Street Corp holds 13.65M shares with $701.41 million value, down from 14.52 million last quarter. Cbs Corp now has $21.28B valuation. The stock increased 1.80% or $0.99 during the last trading session, reaching $56.11. About 4.68M shares traded or 22.23% up from the average. CBS Corporation (NYSE:CBS) has declined 17.26% since June 16, 2017 and is downtrending. It has underperformed by 29.83% the S&P500. Some Historical CBS News: ; 14/05/2018 – CBS said in the lawsuit Shari Redstone presents a significant threat of irreparable and irreversible harm to the company and its stockholders; 16/05/2018 – NATIONAL AMUSEMENTS SAYS PROPOSED CBS DIVIDEND THAT WOULD DILUTE VOTING CONTROL OF REDSTONE FAMILY CONSTITUTES A BREACH OF FIDUCIARY DUTY BY CBS AND WOULD BE INVALID; 03/05/2018 – CBS Corp 1Q Cont Ops EPS $1.32; 18/05/2018 – CBS fight is ‘the beginning of the end’ of dual share structures, says former NBCUniversal CEO; 17/05/2018 – Axios: BREAKING: Judge rules against CBS in its effort to strip company control from Shari Redstone; 17/05/2018 – SCOOP: next step in les moonves — shari redstone battle is that @CBS IGNORES national amusement’s announcement that its has changed bylaws to force a super majority vote to dilute shari’s interest and then file another suit; 23/04/2018 – News This Second: Sources have confirmed to CBS that the incident in Toronto appears to be a deliberate act but there is no; 03/04/2018 – New York Post: CBS makes lowball offer to buy Viacom; 13/04/2018 – Dealbook: The Redstones’ Voting Power Leave Moonves, CBS Few Options: DealBook Briefing; 14/05/2018 – National Amusements Calls Efforts by CBS Management, Independent Directors to Reduce NAI’s Voting Control ‘Outrageous’




Analysts at Mizuho Securities initiated coverage on shares of Occidental Petroleum (NYSE:OXY) in a an analyst note issued to clients and investors on 8 June. The company set a Buy rating on the stock. Mizuho Securities’s target price per share of $102.0000 suggests potential of 22.40% from the stock’s last stock close.

Among 23 analysts covering Occidental Petroleum Corporation (NYSE:OXY), 11 have Buy rating, 1 Sell and 11 Hold. Therefore 48% are positive. Occidental Petroleum Corporation has $102 highest and $38 lowest target. $78.45’s average target is -5.86% below currents $83.33 stock price. Occidental Petroleum Corporation had 97 analyst reports since August 3, 2015 according to SRatingsIntel. As per Thursday, August 10, the company rating was maintained by Piper Jaffray. On Monday, November 20 the stock rating was maintained by Barclays Capital with “Underweight”. The rating was maintained by Morgan Stanley on Wednesday, January 24 with “Equal-Weight”. The firm has “Buy” rating by Cowen & Co given on Sunday, August 20. On Thursday, October 19 the stock rating was maintained by Jefferies with “Hold”. The stock of Occidental Petroleum Corporation (NYSE:OXY) earned “Hold” rating by Jefferies on Tuesday, August 29. The company was downgraded on Thursday, December 17 by Iberia Capital Partners. Citigroup upgraded Occidental Petroleum Corporation (NYSE:OXY) rating on Monday, January 22. Citigroup has “Hold” rating and $73.0 target. The rating was maintained by Oppenheimer with “Outperform” on Wednesday, September 2. On Tuesday, November 21 the stock rating was maintained by Mizuho with “Hold”.

The stock decreased 1.21% or $1.02 during the last trading session, reaching $83.33. About 7.48M shares traded or 37.46% up from the average. Occidental Petroleum Corporation (NYSE:OXY) has risen 35.73% since June 16, 2017 and is uptrending. It has outperformed by 23.16% the S&P500. Some Historical OXY News: 16/04/2018 – OCCIDENTAL PETROLEUM CORP OXY.N : SIMMONS RAISES TARGET PRICE TO $86 FROM $77; 09/05/2018 – OCCIDENTAL PETROLEUM CORP OXY.N SAYS PRODUCTION FORECAST ASSUMES $63/BARREL WTI OIL PRICE CLc1 AND $67 BRENT PRICE LCOc1 FOR REST OF YEAR; 08/05/2018 – OCCIDENTAL INTENDS TO RESUME SHARE BUYBACK PROGRAM IN 2018; 09/04/2018 – Occidental Closes Above 50-Day Moving Average: Technicals; 09/05/2018 – OCCIDENTAL HAS NO BIG PLANS FOR NON-CORE ASSETS SALES: CFO; 20/03/2018 – TPG PACE ENERGY HOLDINGS CORP – MOST RECENTLY, STAVROS SERVED AS CFO OF OCCIDENTAL PETROLEUM CORPORATION; 08/05/2018 – OCCIDENTAL PETROLEUM CORP – REPORTED AND CORE INCOME FOR THE FIRST QUARTER OF 2018 OF $708 MILLION, OR $0.92 PER DILUTED SHARE; 31/05/2018 – OCCIDENTAL PETROLEUM CEO SAYS DON’T WANT TO OWN SOLAR OR WIND, WILL LOOK AT PARTNERSHIPS – CONF; 27/03/2018 – OCCIDENTAL PETROLEUM OXY.N CHIEF EXECUTIVE VICKI HOLLUB SAYS EXPECTS PERMIAN RESOURCES BUSINESS TO BE CASH FLOW BREAKEVEN BY THIRD QUARTER; 03/05/2018 – OCCIDENTAL PETROLEUM CORP OXY.N SETS REGULAR QUARTERLY DIVIDEND OF $0.77/SHR

Occidental Petroleum Corporation engages in the acquisition, exploration, and development of gas and oil properties in the United States and internationally. The company has market cap of $63.81 billion. The firm operates in three divisions: Oil and Gas, Chemical, and Midstream and Marketing. It has a 33.74 P/E ratio. The Oil and Gas segment explores for, develops, and produces oil and condensate, natural gas liquids , and natural gas.

Investors sentiment increased to 0.99 in Q1 2018. Its up 0.06, from 0.93 in 2017Q4. It increased, as 65 investors sold Occidental Petroleum Corporation shares while 335 reduced holdings. 114 funds opened positions while 280 raised stakes. 604.35 million shares or 1.45% less from 613.25 million shares in 2017Q4 were reported. Moreover, Susquehanna Int Grp Ltd Liability Partnership has 0% invested in Occidental Petroleum Corporation (NYSE:OXY). National Bank accumulated 0.05% or 7,727 shares. 1.72M were accumulated by Great West Life Assurance Can. First Republic Inv Mngmt holds 0.19% or 368,113 shares in its portfolio. Atlas Browninc holds 5,219 shares. Moreover, Coastline Company has 0.45% invested in Occidental Petroleum Corporation (NYSE:OXY). Manchester Capital Management Limited Company has 3,008 shares for 0.03% of their portfolio. Personal Capital Corp, a California-based fund reported 274,769 shares. Advisers Limited Liability Corporation reported 261,032 shares. Peapack Gladstone Fincl Corporation has invested 0% in Occidental Petroleum Corporation (NYSE:OXY). Nikko Asset Mngmt Americas has 209,298 shares. Comerica stated it has 0.12% in Occidental Petroleum Corporation (NYSE:OXY). Hbk Sorce Advisory Ltd Liability Corporation has 15,122 shares. Cibc World Markets has 52,609 shares. Td Asset Mgmt reported 0.33% in Occidental Petroleum Corporation (NYSE:OXY).

More recent Occidental Petroleum Corporation (NYSE:OXY) news were published by: Seekingalpha.com which released: “All Aboard The Occidental Petroleum Train” on June 04, 2018. Also Benzinga.com published the news titled: “Occidental To Benefit From Likely Widening In Midland-MEH Spread, Citi Says In Upgrade” on June 05, 2018. Seekingalpha.com‘s news article titled: “It Is Strange That This Permian Producer Is Happy About Huge Discounts” with publication date: June 11, 2018 was also an interesting one.

Analysts await Occidental Petroleum Corporation (NYSE:OXY) to report earnings on August, 1. They expect $1.09 EPS, up 626.67% or $0.94 from last year’s $0.15 per share. OXY’s profit will be $834.69M for 19.11 P/E if the $1.09 EPS becomes a reality. After $0.92 actual EPS reported by Occidental Petroleum Corporation for the previous quarter, Wall Street now forecasts 18.48% EPS growth.

Among 39 analysts covering CBS Corp (NYSE:CBS), 29 have Buy rating, 0 Sell and 10 Hold. Therefore 74% are positive. CBS Corp had 121 analyst reports since August 6, 2015 according to SRatingsIntel. The rating was maintained by Loop Capital with “Buy” on Monday, November 13. The stock of CBS Corporation (NYSE:CBS) has “Hold” rating given on Tuesday, April 3 by KeyBanc Capital Markets. Piper Jaffray maintained it with “Buy” rating and $60 target in Monday, September 21 report. Wells Fargo downgraded the stock to “Market Perform” rating in Tuesday, August 18 report. Needham maintained the shares of CBS in report on Tuesday, January 24 with “Buy” rating. The stock of CBS Corporation (NYSE:CBS) earned “Outperform” rating by Credit Suisse on Friday, August 21. UBS maintained the shares of CBS in report on Wednesday, November 4 with “Neutral” rating. The rating was maintained by Telsey Advisory Group on Friday, May 5 with “Market Perform”. The company was maintained on Tuesday, August 8 by Benchmark. The firm earned “Buy” rating on Tuesday, January 2 by Stephens.

Since January 16, 2018, it had 0 buys, and 14 insider sales for $62.07 million activity. 47,871 shares were sold by Ianniello Joseph R, worth $2.87 million on Thursday, January 25. 85,000 CBS Corporation (NYSE:CBS) shares with value of $4.29 million were sold by MOONVES LESLIE. Anschell Jonathan sold 10,000 shares worth $510,545.

Analysts await CBS Corporation (NYSE:CBS) to report earnings on August, 6. They expect $1.12 earnings per share, up 7.69% or $0.08 from last year’s $1.04 per share. CBS’s profit will be $424.71 million for 12.52 P/E if the $1.12 EPS becomes a reality. After $1.34 actual earnings per share reported by CBS Corporation for the previous quarter, Wall Street now forecasts -16.42% negative EPS growth.

Investors sentiment increased to 0.68 in Q1 2018. Its up 0.09, from 0.59 in 2017Q4. It increased, as 79 investors sold CBS shares while 232 reduced holdings. 62 funds opened positions while 151 raised stakes. 218.74 million shares or 3.33% less from 226.28 million shares in 2017Q4 were reported. Invesco Limited accumulated 2.51 million shares. Palisade Capital Management Limited Liability Corp Nj has invested 0.18% in CBS Corporation (NYSE:CBS). Grantham Mayo Van Otterloo Co Ltd Com owns 126,000 shares. Td Asset Mngmt holds 103,665 shares. The Pennsylvania-based Sageworth Com has invested 0% in CBS Corporation (NYSE:CBS). 284 are owned by Wealthtrust. Rothschild Asset Mgmt Inc reported 0.43% of its portfolio in CBS Corporation (NYSE:CBS). Hsbc Pcl has 427,955 shares for 0.03% of their portfolio. South Dakota Invest Council holds 411,803 shares or 0.48% of its portfolio. Cordasco has 0.01% invested in CBS Corporation (NYSE:CBS). 36,236 were accumulated by Marathon Capital. Prudential stated it has 530,826 shares or 0.04% of all its holdings. 2.97M were reported by Goldman Sachs Grp Inc. Blb&B Advsrs Ltd Liability Company stated it has 8,682 shares. Gabelli & Invest Advisers owns 0.06% invested in CBS Corporation (NYSE:CBS) for 9,242 shares.

More notable recent CBS Corporation (NYSE:CBS) news were published by: Prnewswire.com which released: “CBS Corporation To Report Second Quarter 2018 Results On Thursday, August 2” on June 15, 2018, also Fool.com with their article: “Roku’s 3 Main Areas of Growth” published on June 16, 2018, 247Wallst.com published: “CBS Shareholders Ask Where Their Yachts Are” on May 18, 2018. More interesting news about CBS Corporation (NYSE:CBS) were released by: Seekingalpha.com and their article: “CBS investor files suit against Redstone, NAI” published on June 01, 2018 as well as Globenewswire.com‘s news article titled: “Analysis: Positioning to Benefit within Cars, Iconix Brand Group, NRG Yield, Aramark, CBS, and Live Nation …” with publication date: June 13, 2018.

CBS Corporation (NYSE:CBS) Institutional Positions Chart

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