Cwm LLC Increased Occidental Pete Corp Del (NYSE:OXY) by $3.02 Million as Shares Rose


Cwm Llc increased its stake in Occidental Pete Corp Del (NYSE:OXY) by 20.21% based on its latest 2016Q2 regulatory filing with the SEC. Cwm Llc bought 44,348 shares as the company’s stock rose 1.51% with the market. The institutional investor held 263,780 shares of the oil & gas production company at the end of 2016Q2, valued at $18.05 million, up from 219,432 at the end of the previous reported quarter. Cwm Llc who had been investing in Occidental Pete Corp Del for a number of months, seems to be bullish on the $56.03 billion market cap company. The stock is down 3.00% or $2.28 hitting $73.6, despite the positive news. About 4.07M shares traded hands or 9.41% up from the average. Occidental Petroleum Corporation (NYSE:OXY) has risen 14.59% since February 8, 2016 and is uptrending. It has underperformed by 1.89% the S&P500.

Cwm Llc, which manages about $1.90B and $1.14 billion US Long portfolio, decreased its stake in Claymore Exchange Trd Fd Tr (DEF) by 93,527 shares to 106 shares, valued at $4,000 in 2016Q2, according to the filing. It also reduced its holding in International Business Machs (NYSE:IBM) by 78,005 shares in the quarter, leaving it with 2,595 shares, and cut its stake in Nordstrom Inc (NYSE:JWN).

Cwm Llc is a Nebraska-based institutional investor with more than $1.90 billion AUM in January, 2015. This fund invests only a small percentage of its assets in equities and options. Taken from Cwm latest Adv, the fund reported to have 93 full and part-time employees. Among which 45 performing investment advisory and research functions. The institutional investor had more than 2763 clients.

The institutional sentiment decreased to 1.12 in 2016 Q2. Its down 0.06, from 1.18 in 2016Q1. The ratio dived, as 69 funds sold all OXY shares owned while 340 reduced positions. 79 funds bought stakes while 379 increased positions. They now own 608.99 million shares or 2.93% more from 591.64 million shares in 2016Q1.

Carmignac Gestion holds 3.44% of its portfolio in OXY for 5.32 million shares. Hawkins Capital L.P. owns 134,580 shares or 3.39% of their US portfolio. Moreover, Coho Partners Ltd. has 3.32% invested in the company for 1.21 million shares. The Connecticut-based Sasco Capital Inc Ct has invested 3.3% in the stock. Keystone Financial Planning Inc., a Ohio-based fund reported 62,401 shares.

Out of 11 analysts covering Occidental Petroleum Corporation (NYSE:OXY), 2 rate it a “Buy”, 2 “Sell”, while 7 “Hold”. This means 18% are positive. Occidental Petroleum Corporation has been the topic of 22 analyst reports since September 29, 2015 according to StockzIntelligence Inc. JP Morgan downgraded the stock on September 12 to “Underweight” rating.

Occidental Petroleum Corporation is an gas and oil exploration and production company. The company has a market cap of $56.03 billion. The Firm operates through three divisions: gas and oil, chemical , and midstream and marketing. It currently has negative earnings. The gas and oil segment explores for, develops and produces oil and condensate, natural gas liquids (NGLs) and natural gas.

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