EOG Resources (EOG) Hit By Morgan Stanley Upgrade; Old National Bancorp Has Decreased By $300,756 Its Occidental Pete Del (OXY) Holding

September 13, 2017 - By Hazel Jackson

Old National Bancorp decreased Occidental Pete Corp Del (OXY) stake by 11.23% reported in 2016Q4 SEC filing. Old National Bancorp sold 4,236 shares as Occidental Pete Corp Del (OXY)’s stock declined 8.50%. The Old National Bancorp holds 33,471 shares with $2.39M value, down from 37,707 last quarter. Occidental Pete Corp Del now has $46.81 billion valuation. The stock rose 0.74% or $0.45 reaching $61.23. About 2.11M shares traded. Occidental Petroleum Corporation (NYSE:OXY) has declined 18.97% since September 13, 2016 and is downtrending. It has underperformed by 35.67% the S&P500.

Among 36 analysts covering EOG Resources (NYSE:EOG), 26 have Buy rating, 0 Sell and 10 Hold. Therefore 72% are positive. EOG Resources has $128 highest and $61 lowest target. $99.36’s average target is 10.65% above currents $89.8 stock price. EOG Resources had 86 analyst reports since July 22, 2015 according to SRatingsIntel. The stock has “Hold” rating by Johnson Rice on Thursday, May 19. The firm earned “Overweight” rating on Wednesday, May 10 by Barclays Capital. The rating was upgraded by Capital One on Wednesday, November 16 to “Overweight”. Citigroup maintained it with “Neutral” rating and $86 target in Monday, September 14 report. The rating was maintained by RBC Capital Markets on Tuesday, June 13 with “Hold”. Credit Agricole upgraded EOG Resources Inc (NYSE:EOG) on Monday, August 10 to “Outperform” rating. The rating was downgraded by Raymond James on Monday, November 9 to “Market Perform”. As per Thursday, August 3, the company rating was maintained by Barclays Capital. On Monday, August 10 the stock rating was maintained by RBC Capital Markets with “Outperform”. The rating was maintained by Jefferies on Wednesday, September 7 with “Hold”.

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 60 analyst reports since August 3, 2015 according to SRatingsIntel. Barclays Capital maintained it with “Sell” rating and $50 target in Friday, April 21 report. The stock of Occidental Petroleum Corporation (NYSE:OXY) earned “Buy” rating by Cowen & Co on Tuesday, July 18. On Friday, July 28 the stock rating was maintained by Jefferies with “Hold”. The rating was upgraded by Goldman Sachs on Friday, December 16 to “Neutral”. The stock has “Outperform” rating by Oppenheimer on Monday, August 3. The firm has “Hold” rating given on Wednesday, June 21 by BMO Capital Markets. On Wednesday, May 10 the stock rating was upgraded by JP Morgan to “Neutral”. The stock of Occidental Petroleum Corporation (NYSE:OXY) has “Hold” rating given on Monday, May 29 by Mitsubishi UFJ. The stock has “Equal-Weight” rating by Morgan Stanley on Monday, June 13. Bank of America upgraded the shares of OXY in report on Wednesday, March 15 to “Buy” rating.

Investors sentiment decreased to 0.95 in 2016 Q4. Its down 0.08, from 1.03 in 2016Q3. It turned negative, as 66 investors sold OXY shares while 349 reduced holdings. 87 funds opened positions while 340 raised stakes. 608.36 million shares or 0.76% more from 603.77 million shares in 2016Q3 were reported. Reilly Fin Advisors Lc holds 0.06% or 5,059 shares. Schroder Management Group accumulated 4.57 million shares or 0.62% of the stock. Invesco Limited, a Georgia-based fund reported 9.07 million shares. Adams Natural Resources Fund Inc has invested 4.02% in Occidental Petroleum Corporation (NYSE:OXY). 4,000 were reported by Jacobus Wealth Management. Tortoise Advisors Limited Liability has invested 0% in Occidental Petroleum Corporation (NYSE:OXY). Citadel Advsrs Limited Liability, a Illinois-based fund reported 409,890 shares. Oxbow Ltd Llc owns 16,375 shares. Patten Gru invested 0.52% in Occidental Petroleum Corporation (NYSE:OXY). Panagora Asset Management Inc stated it has 139,095 shares or 0.05% of all its holdings. Ironbridge Mngmt Lp holds 2.16% of its portfolio in Occidental Petroleum Corporation (NYSE:OXY) for 676,790 shares. Centurylink Investment Management Com has 0.76% invested in Occidental Petroleum Corporation (NYSE:OXY) for 31,058 shares. Merriman Wealth Mngmt Limited Liability Corporation invested in 1.12% or 57,305 shares. Moreover, Raymond James Serv Advsr has 0.1% invested in Occidental Petroleum Corporation (NYSE:OXY) for 165,083 shares. Avalon Lc, a Texas-based fund reported 177,263 shares.

Since March 14, 2017, it had 1 buy, and 5 selling transactions for $1.14 million activity. CHAZEN STEPHEN I sold 4,000 shares worth $242,120. Another trade for 1,700 shares valued at $101,745 was made by BURGHER CEDRIC W. on Wednesday, June 7.

Old National Bancorp increased Borgwarner Inc (NYSE:BWA) stake by 10,731 shares to 29,412 valued at $1.16 million in 2016Q4. It also upped Aon Plc (NYSE:AON) stake by 5,928 shares and now owns 98,992 shares. Vanguard Index Fds (VOE) was raised too.

EOG Resources, Inc. explores for, develops, produces and markets natural gas and crude oil in major producing basins in the United States, The Republic of Trinidad and Tobago, the United Kingdom, The People’s Republic of China, Canada and, from time to time, select other international areas. The company has market cap of $51.85 billion. The Company’s activities are all natural gas and crude oil exploration and production related. It currently has negative earnings. As of December 31, 2016, its total estimated net proved reserves were over 2,147 million barrels of oil equivalent , of which over 1178 million barrels (MMBbl) were crude oil and condensate reserves, over 416 MMBbl were natural gas liquids reserves and over 3318 billion cubic feet, or 553 MMBoe, were natural gas reserves.

Since March 27, 2017, it had 0 insider buys, and 1 insider sale for $2.61 million activity. 28,000 shares were sold by WISNER FRANK G, worth $2.61M on Monday, March 27.

About 1.29M shares traded. EOG Resources Inc (NYSE:EOG) has risen 17.15% since September 13, 2016 and is uptrending. It has outperformed by 0.45% the S&P500.

Investors sentiment decreased to 1.02 in 2016 Q4. Its down 0.09, from 1.11 in 2016Q3. It turned negative, as 53 investors sold EOG Resources Inc shares while 306 reduced holdings. 98 funds opened positions while 319 raised stakes. 487.86 million shares or 1.95% more from 478.52 million shares in 2016Q3 were reported. Associated Banc invested in 1.13% or 178,418 shares. Tokio Marine Asset Mngmt Limited has 0.51% invested in EOG Resources Inc (NYSE:EOG) for 43,752 shares. Massachusetts Ser Com Ma accumulated 0.55% or 11.19 million shares. New York-based Capital One Association has invested 0.11% in EOG Resources Inc (NYSE:EOG). Bnp Paribas Arbitrage has invested 0.02% in EOG Resources Inc (NYSE:EOG). Spinnaker Trust holds 0.31% or 22,764 shares. Franklin Street Advisors Incorporated Nc invested in 1.51% or 84,901 shares. Cullen Frost Bankers accumulated 0.08% or 22,377 shares. 3,319 were reported by Haverford Tru. Seaward Management Lp has invested 0.53% in EOG Resources Inc (NYSE:EOG). 2,300 were reported by Retail Bank Pictet & Cie (Asia). Veritable Lp reported 43,198 shares. Whittier reported 0.01% in EOG Resources Inc (NYSE:EOG). Autus Asset Mgmt Limited Liability Company, a Arizona-based fund reported 8,325 shares. Pax World Mgmt Limited Liability Company, a New Hampshire-based fund reported 141,248 shares.

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