May 9, 2016

JPMorgan Chase & Co. Downgrades Occidental Petroleum Co. (OXY)


Occidental Petroleum Co. (NYSE:OXY) was downgraded by research analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a research note issued on Monday, The Fly reports.
Other institutional investors recently bought and sold shares of the company. Lenox Wealth Advisors raised its position in Occidental Petroleum by 5.2% in the fourth quarter. Lenox Wealth Advisors now owns 887 shares of the company’s stock worth $60,000 after buying an additional 44 shares during the period. Exane Derivatives bought a new position in Occidental Petroleum during the first quarter worth approximately $206,000. Morris Capital Advisors LLC bought a new position in Occidental Petroleum during the first quarter worth approximately $211,000. Eastern Bank bought a new position in Occidental Petroleum during the first quarter worth approximately $260,000. Finally, Investment Centers of America Inc. raised its position in Occidental Petroleum by 20.5% in the first quarter. Investment Centers of America Inc. now owns 4,020 shares of the company’s stock worth $277,000 after buying an additional 683 shares during the period.


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