Alps Advisors Has Trimmed Occidental Petroleum (OXY) Holding By $4.03 Million; 11 Analysts Covering Infinera (INFN)

May 23, 2018 - By Clifton Ray

Infinera Corporation (NASDAQ:INFN) Logo

Among 23 analysts covering Infinera Corp. (NASDAQ:INFN), 11 have Buy rating, 0 Sell and 12 Hold. Therefore 48% are positive. Infinera Corp. had 78 analyst reports since July 24, 2015 according to SRatingsIntel. On Monday, March 19 the stock rating was downgraded by Northland Capital to “Market Perform”. On Thursday, June 22 the stock rating was upgraded by B. Riley & Co to “Buy”. Needham upgraded Infinera Corporation (NASDAQ:INFN) rating on Thursday, October 8. Needham has “Buy” rating and $24 target. Citigroup downgraded Infinera Corporation (NASDAQ:INFN) on Thursday, August 25 to “Sell” rating. As per Monday, August 21, the company rating was maintained by Jefferies. Northland Capital maintained Infinera Corporation (NASDAQ:INFN) rating on Monday, September 25. Northland Capital has “Hold” rating and $8.0 target. The stock of Infinera Corporation (NASDAQ:INFN) earned “Hold” rating by Piper Jaffray on Friday, August 4. The stock has “Neutral” rating by M Partners on Thursday, April 28. The firm has “Neutral” rating by Citigroup given on Friday, November 10. As per Monday, August 7, the company rating was maintained by Deutsche Bank. See Infinera Corporation (NASDAQ:INFN) latest ratings:

10/05/2018 Broker: William Blair Rating: Buy Maintain
08/05/2018 Broker: FBR Capital Rating: Hold New Target: $13.0000 Downgrade
03/05/2018 Broker: JP Morgan Rating: Neutral New Target: $13 Initiates Coverage On
03/05/2018 Broker: J.P. Morgan Rating: Hold New Target: $13.0000 Initiate
13/04/2018 Broker: Rosenblatt Rating: Buy New Target: $13.0000
21/03/2018 Broker: Drexel Hamilton Rating: Buy New Target: $13.0
19/03/2018 Broker: Northland Capital Old Rating: Outperform New Rating: Market Perform Downgrade
09/03/2018 Broker: Citigroup Old Rating: Neutral New Rating: Neutral Old Target: $8.5 New Target: $12 Maintain
09/03/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $8 New Target: $9.5 Maintain
08/02/2018 Broker: FBR Capital Rating: Buy New Target: $11.0 Maintain

Alps Advisors Inc decreased Occidental Petroleum Corp (OXY) stake by 7.27% reported in 2017Q4 SEC filing. Alps Advisors Inc sold 55,193 shares as Occidental Petroleum Corp (OXY)’s stock declined 9.82%. The Alps Advisors Inc holds 704,114 shares with $51.87M value, down from 759,307 last quarter. Occidental Petroleum Corp now has $64.64B valuation. The stock decreased 0.64% or $0.545 during the last trading session, reaching $84.405. About 1.08 million shares traded. Occidental Petroleum Corporation (NYSE:OXY) has risen 4.69% since May 23, 2017 and is uptrending. It has underperformed by 6.86% the S&P500.

Alps Advisors Inc increased Liberty Siriusxm Group stake by 14,050 shares to 82,900 valued at $3.29 million in 2017Q4. It also upped Southern Co/The (NYSE:SO) stake by 35,331 shares and now owns 942,372 shares. Vanguard Total Bond Market Etf (BND) was raised too.

Among 22 analysts covering Occidental Petroleum Corporation (NYSE:OXY), 8 have Buy rating, 1 Sell and 13 Hold. Therefore 36% are positive. Occidental Petroleum Corporation had 93 analyst reports since August 3, 2015 according to SRatingsIntel. On Thursday, June 22 the stock rating was maintained by Jefferies with “Hold”. The company was maintained on Wednesday, October 11 by Barclays Capital. As per Monday, December 11, the company rating was initiated by Credit Suisse. The firm has “Hold” rating given on Friday, November 3 by Jefferies. The firm has “Hold” rating given on Monday, May 29 by Mitsubishi UFJ. As per Wednesday, March 15, the company rating was upgraded by Bank of America. The firm has “Hold” rating given on Wednesday, December 20 by Jefferies. The rating was maintained by Cowen & Co on Wednesday, September 27 with “Buy”. The firm has “Hold” rating by Piper Jaffray given on Thursday, August 24. Goldman Sachs upgraded the shares of OXY in report on Friday, December 16 to “Neutral” rating.

Analysts await Occidental Petroleum Corporation (NYSE:OXY) to report earnings on August, 1. They expect $1.00 EPS, up 566.67% or $0.85 from last year’s $0.15 per share. OXY’s profit will be $765.77 million for 21.10 P/E if the $1.00 EPS becomes a reality. After $0.92 actual EPS reported by Occidental Petroleum Corporation for the previous quarter, Wall Street now forecasts 8.70% EPS growth.

Investors sentiment increased to 0.93 in 2017 Q4. Its up 0.04, from 0.89 in 2017Q3. It is positive, as 51 investors sold OXY shares while 352 reduced holdings. 113 funds opened positions while 262 raised stakes. 613.25 million shares or 1.87% more from 602.00 million shares in 2017Q3 were reported. Carret Asset Mngmt has 15,917 shares for 0.18% of their portfolio. Everett Harris Com Ca invested 0.02% in Occidental Petroleum Corporation (NYSE:OXY). Palouse Capital Mngmt Inc has invested 2.26% in Occidental Petroleum Corporation (NYSE:OXY). Cap One National Association reported 0.02% stake. Dekabank Deutsche Girozentrale accumulated 878,361 shares. Employees Retirement Sys Of Ohio invested in 532,977 shares or 0.19% of the stock. Burns J W & Inc Ny reported 22,574 shares stake. Bryn Mawr Trust reported 173,265 shares stake. Bailard accumulated 23,323 shares. Tdam Usa, Ontario – Canada-based fund reported 283,150 shares. First In holds 600 shares. Whittier Trust Com Of Nevada owns 0.02% invested in Occidental Petroleum Corporation (NYSE:OXY) for 2,820 shares. 19,450 were accumulated by Cap Ca. Cypress Asset Mngmt Tx has invested 0.12% in Occidental Petroleum Corporation (NYSE:OXY). Aqr Cap Ltd Liability Com, a Connecticut-based fund reported 803,307 shares.

It closed at $10.1 lastly. It is down 0.28% since May 23, 2017 and is uptrending. It has underperformed by 11.27% the S&P500.

Investors sentiment decreased to 0.79 in Q4 2017. Its down 0.41, from 1.2 in 2017Q3. It dived, as 23 investors sold Infinera Corporation shares while 53 reduced holdings. 19 funds opened positions while 41 raised stakes. 124.27 million shares or 5.97% less from 132.17 million shares in 2017Q3 were reported. California State Teachers Retirement holds 0% in Infinera Corporation (NASDAQ:INFN) or 232,584 shares. Pillar Pacific Capital Mgmt Lc holds 10,000 shares or 0.01% of its portfolio. Fmr Limited Liability Co invested in 22.40 million shares or 0.02% of the stock. Cwm Limited Liability reported 0% of its portfolio in Infinera Corporation (NASDAQ:INFN). First Mercantile Trust invested in 0.03% or 26,784 shares. Eagle Asset reported 3.92M shares. Amer Intl Grp Inc reported 99,389 shares. Fdx Advsr invested in 0% or 13,629 shares. Royal Natl Bank Of Canada, a Ontario – Canada-based fund reported 330,259 shares. Tributary Cap Management Limited Liability Corporation holds 18,300 shares. Commercial Bank Of America De holds 502,793 shares or 0% of its portfolio. Credit Suisse Ag, a Switzerland-based fund reported 167,469 shares. Cubist Systematic Strategies Limited Liability Company holds 0.01% or 20,466 shares in its portfolio. Rhumbline Advisers accumulated 155,679 shares or 0% of the stock. Stone Ridge Asset Ltd Liability Corp accumulated 11,054 shares.

Infinera Corporation provides optical transport networking equipment, software, and services worldwide. The company has market cap of $1.53 billion. The companyÂ’s product portfolio consists of Infinera DTN-X Family of terabit-class transport network platforms, including the XTC Series, XTS Series, and XT Series; and Infinera DTN platform that supports various Ethernet and optical transport network client interfaces for long-haul, subsea, and regional mesh networks. It currently has negative earnings. It also provides Infinera XTM Series carrier-grade packet-optical transport platform that enables high-performance metro networks with service-aware, application-specific capabilities; Infinera XTG Series that is a family of passive optical wavelength-division multiplexing products for metro access applications; and Infinera Cloud Xpress Family multiple platforms that are designed to meet the varying needs of cloud service providers, Internet content providers, Internet exchange service providers, enterprises, and other large-scale data center operators.

Infinera Corporation (NASDAQ:INFN) Institutional Positions Chart

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