Pomelo Capital Has Decreased Gamestop New (GME) Position; Alliancebernstein LP Lowered Occidental Pete Del (OXY) Position By $17.36 Million

April 21, 2018 - By Adrian Mccoy

Occidental Petroleum Corporation (NYSE:OXY) Logo

Alliancebernstein Lp decreased Occidental Pete Corp Del (OXY) stake by 6.33% reported in 2017Q4 SEC filing. Alliancebernstein Lp sold 237,867 shares as Occidental Pete Corp Del (OXY)’s stock declined 9.82%. The Alliancebernstein Lp holds 3.52M shares with $259.12M value, down from 3.76 million last quarter. Occidental Pete Corp Del now has $58.55 billion valuation. The stock increased 0.63% or $0.48 during the last trading session, reaching $76.47. About 5.03 million shares traded. Occidental Petroleum Corporation (NYSE:OXY) has risen 4.69% since April 21, 2017 and is uptrending. It has underperformed by 6.86% the S&P500.

Pomelo Capital Llc decreased Gamestop Corp New (GME) stake by 75.07% reported in 2017Q4 SEC filing. Pomelo Capital Llc sold 320,114 shares as Gamestop Corp New (GME)’s stock declined 24.11%. The Pomelo Capital Llc holds 106,286 shares with $1.91 million value, down from 426,400 last quarter. Gamestop Corp New now has $1.31B valuation. The stock decreased 4.73% or $0.64 during the last trading session, reaching $12.88. About 6.20 million shares traded or 44.78% up from the average. GameStop Corp. (NYSE:GME) has declined 33.43% since April 21, 2017 and is downtrending. It has underperformed by 44.98% the S&P500.

Among 20 analysts covering GameStop Corp. (NYSE:GME), 10 have Buy rating, 2 Sell and 8 Hold. Therefore 50% are positive. GameStop Corp. had 77 analyst reports since August 6, 2015 according to SRatingsIntel. The stock of GameStop Corp. (NYSE:GME) earned “Buy” rating by Bank of America on Monday, July 11. Robert W. Baird maintained GameStop Corp. (NYSE:GME) on Friday, August 26 with “Outperform” rating. The rating was maintained by Telsey Advisory Group on Friday, March 24 with “Market Perform”. The firm has “Sell” rating given on Monday, February 22 by Benchmark. The rating was maintained by Telsey Advisory Group with “Market Perform” on Friday, August 28. The firm earned “Buy” rating on Thursday, December 10 by SunTrust. PiperJaffray downgraded the shares of GME in report on Wednesday, November 2 to “Neutral” rating. The firm earned “Buy” rating on Friday, December 23 by Mizuho. The firm has “Neutral” rating by Bank of America given on Tuesday, November 24. The stock of GameStop Corp. (NYSE:GME) has “Buy” rating given on Friday, May 26 by Robert W. Baird.

Pomelo Capital Llc increased Adobe Sys Inc (Put) (NASDAQ:ADBE) stake by 214,600 shares to 362,100 valued at $54.02M in 2017Q4. It also upped Amazon Com Inc (Put) (NASDAQ:AMZN) stake by 37,100 shares and now owns 54,600 shares. Constellation Brands Inc (Put) (NYSE:STZ) was raised too.

Analysts await GameStop Corp. (NYSE:GME) to report earnings on May, 24. They expect $0.40 earnings per share, down 36.51% or $0.23 from last year’s $0.63 per share. GME’s profit will be $40.62 million for 8.05 P/E if the $0.40 EPS becomes a reality. After $2.02 actual earnings per share reported by GameStop Corp. for the previous quarter, Wall Street now forecasts -80.20% negative EPS growth.

Investors sentiment increased to 1.46 in 2017 Q4. Its up 0.39, from 1.07 in 2017Q3. It improved, as 37 investors sold GME shares while 70 reduced holdings. 56 funds opened positions while 100 raised stakes. 108.87 million shares or 8.64% more from 100.21 million shares in 2017Q3 were reported. Valley Natl Advisers Inc has 84 shares for 0% of their portfolio. 18,442 were reported by Kbc Group Incorporated Nv. Moreover, California Pub Employees Retirement Sys has 0.01% invested in GameStop Corp. (NYSE:GME) for 593,902 shares. Moreover, Employees Retirement Sys Of Texas has 0% invested in GameStop Corp. (NYSE:GME) for 11,000 shares. Smith Moore Company accumulated 25,735 shares. National Bank Of America Corporation De, a North Carolina-based fund reported 925,864 shares. Acadian Asset Ltd Co, Massachusetts-based fund reported 303 shares. Goldman Sachs Grp Inc invested in 2.29M shares or 0.01% of the stock. Moreover, Transamerica Advsrs Incorporated has 0% invested in GameStop Corp. (NYSE:GME). 34,815 were reported by Cubic Asset Mgmt Lc. 26,485 were reported by Brown Advisory Secs Ltd Limited Liability Company. Advantus Management Inc holds 0.01% or 12,477 shares in its portfolio. Profund Advsrs Ltd Liability Corp stated it has 0.01% of its portfolio in GameStop Corp. (NYSE:GME). Neuberger Berman Gp Ltd Co stated it has 18,919 shares or 0% of all its holdings. Mason Street Advsrs Ltd Liability Com invested in 49,911 shares.

Among 22 analysts covering Occidental Petroleum Corporation (NYSE:OXY), 6 have Buy rating, 1 Sell and 15 Hold. Therefore 27% are positive. Occidental Petroleum Corporation had 90 analyst reports since August 3, 2015 according to SRatingsIntel. The company was upgraded on Wednesday, May 10 by JP Morgan. The rating was initiated by Mitsubishi UFJ with “Hold” on Monday, May 29. The rating was downgraded by Bank of America to “Neutral” on Wednesday, January 4. The firm earned “Neutral” rating on Monday, May 9 by JP Morgan. The firm has “Hold” rating by Jefferies given on Friday, November 3. The rating was maintained by Barclays Capital on Friday, August 4 with “Underweight”. Oppenheimer maintained the shares of OXY in report on Wednesday, September 2 with “Outperform” rating. The company was maintained on Wednesday, June 21 by BMO Capital Markets. Cowen & Co maintained Occidental Petroleum Corporation (NYSE:OXY) on Thursday, January 18 with “Buy” rating. Goldman Sachs upgraded Occidental Petroleum Corporation (NYSE:OXY) on Friday, December 16 to “Neutral” rating.

Investors sentiment increased to 0.93 in Q4 2017. Its up 0.04, from 0.89 in 2017Q3. It increased, 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. Andra Ap has 0.1% invested in Occidental Petroleum Corporation (NYSE:OXY). Rathbone Brothers Public Limited Com, a United Kingdom-based fund reported 5,027 shares. Fayez Sarofim & Com invested in 0.15% or 393,858 shares. Deprince Race & Zollo reported 667,042 shares. Highlander Cap Ltd Liability owns 200 shares for 0.01% of their portfolio. 905,339 were accumulated by Cambiar Investors Limited Liability. Waverton Management holds 0.38% of its portfolio in Occidental Petroleum Corporation (NYSE:OXY) for 87,212 shares. 13.47 million were accumulated by Investors. Hl Fincl Services Ltd Liability holds 0.02% or 10,938 shares. Northwestern Mutual Wealth Management reported 11,838 shares or 0.01% of all its holdings. Palouse Mngmt reported 90,924 shares. The New York-based Laurion Management Limited Partnership has invested 0% in Occidental Petroleum Corporation (NYSE:OXY). Guinness Atkinson Asset Management invested 0.7% in Occidental Petroleum Corporation (NYSE:OXY). Blue Chip reported 1.58% of its portfolio in Occidental Petroleum Corporation (NYSE:OXY). Gulf Financial Bank (Uk), a United Kingdom-based fund reported 241,400 shares.

GameStop Corp. (NYSE:GME) Institutional Positions Chart

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