As Occidental Pete Del (OXY) Market Value Declined, Guinness Atkinson Asset Management Trimmed Its Holding by $408,800; Biogen (BIIB) Position Lifted by Sarissa Capital Management Lp

May 24, 2018 - By Ash

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Alex Denner increased its stake in Biogen Inc (BIIB) by 7.82% based on its latest 2017Q4 regulatory filing with the SEC. Sarissa Capital Management Lp bought 30,000 shares as the company’s stock declined 17.01% with the market. The hedge fund run by Alex Denner held 413,858 shares of the biological products (no diagnostic substances) company at the end of 2017Q4, valued at $131.84 million, up from 383,858 at the end of the previous reported quarter. Sarissa Capital Management Lp who had been investing in Biogen Inc for a number of months, seems to be bullish on the $59.82 billion market cap company. The stock decreased 0.09% or $0.26 during the last trading session, reaching $283.49. About 660,442 shares traded. Biogen Inc. (NASDAQ:BIIB) has declined 3.66% since May 24, 2017 and is downtrending. It has underperformed by 15.21% the S&P500.

Guinness Atkinson Asset Management Inc decreased its stake in Occidental Pete Corp Del (OXY) by 26.54% based on its latest 2017Q4 regulatory filing with the SEC. Guinness Atkinson Asset Management Inc sold 5,600 shares as the company’s stock declined 9.82% with the market. The institutional investor held 15,500 shares of the oil & gas production company at the end of 2017Q4, valued at $1.14 million, down from 21,100 at the end of the previous reported quarter. Guinness Atkinson Asset Management Inc who had been investing in Occidental Pete Corp Del for a number of months, seems to be less bullish one the $64.28 billion market cap company. The stock decreased 1.63% or $1.39 during the last trading session, reaching $83.94. About 2.01 million shares traded. Occidental Petroleum Corporation (NYSE:OXY) has risen 4.69% since May 24, 2017 and is uptrending. It has underperformed by 6.86% the S&P500.

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. The rating was downgraded by JP Morgan on Monday, September 12 to “Underweight”. The rating was maintained by Piper Jaffray with “Hold” on Tuesday, January 23. BMO Capital Markets maintained the stock with “Hold” rating in Tuesday, October 10 report. On Thursday, August 24 the stock rating was maintained by Piper Jaffray with “Hold”. The firm has “Outperform” rating given on Tuesday, March 14 by Credit Suisse. BMO Capital Markets maintained it with “Hold” rating and $55.0 target in Friday, September 1 report. The rating was maintained by Jefferies with “Hold” on Tuesday, August 29. The firm has “Hold” rating by Jefferies given on Friday, January 19. The rating was downgraded by Mizuho to “Neutral” on Monday, February 13. As per Thursday, January 11, the company rating was maintained by BMO Capital Markets.

Analysts await Occidental Petroleum Corporation (NYSE:OXY) to report earnings on August, 1. They expect $1.00 earnings per share, up 566.67% or $0.85 from last year’s $0.15 per share. OXY’s profit will be $765.77M for 20.99 P/E if the $1.00 EPS becomes a reality. After $0.92 actual earnings per share reported by Occidental Petroleum Corporation for the previous quarter, Wall Street now forecasts 8.70% EPS growth.

Investors sentiment increased to 0.93 in Q4 2017. 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. Amica Retiree Med Tru holds 12,035 shares or 0.67% of its portfolio. Baldwin Brothers Inc Ma holds 255 shares or 0% of its portfolio. First Allied Advisory Svcs accumulated 23,866 shares. Strs Ohio stated it has 657,144 shares. Edge Wealth Mngmt Ltd has invested 0.01% in Occidental Petroleum Corporation (NYSE:OXY). Oakbrook Invs invested 0.13% in Occidental Petroleum Corporation (NYSE:OXY). Louisiana State Employees Retirement System invested in 0.15% or 46,300 shares. Coastline Tru reported 45,038 shares. Asset Mngmt Of Georgia Ga Adv reported 4,844 shares stake. Salem Mngmt Inc, a Massachusetts-based fund reported 58,650 shares. Cramer Rosenthal Mcglynn Llc reported 249,370 shares. Grassi Invest holds 0.18% in Occidental Petroleum Corporation (NYSE:OXY) or 15,060 shares. Cambridge Investment Research owns 34,897 shares for 0.03% of their portfolio. Heritage Invsts reported 4,228 shares or 0.02% of all its holdings. South Dakota Invest Council owns 89,800 shares or 0.15% of their US portfolio.

Guinness Atkinson Asset Management Inc, which manages about $379.79M and $163.38M US Long portfolio, upped its stake in Facebook Inc (NASDAQ:FB) by 3,290 shares to 42,290 shares, valued at $7.46M in 2017Q4, according to the filing.

More notable recent Biogen Inc. (NASDAQ:BIIB) news were published by: Etftrends.com which released: “Will “Right to Try” Bill Boost Biotech ETFs?” on May 24, 2018, also Seekingalpha.com with their article: “Biogen’s Ionis Deal Is Brilliant” published on April 25, 2018, Seekingalpha.com published: “Biogen Buy Signal: Alzheimer’s Royalties Option” on May 02, 2018. More interesting news about Biogen Inc. (NASDAQ:BIIB) were released by: Seekingalpha.com and their article: “Biogen: Down Too Far, Too Fast?” published on April 25, 2018 as well as Nasdaq.com‘s news article titled: “3 Big Pharma Stocks with Huge Future Growth Potential” with publication date: May 24, 2018.

Investors sentiment increased to 1.17 in 2017 Q4. Its up 0.04, from 1.13 in 2017Q3. It improved, as 46 investors sold BIIB shares while 305 reduced holdings. 105 funds opened positions while 305 raised stakes. 180.65 million shares or 0.28% less from 181.16 million shares in 2017Q3 were reported. 98,500 were accumulated by Seizert Cap Prtnrs. Fdx Advsr has invested 0.04% in Biogen Inc. (NASDAQ:BIIB). Dimensional Fund Advisors Ltd Partnership holds 565,696 shares or 0.07% of its portfolio. Renaissance Grp Limited Liability reported 1.21% of its portfolio in Biogen Inc. (NASDAQ:BIIB). Swiss Savings Bank accumulated 0.27% or 780,899 shares. Douglass Winthrop Advisors Lc holds 0.04% or 2,550 shares. Gradient Investments Limited Liability invested in 0% or 234 shares. Mairs Power stated it has 0% of its portfolio in Biogen Inc. (NASDAQ:BIIB). Connable Office holds 0.39% or 6,262 shares in its portfolio. Bp Public Lc stated it has 0.27% in Biogen Inc. (NASDAQ:BIIB). Tokio Marine Asset Management Ltd invested 0.39% of its portfolio in Biogen Inc. (NASDAQ:BIIB). Geode Capital Mgmt Ltd Com, Massachusetts-based fund reported 2.44M shares. Hills Bancorporation And invested 0.45% of its portfolio in Biogen Inc. (NASDAQ:BIIB). Polar Capital Limited Liability Partnership holds 0.41% or 123,413 shares in its portfolio. Com Of Toledo Na Oh reported 0.05% stake.

Among 33 analysts covering Biogen Idec Inc. (NASDAQ:BIIB), 24 have Buy rating, 0 Sell and 9 Hold. Therefore 73% are positive. Biogen Idec Inc. had 132 analyst reports since July 23, 2015 according to SRatingsIntel. The stock of Biogen Inc. (NASDAQ:BIIB) has “Buy” rating given on Wednesday, July 26 by H.C. Wainwright. The rating was initiated by Guggenheim on Monday, October 23 with “Buy”. The firm has “Buy” rating given on Tuesday, April 24 by Guggenheim. The firm earned “Buy” rating on Tuesday, April 24 by Oppenheimer. The firm earned “Hold” rating on Monday, July 17 by BMO Capital Markets. On Thursday, April 5 the stock rating was downgraded by Barclays Capital to “Equal-Weight”. The stock has “Hold” rating by Robert W. Baird on Thursday, September 28. The firm earned “Buy” rating on Friday, July 14 by Nomura. The firm has “Hold” rating given on Tuesday, October 24 by Cantor Fitzgerald. As per Thursday, January 25, the company rating was maintained by Robert W. Baird.

Since January 9, 2018, it had 1 insider buy, and 5 sales for $10.09 million activity. Sandrock Alfred also sold $386,712 worth of Biogen Inc. (NASDAQ:BIIB) on Thursday, February 15. DENNER ALEXANDER J bought 48,000 shares worth $12.96 million.

Occidental Petroleum Corporation (NYSE:OXY) Institutional Positions Chart

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