Rite Aid (RAD) Forms $1.64 Double Bottom; Capital Guardian Trust Company Has Raised By $4.98 Million Its Occidental Petroleum (OXY) Stake

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Rite Aid Corporation (RAD) formed double bottom with $1.57 target or 4.00% below today’s $1.64 share price. Rite Aid Corporation (RAD) has $1.74 billion valuation. The stock decreased 0.61% or $0.01 during the last trading session, reaching $1.64. About 14.42 million shares traded. Rite Aid Corporation (NYSE:RAD) has declined 67.83% since April 12, 2017 and is downtrending. It has underperformed by 79.38% the S&P500.

Capital Guardian Trust Company increased Occidental Petroleum Corp (OXY) stake by 15.42% reported in 2017Q4 SEC filing. Capital Guardian Trust Company acquired 68,261 shares as Occidental Petroleum Corp (OXY)’s stock declined 9.82%. The Capital Guardian Trust Company holds 510,956 shares with $37.64 million value, up from 442,695 last quarter. Occidental Petroleum Corp now has $54.88B valuation. The stock increased 1.66% or $1.17 during the last trading session, reaching $71.68. About 5.00M shares traded. Occidental Petroleum Corporation (NYSE:OXY) has risen 4.69% since April 12, 2017 and is uptrending. It has underperformed by 6.86% the S&P500.

Capital Guardian Trust Company decreased Cbs Corp Cl B N/V (NYSE:CBS) stake by 79,071 shares to 16,100 valued at $950,000 in 2017Q4. It also reduced Gannett Co Inc stake by 65,900 shares and now owns 1.26 million shares. Exxon Mobil Corp (NYSE:XOM) was reduced too.

Among 21 analysts covering Occidental Petroleum Corporation (NYSE:OXY), 5 have Buy rating, 1 Sell and 15 Hold. Therefore 24% are positive. Occidental Petroleum Corporation had 88 analyst reports since August 3, 2015 according to SRatingsIntel. Jefferies maintained the shares of OXY in report on Wednesday, December 20 with “Hold” rating. The rating was maintained by BMO Capital Markets with “Hold” on Friday, September 1. As per Monday, September 12, the company rating was downgraded by JP Morgan. Cowen & Co maintained Occidental Petroleum Corporation (NYSE:OXY) on Thursday, January 18 with “Buy” rating. The stock of Occidental Petroleum Corporation (NYSE:OXY) earned “Buy” rating by Bank of America on Friday, October 13. The stock of Occidental Petroleum Corporation (NYSE:OXY) earned “Hold” rating by Jefferies on Friday, October 6. The firm has “Outperform” rating given on Tuesday, March 14 by Credit Suisse. The stock of Occidental Petroleum Corporation (NYSE:OXY) has “Neutral” rating given on Wednesday, January 4 by Bank of America. The firm earned “Hold” rating on Monday, January 22 by Citigroup. On Friday, August 4 the stock rating was maintained by Barclays Capital with “Underweight”.

Investors sentiment increased to 0.93 in Q4 2017. Its up 0.04, from 0.89 in 2017Q3. It improved, 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. Perigon Wealth Mgmt Ltd Liability accumulated 210,172 shares. Meiji Yasuda Asset Mgmt Ltd invested in 25,627 shares or 0.18% of the stock. Bnp Paribas Asset Hldg holds 0.35% or 555,882 shares in its portfolio. Investors Asset Mgmt Of Georgia Ga Adv has 4,844 shares for 0.25% of their portfolio. 4,036 were accumulated by Advsrs Ok. Syntal Cap Partners Limited Liability Company owns 0.28% invested in Occidental Petroleum Corporation (NYSE:OXY) for 12,373 shares. Violich Capital Management reported 46,890 shares or 0.88% of all its holdings. Bank Of Mellon owns 13.86 million shares or 0.27% of their US portfolio. Sky Investment Ltd owns 5,637 shares for 0.16% of their portfolio. Jefferies Group Inc Lc reported 536 shares. Summit Secs Gp Ltd Llc accumulated 0.06% or 7,400 shares. Eagle Asset Management reported 0.59% stake. 316,209 were reported by Nordea Mngmt. Lombard Odier Asset (Switzerland) Sa accumulated 4,053 shares. 4,871 were reported by Savant Capital Ltd Llc.

Among 14 analysts covering Rite Aid (NYSE:RAD), 2 have Buy rating, 2 Sell and 10 Hold. Therefore 14% are positive. Rite Aid has $11 highest and $1.5 lowest target. $4.79’s average target is 192.07% above currents $1.64 stock price. Rite Aid had 25 analyst reports since August 6, 2015 according to SRatingsIntel. The firm has “Neutral” rating by Mizuho given on Friday, October 6. The rating was maintained by RBC Capital Markets on Wednesday, October 25 with “Hold”. Vetr upgraded it to “Buy” rating and $10.14 target in Wednesday, August 19 report. Bank of America initiated Rite Aid Corporation (NYSE:RAD) rating on Thursday, August 13. Bank of America has “Buy” rating and $11 target. As per Wednesday, January 6, the company rating was downgraded by Evercore. The rating was downgraded by Deutsche Bank on Friday, April 8 to “Hold”. Goldman Sachs downgraded the shares of RAD in report on Thursday, October 29 to “Neutral” rating. Vetr downgraded Rite Aid Corporation (NYSE:RAD) on Thursday, August 6 to “Buy” rating. Vetr upgraded Rite Aid Corporation (NYSE:RAD) on Friday, August 14 to “Buy” rating. The stock has “Neutral” rating by Mizuho on Thursday, July 20.

Analysts await Rite Aid Corporation (NYSE:RAD) to report earnings on April, 24.

Investors sentiment decreased to 0.87 in 2017 Q4. Its down 0.10, from 0.97 in 2017Q3. It fall, as 41 investors sold Rite Aid Corporation shares while 86 reduced holdings. 45 funds opened positions while 66 raised stakes. 490.70 million shares or 4.42% less from 513.41 million shares in 2017Q3 were reported. Connor Clark Lunn Investment Mgmt holds 1.46M shares or 0.02% of its portfolio. Sei owns 0% invested in Rite Aid Corporation (NYSE:RAD) for 2,162 shares. Vantage Investment Advisors Lc holds 0% or 1,000 shares. Northern Trust Corporation holds 5.17 million shares or 0% of its portfolio. Da Davidson stated it has 0% in Rite Aid Corporation (NYSE:RAD). 50,000 are held by Harvey Management. Toth Finance Advisory reported 15,700 shares. 301,305 are owned by Mark Sheptoff Planning Limited Company. Marshall Wace Ltd Liability Partnership reported 70,639 shares or 0.01% of all its holdings. The Pennsylvania-based Lincoln National Corporation has invested 0% in Rite Aid Corporation (NYSE:RAD). Virtu Financial Limited Liability has invested 0.01% in Rite Aid Corporation (NYSE:RAD). Cohen Cap reported 42,435 shares. Pinnacle reported 19,000 shares stake. The Pennsylvania-based Commonwealth Of Pennsylvania Public School Empls Retrmt Sys has invested 0.07% in Rite Aid Corporation (NYSE:RAD). Principal Group owns 147,854 shares for 0% of their portfolio.

Occidental Petroleum Corporation (NYSE:OXY) Institutional Positions Chart