Expensive Market, What To Buy? Occidental Petroleum Corporation (OXY), PepsiCo, Inc. (PEP)

    The shares of Occidental Petroleum Corporation (NYSE:OXY) has been pegged with a rating of Underweight by JP Morgan in its latest research note that was published on August 13th, 2019. The research company has also assigned a $50 price target. JP Morgan wasn’t the only research firm that published a report of Occidental Petroleum Corporation, with other equities research analysts also giving their opinion on the stock. Evercore ISI advised investors in its research note published on August 12th, 2019, to In-line the OXY stock. The stock had earned Equal-Weight rating from Morgan Stanley when it published its report on June 24th, 2019. That day the Morgan Stanley set price target on the stock to $55. The stock was given Market Perform rating by Wells Fargo in its report released on May 21st, 2019. Argus was of a view that OXY is Hold in its latest report on May 16th, 2019. Wolfe Research thinks that OXY is worth Peer Perform rating. This was contained in the firm’s report on May 13th, 2019 in which the stock’s price target was also moved to $65.

    Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 16 believe it has the potential for further growth, thus rating it as Hold while 2 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $61.06. The price of the stock the last time has dropped by -0.70% from its Week high price while it is dropped higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 29.54.

    The shares of the company dipped by -2.37% during the trading session on Wednesday, reaching a low of $43.08 while ending the day at $43.70. During the trading session, a total of 16.43 million shares were traded which represents a -64.16% decline from the average session volume which is 10.01M shares. OXY had ended its last session trading at 44.76. Occidental Petroleum Corporation currently has a market cap of $32.70B, while its P/E ratio stands at 8.71, while its P/E earnings growth sits at 1.78, with a beta of 0.84. Occidental Petroleum Corporation debt-to-equity ratio currently stands at 0.48, while its quick ratio hovers at 1.00. OXY 52-week low price stands at $44.01 while its 52-week high price is $83.35.

    The company in its last quarterly report recorded $0.84 earnings per share which is above the $0.77 predicted by most analysts. The Occidental Petroleum Corporation generated $4,089.00 million in revenue during the last quarter, which is slightly higher than the $4,020.74 million predicted by analysts. In the second quarter last year, the firm recorded $1.22 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -45.24%. Occidental Petroleum Corporation has the potential to record 5.02 EPS for the current fiscal year, according to equities analysts.

    Investment analysts at Atlantic Equities published a research note on July 29th, 2019 where it informed investors and clients that PepsiCo, Inc. (NASDAQ:PEP) is now rated as Overweight. Their price target on the stock stands at $145. Evercore ISI also rated PEP as Downgrade on August 12th, 2019, with its price target of $16 suggesting that PEP could surge by 3.91% from its current share price. Even though the stock has been trading at $129.93/share, analysts expect it to surge higher by -0.62% to reach $134.38/share. It started the day trading at $130.53 and traded between $128.80 and $129.12 throughout the trading session.

    A look at its technical shows that PEP’s 50-day SMA is 131.44 while its 200-day SMA stands at 121.27. The stock has a high of $135.24 for the year while the low is $104.53. The company’s P/E ratio currently sits at 15.30, while the P/B ratio is 12.96. At the moment, only of PepsiCo, Inc. shares were sold short. The company’s average trading volume currently stands at 4.47M shares, which means that the short-interest ratio is just 2.14 days. Over the past seven days, the company moved, with its shift of 1.05%. Looking further, the stock has dropped -0.18% over the past 90 days while it gained 13.14% over the last six months.

    The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The Vanguard Group Inc sold more PEP shares, decreasing its portfolio by -8.96% during the last quarter. This move now sees The Vanguard Group Inc selling -10,941,241 shares in the last quarter, thus it now holds 111,184,510 shares of PEP, with a total valuation of $14,210,492,223. BlackRock Fund Advisors meanwhile bought more PEP shares in the recently filed quarter, changing its stake to $8,522,358,275 worth of shares. SSgA Funds Management Inc followed the path by increasing its PEP portfolio by +2.58% in the quarter. This means that SSgA Funds Management Inc bought 1,640,676 shares in the last quarter and now controls 65,221,512 shares of the PEP stock, with the valuation hitting $8,335,961,449.

    Similarly, Northern Trust Investments Inc increased its PepsiCo, Inc. shares by +2.42% during the recently filed quarter. After buying 489,124 shares in the last quarter, the firm now controls 20,674,965 shares of PepsiCo, Inc. which are valued at $2,642,467,277. In the same vein, Geode Capital Management LLC decreased its PepsiCo, Inc. shares by during the most recent reported quarter. The firm sold -850,352 shares during the quarter which decreased its stakes to 18,619,741 shares and is now valued at $2,379,789,097. Following these latest developments, around 0.10% of PepsiCo, Inc. stocks are owned by institutional investors and hedge funds.