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OXY: Institutional Buyers & Sellers of Occidental Petroleum Stock - YouTube
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hey everybody this is Rudi for BesterInvestor
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I'm here with your tuesday edition of occidental
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petroleum. It's august 25th and today what we're gonna do is take a
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quick look at the institutional buyers and sellers of occidental
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during the previous quarter
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First we take a look at the summary of occidental
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What I'm going to do here is not spend too much time on the actual
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summary of the stock itself, but I want to really focus in on this little number
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down here. Not the short short interest but
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more the institutional. So, almost 70 of occidental
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is held by institutions. And I thought we should take a look and
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see who these big guys are who are invested in oxy
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because might give you some ideas, not just in terms of who you may
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trust or not trust in terms of entry or exit positions in oxy,
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their trades, but also just to see how they
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actually traded quarter to quarter. Obviously their
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filings are public so it's easy for us to track
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It's also interesting to note that occidental's historical volatility is
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above 100, so the stock has been very volatile. So let's
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take a look and see why.
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Some of these are going to be quite repetitive, so I'm going to go through
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them as quickly as I can. I've got quite a few of them but
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I'm going to kind of whizz through them. Clal
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insurance enterprises reported an almost 9% increase in
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ownership of occidental. We can see in the previous quarter
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they had filed a previous quarter statement where they had about
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1.1 million shares and now they have about 1.2 million shares
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So they've added exactly 100 000 shares to their
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holdings. But the holdings value as you can see has gone from $14 million
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to about $22 million. So if you look at the change in
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shares it's only 8.7% but if you look at the change in value
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it's 61.2% during the second quarter
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nice trade!
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Prudential reported a 16.67% decrease in ownership. So let's take a
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look at this one in a little bit more depth
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they owned 1 million 20,000 shares as at the end
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of June. And in their previous filing they had
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1.224 million, so they sold 200,000 shares
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during the last quarter. So if you look at the change in shares
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they're down 16.67%, but if you look at the change in
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value, they're up 31.67% during the
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second quarter. Nice trade Prudential!
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National Pension Service reported a 7.1% decrease in their holdings of occidental
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They previously had - in the previous quarter -
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1.293... so almost 1.3 million shares and at
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August 11th they had 1.2 million shares. So they sold about
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90,000 shares. Their change in shares as I said is -7.16%, so they've
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decreased their holdings in OXY and increased their value of occidental
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holdings during Q2 by 46%. Nice trade
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National Pension Service. Raymond James shows a decrease for the
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quarter of 37%. If we look at their previous filing from
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the previous quarter they had 1.318 million shares
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which was reduced to just 824,000 shares. But you can see the
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corresponding value, quarter to quarter, is about the same
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So although they had a change in shares of -37.45%
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the actual value of their occidental
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holdings remained relatively flat. They also
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hedge their position by taking some derivatives
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in the underlying security and as of the last filing date
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they which was July 28th raymond james held
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32,500 call options valued at about $7,000
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Interesting trade from Raymond James. The value of the holdings pretty
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much the same, so they're probably just doing some cost basis averaging
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or averaging the weighting of equities in their portfolio
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Principal Financial - I'm nearly done, maybe
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another two after this and that's it - Principal reported a
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22% increase in their ownership of occidental
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they had gone from holding 1.3 million shares to about 1.6 million shares
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so up almost 300 000 shares. This looks like an extraordinary nice
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trade for Principal. They increased their holdings in shares by 22%
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but the increase in value by 93% so almost doubling their
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investors' money in one quarter. Good job Principal Financial
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Alliancebernstein. This is an interesting one for me because i also
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own Alliancebernstein long
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primarily because of the dividend of almost 10 percent
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that you can earn. So Alliancebernstein
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is actually one of my FIRE stocks. FIRE, in case you don't know, is
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Financially Independent Retire Early
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I have another video Alliancebernstein if you look for it you'll find
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it but they reported a 6.8% decrease in
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ownership of occidental and for the quarter, the
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previous quarter they had 1.44 million shares
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and last quarter that had dropped about 100,000 shares to 1.3 million shares
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however the value went from 16.5 million the previous quarter to
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24.5 million this quarter so even though they
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decreased their shares by 7% they increased the value
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of their holdings by 47% during Q2
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good job Alliancebernstein!
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First Trust Advisors shows a 41.48% decrease in ownership of oxy. They had
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2.4 million shares. So down to 1.4 million shares, means they sold
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almost a million shares. However, the value of the holdings
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dropped from $28 million to $26 million, which means
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even though the shares or holdings that they had in shares
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went down by 41.5% the value of
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occidental in their portfolio was only reduced by 7.5%
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Some nice timing on that trade as well
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by First Trust Advisors. Once again, good job so far!
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I don't have any negative comments about any of these
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UBS is the last one here and then I'm going to wrap it up
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UBS showed a 41.5% increase in ownership the previous
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quarter and 1.4 million shares. And then last quarter
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they had 1.988 million shares. So 580,000
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shares that they purchased. They previously disclosed
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$16 million in occidental holdings, up to about $36
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So the change in shares +41%. Let me get my eraser
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because i'm scribbling all over the place
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So the change in shares for the quarter is 41%
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But the change in value 123% during q2. They're also hedging their
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position/ They've got 45,000 call options and
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737,000 put options, respectively valued at just under a
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million and the put options are valued at
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$13.5 million. It'll be interesting to see what happens with
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this trade. The jury's out, because we'll have to see
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what happens when they either exercise that call option
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which is a right to exercise, but you don't have to
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and then exercise the puts. We'll see what happens. Anyway
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I'm going to wrap this up here. What I wanted to share is
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that in addition to the institutional holdings and where they're at
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I wanted to remind you that there's always someone
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on the other side of every trade. So if you think you're really
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smart because you are acquiring more stock in occidental
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just remember that somebody else is selling when you are buying
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And conversely, if you think you're going to exit this position
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I'm getting out of it, it's too risky for me and it
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exceeds my risk tolerance levels and otherwise maybe I just need some cash or
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this is not going to go anywhere... Remember when you're selling there's
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someone else who is buying. So that's it folks. It's Rudi for
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Besterinvestor signing off. Hope you enjoyed this one? It's a quick and short one!
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Stay safe. Keep well. Thanks for watching. See you later, bye!
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