Occidental Petroleum Corporation (OXY): Today's Featured Energy Winner
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
Occidental Petroleum Corporation
(
) pushed the Energy industry higher today making it today's featured energy winner. The industry as a whole closed the day up 1.1%. By the end of trading, Occidental Petroleum Corporation rose $1.33 (1.5%) to $91.27 on light volume. Throughout the day, 2,820,181 shares of Occidental Petroleum Corporation exchanged hands as compared to its average daily volume of 5,119,700 shares. The stock ranged in a price between $90.14-$91.67 after having opened the day at $90.16 as compared to the previous trading day's close of $89.94. Other companies within the Energy industry that increased today were:
Aegean Marine Petroleum Network
(
), up 11.4%,
(
), up 7.1%,
Houston American Energy Corporation
(
), up 7.0% and
(
), up 6.6%.
Occidental Petroleum Corporation engages in the exploration and production of oil and gas properties in the United States and internationally. The company operates in three segments: Oil and Gas; Chemical; and Midstream, Marketing and Other. Occidental Petroleum Corporation has a market cap of $72.2 billion and is part of the basic materials sector. Shares are up 17.4% year to date as of the close of trading on Wednesday. Currently there are 11 analysts that rate Occidental Petroleum Corporation a buy, no analysts rate it a sell, and 8 rate it a hold.
TheStreet Ratings rates
Occidental Petroleum Corporation
as a
. The company's strengths can be seen in multiple areas, such as its expanding profit margins, increase in stock price during the past year and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full Occidental Petroleum Corporation Ratings Report.
On the negative front,
(
), down 5.9%,
(
), down 4.5%,
(
), down 4.1% and
(
), down 3.9% , were all laggards within the energy industry with
(
) being today's energy industry laggard.
- Use our energy section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the energy industry could consider
(
) while those bearish on the energy industry could consider
(
).
- Find other investment ideas from our top rated ETFs lists.
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