Occidental Petroleum Corporation (OXY): Today's Featured Basic Materials Winner
Occidental Petroleum Corporation
(
) pushed the Basic Materials sector higher today making it today's featured basic materials winner. The sector as a whole closed the day up 3.9%. By the end of trading, Occidental Petroleum Corporation rose $3.96 (4.6%) to $90.65 on light volume. Throughout the day, four million shares of Occidental Petroleum Corporation exchanged hands as compared to its average daily volume of 5.6 million shares. The stock ranged in a price between $88.99-$91.25 after having opened the day at $89.10 as compared to the previous trading day's close of $86.69. Other companies within the Basic Materials sector that increased today were:
(
), up 23.8%,
(
), up 22.1%,
Universal Stainless & Alloy Products
(
), up 18.1%, and
(
), up 16.3%.
Occidental Petroleum Corporation, together with its subsidiaries, operates as an oil and gas exploration and production company primarily in the United States. The company operates in three segments: Oil and Gas; Chemical; and Midstream, Marketing, and Other. Occidental Petroleum Corporation has a market cap of $74.38 billion and is part of the
industry. The company has a P/E ratio of 11.5, below the average energy industry P/E ratio of 11.8 and below the S&P 500 P/E ratio of 17.7. Shares are down 11.6% year to date as of the close of trading on Friday.
TheStreet Ratings rates Occidental as a
. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, robust revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.
- You can view the full Occidental Ratings Report.
On the negative front,
(
), down 18.5%,
(
), down 17%,
(
), down 12.1%, and
(
), down 10.7%, were all losers within the basic materials sector with
(
) being today's basic materials sector loser.
- Use our basic materials section to find sector-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 basic materials sector could consider
(
) while those bearish on the basic materials sector could consider
ProShares Short Basic Materials Fd
(
).
- Find other investment ideas from our top rated ETFs lists.
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