Occidental Petroleum Corporation (OXY): Today's Featured Energy Winner

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

Occidental Petroleum Corporation ( OXY) pushed the Energy industry higher today making it today's featured energy winner. The industry as a whole closed the day down 0.1%. By the end of trading, Occidental Petroleum Corporation rose $1.84 (2.3%) to $81.72 on heavy volume. Throughout the day, 7.7 million shares of Occidental Petroleum Corporation exchanged hands as compared to its average daily volume of 4.9 million shares. The stock ranged in a price between $79.92-$82 after having opened the day at $80.28 as compared to the previous trading day's close of $79.88. Other companies within the Energy industry that increased today were: GeoGlobal Resources ( GGR), up 16.8%, BMB Munai ( BMBM), up 7.5%, Gasco Energy ( GSX), up 6.7%, and GeoPetro Resources Company ( GPR), up 6%.
  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

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 $64.69 billion and is part of the basic materials sector. The company has a P/E ratio of 11, below the S&P 500 P/E ratio of 17.7. Shares are up 4.2% year to date as of the close of trading on Monday. Currently there are 10 analysts that rate Occidental Petroleum Corporation a buy, no analysts rate it a sell, and eight rate it a hold.

TheStreet Ratings rates Occidental Petroleum Corporation as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, weak operating cash flow and disappointing return on equity.

On the negative front, Torch Energy Royalty ( TRU), down 10.1%, Triangle Petroleum ( TPLM), down 8.6%, Calumet Specialty Products Partners ( CLMT), down 6.4%, and HyperDynamics Corporation ( HDY), down 5.2%, were all laggards within the energy industry with National Oilwell Varco ( NOV) being today's energy industry laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the energy industry could consider Energy Select Sector SPDR ( XLE) while those bearish on the energy industry could consider Proshares Short Oil & Gas ( DDG).

HOLIDAY SPECIAL: Let Jim Cramer show you every trade he is making in his $2.5 Million portfolio. Join now for 14-days FREE. Sign up today to get e-mail alerts before every trade.
null

If you liked this article you might like

Exxon, Occidental Remain In Index Fund Crosshairs Over Climate Change

Now You're Hearing Apple Roar: Market Recon

Apple Rally Could Boost Dow to 22,000 - 5 Things You Must Know Before the Market Opens

Tesla and Apple Better Deliver Big-Time or Look Out Below -- Week Ahead

We're Seeing a Subtle Rotation Away From Big Tech