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 up 0.2%. By the end of trading, Occidental Petroleum Corporation rose $1.40 (1.6%) to $89.26 on average volume. Throughout the day, 7,738,039 shares of Occidental Petroleum Corporation exchanged hands as compared to its average daily volume of 5,668,800 shares. The stock ranged in a price between $88.18-$89.89 after having opened the day at $88.40 as compared to the previous trading day's close of $87.86. Other companies within the Energy industry that increased today were: GeoPetro Resources Company ( GPR), up 31.6%, Oil States International ( OIS), up 16.8%, GulfMark Offshore ( GLF), up 6.6% and Suncor Energy ( SU), up 6.4%.
  • EXCLUSIVE OFFER: Jim Cramer's Protege, 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 $68.9 billion and is part of the basic materials sector. The company has a P/E ratio of 15.7, below the S&P 500 P/E ratio of 17.7. Shares are up 13.1% year to date as of the close of trading on Monday.

TheStreet Ratings rates Occidental Petroleum Corporation as a buy. Among the primary strengths of the company is its expanding profit margins over time. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the negative front, BMB Munai ( BMBM), down 12.6%, Torch Energy Royalty ( TRU), down 11.1%, CKX Lands ( CKX), down 6.8% and Ivanhoe Energy ( IVAN), down 6.5% , were all laggards within the energy industry with Marathon Petroleum ( MPC) 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).

Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.
null

If you liked this article you might like

Occidental, RSP Permian Pumping More Shale Oil Than Expected, Goldman Says

Occidental, RSP Permian Pumping More Shale Oil Than Expected, Goldman Says

Walgreens, AmerisourceBergen, Amazon and GM - 5 Things You Must Know

Walgreens, AmerisourceBergen, Amazon and GM - 5 Things You Must Know

Live From NAPE: Oil and Gas Drillers Excited About $60 Oil

Live From NAPE: Oil and Gas Drillers Excited About $60 Oil

Wynn Stock Tanks Following Sexual Misconduct Allegations Against CEO

Wynn Stock Tanks Following Sexual Misconduct Allegations Against CEO

3 Game-Changing Areas Where Warren Buffett Should Spend Berkshire's Tax Windfall

3 Game-Changing Areas Where Warren Buffett Should Spend Berkshire's Tax Windfall