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

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Occidental Petroleum Corporation ( OXY) pushed the Basic Materials sector higher today making it today's featured basic materials winner. The sector as a whole closed the day up 1.0%. By the end of trading, Occidental Petroleum Corporation rose $1.47 (1.5%) to $98.65 on light volume. Throughout the day, 2,615,874 shares of Occidental Petroleum Corporation exchanged hands as compared to its average daily volume of 3,492,600 shares. The stock ranged in a price between $97.13-$98.72 after having opened the day at $97.50 as compared to the previous trading day's close of $97.18. Other companies within the Basic Materials sector that increased today were: Augusta Resource Corporation ( AZC), up 90.5%, Global Eagle Entertainment ( ENT), up 15.0%, Silver Bull Resources ( SVBL), up 9.1% and Yanzhou Coal Mining Company Limited ADR rep ( YZC), up 9.1%.

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 $78.1 billion and is part of the energy industry. The company has a P/E ratio of 17.0, below the S&P 500 P/E ratio of 17.7. Shares are up 26.9% year to date as of the close of trading on Wednesday. Currently there are 13 analysts that rate Occidental Petroleum Corporation a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Occidental Petroleum Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

On the negative front, Quest Rare Minerals ( QRM), down 9.6%, Oxford Resource Partners ( OXF), down 9.6%, Richmont Mines ( RIC), down 8.9% and Rocket Fuel ( FUEL), down 7.8% , were all laggards within the basic materials sector with Ensco PLC Class A ( ESV) being today's basic materials sector laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the basic materials sector could consider Materials Select Sector SPDR ( XLB) while those bearish on the basic materials sector could consider ProShares Short Basic Materials Fd ( SBM).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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