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 ( OXY) pushed the Energy industry higher today making it today's featured energy winner. The industry as a whole closed the day up 0.4%. By the end of trading, Occidental Petroleum Corporation rose $0.99 (1.0%) to $96.52 on average volume. Throughout the day, 3,952,214 shares of Occidental Petroleum Corporation exchanged hands as compared to its average daily volume of 4,130,100 shares. The stock ranged in a price between $95.75-$97.17 after having opened the day at $95.75 as compared to the previous trading day's close of $95.53. Other companies within the Energy industry that increased today were: Willbros Group ( WG), up 13.0%, Dril-Quip ( DRQ), up 12.2%, MagneGas Corporation ( MNGA), up 8.4% and Bonanza Creek Energy ( BCEI), up 7.7%.

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 $76.7 billion and is part of the basic materials sector. Shares are up 0.5% year to date as of the close of trading on Thursday. Currently there are 12 analysts that rate Occidental Petroleum Corporation a buy, no analysts rate it a sell, and 7 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, compelling growth in net income, increase in stock price during the past year and impressive record of earnings per share growth. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the negative front, Recon Technology ( RCON), down 11.7%, Tesco Corporation ( TESO), down 10.0%, Northern Oil & Gas ( NOG), down 9.3% and Pedevco ( PED), down 8.1% , were all laggards within the energy industry with Southwestern Energy Company ( SWN) 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).

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