NEW YORK (TheStreet) -- Occidental Petroleum (OXY) stock is declining by 4.63% to $66.38 in afternoon trading on Tuesday, as lower oil prices weigh on the oil and gas exploration and production company.
Following a six-day surge, oil prices are retreating as analysts expect data from the American Petroleum Institute and Energy Information Administration, due out this afternoon and tomorrow, respectively, will show another weekly rise in U.S. crude stockpiles, Reuters notes.
Crude oil (WTI) is falling by 4.41% to $36.23 per barrel, and Brent crude is dropping by 3.45% to $39.43 per barrel this afternoon.
Occidental Petroleum nonetheless remains "best-in-class" within the exploration and production space, TheStreet's Jim Cramer and Jack Mohr write in an Action Alerts PLUS article this afternoon.
The company's "compelling" 4.5% dividend is protected by an expected $5 billion cash load on hand, Cramer and Mohr continue.
They consequently increased their position in the company by 25 shares to 675 shares, which represents about 1.89% of the Action Alerts PLUS portfolio.
Separately, TheStreet Ratings team rates the stock as a "sell" with a ratings score of D+.
Occidental Petroleum's weaknesses include its disappointing return on equity, weak operating cash flow, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share.
You can view the full analysis from the report here: OXY
TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.OXY data by YCharts