|Bid||0.00 x 800|
|Ask||0.00 x 900|
|Day's Range||65.86 - 67.23|
|52 Week Range||56.83 - 87.67|
|Beta (3Y Monthly)||0.92|
|PE Ratio (TTM)||13.17|
|Earnings Date||Feb 12, 2019|
|Forward Dividend & Yield||3.12 (4.74%)|
|1y Target Est||80.54|
David Katz of Matrix Asset Advisors says investors should turn down the noise of negative headlines, take a longer-term view and buy companies with reasonable valuations.
John Bogle, who died yesterday aged 89, made himself the Caesar of our markets through his Vanguard index funds, which seek to track the market at the lowest possible cost to investors. Let the eulogy begin: Friends, Americans, investors. I come to bury Bogle, not to praise him. The evil that men do lives after them; the good is oft interred with their bones; so let it be with Bogle. Jack Bogle created the index fund, teaching that most people aren't going to beat the market, and that if a fund merely reflects that market, ordinary investors can enjoy its fruits at very low cost. InvestorPlace - Stock Market News, Stock Advice & Trading Tips In this, he was right … as right as right can be. If you put just $100 into the Vanguard 500 Index Fund (NYSEARCA:VFINX) when it was launched in 1976, about the time I graduated from college, you would have $733,400. If you just put $100 away every year, in that single fund, you'd be rich. ### The Zombie Market But even Bogle knew you can have too much of a good thing. Index funds are passive owners of stocks, taking the bad with the good, believing everything will even out. Just last year Bogle warned, however, that passive funds could create problems for investors and the national interest specifically because of this passivity. Vanguard, Blackrock and State Street, the largest index fund sponsors, control 81% of all index funds, and index funds in turn own 17.2% of all U.S.-listed securities. * Top 10 Global Stock Ideas for 2019 From RBC Capital Berkshire Hathaway (NYSE:BRK.A, NYSE:BRK.B) vice chairman Charlie Munger explained it this way in 2015. Index funds are permanent owners who never sell, he said, and usually vote management's interests. Vanguard's decisions in 2013 to vote against re-electing directors at Hewlett-Packard and Occidental Petroleum (NYSE:OXY) were notable for being unusual. They were not part of a trend. When index funds own the market, figuring that good and bad management will even out, you create a zombie market, one that can no longer punish bad actions or control runaway boards. Corporate democracy is already under threat from two-tier ownership structures like those of Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG) and Under Armour (NYSE:UAA), which guarantee the founders and their heirs control of the company through unequal voting weight, even if they sell out a majority stake, die or run off to some Caribbean island. Index funds transform corporations from quasi-democracies into kingdoms. ### What Hope Do We Have? Bogle remains right. Most investors don't have both the time and inclination to follow the stock market the way reporters or financial analysts do. For most investors, getting money into the market regularly, and at the lowest possible cost, is the right strategy. The responsibility of index fund managers in overseeing corporate governance has thus become a subject of wide-ranging debate among market insiders. Vanguard will usually vote to re-elect directors if most are outsiders, but just how "outside" are "outside directors?" We usually don't find out until there's a scandal, and their faces are thrown up on TV like a criminal line-up. If funds spend time and money policing boards, they're no longer passive, and their fees must rise. If they don't, corporate malfeasance runs rampant. ### The Bottom Line The story of my life is that regular investing is the way to wealth, just as Bogle says. But that doesn't mean investors should be as passive as the managers of their funds. My view is that once you have a nest egg you should be aggressive, placing bets on the leading edge of technology, which today means cloud applications and biotech. As you age, you should pull back, choosing big stocks that can afford dividends and bonds for income. Jack Bogle's great achievement was to overturn the conventional wisdom of his day, but his legacy was to create a new conventional wisdom, and as he said so often, "conventional wisdom is usually wrong." Dana Blankenhorn is a financial and technology journalist. He is the author of a new mystery thriller, The Reluctant Detective Finds Her Family, available now at the Amazon Kindle store. Write him at firstname.lastname@example.org or follow him on Twitter at @danablankenhorn. As of this writing he owned shares in VTI, the Vanguard Total Stock Market fund, and VWIGX, the Vanguard International Growth Fund. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Growth Stocks With the Future Written All Over Them * 7 Reasons Why Buffett's Bet on Apple Stock Is a Good One * 10 Companies That Could Post Decelerating Profits Compare Brokers The post It's Time to Listen to John Bogle appeared first on InvestorPlace.
Building up an investment case requires looking at a stock holistically. Today I've chosen to put the spotlight on Occidental Petroleum Corporation (NYSE:OXY) due to its excellent fundamentals in more Read More...
# Occidental Petroleum Corp ### NYSE:OXY View full report here! ## Summary * Perception of the company's creditworthiness is negative * Bearish sentiment is low * Economic output in this company's sector is contracting ## Bearish sentiment Short interest | Positive Short interest is low for OXY with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. ## Money flow ETF/Index ownership | Neutral ETF activity is neutral. The net inflows of $13.80 billion over the last one-month into ETFs that hold OXY are not among the highest of the last year and have been slowing. ## Economic sentiment PMI by IHS Markit There is no PMI sector data available for this security. ## Credit worthiness Credit default swap | Negative The current level displays a negative indicator. OXY credit default swap spreads are at their highest levels for the past 1 year, which indicates the market's more negative perception of the company's credit worthiness. Please send all inquiries related to the report to email@example.com. Charts and report PDFs will only be available for 30 days after publishing. This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Chevron and Occidental Petroleum recently announced they will invest in Carbon Engineering Ltd., a Squamish, B.C. clean energy start-up company backed by among other, Bill Gates
Amid the uproar over the wildly unstable markets, the usual suspects like technology or retail garnered the most attention. However, the deterioration in oil stocks presents one of the more troubling economic indicators. While drivers appreciate the discount at the pump, a deflated energy sector typically means a slowdown in commerce. That said, the benchmark indices have witnessed a sharp rise in sentiment. For instance, the Dow Jones Industrial Average has gained over 3% this month. Likewise, oil and energy stocks have benefited the most from the resurgence. West Texas Intermediate is up over 14% in January, while the international benchmark Brent Crude Oil jumped 13%. Still, I'd take a cautious approach to oil & gas stocks at this juncture. Countries awash in "black gold," such as Saudi Arabia, are attempting to diversify their economies away from commodity dependency. They know firsthand the threat that suddenly declining prices pose. Further, efforts to artificially raise demand with production cuts have failed. InvestorPlace - Stock Market News, Stock Advice & Trading Tips But on the flipside, energy stocks offer longer-term opportunities, if you know where to look. A major oversight is the focus on quantity and not quality. For example, shale-derived oil is too light to meet industrial demand for diesel. Therefore, demand for midstream and downstream oil stocks can jump when the supply of appropriate commodities dwindles. Under the current environment, upstream oil & gas stocks present challenges. However, this segment shouldn't be ignored. Proven companies that profit from their exploration dollars could move higher, especially if the newfound bullishness in oil sustains itself. * 10 Key Emerging-Market Stocks to Buy for Contrarian Investors Undoubtedly, this is a tricky segment. But if you have the nerve, here are five oil stocks to consider: ### BP (BP) Source: Mike Mozart via Flickr Drilling for oil is a centuries-old business. As such, it's easy to think that the industry remains an unsophisticated, crude affair, no pun intended. However, energy stocks are rapidly becoming dependent on innovative technologies, with BP (NYSE:BP) lending a recent example. A few days ago, BP announced that it discovered one billion barrels of crude in the Gulf of Mexico. Specifically, the company hit pay dirt at its Thunder Horse field, which is located off the tip of Louisiana. But what made this announcement distinct was how BP made its discovery: Using advanced seismic technology and data processing, BP accelerated its analytics. Management stated that using prior-generation tech, the Thunder Horse finding would have taken years. Now, it takes just weeks. Of course, upstreaming is risky in a volatile market due to the expenses involved in exploration efforts. But BP's seismic tech sounds like a gamechanger that separates it from lesser oil stocks. ### Kinder Morgan (KMI) Source: Roy Luck via Flickr Part of the complexity involved in assessing energy stocks is the underlying product diversity. For instance, different oil viscosities lend to variances in performance and functionality. At its most elemental level, oil and gas products serve specific needs. Understanding these nuances can help navigate you toward the best investment. With that in mind, if I had to make a pick among oil & gas stocks, I'm putting Kinder Morgan (NYSE:KMI) on my short list. In recent years, natural gas production has skyrocketed in the U.S. This has created a viable market that didn't previously exist in such scale. As a result, Kinder Morgan's midstream operations should continue to enjoy long-term demand. While KMI has exposure up and down the supply chain, its network of gas pipelines primarily rings the cash registers. Loosely speaking, the company operates a subscription business model: clients pay KMI based on the amount of gas sent through the pipelines. * 10 Stocks You Can Set and Forget (Even In This Market) No matter what happens to natural gas prices, transportation of energy-related commodities will remain a vital business venture. ### Magellan Midstream Partners (MMP) Source: Tony Webster via Flickr Over the last few volatile years, most oil stocks simply operated on survival mode. After absorbing devastating losses in 2014 and 2015, most sector players' financials look understandably awful. On the other hand, we have exceptions like Magellan Midstream Partners (NYSE:MMP). Since 2015, MMP has provided consecutive annual revenue growth, and momentum remains strong. In its most recent quarter, MMP delivered sales of $638 million, up over 11% year-over-year. Moreover, the company generates consistently positive free cash flow and features a fairly stable balance sheet. Despite the general wildness in oil stocks, MMP should continue to deliver the goods. Management is eyeing overall growth, as evidenced by the constant expansion of its refined-petroleum products pipeline in Texas. More importantly, the organization is broadening its scope while emphasizing fiscal discipline. ### Valero Energy (VLO) Source: Mike Mozart via Flickr Even compared to other troubled energy stocks, Valero Energy's (NYSE:VLO) precipitous downturn surprised many observers. After putting up outstanding numbers throughout most of 2018, the final quarter proved insurmountable. Between the beginning of October and the end of December, VLO had sunk 34%. But for current speculators, the extreme bearishness in Valero shares have taken down significant risk. For starters, we have to go back to November 2017 to see prices this low. More importantly, management has sparked a fiscal revival. Thanks to key acquisitions, Valero's revenue and profitability metrics have improved dramatically since 2016. * 7 Stocks at Risk of the Global Smartphone Slowdown I see more of the same in 2019, especially with its merger with Valero Energy Partners. Overall, the organization has solid financial standing, which has proven valuable in terms of shareholder payouts. ### Occidental Petroleum (OXY) Source: Hayden Irwin via Flickr Like other energy stocks, Occidental Petroleum (NYSE:OXY) incurred a disjointed year in 2018. In the first half, OXY appeared very promising, gaining over 15%. Unfortunately, sector turbulence combined with a broader market meltdown cratered the company. After the dust settled, OXY had shed more than 13% last year. Still, I wouldn't rule out a comeback. Since hitting a sales bottom in 2016, Occidental has been on a tear. Prior acquisitions have proved vital, with OXY returning to annual profitability in 2017, and is on course for a repeat performance in 2018. Moreover, the leadership team have anticipated multiple oil-pricing scenarios. Should a barrel of crude drop to $40, OXY asserts that it can pay its dividends, and not overspend its cash flow. The sector is volatile, but I doubt that it will get that bad. Therefore, OXY presents an intriguing contrarian case. As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks You Can Set and Forget (Even In This Market) * 10 Virtual Assistants for the Future of Smart Homes * 7 5G Stocks to Buy as the Race for Spectrum Tightens Compare Brokers The post 5 "Discounted" Oil Stocks to Buy After a Tough 2018 appeared first on InvestorPlace.
Energy stocks have had a difficult 2018. Mostly flat performance through most of the year turned into a tailspin in October as oil prices plunged from above $75 per barrel to below $50. That in turn has pinched oil companies that rely on elevated commodity prices to drive larger profits. The headwinds are clear. Demand has slowed to a crawl, and supplies have piled up despite production cuts from several nations. Fears about U.S.-China trade relations have weighed, as have worries about sanctions on Iran. It's no wonder why energy stocks have taken it on the chin. But the skies are starting to clear as we head into 2019. OPEC and other nations are beginning to discuss additional output curbs, and with U.S. shale producers running at full capacity, there really isn't much room for them to pick up any slack. The U.S. and China have made progress on trade talks, too, including a 90-day moratorium on increasing tariffs. Investors diving into the sector still need to be choosy. A rebound in oil is far from a certainty, which means it's necessary to put a premium on quality right now. Here, we look at the 10 best energy stocks to buy for 2019 - those that can best take advantage of the current energy environment. ### SEE ALSO: 101 Best Dividend Stocks to Buy for 2019 and Beyond
Oil majors Chevron and Occidental Petroleum are taking a minority stake in a Canadian start-up that has developed technologies to suck carbon dioxide directly from the atmosphere and use it to make synthetic fuel. The deal marks the first significant investment by energy groups into the technology, known as direct air capture, which pulls carbon dioxide from the atmosphere by using chemicals and fans. Carbon Engineering, a Bill Gates-backed start-up based in Squamish, British Columbia, said the new investment was part of a $60m fundraising round that would help it design and build commercial-scale plants.
are taking a minority stake in Canadian start-up Carbon Engineering, which has developed technologies that suck carbon dioxide directly from the atmosphere and use it to make synthetic fuel. The deal marks the first significant investment by energy groups into the technology, known as direct air capture, which pulls carbon dioxide from the atmosphere by using chemicals and fans. Carbon Engineering, a Bill Gates-backed startup based in Squamish, British Columbia, said the new investment was part of a $60m fundraising round that would help it design and build commercial-scale plants.
Canada-based Carbon Engineering said on Wednesday it had received investment from a subsidiary of Occidental Petroleum Corp. and the venture capital arm of Chevron Corp. for its technology that removes carbon dioxide directly from the air. Oxy Low Carbon Ventures, a subsidiary of Occidental Petroleum Corporation (OXY.N), and Chevron Technology Ventures, the venture capital division of Chevron Corporation (CVX.N), have invested an undisclosed sum in Carbon Engineering's so-called direct air capture (DAC) technology.
Canada-based Carbon Engineering said on Wednesday it had received investment from a subsidiary of Occidental Petroleum Corp. and the venture capital arm of Chevron Corp. for its technology that removes carbon dioxide directly from the air. Oxy Low Carbon Ventures, a subsidiary of Occidental Petroleum Corporation, and Chevron Technology Ventures, the venture capital division of Chevron Corporation, have invested an undisclosed sum in Carbon Engineering's so-called direct air capture (DAC) technology.
Stocks that moved substantially or traded heavily Tuesday: Union Pacific Corp., up $12.10 to $150.75 The railroad named former Canadian National railroad executive Jim Vena as its chief operating officer. ...
After achieving its low-oil-price break-even plan, Occidental Petroleum has tremendous flexibility in 2019.
U.S. oil and gas producer Occidental Petroleum Corp said on Monday it expects to spend $4.4 billion to $5.3 billion this year, depending on the price of crude oil. The company is one of the largest producers in the Permian Basin, the biggest U.S. oil field, and made the spending announcements Monday at the Goldman Sachs Global Energy Conference.
Colombian state oil company Ecopetrol has halted the Cano Limon-Covenas pipeline after it was damaged in a bomb attack, spilling crude into two streams in Norte de Santander province, the company said. The Friday explosion in the rural area of Campo Giles, in Tibu municipality, is the first bombing of Colombian oil infrastructure in 2019. Crude spilled into two neighboring creeks and on surrounding vegetation, Ecopetrol said in a statement, but the spill is now under control.
HOUSTON, Jan. 04, 2019 -- Occidental Petroleum Corporation (NYSE:OXY) will announce its fourth quarter 2018 financial results after close of market on Tuesday, February 12,.
How Oil-Weighted Stocks Performed Last Quarter(Continued from Prior Part)Oil-weighted stocks’ returns In the fourth quarter, our list of oil-weighted stocks fell 44.2%—compared to the 39.7% fall in US crude oil February futures.