OXY - Occidental Petroleum Corporation
| Previous Close | 51.10 |
| Open | 51.03 |
| Bid | 49.00 x 900 |
| Ask | 53.07 x 800 |
| Day's Range | 50.90 - 51.54 |
| 52 Week Range | 47.00 - 84.93 |
| Volume | 7,048,749 |
| Avg. Volume | 11,648,845 |
| Market Cap | 38.292B |
| Beta (3Y Monthly) | 1.16 |
| PE Ratio (TTM) | 9.62 |
| EPS (TTM) | 5.32 |
| Earnings Date | Jul 31, 2019 |
| Forward Dividend & Yield | 3.16 (6.18%) |
| Ex-Dividend Date | 2019-09-09 |
| 1y Target Est | 61.68 |
- Zacks•12 hours ago
Occidental Petroleum (OXY) Gains As Market Dips: What You Should Know
In the latest trading session, Occidental Petroleum (OXY) closed at $51.18, marking a +0.16% move from the previous day.
- Zacks•14 hours ago
Top Analyst Reports for Southern Company, Prologis & Delta Air Lines
Top Analyst Reports for Southern Company, Prologis & Delta Air Lines
- Zacks•21 hours ago
The Zacks Analyst Blog Highlights: Callon Petroleum, Carrizo Oil & Gas, McDermott International and Occidental Petroleum
The Zacks Analyst Blog Highlights: Callon Petroleum, Carrizo Oil & Gas, McDermott International and Occidental Petroleum
- Zacks•2 days ago
Oil & Gas Stock Roundup: Callon Petroleum's Acquisition, McDermott's Contract Wins & More
Shale producer Callon Petroleum (CPE) agreed to buy smaller E&P player Carrizo Oil & Gas (CRZO) for $3.2 billion, while McDermott International (MDR) clinched twin contracts from Saudi Aramco.
- Markit•2 days ago
See what the IHS Markit Score report has to say about Occidental Petroleum Corp.
Occidental Petroleum Corp NYSE:OXYView full report here! Summary * Perception of the company's creditworthiness is negative * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low and declining * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is low for OXY with fewer than 5% of shares on loan. Additionally, this was an improvement in sentiment as investors who seek to profit from falling equity prices reduced their short positions on June 25. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding OXY are favorable, with net inflows of $10.72 billion. Additionally, the rate of inflows is increasing. Economic sentimentPMI by IHS MarkitThere is no PMI sector data available for this security. Credit worthinessCredit default swap | NegativeThe current level displays a negative indicator. OXY credit default swap spreads are near 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 score@ihsmarkit.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.
- MarketWatch•2 days ago
Callon Petroleum’s takeover of Carrizo Oil & Gas reignites the energy M&A market
The latest Permian Basin play is a ‘merger of equals’ between Callon Petroleum and Carrizo Oil & Gas, the first after Chevron Corp. lost out in the battle for Anadarko Petroleum Corp.
- GuruFocus.com•3 days ago
The Price of Knowledge
We will hypothesize on knowledge we believe is well known and overpriced and on what isn’t well known or well believed and could be underpriced Continue reading...
- Zacks•3 days ago
Why Occidental (OXY) is Poised to Beat Earnings Estimates Again
Occidental (OXY) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
- American City Business Journals•3 days ago
How Oxy might change under Icahn
The Icahn camp claims it wants to see Occidental as a seller or as a pure-play firm, but the path forward is still murky.
- Zacks•6 days ago
Occidental Petroleum (OXY) Board Approves 1.3% Dividend Hike
Total increase in Occidental Petroleum's (OXY) annual dividends from 2002 exceeds 500%.
- InvestorPlace•6 days ago
AT&T Is Not Worth Buying Just for Its 6% Yield
InvestorPlace's Brett Kenwell recently suggested that AT&T (NYSE:T) was a good buy at $32. Although Brett views the 6% yield on T stock as very attractive, he believes investors interested in buying the company's stock can get a better entry point in the low $30s. Source: Shutterstock InvestorPlace - Stock Market News, Stock Advice & Trading TipsI'm not a fan of T stock primarily because of its debt. However, any time you can buy a stock for less, I think you should try to do so.Kenwell argues that despite having $167 billion in debt -- most of which was added to buy Time Warner -- the cash flow the content creator delivered to AT&T more than makes up for the additional leverage. And let's not forget once more that juicy 6% yield -- a dividend payment that has been increased for 35 straight years -- makes America's largest wireless carrier an income investor's dream stock. * 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond I'm here to say that investors should never buy AT&T stock for its 6% yield. Here's why. Can You Do Better?Of the 505 S&P 500 stocks (that includes dual classes), AT&T has the 10th highest dividend yield according to Finviz.com. Currently, AT&T's debt represents 68% of its market cap.I would argue that if any of the nine S&P 500 stocks with a higher yield than T stock have less debt as a percentage of their market cap, you ought to at least consider those stocks if you are focused on income rather than capital appreciation. After looking at each of the nine stocks possessing higher dividend yields, none of the stocks are in any better shape from a debt perspective than AT&T. Occidental Petroleum (NYSE:OXY) would have been if not for its pending $57 billion acquisition of Anadarko Petroleum (NYSE:APC) adding $30 billion in debt. Its debt post-acquisition will account for more than 100% of its market cap, although it does plan to sell some non-core assets to bring down leverage. So, at least from a higher yield perspective, you can't get an S&P 500 stock that delivers a better yield without sacrificing the quality of cash flow, etc.However, if you include all stocks with a market cap of $2 billion or higher, I'm confident you could find a stock with a stronger balance sheet. According to Finviz, 195 stocks have a dividend yield of 5% or higher. I found a couple of examples that fit the bill. Example 1: BCEBeing from Canada, I just had to pick a Canadian stock. BCE (NYSE:BCE), one of Canada's largest media companies, currently yields 5.1%. At the end of March, it had $21 billion in short and long-term debt, which represents 50% of its current market cap of $41.5 billion. It is very similar to the new AT&T in that it also has a media division that owns TV and radio stations, cable networks, and Pay TV channels. It's one of Canada's most successful content creators. Although it can't hold a candle to Time Warner in terms of both the amount of content and the revenue generation, it does provide its wireless and landline businesses with excellent opportunities for cross-promotion.Is it worth giving up 90 basis points of yield for significantly less debt? If you're an income investor, I think it is. Example 2: Kohl'sThis second example, if you're a current AT&T shareholder, will probably make you laugh, but that's okay. I'm not here to evaluate the merits of which sector is a better investment. I'm merely pointing out stocks with better debt profiles that have a high dividend yield. I'm speaking about Kohl's (NYSE:KSS), the value-priced department store with more than 1,100 locations in 49 states. Sure, retail's still got a lot of weakness, but overall, I think the future remains positive despite the brick-and-mortar store closures over the past two years. As I write this, Kohl's dividend yield is 5.6%, 40 basis points less than AT&T. However, its $1.9 billion in debt is only 24% of its current market cap of $7.8 billion. Its yield is higher than usual due to a 21% decline in its stock price year to date through July 10 (a 27% drop including dividends). While Kohl's can't hold a candle to AT&T's cash flow, it generated $1.9 billion over the trailing 12 months through May 4, despite a 3.4% decline in its same-store sales in the first quarter and a 2.9% decrease in overall revenues. Despite the unusually slow start to its fiscal year, Kohl's expects earnings per share of at least $5.80 in fiscal 2019, a forward P/E of just 8.3.From where I sit, Kohl's provides an attractive dividend yield with better upside potential than AT&T. The Bottom Line on T StockAs I said in the beginning, I'm not a fan of AT&T because of its debt. However, if you own it merely for the dividend yield, you might want to reconsider your reasoning. Owning a stock for its yield alone is never a good idea. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Buy for Less Than Book * 7 Marijuana Stocks With Critical Levels to Watch * The 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond The post AT&T Is Not Worth Buying Just for Its 6% Yield appeared first on InvestorPlace.
- American City Business Journals•6 days ago
Top Anadarko exec to nab $98M golden parachute from Occidental deal
Other named executives will also take home tens of millions of dollars after Occidental's acquisition of Anadarko closes.
- American City Business Journals•6 days ago
Coming home: Chevron’s Houston leader returns to Texas amid Anadarko bidding war
Had Chevron's Anadarko deal closed, the acquired North American assets would have come under Green’s care. But even without them, he’s still the head of a massive portfolio of upstream oil and gas assets.
- Reuters•7 days ago
Anadarko shareholders to vote next month on Occidental deal
Anadarko Petroleum Corp shareholders will vote Aug. 8 on the oil and gas producer's planned $38 billion sale to Occidental Petroleum Corp - the biggest oil and gas deal of the year. Occidental avoided its own shareholder vote on the deal by securing a controversial $10 billion financing agreement with Warren Buffett's Berkshire Hathaway, which allowed it to raise the cash portion of its offer. While an Anadarko holders' vote for the proposed deal is very likely, the price has angered several Occidental investors, including billionaire activist Carl Icahn, who has called for a special meeting to replace four Occidental directors.
- Zacks•7 days ago
Occidental Petroleum (OXY) Outpaces Stock Market Gains: What You Should Know
Occidental Petroleum (OXY) closed the most recent trading day at $50.44, moving +0.4% from the previous trading session.
- GlobeNewswire•7 days ago
Occidental Increases Dividend
Occidental Petroleum Corporation (OXY) said today that its Board of Directors has declared an increase of the company’s regular quarterly dividend to $0.79 per share. The $0.79 per share quarterly dividend will be payable on October 15, 2019, to stockholders of record as of the close of business on September 10, 2019. Occidental has now increased its dividend every year for 17 consecutive years.
- GlobeNewswire•8 days ago
Robert M. Shearer Elected to Occidental Board of Directors
Occidental Petroleum Corporation (OXY) announced today that Robert “Bob” M. Shearer, a former managing director of BlackRock Advisors LLC, has been elected to its Board of Directors. Mr. Shearer, 64, has over 35 years of experience in securities and leading investment management firms. Before retiring from BlackRock in 2017, he was co-head of BlackRock’s Equity Dividend team and a member of the Fundamental Equity Platform within BlackRock's Portfolio Management Group.
- GlobeNewswire•9 days ago
Occidental to Announce Second Quarter Results Wednesday, July 31, 2019; Hold Conference Call Thursday, August 1, 2019
HOUSTON, July 09, 2019 -- Occidental Petroleum Corporation (NYSE:OXY) will announce its second quarter 2019 financial results after close of market on Wednesday, July 31, 2019,.
- Barrons.com•12 days ago
The Stock Market May Be Pointing to Trump’s Reelection
Much can change before 2020, but the S&P 500’s recent move to a record appears to reflect growing expectations that Trump will win.
- Quartz•13 days ago
The inclusive language that sets the oil industry’s lone female CEO apart from the rest
Vicki Hollub is the first woman to hold the top job at a major international oil company, Occidental Petroleum. “Women don’t say ‘I.’ We say ‘we’ did this,” said Heidi Heitkamp, a former North Dakota senator who has worked with Hollub on passing low-carbon legislation. The CEOs we included in our analysis came from ExxonMobil, Anadarko, BP, Total, Chevron, and Occidental.
- Market Realist•14 days ago
Occidental Urges Shareholders to Vote Against Icahn’s Proposal
Investor Carl Icahn holds a $1.6 billion stake in Occidental Petroleum, and he's not the least bit happy with OXY’s acquisition of Anadarko.
