Loading news...
Major stock indexes plummeted Tuesday, with the Dow Jones Industrial Average shedding 850 points, as the conflict in the Middle East escalated. Meanwhile, oil futures soared for a second straight day.
Ongoing geographical conflicts centered around Iran have increased the potential for oil price volatilities. This could lead to divergent outcomes for the different business models employed by Kinder Morgan (KMI) and Occidental Petroleum (OXY). Historical data has demonstrated KMI as a better investment vehicle than OXY via superior dividend reliability and vastly better total returns.
Occidental Petroleum Corporation (NYSE: OXY - Get Free Report) shares hit a new 52-week high during mid-day trading on Monday after Jefferies Financial Group raised their price target on the stock from $42.00 to $47.00. Jefferies Financial Group currently has a hold rating on the stock. Occidental Petroleum traded as high as $56.34 and last traded
Occidental Petroleum is downgraded to Buy after a recent ~30% rally, reflecting a less favorable risk-reward. OXY's balance sheet is improving following the debt reductions post-OxyChem sale, enhancing flexibility and lowering interest costs. As a result, the dividend increased 8% to $0.26/share, but the yield remains modest at ~2% with a payout ratio below 25%.
Worries about developments in Iran rattled financial markets Monday, after the U.S. and Israel launched a joint attack over the weekend. Here's which stocks are falling, and which ones are on the rise.
Flare-ups in the Middle East often push oil prices upward. Since price is always a factor in Occidental's performance, investors bought into the stock.
Major stock indexes turned mostly higher and oil and gold futures advanced Monday as markets reacted to fighting in the Middle East.
Oil and gas stocks are in focus to start the week, as the U.S.-Israel attack on Iran sends black gold soaring.
The Iran conflict could fuel a return of triple-digit crude prices.
Energy stocks should benefit from rising commodity prices, helping balance your portfolio. Chevron is one of the leading oil producers globally, with massive expansion plans.
Occidental Petroleum has significantly reduced its debt load over the past few years. It's generating solid free cash flow, driven by its midstream and marketing segments.
DNB Asset Management AS boosted its position in Occidental Petroleum Corporation (NYSE: OXY) by 100.3% in the undefined quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 267,807 shares of the oil and gas producer's stock after purchasing an additional 134,128 shares during the quarter.
American Century Companies Inc. grew its holdings in Occidental Petroleum Corporation (NYSE: OXY) by 9.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,905,711 shares of the oil and gas producer's stock after buying an additional 353,056 shares during the period.
Occidental Petroleum's share price trailed the overall oil industry in January. Investors are increasingly positive about the company's future.
Occidental CEO Vicki Hollub said on Tuesday that crude oil prices need to rise to $70 per barrel in order for the oil industry to grow production.
Shares of Occidental Petroleum Corporation (NYSE: OXY - Get Free Report) reached a new 52-week high during mid-day trading on Monday after BMO Capital Markets raised their price target on the stock from $48.00 to $60.00. BMO Capital Markets currently has a market perform rating on the stock. Occidental Petroleum traded as high as $53.33 and
Occidental (OXY) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Occidental reported fourth-quarter earnings on Wednesday, revealing adjusted earnings per share of 31 cents, surpassing the consensus estimate of 18 cents.
Warren Buffett-backed Occidental Petroleum (NYSE: OXY) saw its shares fly 9% higher in the last 24 hours as the equity rose to its February 20 press time price of $51.51.
Occidental Petroleum emerges from Q4 2025 as a leaner, financially stronger company, with aggressive debt reduction and improved operational efficiency. Occidental's international assets, contributing just 16% of production, deliver outsized profitability due to Brent pricing and lower DD&A costs versus domestic operations. I remain on the sidelines, seeking a clear catalyst for multiple expansions before considering a new position in OXY.