Occidental Petroleum Corp (OXY)

[Timothy Smith]

OXY reports earnings on July 26th. OXY is down almost 2% today. The stock is trading down 21% from its 52 week high and has 36% upside potential based on analysts' consensus mean price targets.

The company has many fundamental positives. OXY pays a dividend with a yield of 2.54% and a payout ratio of 22.97%. OXY has a forward P/E ratio of 11.02. OXY is trading for 1.78 times book value. ROE is 18.74% and the net profit margin is 26.02%.

OXY recently named Cynthia Walker as Executive Vice President and CFO effective August 6th. Ms. Walker will assume the position from James Lienert, who has been OXY's Chief Financial Officer for the past two years.

The stock is up approximately 10% from a recent low of $75 which was tested twice. One positive is the stock is resting 1% above the 50 day sma which should provide significant support. I like the stock here.