Better Dividend Stock: Occidental Petroleum vs. Energy Transfer
Occidental Petroleum (NYSE: OXY) and Energy Transfer (NYSE: ET) are popular income stocks for energy-focused investors. Occidental, also known as Oxy, is a leading oil and gas producer. Energy Transfer is a major midstream pipeline operator.
Occidental pays a forward yield of 2.4%. It cut its dividend during the pandemic in 2020 and kept it unchanged in 2021, but it's raised its payout annually over the following four years. Energy Transfer pays a higher forward yield of 8.3%, and it has raised its distributions for 12 consecutive years.
Over the past three years, Oxy's stock declined 40% as Energy Transfer's stock rallied over 40%. Let's see why Energy Transfer outperformed Oxy -- and if it's still the better buy today.
Source Fool.com
Occidental Petroleum Corp. Stock
€38.32
1.320%
Currently there is a rather positive sentiment for Occidental Petroleum Corp. with 20 Buy predictions and 5 Sell predictions.
With a target price of 60 € there is a hugely positive potential of 56.6% for Occidental Petroleum Corp. compared to the current price of 38.32 €.
