Top 5 Oil and Gas Stocks to Invest In

2. Occidental Petroleum Corporation (NYSE:OXY)

Number of Hedge Fund Holders: 57

Occidental Petroleum Corporation (NYSE:OXY) is a Houston-based energy company and it ranks second on the list of top 10 oil and gas stocks to invest in. The company operates in the exploration, production, and development of oil and gas in the US. In addition, Occidental Petroleum Corporation (NYSE:OXY) has established operations in Latin America, Africa, and the Middle East.

On August 30, Citi analyst Scott Gruber initiated a Buy rating and a $35 price target on Occidental Petroleum Corporation (NYSE:OXY). Shares of Occidental Petroleum Corporation (NYSE:OXY) jumped 7.85% in the past five days.

The company has a market cap of $79 billion. In the second quarter of 2021, Occidental Petroleum Corporation (NYSE:OXY) reported an EPS of $0.32, beating estimates by $0.29. The company’s revenue in the second quarter came in at $6.01 billion and beat revenue estimates by $154.32 million. 

Occidental Petroleum Corporation (NYSE:OXY) currently pays its shareholders an annual dividend of $0.04 per share and has a dividend yield of 0.15%.

At the end of the second quarter of 2021, 57 hedge funds in the database of Insider Monkey held stakes worth $3.62 billion in Occidental Petroleum Corporation (NYSE:OXY), up from 52 in the previous quarter worth $3.41 billion.