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
€45.70
-5.130%
Our community is currently high on Occidental Petroleum Corp. with 24 Buy predictions and 15 Sell predictions.
At the moment Occidental Petroleum Corp. has reached the predicted target price of 46 €, with a current price of 45.7 €.
