Explore OXY, MRO among five energy stocks with over 30% YTD return

Highlights

• Occidental Petroleum Corporation (NYSE: OXY) has a dividend yield of 0.09%, and the annualized dividend is US$0.52.
  
  
• Marathon Oil Corporation’s (NYSE: MRO) dividend yield is 1.24%, and the current annualized dividend is US$0.28.
  
  
• Ovintiv Inc. (DE) (NYSE: OVV) has a dividend yield of 1.22%; its annualized dividend is US$0.80.
  

The oil sector stocks are gaining attention as energy prices rise to record highs. On March 1, oil rates climbed to a record high of more than US$100 a barrel, the highest since 2014. 

The 31-member International Energy Agency (IEA) said it would release 60 million barrels from its strategic reserve to blunt the impact of the Russia-Ukraine conflict disrupting global supplies.

IEA had previously tapped its emergency reserves in 1991, 2005, and 2011.

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Russia, the world's third-largest oil producer, exports about five million barrels of crude per day, or roughly 12% of the global trade. About 60% of its exports go to Europe and China 20%.

The rising oil prices helped boost the YTD gains of the S&P 500 Energy Sector Index by around 31%. Its one-year return is 48%. The following are five energy stocks that rose more than 30% year-to-date and over 50% in one year.

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Occidental Petroleum Corporation (NYSE: OXY)

Market Cap: US$45.27 billion

Closing price on March 1, 2022: US$46.79

Occidental Petroleum is an independent exploration and production company based in Houston, Texas. 

For the full year ended December 31, 2021, the company reported net sales of US$18.94 billion compared to US$13.07 billion in fiscal 2020. Its net income in fiscal 2021 was US$2.3 billion or US$1.58 per diluted share compared to the net loss of US$14.8 billion or US$17.06 per diluted share in the previous fiscal year.

The company declared a quarterly dividend of US$0.13 per share payable on April 15, 2022, to the stockholders on record as of March 10, 2022.

It has a P/E ratio of 31.07 and a dividend yield of 0.09%. The annualized dividend is currently US$0.52. In the last 52 weeks, OXY’s stock price moved in the range of US$47.83 to US$21.62. 

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Marathon Oil Corporation (NYSE: MRO)

Market Cap: US$16.9 billion

Closing price on March 1, 2022: US$22.89

Houston, Texas-based Marathon is an independent oil exploration and production company focused on unconventional resources. The company produced 173,000 net bopd of oil and 348,000 net boed of oil equivalent in 2021. 

Its revenue was US45.47 billion in fiscal 2021 compared to US$3.08 billion in the previous fiscal year. The net income came in at US$946 million or US$1.20 per share diluted compared to the net loss of US$1,451 million or US$1.83 per share diluted in fiscal 2020.

It has a P/E ratio of 19.14 and a dividend yield of 1.24%. The annualized dividend currently is US$0.28. In the last 52 weeks, MRO stock traded in the range of US$ $23.57 to US$9.70. 

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Ovintiv Inc. (DE) (NYSE: OVV)

Market Cap: US$12.32 billion

Closing price on March 1, 2022: US$47.13

Ovintiv Inc. is based in Alberta, Canada. The energy company explores, produces, and develops high-quality multi-basin products. 

For the fiscal year 2021, its revenue was US$8.65 billion versus US$6.08 billion in fiscal 2020. The net income came in at US$1.4 billion or US$5.32 per diluted share compared to the net loss of US$6.09 billion or US$23.47 per diluted share in FY 2020. 

It increased the quarterly dividend by 43% to US$0.20 per share payable on March 31, 2022, to the stockholders on record as of March 15, 2022.  

It has a forward P/E for one year of 5.25 and a dividend yield of 1.22%. The annualized dividend is US$0.80. OVV stock traded in the range US$ $47.90 to US$21.07 in the last 52 weeks.

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APA Corporation (NASDAQ: APA)

Market Cap: US$13.2 billion

Closing price on March 1, 2022: US$37.29

APA Corp. is an independent exploration and production company. It is based in Houston, Texas. It has been named in the Forbes’ 2022 list of America’s Best Midsize Employers for a consecutive second year.

The energy company reported revenue of US$7.9 billion for the fiscal year 2021 compared to US$4.3 billion in FY 2020. Its net income increased to US$0.973 billion or US$2.59 per share diluted compared to the net loss of US$4.86 billion or US$12.86 per share diluted in fiscal 2020.

APA has a P/E ratio of 14.7 and a dividend yield of 1.4%. The annualized dividend currently is US$0.50. In the last 52 weeks, its stock traded in the range US$37.64 to US$15.54.

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Source: Pixabay

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Hess Corporation (NYSE: HES)

Market Cap: US$31.18 billion

Closing price on March 1, 2022: US$101.4

New York-based Hess is an independent oil and gas producer with key assets in the Bakken Shale, the Gulf of Mexico, Guyana, and Southeast Asia. 

For the fiscal year ended December 31, 2021, the company posted revenue of US$7.58 billion versus revenue of US$4.80 billion in FY 2020. Its net income was US$0.559 billion or US$1.81 per share diluted compared to a net loss of US$3.09 billion or US$10.15 per share diluted in fiscal 2020.

It has a P/E ratio of 55.94 and a dividend yield of 0.99%. The annualized dividend currently is US$1.00. HES stock price moved in the range of US$102.99 to US$61.93 in one year.

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Bottomline 

The Russia-Ukraine conflict has intensified the supply and demand stress in the global oil market. The supplies from the OPEC plus countries weren’t enough to meet the growing demand for oil post the pandemic crisis. They have now committed to boosting production by another 400,000 barrels per day in April.