Occidental Petroleum Corp (OXY) may increase its dividend in late January or early February, potentially boosting its stock value by over 25% to $50 per share. OXY is currently trading at $39.77, down from $48.10 in September but up from a recent low of $38.92 in December. Analysts agree that OXY is undervalued, with a mean target price of around $50. Shorting out-of-the-money puts is one strategy to take advantage of OXY’s potential upside. Overall, OXY looks inexpensive at the moment, making it an attractive investment opportunity.

Read more at Barchart: Occidental Petroleum Stock Has Tanked – But It May Hike Its Dividend