In This Article:
- By Shuda Xia
Occidental Petroleum Corp. (OXY), Canon Inc. (CAJ), Annaly Capital Management Inc. (NLY) and AGNC Investment Corp. (AGNC) have declined to their three-year lows.
Occidental Petroleum declined to $57.95
The price of Occidental Petroleum shares declined to $57.95 on May 3, which is only 1.9% above the three-year low of $56.83.
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The intrinsic value of OXY
The oil and gas exploration and production company has operations in the United States, the Middle East and Latin America. It is engaged in petrochemical manufacturing in the U.S., Canada and Chile. The company was the ninth-largest petroleum producer in Texas in 2018.
Occidental has a market cap of $43.34 billion; its shares were traded around $57.95 with a price-earnings ratio of 10.75 and a price-sales ratio of 2.48. The trailing 12-month dividend yield is 5.35%. The forward dividend yield is 5.44%.
On April 30, Occidental announced Berkshire Hathaway Inc. (BRK.A)(BRK.B) has committed to invest $10 billion in the company. The investment is contingent upon Occidental entering into and completing its proposed acquisition of Anadarko Petroleum Corp. (APC). Berkshire will receive 100,000 shares of cumulative perpetual preferred stock with a liquidation value of $100,000 per share.
Canon declined to $27.66
The price of Canon shares declined to $27.66 on May 3, which is only 4.7% above the three-year low of $26.37.
The Japanese company manufactures imaging and optical products. Some of the company's products include cameras, camcorders, photocoperies, steppers and computer printers. The company has a primary listing on the Tokyo Stock Exchange and a secondary listing on the New York Stock Exchange. The company is also a component of the TOPIX Core 30.
Canon has a market cap of $29.91 billion; its shares were traded around $27.66 with a price-earnings ratio of 14.69 and a price-sales ratio of 0.87. The trailing 12-month dividend yield is 5.22%. The forward dividend yield is 5.24%. The company had an annual average earnings growth of 0.10% over the past 10 years.
On April 9, Canon announced it is expanding the PRISMAsync Print Server Family by introducing the PRISMAsync Print Server V7 and PRISMAsync Print Sever LP. The new print server offers capabilities to help improve print quality, productivity and versatility of the new Canon imagePRESS C910 color digital press series.
Annaly Capital Management declined to $9.70
The price of Annaly Capital shares declined to $9.70 on May 3, which is only 1.3% above the three-year low of $9.57.