XEC - EOG Ovintiv could unveil new dividend payouts Barclays says in upgrade

Catalysts will be harder to come by now among oil and gas stocks, but a major driver in the coming months will be news of new dividends or dividend policies, Barclays analyst Jeanine Wai believes."Since we're getting more and more of these [announcements] investors are more likely to begin to capitalize on variable [or] special dividends and buybacks into valuations," Wai writes, anticipating EOG Resources ([[EOG]] +1.7%) and Ovintiv ([[OVV]] +3.7%) as potentially next to announce new payouts.EOG already issued a special $1 dividend last month, but Wai says some investors "are skeptical, so there's room for incremental buyers," also noting EOG's has a relatively low dividend yield for a large oil firm, just 1.9%.Wai also likes Occidental Petroleum ([[OXY]] +0.8%) because it is sensitive to oil prices and could do well as the commodity rises.The analyst double upgrades Ovintiv to Overweight from Underweight, and raises EOG and Occidental to

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EOG, Ovintiv could unveil new dividend payouts, Barclays says in upgrade