Crude oil’s plunge has continued unchecked thanks to firm supplies and weak demand. Since last summer’s peak, black gold has plunged about 60% to current prices around $45 per barrel. It goes without saying that oil stocks have moved in a similar fashion. The broad sector proxy — the Energy SPDR (XLE) — is off by about a third over the past 52 weeks. That drop in price obviously would appeal to those looking for long-term value stocks to buy, but another group of investors should be licking their lips: income hunters. Many oil stocks — including a number of high-quality names — are increasingly attractive from a dividend perspective thanks to those price drops.
The XLE itself sports a 30-day SEC yield of 3.2%, and that’s after having yielded in the 1.5% to 1.8% range within the past couple of years. That yield certainly beats the pants off 10-year Treasuries and puts oil stocks on par with many more traditional high-yielding sectors that don’t have the same potential for rebound gains. Today, we’ll look at a number of beaten-down oil stocks to buy for their suddenly much more appealing dividends: Exxon Mobil (XOM), Occidental Petroleum (OXY), Murphy Oil (MUR), Kinder Morgan (KMI) and Apache (APA).
Source: InvestorPlace
Related Articles:
- Don't Forget: Buy And Hold Is Not Buy And Forget
- The Coca-Cola Company (KO) Dividend Stock Analysis
- Dividend Stocks vs. a Safe Distribution Rate
- 12 Under-Valued Dividend Stocks
- Successful Investors Take The Emotion Out
Dividend Growth Stocks News
- Forever Dividend Stocks: 3 Income Stocks I Never Plan to Sell - Yahoo Finance - 8/31/2025
- Top 10 High-Yield Dividend Stocks For September 2025 - Seeking Alpha - 9/1/2025
- Asian Dividend Stocks: 3 Top Picks For Your Portfolio - simplywall.st - 8/31/2025
- Top ASX Dividend Stocks Cedar Woods Properties And Two More For Your Portfolio - simplywall.st - 8/31/2025
- These 4 Dividend Stocks Are Money-Printing Machines - Yahoo Finance - 8/31/2025
- Verizon Communications Inc. (VZ) Dividend Stock Analysis - 8/29/2025
- Apple Inc. (AAPL) Dividend Stock Analysis - 8/22/2025
- Archer Daniels Midland Company (ADM) Dividend Stock Analysis - 8/15/2025
- Nucor Corporation (NUE) Dividend Stock Analysis - 8/8/2025
- Raytheon Technologies Corporation (RTX) Dividend Stock Analysis - 7/31/2025
5 Beaten-Down Oil Stocks to Buy for the Dividends
Posted by D4L | Saturday, October 03, 2015 | ArticleLinks | 0 comments »________________________________________________________________
Subscribe to:
Post Comments (Atom)
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.