In some cases oil stocks can pay very high yielding dividends. This allows investors to potentially profit two different ways. First, with the dividend and second with capital appreciation if the stock heads higher. Because of the oil glut and subsequent crude oil crash over the last year many dividend paying oil stocks have been sold in anticipation that the company would cut the payout and even go bankrupt. Now that oil has bounced to $45 a barrel, some of these companies are looking attractive again and the yield they pay is very tempting.
The stocks below are all Zacks Ranked #1 or #2 and pay a dividend of over 10%: DHT Holdings Inc (DHT) is a Zacks Rank #1 (Strong Buy) that is engaged in the refining of petroleum primarily in the United States. The Bermuda based company has a fleet that consists of 20 oil tankers including 17 very large crude carriers. Vanguard Natural Resources, LLC (VNR) is a Zacks Rank #1 (Strong Buy) that is an independent natural gas and oil company, focused on the acquisition, exploitation and development of natural gas and oil properties. Transocean Partners LLC (RIGP) is a Zacks Rank #1 (Strong Buy) that operates and acquires modern, technologically advanced offshore drilling rigs.
Source: InvestorPlace
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