• Contact
  • Privacy Policy
  • Advertise With Us
  • Login
  • Register
Your Trading Edge Magazine
  • Home
  • Feature
    • Market Commentary
    • Expert Advice
    • Columns
  • Trading
    • Shares and Trading
    • Technical Analysis
    • Trading Mindset
  • Crypto News
  • Finance
  • Subscribe
No Result
View All Result
  • Home
  • Feature
    • Market Commentary
    • Expert Advice
    • Columns
  • Trading
    • Shares and Trading
    • Technical Analysis
    • Trading Mindset
  • Crypto News
  • Finance
  • Subscribe
No Result
View All Result
Your Trading Edge Magazine
No Result
View All Result

Best energy stocks to buy as oil surges above $80

January 12, 2022
in Trading
Reading Time: 2 mins read
A A
0
Best energy stocks to buy as oil surges above $80
0
SHARES
13
VIEWS
ShareShareShareShareShare

Oil trades above $80 again, and energy stocks follow higher. Here are three stocks to buy as oil rallies: Phillips 66, Chevron Corporation, and ConocoPhillips

The new trading year barely started, but the oil price already recovered most of its recent correction. Fears of the omicron variant impacting the economy receded, and investors piled back in risk-on trades.

Oil failed above $85 last year, but the recent rally threatens to make a new higher high. As such, energy stocks are “on fire,” with oil stocks already posting double-digit gains. Moreover, valuations look attractive, and they pay hefty dividends.

Here are three energy stocks to buy amid rising oil prices: Phillips 66 (NYSE:PSX), Chevron Corporation (NYSE:CVX), and ConocoPhillips (NYSE:COP).

Phillips 66

Phillips 66 is a crude oil producer and marketer from Houston, Texas. It employs close to 10,000 people, and it was founded in 1917.

The stock price is up +2.53% today alone and +15.73% YTD. Besides the stock’s performance, the company pays a quarterly dividend with a forward dividend yield of 4.39%. Moreover, the dividend payout ratio is 86.66%, and the five-year dividend growth rate is 8.12%.

Phillips 66 grew its YoY revenue at a rate higher than the sector median by 68.57%, and at the current market price, the company reached a market capitalization of $35.92 billion.

Chevron Corporation

Chevron is based in San Ramon, California, and was founded in 1879. It is involved in petroleum operations and is one of the largest oil companies in the world.

The stock price is up +2.21% today alone and +37.36% in the last twelve months. On top of that, Chevron pays a quarterly dividend with a forward dividend yield of 4.28%. Furthermore, it has one of the longest dividend growth histories – 34 years.

Chevron operates with a gross profit margin higher than the sector median by 13.08% and the P/E ratio for 2022 is forecasted at 12.12.

ConocoPhillips

ConocoPhillips is another company from Houston, Texas, producing and marketing crude oil. Its stock price is close to record-high levels after bouncing strongly from the pandemic lows – just like the crude oil price did.

While the dividend yield is not that high when compared to the other two companies presented earlier (only 2.27%), ConocoPhillips operates with a much higher gross profit margin – higher by 22.19% than the sector median.

The stock price is up +12.26% YTD and +81.28% in the last year.

Credit: Source link

ShareTweetSendPinShare
Previous Post

Stocks, oil and gold outlook for 11 January

Next Post

When red states will turn blue

Related Posts

Sneakmart launches Metakicks sneaker lineup.
Trading

Sneakmart launches Metakicks sneaker lineup.

May 19, 2022
7
Niftables officially launches its NFT platform
Trading

Niftables officially launches its NFT platform

May 17, 2022
3
Bibox partners Nuvei to allow for easy access to cryptocurrencies
Trading

Bibox partners Nuvei to allow for easy access to cryptocurrencies

May 9, 2022
5
Fire Breaks out in Port Klang Container Yard
Trading

Business Revenues are Up – But New Challenges Emerge as Businesses

May 9, 2022
6
industry, chain, supply, terminal
Trading

Why Benchmarking in Your Supply Chain is Vital?

May 9, 2022
5
Next Post
When red states will turn blue

When red states will turn blue

Recommended

Stablecoins and cryptos does not pose risk to the financial system

Stablecoins and cryptos does not pose risk to the financial system

May 14, 2022
6
Coinbase launches new global crypto think-tank

Coinbase launches new global crypto think-tank

May 20, 2022
6
“We’re heading to a bear market worse than dot-com and 2008 crashes”

“We’re heading to a bear market worse than dot-com and 2008 crashes”

May 17, 2022
6
Supply Chain Pressure Mounts as Shanghai Extends Lockdown

Porto Itapoá, for the 4th consecutive year, is the most recommended

May 3, 2022
5
Stocks fall as traders digest Powell comments, mixed retail earnings

Stocks fall as traders digest Powell comments, mixed retail earnings

May 18, 2022
9
Your Trading Edge Magazine

This is an online news portal that aims to share the latest news about trade, finance, crypto and much more. Feel free to get in touch with us!

What’s New Here!

  • Broadcom in Talks to Acquire Cloud Company VMware
  • 3 relatively small projects to watch in P2E gaming
  • BTC/USD Sitting with 21% Pullback in May: Sally Ho’s Technical Analysis 23 May 2022 BTC

Subscribe Now

Loading
  • Contact
  • Privacy Policy
  • Advertise With Us

© 2021 - ytemagazine.com - All rights reserved!

No Result
View All Result
  • Home
  • Feature
    • Market Commentary
    • Expert Advice
    • Columns
  • Trading
    • Shares and Trading
    • Technical Analysis
    • Trading Mindset
  • Crypto News
  • Finance
  • Subscribe

© 2021 - ytemagazine.com - All rights reserved!

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?