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Alberto Abaterusso
Alberto Abaterusso
Articles (2203) 

3 Energy Stocks With High Forward Dividend Yields

Exxon Mobil tops the list

June 03, 2019 | About:

As of Friday, several stocks were offering forward dividend yields that more than doubled the S&P 500 Index's yield of 2%. As such, dividend investors may want to consider the following energy companies.

The first company is Exxon Mobil Corp. (NYSE:XOM), whose shares closed at $70.77 on Friday with a market capitalization of $299.58 billion. The stock has a forward dividend yield of 4.92% versus the industry median of 5.35%.

The Texas-based integrated oil and gas company has paid dividends since March 1962.

On June 10, Exxon Mobil will pay a quarterly dividend of 87 cents per share, which reflects a 6.1% increase from the previous payment, to shareholders of record as of May 13.

The stock also has a price-book ratio of 1.58 versus the industry median of 1.18, a price-sales ratio of 1.1 versus the industry median of 0.84 and an enterprise value-to-earnings before interest, taxes, depreciation and amortization ratio of 7.2 compared to the industry median of 6.79.

The stock declined 13% over the 52 weeks through May 31. Shares are trading below the 200-, 100- and 50-day simple moving average lines. The 52-week range is $64.65 to $87.36.

GuruFocus assigned a rating of 7 out of 10 for the company's financial strength and a 4 out of 10 rating for its profitability and growth.

Wall Street issued a hold recommendation rating with an average target price of $85.50 per share of Exxon Mobil.

The 14-day relative strength index of 19 suggests the stock is oversold.

The second company is Chevron Corp. (NYSE:CVX). The stock closed at $113.85 on Friday with a market capitalization of $216.87 billion.

The California-based integrated oil and gas company has a forward dividend yield of 4.18% versus the industry median of 5.35%. Chevron paid dividends from March 1970 to December 1976 and from March 1984 to March 2019.

On June 10, the company will pay a quarterly dividend of $1.19, which is in line with the previous distribution, to shareholders of record as of May 17.

The stock also has a price-book ratio of 1.4 versus the industry median of 1.18, a price-sales ratio of 1.38 versus the industry median of 0.84 and an enterprise value-Ebitda ratio of 6.13 versus the industry median of 6.79.

The share price is below the 200-, 100- and 50-day simple moving average lines. The 52-week range is $100.22 to $128.55 per share.

GuruFocus assigned a financial strength rating of 7 out of 10 as well as a 5 out of 10 rating for the company's profitability and growth.

Wall Street issued an overweight recommendation rating with an average target price of $139.57 per share of Chevron.

The 14-day relative strength index of 33 suggests the stock is near oversold levels.

The third company is PetroChina Co. Ltd. (NYSE:PTR), which closed at $55.33 per share on Friday with a market capitalization of approximately $179.50 billion. The forward dividend yield is 4.18% versus the industry median of 5.35%.

The Chinese oil and gas company has paid biannual variable dividends since November 2000.

The stock also has a price-book ratio of 1.07 versus the industry median of 1.18, a price-sales ratio of 0.54 versus the industry median of 0.84 and an enterprise value-Ebitda ratio of 4.77 versus the industry median of 6.79.

The stock declined 32% over the past year through May 31. The chart below shows the share price is below the 200-, 100- and 50-day simple moving average lines. The 52-week range is $55.33 to $85.02.

GuruFocus assigned a rating of 6 out of 10 for both the company's financial strength and profitability and growth.

Wall Street issued an overweight recommendation rating with an average target price of $88.24 per share of PetroChina.

The 14-day relative strength index of 26 suggests the stock is oversold. 

Disclosure: I have no positions in any securities mentioned.

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About the author:

Alberto Abaterusso
I am a contributor at GuruFocus. I primarily write about gold, silver and precious metals mining industries. My articles have also been widely linked by popular sites, including MarketWatch, Financial Times, 24hGold, Investopedia, Financial.org, CNBS, MSN Money, Zachs, Reuters and others. I hold a Master's Degree in Business Administration from Università degli Studi di Bari (Italy), Aldo Moro. I am based in The Netherlands.

You can follow me on Twitter at https://twitter.com/AAbaterusso

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