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. (XOM, Financial), 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.
The 14-day relative strength index of 19 suggests the stock is oversold.
The second company is Chevron Corp. (CVX, Financial). 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.
The 14-day relative strength index of 33 suggests the stock is near oversold levels.
The third company is PetroChina Co. Ltd. (PTR, Financial), 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.
The 14-day relative strength index of 26 suggests the stock is oversold.Â
Disclosure: I have no positions in any securities mentioned.
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