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Oil Explodes Higher: 6 Big Dividend Stocks to Buy Still Have Room to Run
March 3, 2022 7:28 am
Last Updated: March 3, 2022 7:32 am
The Renewable Power Generation segment operates power generating assets, such as wind, solar, geothermal and waste heat recovery facilities, and transmission assets in North America and Europe. The Energy Services segment provides energy marketing services to refiners, producers and other customers, as well as physical commodity marketing and logistical services in Canada and the United States.
Enbridge stock investors receive a 6.11% dividend. Royal Bank of Canada has a price target equivalent to $47.27. The analysts’ consensus target is $45.19, and the last trade on Wednesday was reported at $44.40 a share.
Enterprise Products Partners
This is the largest publicly traded energy partnership and a leading North American provider of midstream energy services to producers and consumers. Enterprise Products Partners L.P. (NYSE: EPD) services include gathering, processing, transportation and storage of natural gas, natural gas liquid (NGL) fractionation, import and export terminaling, and offshore production platform services.
One reason many analysts may have a liking for the stock might be its distribution coverage ratio. This ratio is well above 1 times, making it relatively less risky among the master limited partnerships.
Investors receive a 7.45% distribution. The Goldman Sachs price target on Enterprise Products Partners stock is $30, and the consensus target is $28.77. Shares closed at $24.97 on Wednesday.
Exxon Mobil
Despite the recent rally in oil, this mega-cap energy leader still trades below levels printed five years ago and still offers investors an excellent entry point. Exxon Mobil Corp. (NYSE: XOM) is the world’s largest international integrated oil and gas company. It explores for and produces crude oil and natural gas in the United States, Canada, South America, Europe, Africa and elsewhere.
Exxon also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and specialty products, and it transports and sells crude oil, natural gas and petroleum products.
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