Investing

OPEC Vehemently Rejects Production Increase Headlines: Buy These Mega-Cap Dividend Energy Leaders Now

The company sports a sizable 3.10% dividend, and has a solid place in the sector when it comes to natural gas, and liquefied natural gas. Raymond James has an Outperform rating and a $215 target price. The consensus target is posted lower at $191.67. The shares closed Tuesday at $185.89 a 3% gain.

ConocoPhillips

This is another large-cap company that offers strong value for investors. ConocoPhillips (NYSE: COP) explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas, and natural gas liquids worldwide.

Conoco’s portfolio includes resource-rich North American tight oil and oil sands assets; lower-risk legacy assets in North America, Europe, Asia, and Australia; various international developments; and an inventory of conventional and unconventional exploration prospects.

Many Wall Street analysts feel Conoco can accelerate growth from a reloaded portfolio depth in the Bakken and Eagle Ford with visibility on future growth from a sizable position in the Permian.

Investors are paid a 1.89% dividend. Truist Financial has a Buy rating and their price target for the company is a Wall Street high of $167, which compares with the lower Wall Street consensus price target of $136.26. Conoco was last seen Tuesday at $129.98 up nearly 4%.

Exxon Mobil

Despite the rally in oil this year, this mega-cap energy leader trades at a reasonable valuation and still offers investors an excellent entry point. Exxon Mobil Corporation (NYSE: XOM) is the world’s largest international integrated oil and gas company that explores for and produces crude oil and natural gas in the United States, Canada/South America, Europe, Africa, Asia, and Australia/Oceania.

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