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☆ Top Wall Street analysts tout these energy stocks for attractive dividends
▼ + stars: | 2024-12-08 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +2 min

Moreover, the appeal of dividend stocks increases as interest rates decline, as is currently the case. Following the recommendations of top Wall Street analysts can help investors pick attractive dividend stocks, given that these experts conduct an in-depth analysis of a company's financials to assess its ability to pay — and increase — dividends. Here are three dividend-paying stocks, highlighted by Wall Street's top pros as tracked by TipRanks, a platform that ranks analysts based on their past performance. ChevronWe start this week with oil and gas producer Chevron (CVX). It returned $7.7 billion to shareholders in the third quarter, including $4.7 billion in share buybacks and $2.9 billion in dividends.

Persons: Wall, Goldman Sachs, Neil Mehta, Mehta, TipRanks Organizations: Wall, Chevron, CVX, Chevron Stock Locations: Kazakhstan, Gulf, Mexico, TipRanks

☆ These stocks are the biggest bargains in the S&P 500 heading into the second half
▼ + stars: | 2024-06-24 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

A collection of stocks with strong earnings potential and discounted valuations may be a good way for investors to find value in the market. CVX YTD mountain Chevron stock. FDX YTD mountain FedEx stock. Altria Group is the most discounted stock on the list, with the stock's trailing 12-month P/E representing a 116% haircut compared with its five-year average. MO YTD mountain Altria Group stock.

Persons: Peer, haven't, Mike Wirth, Thomas Wadewitz Organizations: Nvidia, Broadcom, Qualcomm, CNBC Pro, CNBC, Stock, ., Chevron, Exxon Mobil, FedEx, UBS, U.S . Postal Service, Altria, U.S . Food, Drug Administration, Conagra Brands, Marathon Petroleum Locations: U.S

Morgan Stanley raised its price target on Nvidia, calling for more than 15% upside going forward. — Lisa Kailai Han 5:53 a.m.: Jefferies lowers Tesla price target, cites 'self-inflicted' wounds Tesla's troubles may not be over yet, according to Jefferies. The investment firm kept its hold rating on the electric vehicle maker and lowered its price target to $165 from $185. Jefferies analyst Philippe Houchois also said Tesla is plagued by shifting product priorities. — Lisa Kailai Han 5:53 a.m.: Morgan Stanley raises Nvidia price target Nvidia has already rallied more than 72% in 2024.

Persons: Morgan Stanley, Jefferies, Patrick Cunningham, Erik Fyrwald's, Cunningham, — Lisa Kailai Han, Zillow, John Colantuoni, Colantuoni, Scott Schoenhaus, Schoenhaus, Lisa Kailai Han, Hess, Betty Jiang, CVX, Jiang, Tesla, Philippe Houchois, Joseph Moore, Moore, — Fred Imbert Organizations: CNBC, Nvidia, Citi, Management, & Biosciences, Jefferies, National Association of Realtors, Markets, GDRX, Barclays, Chevron, NVIDIA, AMD Locations: Tuesday's, China

They offer a dividend yield of at least 2%. Oil major Chevron made the list with a 4.1% dividend yield. More than half of analysts polled by FactSet maintain a buy rating on Chevron. Fast-food giant McDonald's also made the cut, with a 2.4% dividend yield. Nearly 53% of analysts polled by FactSet maintain a buy rating on McDonald's, with their average price targets forecasting 17% upside.

Persons: Jerome Powell, Mizuho, Gregory Francfort Organizations: Federal Reserve, CNBC Pro, Chevron, FactSet, Guggenheim, NextEra Energy

☆ Analysts love these Warren Buffett-owned stocks, including one expected to rally more than 20%
▼ + stars: | 2024-02-25 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

But even a rally of these proportions doesn't mean that all future gains in 2024 are off the table for investors. As of Thursday, 85% of analysts covering the stock had assigned it a buy rating, with an average potential upside of 23%. About 62% of analysts covering the stock have assigned it a buy rating, with the average analyst predicting a potential upside of 14%. More than three-fourths of analysts have assigned telecommunications giant T-Mobile a buy rating. While T-Mobile missed analysts' earnings expectations, the firm posted a higher revenue than Wall Street had expected.

Persons: Stocks, Warren Buffett, Berkshire Hathaway, —, Fred Imbert Organizations: Nasdaq, Nvidia, CNBC Pro, York Stock Exchange, Dow Jones, Walgreens, Alliance, Amazon, Chevron, Mobile, Wall, Visa, Mastercard

☆ Bank of America says try the 'Magnificent 80' portfolio instead as income investing comes back into favor
▼ + stars: | 2024-02-13 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

The narrow stock market rally could broaden out beyond megacap tech, and investors should target the "Magnificent 80" stocks, according to Bank of America's Savita Subramanian. Both are key reasons Subramanian sees the market rally broadening, alongside an expected spike in volatility tied to the U.S. election and Federal Reserve interest rate cuts. To play the expected widening market rally, Subramanian points toward the so-called "Magnificent 80" stocks, which are composed largely of companies with strong fundamentals. These names, which Bank of America screened for, have higher equity income potential than cash, touting competitive dividend yields. Here are a few of those Magnificent 80 companies that are rated buy by Bank of America.

Persons: Bank of America's Savita Subramanian, Subramanian, Philip Morris Organizations: Bank of America's, Microsoft, Nvidia, Tesla, Federal, Bank of America, Ford, Bank, America's, Wall, Chevron, Truist

☆ Cash-rich Exxon, Chevron use stock for mega deals amid energy market jitters
▼ + stars: | 2023-10-24 | by ( David French | ) www.reuters.com time to read: +5 min

Since our shareholders are getting Chevron stock, we get to participate in the upside, and also get a higher dividend," he said. He added that Hess shareholders who keep their shares in their combined company will see their dividend rise from $1.75 to $6 per share following the close of the deal. Exxon and Chevron are keen on these deals because they want to avoid the risk of exploring unproven reserves as oil and gas become scarcer. Exxon and Chevron had $29.5 billion and $9.3 billion in cash, respectively, as of the end of June. Keeping dividends and share buybacks strong helps compensate existing Exxon and Chevron shareholders for the dilution incurred in the all-stock acquisitions.

Persons: Hess, John Hess, Andrew Dittmar, David French, Greg Roumeliotis, Marguerita Choy Organizations: Exxon Mobil, Chevron, Exxon, Natural Resources, PDC Energy, Noble Energy, Morningstar, Anadarko, Occidental Petroleum, Thomson Locations: Ukraine, U.S, Guyana, New York

☆ Analysis: Cash-rich Exxon, Chevron use stock for mega deals amid energy market jitters
▼ + stars: | 2023-10-24 | by ( David French | ) www.reuters.com time to read: +5 min

☆ Supply cuts from Saudi Arabia remain price drivers for oil heading into the fourth quarter
▼ + stars: | 2023-10-02 | by ( Brian Evans | ) www.cnbc.com time to read: +6 min

Experts predict oil prices will continue to rise heading into the fourth quarter, driven by tighter supply and production cuts. Despite some profit-taking in the last week of September, crude oil prices have rallied since the summer. That means U.S. crude oil reserves will remain under pressure amid the Saudi production cuts. And questions still remain as to the strength of a resurgence from the Chinese economy and how that will support higher oil prices. Goldman also recently published its list of buy-rated stocks to play higher oil prices, which included Chevron and Baker Hughes .

Persons: Goldman Sachs, Brent, Viktor Katona, Katona, Stephen Ellis, Ellis, Ole Hansen, " Hansen, Brian Mulberry, Mulberry, Goldman, Baker Hughes, Neil Mehta, Mehta Organizations: Brent, West, West Texas, Bank of America, Chevron, ExxonMobil, Morningstar, Saxos Bank, Zacks Investment Management, Federal Reserve, ConocoPhillips, XOM Locations: West Texas, Saudi Arabia, Saudi, Russia, OPEC, U.S, Cushing , Oklahoma, East, Kuwait, Iraq, Ukraine, Iran

☆ 5 energy stocks with double-digit return potential as oil prices head toward $100, according to Goldman
▼ + stars: | 2023-09-21 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Chevron stock has slipped roughly 7% from the start of the year. CVX YTD mountain Chevron stock. "We see 16% total return to Chevron," Mehta said. CVE YTD mountain Cenovus stock. BKR YTD mountain Baker Hughes stock.

Persons: Goldman Sachs, Neil Mehta, Goldman, Mehta, refiner Phillips, Cenovus, Brent, Baker Hughes, Baker, — CNBC's Michael Bloom Organizations: Brent, West Texas, Chevron, Phillips, Natural Resources, stoke, Baker Locations: Canada, 2H2023

☆ Morgan Stanley says these are the key energy stocks to buy as oil rises to highest levels of the year
▼ + stars: | 2023-09-12 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Morgan Stanley is banking on higher summer oil prices to extend into the fall. A combination of stronger demand and supply cuts pushed crude oil prices higher in the second half of the summer after showing encouraging signs of lower prices. On Tuesday, oil prices notched to their highest level since November 2022, according to FactSet data. Elsewhere, Morgan Stanley rates both ConocoPhillips and Hess at overweight, with price targets of $124 and $158, respectively. Among Canadian equities, Morgan Stanley also mentions Cenovus Energy with an overweight rating and a $31 per share price target.

Persons: Morgan Stanley, Morgan Stanley's, Hess, — CNBC's Michael Bloom Organizations: Organization of, Petroleum, Chevron, ConocoPhillips, Cenovus Energy Locations: Russia, U.S, Chevron

☆ Top Wall Street analysts pick these dividend stocks for solid returns
▼ + stars: | 2023-08-13 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +7 min

Here are five attractive dividend stocks, according to Wall Street's top experts on TipRanks, a platform that ranks analysts based on their past performance. Nonetheless, Goldman Sachs analyst Neil Mehta recently upgraded Chevron to buy from hold, citing leading capital returns and inflection in free cash flow next year. Regarding capital returns, Mehta noted that Chevron has grown its dividends for more than 25 years. (See Chevron Stock Chart on TipRanks)ConocoPhillipsMehta is also bullish on another dividend-paying energy stock – ConocoPhillips (COP). The analyst projects a capital return yield of 7% in 2024, with room for further upside.

Persons: Michael Wirth, Adam Jeffery, Wall, Goldman Sachs, Neil Mehta, Mehta, TipRanks, ConocoPhillips Mehta, Nitin Kumar, Kumar, Baird, Tristan Gerra, Gerra Organizations: Chevron, CNBC, Chevron Energy, Exxon, ConocoPhillips, Mizuho, Seagate Technology Seagate, Seagate, STX Locations: Russia, Ukraine, Tengiz, China

☆ Goldman Sachs upgrades Chevron, says big gains are coming for the energy giant
▼ + stars: | 2023-07-31 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Goldman Sachs thinks Chevron is on the verge of a breakout. The firm upgraded shares of the oil giant to buy from neutral Monday and raised its price target to $187 from $166 per share. Chevron has struggled this year, slipping 11.5%, while the S & P 500 is up 19% in that time. But analyst Neil Mehta thinks now is the time to buy into the energy giant, Chevron now has a clear path to generating positive free-cash-flow in 2025 and 2026 and trades at a relatively cheap valuation. The analyst also said Chevron is trading at a more compelling valuation relative to peers.

Persons: Goldman Sachs, Neil Mehta, Mehta, Michael Bloom Organizations: Chevron Locations: Gulf Mexico, Mexico

☆ The best stocks now that the 'age of A.I. is upon us,' according to Jefferies
▼ + stars: | 2023-06-29 | by ( Brian Evans | ) www.cnbc.com time to read: +4 min

The emergence of OpenAI's large-language model ChatGPT has spurred investor excitement over AI, helping stocks with direct or perceived exposure to AI soar. AI stocks led the stock market in the first half of the year, with leading AI chipmaker Nvidia touching a $1 trillion market capitalization in May. Jefferies maintains a buy rating on Alphabet stock with a $150 per share price target, or about 25% upside from Wednesday's $120.18 close. The bank has a $280 per share price target on the Facebook parent, or about 2% below Wednesday's $285.29 close. Thill "believes META is best positioned to take advantage of the AI opportunity vs. social peers TikTok and Snap," the Jefferies report said.

Persons: Jefferies, isn't, Mark Lipacis, Mark, Bard, Brent Thill, Lloyd Byrne, TikTok Organizations: Jefferies Equity Research, Nvidia, Intel, Microsoft, Jefferies, Google, Chevron, . Energy, Facebook

☆ RBC upgrades Chevron, says oil giant can navigate a volatile market thanks to a 'fortress balance sheet'
▼ + stars: | 2023-06-01 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

RBC Capital Markets thinks oil giant Chevron can thrive in an increasingly unstable macroeconomic environment. The bank upgraded Chevron stock to outperform from sector perform on Thursday. RBC analyst Biraj Borkhataria thinks Chevron's has managed its balance sheet conservatively in the past, which has helped the company sustain its dividend yield as well as acquire companies successfully. CVX YTD mountain Chevron stock has pulled back more than 16% from the start of 2023. Last month, HSBC upgraded the oil giant to buy from hold, noting the stock's recent drop has created a buying opportunity .

Persons: Biraj Borkhataria, Chevron's, Borkhataria, — CNBC's Michael Bloom Organizations: RBC Capital Markets, RBC, PDC Energy, Chevron, HSBC Locations: Chevron, Wednesday's

☆ HSBC sees Chevron jumping more than 20% as oil prices recover
▼ + stars: | 2023-05-23 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

HSBC thinks oil giant Chevron stands to benefit from a recovery in oil prices. The firm upgraded shares of Chevron to buy from hold, with a $189 price target, which represents about 24% upside from Monday's close. Chevron shares are down nearly 10% this month. HSBC analyst Kim Fustier thinks that's mainly due to a drop in oil prices — U.S. crude oil is down 6% in May — noting it opens a buying opportunity. Meanwhile, the International Energy Association recently warned of a pending oil shortage that could lift prices higher in its monthly report for May .

Persons: Kim Fustier, that's, Fustier, Brent, — CNBC's Michael Bloom Organizations: HSBC, Chevron, Exxon, International Energy Association Locations: Chevron

OMAHA, Nebraska, May 6 (Reuters) - Warren Buffett said on Saturday that Berkshire Hathaway Inc (BRKa.N) is not planning to acquire Occidental Petroleum Corp (OXY.N) but remains happy with its large investment in the oil company. Speaking at Berkshire's annual shareholder meeting, Buffett rejected speculation that Berkshire would buy Occidental after having accumulated a 23.6% stake. "We will not be making any offer for Occidental," Buffett said. "Hollub is an extraordinary manager at Occidental," Buffett said. Last August, Berkshire won U.S. Federal Energy Regulatory Commission permission to buy up to 50% of Occidental's common stock.

☆ US stocks end mixed as energy sector rides surge in oil prices while tech stocks fall
▼ + stars: | 2023-04-03 | by ( Carla Mozée | ) www.businessinsider.com time to read: +2 min

The energy sector jumped alongside crude oil prices. Brent and WTI oil soared after OPEC+ announced production cuts will start in May. Tech stocks were weighed by the renewed prospect of higher interest rates. The S&P 500's energy sector was thrust in the spotlight, logging its best day in six months as Brent and WTI oil prices surged. Tech stocks fell on the prospect that more rate hikes may be in the Fed's pipeline.

☆ Oxy CEO Vicki Hollub doesn't seem worried about White House pressure on buybacks, oil prices
▼ + stars: | 2023-03-07 | by ( Eric Rosenbaum | ) www.cnbc.com time to read: +6 min

That new fiscal approach from the energy patch has not made the White House happy, especially when oil prices and oil company profits were at a peak last year. Gas prices are right where they should be right now, she says, and are likely to stay this way. If there is risk to gas prices this year, it's to the upside. Amid high gas prices last year, the Biden administration released the most oil from the Strategic Petroleum Reserve on record, 180 million barrels. Among the reasons oil prices will remain higher?

☆ Biden's stock buyback tax isn't working. In State of the Union, he's asking Congress for more
▼ + stars: | 2023-02-07 | by ( Eric Rosenbaum | ) www.cnbc.com time to read: +14 min

In September 2021, Sen. Sherrod Brown (D-Ohio) and Sen. Ron Wyden (D-Oregon) proposed that stock buybacks should be taxed at 2%. Lazonick, who thought any minor buyback tax would be ineffective, says he has been proven correct. If a higher buyback tax is enacted, he is betting it will not have the outcomes that Democrats envision. While it's hard to see a higher tax getting passed in the current Congress, it does make sense for Biden to state his desire for 4%. Changing a buyback tax, though, might first prove harder.

☆ Chevron's head-turning $75 billion buyback may not be all it's cracked up to be
▼ + stars: | 2023-01-26 | by ( Jesse Pound | ) www.cnbc.com time to read: +2 min

The massive stock buyback plan unveiled by Chevron on Wednesday may not be much for investors to cheer about, according to Bank of America. The oil giant announced a $75 billion buyback plan and a dividend hike, sending its shares higher by as much as 4% Thursday. However, the updated Chevron stock buyback plan didn't include any management projections as to timing, or an expiration date. Chevron spent $3.75 billion on buyback in the third quarter, equal to a $15 billion annual rate. Because the $75 billion plan is open-ended, it's also subject to future fluctuations in oil prices, Leggate said.

☆ Jim Cramer predicts how Chevron stock will perform in 2023
▼ + stars: | 2023-01-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJim Cramer predicts how Chevron stock will perform in 2023Cramer gave his take on how he believes shares of Chevron will perform this year.

☆ Warren Buffett's Berkshire Hathaway likely boosted its Chevron bet last quarter. Here are 6 key insights from its Q3 earnings.
▼ + stars: | 2022-11-08 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +5 min

Berkshire benefited from higher interest rates and a stronger US dollar. It also revealed the billion-dollar hit to its insurance business from Hurricane Ian, and the positive impact of higher interest rates and a stronger US dollar on its operations. The discrepancy suggests it raised its stake to about 170 million shares last quarter. It owned about 908 million shares of the iPhone maker at the end of December, and purchased nearly 4 million more shares in the second quarter of this year. The US central bank's rate increases boosted the amount of interest that Berkshire earned on its cash and Treasury bills.

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