|Bid||0.00 x 1000|
|Ask||73.01 x 800|
|Day's Range||72.12 - 73.29|
|52 Week Range||64.65 - 89.30|
|Beta (3Y Monthly)||0.88|
|PE Ratio (TTM)||13.43|
|Forward Dividend & Yield||3.28 (4.55%)|
|1y Target Est||N/A|
The Port of Corpus Christi is facing a lawsuit in federal court seeking to stop the raising of a levee that is allegedly in violation of local zoning laws and federal and state environmental regulations.
The "Dogs of the Dow" is a simple but successful value investing strategy that many on Wall Street swear by. It's easy: At the beginning of the year, buy the 10 highest-yielding dividend stocks in the Dow Jones Industrial Average. Hold them for a year. Next year, rinse and repeat. While this does result in higher-than-average income, the investment case really is a value one. The idea: A high dividend yield - in the kind of rock-solid blue-chip stocks the Dow tends to hold - implies that shares are oversold. Meanwhile, the continued payment of dividends shows that management remains confident in the company's earnings. Investors thus should profit both from an above-average yield, as well as an eventual recovery in share prices once Wall Street realizes its selling has gone too far. How well does the strategy work? In 2018, the Dogs of the Dow lost just 1.5% on average versus a 5.6% decline for the Dow and a 6.2% drop for the Standard & Poor's 500-stock index. The win marked the Dogs' fourth consecutive year of outperformance. And already in 2019, some Dogs are baring their fangs. Here are the 10 dividend stocks that make up the Dogs of the Dow, listed in order of their dividend yields as of the start of 2019. We also list their current yields, which have shifted a bit in the first few days of this year's trading. ### SEE ALSO: The 25 Best S&P; 500 Stocks of the Past 50 Years
Last year was definitely rough for Exxon Mobil (NYSE:XOM), with the shares down about 24% from the high Exxon stock was the sixth worst performer in the Dow. But the drop in XOM was more than just about the market swoon. The oil industry has had to deal with some tough headwinds, such as the volatility of crude prices and a stronger dollar. The result is that there has been drops in many oil companies like Chevron (NYSE:CVX), Royal Dutch Shell (NYSE:RDS.A, NYSE:RDS.B) and Marathon Oil (NYSE:MRO). Despite all this, might there be an opportunity, such as with Exxon stock? Well, I think so. The valuation on the stock is attractive and so is the dividend. InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Retail Stocks to Buy for the Rise of Menswear So let's take a deeper look: ### XOM Stock: Integrated Model Over the years, various energy companies have pulled off major restructures. Often this has meant spinning off assets to focus on certain market segments. But Exxon has taken a different approach. That is, the company remains a highly integrated platform, with upstream (oil exploration, extraction and production) and downstream (marketing, refining and retail) assets. There is also a major chemicals business, which posted $3.2 billion in profits during the past nine months. According to Exxon executive Neil Hansen on the last earnings call: "The long-term demand fundamentals remain strong in the Chemical business." For the most part, the integrated model allows for much stability in the overall business. This can certainly be key as energy commodities are susceptible to major swings in prices (which was the case for crude oil during the past six months or so). ### XOM Stock: Investment and Production One of the nagging issues for Exxon stock has been the languishing oil-equivalent production. For example, during the latest quarter there was a 2% decline to 3.8 million barrels per day. Then again, when excluding entitlement factors and divestments, the liquids production was up 6%. Yet Exxon has been investing aggressively in production, and this should lead to better growth in the years ahead. The unconventional production in the Permian has been impressive. There are currently 38 rigs in the Midland and Delaware basins. Meanwhile, Exxon has the benefit of global scale. In the latest quarter, the company had its ninth offshore discovery in Guyana. There has also been an increase in the holdings of pre-salt basins in Brazil as well as the initiation of production in the offshore Kaombo project in Angola. It's also important to keep in mind that Exxon has a strong focus on innovation, which is critical for production. The company spends over $1 billion annually on Research & Development and has more than 19,000 scientists and engineers. As a result, Exxon has been able to create innovations in areas like seismic imaging and modeling. ### XOM Stock: Valuation and Dividend Exxon is a highly efficient organization that generates substantial profits. In Q3, earnings soared by 57% to $6.24 billion. As a result, Exxon has been a solid dividend payer, with the current yield at 4.6%. Consider that the company has increased the payout an average of 6.2% annually for the past 36 years. In other words, Exxon stock is a pretty good bet when it comes to the dividend. The debt levels are also reasonable, at about $40 billion. During the latest quarter, the company reduced it by about $1.2 billion. The debt is actually at the lowest level since 2015. And finally, Exxon stock price is fairly cheap, with the price-to-earnings ratio at about 13X. What's more, Wall Street analysts think XOM stock looks attractive. The average price target is $84, which assumes 18% potential upside from current levels. Tom Taulli is the author of High-Profit IPO Strategies, All About Commodities and All About Short Selling. Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Companies Apple Should Consider Buying * 7 Beaten-Up Housing Stocks Due for a Bounce Back * Take Buffett's Advice: 5 Vanguard Funds to Buy Compare Brokers The post 3 Reasons to Be Bullish Exxon Stock, Even After the Rally appeared first on InvestorPlace.
Chevron: Analysts Expect Strong Q4 Earnings(Continued from Prior Part)Chevron pre-earningsIn this series, we reviewed the estimates for Chevron’s (CVX) fourth-quarter earnings. We discussed the company’s segmental outlook and stock performance
Broader Market Supported the Energy PortfolioOil pricesOn January 17, US crude oil March futures fell 0.5% and settled at $52.36 per barrel. Rising oil production in the United States and concerns surrounding global economic growth might have
Chevron: Analysts Expect Strong Q4 Earnings(Continued from Prior Part)Analysts’ recommendations In January, 23 analysts rated Chevron (CVX). Among the analysts, 17 (or 74%) recommended a “buy” or “strong buy,” while six (or
Analysts Are Divided on ExxonMobil ahead of Its Q4 Results(Continued from Prior Part)Short interest in ExxonMobil ExxonMobil’s (XOM) short interest, which is expressed as a percentage of its outstanding shares, has risen from 0.67% on October 1,
Analysts Are Divided on ExxonMobil ahead of Its Q4 Results(Continued from Prior Part)Implied volatility in ExxonMobil In this article, we’ll look at ExxonMobil’s (XOM) stock price forecast range based on its implied volatility for the 21 days
Analysts Are Divided on ExxonMobil ahead of Its Q4 Results(Continued from Prior Part)XOM’s performanceIn the previous article, we examined ExxonMobil’s (XOM) performance outlook by segment for the fourth quarter of 2018. Now, let’s review
Angry Dutch citizens on Thursday will ask their country's highest court to put an immediate end to gas production in the Groningen region due to the risk of life-endangering earthquakes. Decades of extraction from what once was Europe's largest natural gas field have led to dozens of minor tremors every year, damaging thousands of homes and sparking unrest among locals. An unusually severe, magnitude 3.4 quake prompted the Dutch government last year to decide to end production by 2030 and to lower it as quickly as possible in coming years.
From her red-roofed home near Papua New Guinea's capital of Port Moresby, Isabelle Dikana Iveiri overlooks a giant plant used by Exxon Mobil Corp (XOM.N) to liquefy billions of dollars' worth of natural gas before it is shipped to Asian buyers. Dikana Iveiri can also see swaths of muddy shoreline, where mangroves have been felled for firewood by locals who don't have electricity, gas, or money to buy either. The $19 billion (£14.8 billion) Exxon-led PNG LNG project was supposed to be a game-changer for PNG, a vast South Pacific archipelago beset by poverty despite its wealth of natural resources.
From her red-roofed home near Papua New Guinea's capital of Port Moresby, Isabelle Dikana Iveiri overlooks a giant plant used by Exxon Mobil Corp to liquefy billions of dollars' worth of natural gas before it is shipped to Asian buyers. Dikana Iveiri can also see swaths of muddy shoreline, where mangroves have been felled for firewood by locals who don't have electricity, gas, or money to buy either. The $19 billion Exxon-led PNG LNG project was supposed to be a game-changer for PNG, a vast South Pacific archipelago beset by poverty despite its wealth of natural resources.
Analysts Are Divided on ExxonMobil ahead of Its Q4 Results(Continued from Prior Part)Analysis by segmentBefore we proceed with its fourth-quarter outlook by segment, let’s have a look at ExxonMobil’s (XOM) third-quarter performance.
Mozambique, like many other resource rich countries could be about to become a victim of the so called ‘resource curse’ as the recently discovered gas deposits could lead to increased hardship instead of economic growth
In this daily bar chart of XOM, below, we can see a relatively sharp price decline from early October to the end of December. The OBV line remains steady in October and November and only in December does it move lower. In this weekly bar chart of XOM, below, we can see a long decline.
Is the Sharp Rise in Natural Gas Sustainable?Natural gasOn January 15, natural gas February futures fell 2.5% and settled at $3.50 per million British thermal units. On January 16, at 7:37 AM EST, natural gas prices have risen by 1.7 cents from the
Equinor (EQNR) receives exploration licenses in the Norwegian Continental Shelf, discovers gas in Ragnfrid North well and plans to boost Gullfaks Field oil recovery.
German chemicals company BASF SE said Wednesday it has co-founded a global alliance of nearly 30 companies to work on ways to eliminate plastic waste in the environment. The company said the alliance has committed more than $1 billion to the project and aims to invest $1.5 billion in the next five years. BASF Chief Technology Officer Dr. Martin Brudermueller said the company wants to help drive the effort to solve the waste problem, but also to ensure that the benefits of plastics such as convenience are not offset by the waste created when they are not disposed of or recycled in a responsible way. Data from the Ocean Conservancy shows that plastic in the oceans is mostly coming from litter on land and can be traced to ten major rivers, mostly in Asia and Africa. Many flow through regions that are densely populated but with inadequate waste collection and recycling infrastructure. The alliance will help fund projects to promote recycling, educate governments and communities and clean up areas of waste concentration. Other companies in the alliance include Chevron Phillips Chemical Company , ExxonMobil , Mitsui Chemicals and Total.
On CNBC's "Mad Money Lightning Round" , Jim Cramer said that instead of Newmont Mining Corp (NYSE: NEM ), he would buy Barrick Gold Corp (NYSE: GOLD ). Cramer would stay away from U.S. Silica ...