#1 - Exxon Mobil (NYSE:XOM)
The first three stocks on this list are all “big oil” companies. The dividend yields may not jump out at you, but all of the dividends are supported by solid balance sheets.
First up is Exxon Mobil Corp. (NYSE: XOM). The company recently closed its $60 billion purchase of Pioneer Natural Resources, which provides it with access to the coveted Permian Basin. In fact, Exxon Mobil is projecting double-digit returns as it will be able to efficiently recover a larger number of resources. Plus, the company announced plans to sell some of the non-core assets that came from Pioneer, which will help it maintain its strong balance sheet.
Exxon Mobil is a dividend aristocrat that has increased its dividend for 41 consecutive years. The company’s dividend also has a sustainable payout ratio of around 46%. While the three-year annualized dividend growth of 1.13% is not particularly impressive, the total return on XOM stock over the last five years is 115.4% - which means that the dividend is a nice bonus to owning a quality energy stock.
About Exxon Mobil
Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.
Read More - Current Price
- $114.57
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 12 Buy Ratings, 6 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $135.76 (18.5% Upside)
