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EnvestorFirst (43.22)

Drilling for Dough

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June 07, 2011 – Comments (0) | RELATED TICKERS: XOM , CVX , COP

With oil prices at the price they currently are, it isn’t surprising that oil companies are getting good bang for their buck. Looking for oil investment opportunities and good oil stock picks? Why not choose the companies that are producing serious oil and rolling in the dough? Investment Underground tells us more about some of the best oil driller picks.

 

" …Looking at XOM from the stock prospective, 14 brokers like an expected one-year target upside of about 12%. Income investors also have something to cheer about, as XOM has not only paid but also increased its dividend for 29 consecutive years. The 2.3% current yield might leave a little to be desired, but the 30% payout ratio and near 9% average five-year dividend growth rate suggest sustainability and an increasing yield on cost. Additionally the Price to Earnings ratio around 12 appears promising, as it has dipped below its recent average. If you’re thinking oil, why not consider the biggest player?"

 

Find the entire article here:  http://seekingalpha.com/article/257937-5-oil-stocks-that-are-starting-to-look-cheap

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