Locator: 46109DIV.
Top Wall Street analysts upbeat about these five dividend stocks (spoiler alert: four are energy; one is caffeine) -- link here.
- first mentioned, EOG:
Siebert Williams Shank analyst Gabriele Sorbara reiterated a buy rating on EOG with a price target of $172, citing the company’s “blowout quarter” that exceeded expectations across all metrics. Commenting on the subdued Q4 2023 guidance, the analyst reminded investors that EOG has a long track record of beating its guidance on production, capital expenditure and costs.
The analyst noted the hike in EOG’s cash returns commitment and also pointed out that this year’s total cash returns (dividends plus share buybacks) are tracking at $4.1 billion, representing about 75% of its estimated FCF of $5.5 billion.The rest: second mentioned was Coterra Energy. Third up: Crescent Energy. Fourth, FANG. And, finally, fifth, Starbucks.
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