As markets are reopening and trade is being continued., there is an increase of oil price and stock shares. This is one the signs that there will be a strong market recovery post-COVID lockdown and business restrictions.
Insider Monkey published an article on the 10 Best Oil and Energy Stocks To Buy Now. A summary of that article is detailed below.
On the bottom of the list would be MV Oil Trust had a dividend yield of over 9%, a 15.8% increase in the past years. Another stock would be from United States Oil Fund. Currently, Ken Griffin’s Citadel Investment Group owns 241,369 shares as of Q4 2020.
The stock of Sunoco has gained 122% over the last 12 months. This company is good to invest in because they funded its huge dividend payments even amid a challenging market environment. Phillips also had a reasonable dividend yield even if the market is down.
Shell Midstream stands out with a double-digit distribution yield of 16%.
Their stock prices increased by 34% over the last twelve months. Chinse energy company, Sinopec, has recently entered an agreement with Qatar. The country will buy liquefied gas from them. This agreement will push Sinopec to perform more.
Euronav is a Belgium-based company that provides storage and transportation services for oil products. The stock is currently down; however, the company is still very attractive because of its recent good revenue in Q3 of 2020. The stocks of Bonanza Creek in Denver went up by 157% over the last twelve months
Tulsa in Oklahoma operates ammonia and petroleum pipelines. It has over 80 petroleum products terminals. The stock has gained over 31% over the last 12 months. Finally, Diamondback Energy is one of the biggest energy companies in the U.S. The stock has gained 2013% over the last 12 months, and it is said to be the best oil and energy company to buy stocks from.
Read more of Insider Monkey’s 10 Best Oil and Energy Stocks To Buy Now here.
