Stock Investor Insights: Four Oil Stocks to Buy Amid the Market's Pullback

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Four Oil Stocks to Buy Amid the Market's Pullback 08/06/2024 Sponsored Content 7 Once in a Decade Buying Opportunities Eric Fry has been right about a lot of stock picks. 41 recommendations that increased over 1,000%. Another 20 that went up more than 500%. He's good. So if he releases a surprise list of 7 companies he expects to win big in 2024, you can't afford to miss it. The research is available in a new report that is available...FREE. You can download it today. Click Here... Four oil stocks to buy amid the market's pullback allow investors to purchase shares at discounted prices. Three of the four oil stocks to buy as the market dips also pay dividends to reward investors for staying patient while the industry faces some risk from reduced demand in China due to a slowing economy in the world's most populous nation. Several of the oil stocks tend to perform well in various economic conditions due to their unique niches. For investors seeking a proven performer, consider a stock that I have owned for a number of years due to its consistent dividend payments and share price appreciation. I first learned about the stock from Mark Skousen, PhD, the head of the Forecasts & Strategies investment newsletter who also leads the Five Star Trader advisory service. Courtesy of www.StockRover.com. Learn about Stock Rover by clicking here. Four Oil Stocks to Buy Amid the Market's Pullback: Enterprise Partners Associates (EPD) Dividend payouts are a definite sweetener for investors to own shares in EPD. With a current dividend yield of 7.5%, EPD can help keep long-term investors like me calm even when the market drops as it did Monday, Aug. 5. The Dow Jones Industrial Average fell more than 1,000 points, or 2.6%, while the S&P plunged 3% and the technology-heavy NASDAQ slid 3.4%. Nonetheless, the markets covered some of that ground on Tuesday, Aug. 5. Goldman Sachs analysts opined that investors have built up "significant cash piles" that can be used to purchase shares of stock that become can't-resist opportunities for bargain hunters. EPD could be one of those stocks for investors who do not mind that it is a master limited partnership (MLP) that comes with a K-1 at tax time that take additional time and effort to me and others to navigate each year. Ben Franklin scion Mark Skousen, who heads Five Star Trader and Forecasts & Strategies, talks to Paul Dykewicz. Citigroup placed a $33 target price and a buy rating on EPD, based on a net present value (NPV) that implies roughly an enterprise value (EV)/earnings before interest, taxes, depreciation and amortization (EBITDA) multiple of 9.75x per the investment firm's 2025 estimates. Of course, risks exist to reaching that price target, Citigroup wrote. They include weaker-than-anticipated Permian production growth global recession risk amid a petrochemical downcycle and ongoing regulatory risk, which may hinder future growth projects. Chart courtesy of www.stockcharts.com Retirement in a Box: From Zero to $2,500 a Month There is a way retirees can collect thousands of dollars per month for the rest of their lives -- tax-free. Plus, this tax-free income source is 100% legal and approved by the IRS. And here's the kicker: even if they don't have enough money put away yet for retirement... even if they're over age 60... they can still get thousands of dollars a month from this opportunity. Click here to find out more. Click Here... Four Oil Stocks to Buy Amid the Market's Pullback: Phillips 66 (PSX) Houston, Texas-based Phillips 66 (NYSE: PSX) is another oil industry buy recommendation. The company reported second quarter adjusted earnings per share (EPS) of $2.31, exceeding Citigroup's estimates of $1.97. Improved midstream business performance drove the outperformance, along with record volumes, reduced costs and about $30 million in one-time benefits. Refining utilization reached 98%, the company's highest in five years, leading to heightened throughput. But refining adjusted EBIT still declined quarter over quarter. PSX returned $1.325 billion to shareholders in 2Q, roughly in line with consensus of $1.342 billion. Total return of cash now stands at $11.2B since July 2022 (versus $13 billion-$15 billion target by year-end), Citigroup wrote in a research note. Phillips 66's Rodeo facility in the San Francisco Bay Area increased rates to approximately 50,000 BPD (800 million gallons per year), reaching the company's goal of achieving full capacity by the second quarter of 2024. The June 26 announcement marked a significant step in Phillips 66's commitment to play a meaningful role in the energy transition and provide customers with reduced-carbon solutions. Rodeo is now listed as a separate line item, as expected. The full conversion of the Rodeo Renewable Energy Complex expands PSX's commercial-scale production and positions Phillips 66 as a leader in renewable fuels. Chart courtesy of www.stockcharts.com Four Oil Stocks to Buy Amid the Market's Pullback: Northern Oil and Gas (NOG) Northern Oil & Gas Inc. (NYSE: NOG), based near Minneapolis, Minnesota, is a "very cheap" energy stock with a price-to-earnings ratio (P/E) of just 4.9335 and surprising growth in its oil and gas properties, wrote Skousen to his Five Star Trader subscribers. With less than 40 employees, NOG operates largely under the radar, he added. The company's unique business model avoids drilling wells and operating rigs, but instead takes partial positions in more than 10,000 operating wells in the Williston Basin, the Appalachian Basin and the Permian Basin in the United States. Northern Oil & Gas has one of the highest profit margins he recalls ever seeing in an energy stock. Northern Oil's Chief Technical Officer James Evans said earlier this year that the company's business model features capital discipline, cost control and downside protection through diversification and a "diligent hedging policy." NOG also aligns executive compensation to the company's performance. A buy recommendation also is placed on the stock by Citigroup. The investment firm wrote that Northern Oil's performance was driven by production topping expectations, as oil was in line while natural gas outperformed and lease operating expenses (LOE) beat estimates. Northern Oil's capital spending fell below estimates and natural gas pricing surprised to the upside. The company's focus remains on growth and its efficiency-oriented strategy with near-term digestion of recent acquisitions likely to remain the priority, Citigroup wrote. The investment actually raised its target price on NOG to $52 per share due to the company's solid growth trajectory and prudent operational strategy buoyed by a relatively low-risk business model balanced against a volatile commodity pricing environment. Chart courtesy of www.stockcharts.com Where are the record-setting stocks going? Wondering if you should be bullish or bearish on Nvidia for the remainder of the week? Don't worry about "buying the news" or getting scared into selling when the A.I. can guide your way. In other words, be rational. The same A.I. that predicted the banking crisis, housing market crash and Covid crash recently forecasted 2 massively bullish moves for Nvidia. Join me LIVE to learn how we're trading this ticker and 3 more with this A.I. forecast. Click Here... Four Oil Stocks to Buy Amid the Market's Pullback: Kimball Royalty (KRP) Kimbell Royalty Partners LP (NYSE: KRP), a Fort Worth, Texas-based owner of minerals and royalties nationwide, has a portfolio that includes approximately 17 million gross acres in 28 states and in every major onshore basin in the continental United States. That includes ownership in more than 129,000 gross wells with 50,000-plus wells in the Permian Basin of West Texas. The company went public in February 2017 and is maintains a buy recommendation from Citigroup. The partnership's production in the second quarter dipped slightly below expectations as oil slipped on light results from the Permian and some ancillary operational volatility, Citigroup wrote. However, the investment firm did not expect it to be a trend given that KRP's oil-weighted basins currently compose about 59.1% of the company's net well inventory. That points to a marginal reversion in the coming quarters, Citigroup wrote. KRP's performance was buoyed by stronger-than-expected pricing as a counterweight. Plus, the investment firm projected KRP would continue to execute its inorganic growth strategy and remain active in the M&A markets in coming quarters. "We continue to favor their broad geographic diversification and low-risk business model with additional comfort gained from the line-of-sight embedded in their net well inventory; consequently, we retain our Buy / High Risk rating and $20/share target price," Citigroup wrote. Chart courtesy of www.stockcharts.com These four oil stocks offer investors an opportunity to tap richly flowing cash flows. They also offer dividend payouts that might further sweeten the products generated by these oil-rich companies and their shareholders. Sincerely, Paul Dykewicz, Editor StockInvestor.com About Paul Dykewicz: Paul Dykewicz is an accomplished, award-winning journalist who has written for Dow Jones, the Wall Street Journal, Investor’s Business Daily, USA Today, Seeking Alpha, GuruFocus and other publications and websites. Paul is the editor of StockInvestor.com and DividendInvestor.com, a writer for both websites and a columnist. He further is the editorial director of Eagle Financial Publications in Washington, D.C., where he edits monthly investment newsletters, time-sensitive trading alerts, free e-letters and other investment reports. Paul also is the author of an inspirational book, "Holy Smokes! Golden Guidance from Notre Dame's Championship Chaplain", with a foreword by former national championship-winning football coach Lou Holtz. Follow Paul on Twitter @PaulDykewicz.

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