Goldman Sees Opportunity in Cheap Energy Stocks with Dividend Payoffs
Goldman Sachs is recommending investors buy shares of several energy companies that pay dividends. The bank believes these companies are undervalued and offer a strong return on investment for their shareholders.
The banks' recommendations include ExxonMobil (XOM), Chevron (CVX), ConocoPhillips (COP), and Occidental Petroleum (OXY). These companies have been struggling with low oil prices, which has led to declining revenues and profits. However, Goldman Sachs believes that the current downturn is a buying opportunity for investors.
The bank points out that these energy companies are trading at discounts to their peers in other sectors, making them attractive to investors looking for undervalued stocks. Additionally, they offer a dividend yield of around 4-5%, which is higher than many other sectors.