Benzinga - by Avi Kapoor, Benzinga Staff Writer.
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can sort through Benzinga's extensive database of analyst ratings, including by analyst accuracy. Here's a look at the most recent high-yield dividend stock ratings from the most accurate Wall Street analysts, according to Benzinga's Analyst Stock Ratings.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the energy sector.
Phillips 66 (NYSE: PSX)
- Dividend Yield: 3.15%
- Raymond James analyst Justin Jenkins maintained an Outperform rating and raised the price target from $128 to $140 on Dec. 19, 2023. This analyst has an accuracy rate of 77%.
- TD Cowen analyst Jason Gabelman maintained an Outperform rating and increased the price target from $134 to $150 on Dec. 4, 2023. This analyst has an accuracy rate of 73%.
- Recent News: Phillips 66 reportedly disclosed that it is in active discussions for the sale of its non-core assets.
- Dividend Yield: 3.14%
- B of A Securities analyst Doug Leggate downgraded the stock from Buy to Neutral and cut the price target from $147 to $140 on Jan. 5, 2024. This analyst has an accuracy rate of 74%.
- Raymond James analyst John Freeman maintained a Strong Buy rating and lowered the price target from $154 to $148 on Dec. 21, 2023. This analyst has an accuracy rate of 80%.
- Recent News: EOG Resources said U.S. oil and gas production is not going to be able to continue to grow at the pace that it did last year.
- Dividend Yield: 3.21%
- Raymond James analyst Justin Jenkins maintained a Strong Buy rating and cut the price target from $156 to $154 on Oct. 27, 2023. This analyst has an accuracy rate of 77%.
- Piper Sandler analyst Ryan Todd maintained an Overweight rating and raised the price target from $168 to $171 on Oct. 3, 2023. This analyst has an accuracy rate of 76%.
- Recent News: Valero Energy, during October, reported a third-quarter FY23 revenue decline of 13.6% year-over-year to $38.404 billion, missing the consensus of $38.495 billion.
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