A Compelling Oil Play With A 5% Dividend Yield
March 01 2021 - 10:28AM
TipRanks
Legendary investor Warren Buffett does not miss out on many value
investment opportunities. Recently, Berkshire Hathaway announced a
$4.1 billion stake in Chevron Corp. (CVX). Over a one-year period,
CVX stock has underperformed the market. However, the stock is up
around 21% year-to-date and as investors look for value, CVX could
continue to perform well. The energy sector faced significant
headwinds last year as the pandemic triggered a collapse in oil
demand. Nevertheless, as economic activity continues to improve,
the supply-demand gap has narrowed on a relative basis. Production
cuts by OPEC have also supported oil prices at higher levels with
Brent already trading above $65 per barrel.
https://www.tipranks.com/news/article/a-compelling-oil-play-with-a-5-dividend-yield