In the latest trading session, ConocoPhillips (COP) closed at $105.48, marking a +0.57% move from the previous day.
Investors love dividend stocks, especially the high-yield variety, because they offer a significant income stream and have massive total return potential.
The S&P 500 is just a few percentage points off a record high, sports a relatively expensive valuation, and is coming off back-to-back years of massive gains. But many energy stocks have inexpensive valuations and high yields, making them good buys for value and passive-income investors.
Crude oil prices were relatively quiet last year. Brent oil, the global benchmark price , slipped 3%, closing the year at around $77 a barrel.
Energy stocks delivered an underwhelming performance in 2024. For example, the Energy Select Sector SPDR Fund -- which holds the energy stocks listed in the S&P 500 -- delivered a meager 2% return last year, significantly underperforming the broader market index's 23% return.
ConocoPhillips (COP) closed the most recent trading day at $101.09, moving +1.01% from the previous trading session.
As the calendar turns over to 2025, the leading Wall Street firms are releasing their top stock picks for the new year.
The oil market in 2025 may stay volatile, balancing rising supply with moderate demand growth. Focusing on stocks like XOM, FANG and COP could be wise.
In the closing of the recent trading day, ConocoPhillips (COP) stood at $96.92, denoting a +0.03% change from the preceding trading day.
ConocoPhillips (COP) closed at $96.89 in the latest trading session, marking a -0.23% move from the prior day.
ConocoPhillips shares are near a 52-week low, impacted by ample oil supply and sluggish global growth affecting commodity prices. Despite operational strength and increased production, the challenging commodity price environment is expected to persist into 2025, given the overhang of OPEC+ supply cuts. Conoco's acquisition of Marathon Oil enhances scale and capital productivity, with a low free cash flow breakeven ensuring dividend security.
Favorable oil prices are aiding COP's bottom line. However, the stock is exposed to commodity price volatility.