Pioneer Natural Resources is a big player in the Permian Basin and Eagle Ford in Texas, and it also owns more than 20,000 places in the Midland Basin, the world’s second largest oil reserve. With a strong balance sheet, the company looks set to remain a top player in the Permian as it looks to deliver solid production growth going forward.
Various media sources have stated that the company may still be in discussions with Exxon Mobil for a possible buyout or merger.
Pioneer Natural Resources stock comes with a dividend of 11.22%, which varies from quarter to quarter. Piper Sandler’s $319 target price is well above the $252.74 consensus figure and the most recent close at $204.80.
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Verizon
This top telecom stock offers tremendous value at current levels. Verizon Communications Inc. (NYSE: VZ) is one of the largest US telecom companies. It provides wireless and wireline service to retail, enterprise and wholesale customers.
Verizon’s wireless network provides approximately 120 million mobile connections with 115 million postpaid customers. Wireless replacement and cable competition have led to a secular decline in Verizon’s wireline business.
The company also provides unified communications, information and entertainment services over America’s most advanced fiber-optic network and provides integrated business solutions to customers around the world.
Investors get 7.40% dividend. Verizon Communications stock has a $49 price target at Cowen. The consensus target is $43.48, and the share price was $35.47 on Friday.
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When the economy is getting stronger, the bull market prevails. While the S&P 500’s breakout is more significant than the 20% low, all bear markets have been able to exceed the strength rallies of bull markets. The current rally has been very narrow, with fewer than 10 stocks accounting for 95% of the gains. The best advice is to take profits and move to passive income-producing winners while the investment wind is behind you.
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