ConocoPhillips Analyst: Dividend 'Pays Investors To Wait On Oil Recovery'
Shares of ConocoPhillips (NYSE: COP ) have declined by 17% over the last six months, lifting its dividend yield to around 6%, "second only to the major oils," according to BofA Securities. The ConocoPhillips Analyst: Doug Leggate upgraded ConocoPhillips from Neutral to Buy and reduced the price target from $46 to $44. The ConocoPhillips Thesis: The acquisition of Concho Resources Inc (NYSE: CXO ) offers ConocoPhillips cost-saving opportunities and lower exploration capital in some areas, Leggate said … Full story available on Benzinga.com
ConocoPhillips Analyst: Dividend 'Pays Investors To Wait On Oil Recovery'
Shares of ConocoPhillips (NYSE: COP ) have declined by 17% over the last six months, lifting its dividend yield to around 6%, "second only to the major oils," according to BofA Securities. The ConocoPhillips Analyst: Doug Leggate upgraded ConocoPhillips from Neutral to Buy and reduced the price target from $46 to $44. The ConocoPhillips Thesis: The acquisition of Concho Resources Inc (NYSE: CXO ) offers ConocoPhillips cost-saving opportunities and lower exploration capital in some areas, Leggate said … Full story available on Benzinga.com