4 reasons energy stocks look particularly inviting to long-term investors now
There is an exception: Energy. It’s the best-performing sector and might still be a bargain for those who can be patient.
The energy sector has the highest dividend yield of any S&P 500 SPX, -1.15% sector. It also has the highest estimated FCF yield and the most expected FCF “headroom” — an indicator that there will continue to be plenty of free cash that can be used to raise dividends or buy back shares. Among the integrated oil companies in the S&P 500 are Exxon Mobil Corp. XOM, -1.30% and Chevron Corp. CVX, -1.06%.
But he added that the current projects “are underwritten based on contracts to sell to consumers in China, Korea and Japan.” The chart was provided by Sam Peters, a portfolio manager at ClearBridge Investments, and most recently included in this article on May 11 that included energy stock selections by Peters and other money managers.
The iShares Global Energy ETF IXC, -1.28% takes a broader approach, holding all the stocks held by XLE but adding exposure to non-U.S. producers, such as Shell PLC SHEL, +0.26% SHEL, -0.13%, TotalEnergies SE TTE, -0.87% TTE, -1.98% and BP PLC BP, +0.10% BP, -0.10% for a portfolio of 48 stocks. It is also concentrated, with the top five holdings making up 47% of the portfolio.
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