Buy these cheap dividend-paying energy stocks, Goldman Sachs says
The firm still sees an opportunity to grab attractive dividend-paying energy names, despite the sector's run higher this year.
TL;DR
- Goldman Sachs sees ongoing opportunities in dividend-paying energy stocks despite a sector-wide rally.
- The State Street Energy Select Sector SPDR ETF (XLE) has gained 45% year-to-date, outperforming the S&P 500.
- Rising oil prices, influenced by Middle East conflict, have boosted energy company performance.
- Goldman Sachs highlights Devon Energy, Expand Energy, HF Sinclair, and ConocoPhillips as attractive investment options.
- These companies are noted for compelling valuations, solid free cash flow, and shareholder return initiatives.