Latest news with #Tengizchevroil
CNBC
2 days ago
- Business
- CNBC
Top Wall Street analysts recommend these dividend stocks for steady income
The Trump administration's fluctuating trade policies add uncertainty into the economy, but investors seeking stable income can look at dividend stocks to bolster their portfolios. To this end, the recommendations of top Wall Street analysts can help investors pick the dividend stocks that support consistent payments. Here are three dividend-paying stocks, highlighted by Wall Street's top pros, as tracked by TipRanks, a platform that ranks analysts based on their past performance The first dividend-paying company in this week's list is energy giant Chevron (CVX). The company recently delivered market-beating earnings for the second quarter. However, earnings declined compared to the prior-year quarter due to lower oil prices. Meanwhile, Chevron expects the recently completed Hess deal to begin contributing to its earnings in the fourth quarter of this year. In Q2, Chevron returned $5.5 billion of cash to shareholders via share repurchases of $2.6 billion and dividends of $2.9 billion. CVX stock offers a dividend yield of 4.4%. Following the Q2 print, Morgan Stanley analyst Devin McDermott resumed coverage of Chevron stock with a buy rating and a price target of $174. TipRanks' AI Analyst also has an "outperform" rating on CVX stock with a price target of $171. McDermott highlighted Chevron's Q2 earnings beat. The analyst said that the recent closing of the Hess acquisition removes a major overhang and strengthens CVX's business. The Hess deal is expected to enhance Chevron's growth and portfolio duration. Additionally, the 5-star analyst noted that while Chevron has lagged peer Exxon Mobil (XOM) in recent years, the Hess deal, along with the Tengizchevroil (TCO) project and cost-cutting measures, is expected to close the gap on growth, at least over the next 2 to 3 years. "With a ~$12.5B cash flow inflection underway, CVX's 2026 FCF [free cash flow] yield of 8% compares to XOM at 6% and COP at 7%," said McDermott. McDermott ranks No. 406 among more than 9,900 analysts tracked by TipRanks. His ratings have been profitable 59% of the time, delivering an average return of 11.6%. See Chevron Statistics on TipRanks. We move to Rithm Capital (RITM), an asset manager with significant experience in managing credit and real estate assets. The company recently announced better-than-expected second-quarter results. Rithm Capital paid a dividend of 25 cents per share for the second quarter of 2025. At an annualized dividend of $1 per share, RITM stock offers a dividend yield of 8.2%. Reacting to the Q2 performance, RBC Capital analyst Kenneth Lee raised his price forecast on Rithm Capital stock to $14 from $13 while reaffirming a buy rating. In comparison, TipRanks' AI Analyst has a "neutral" rating on RITM stock. The top-rated analyst noted that Rithm Capital reported Q2 2025 earnings available for distribution (EAD) of 54 cents per share, surpassing RBC and the Street's consensus estimate of 52 cents. Given the strong results, Lee raised his EAD per share estimate for 2025 to $2.24 from $2.21. He also raised his 2026 EAD per share estimate to $2.30 from $2.27. "We favor RITM as it pivots towards being an alternative investment manager, with a fee-based, capital-light business model, over time," said Lee. Based on management's comments, Lee noted that Rithm might not spin off or list its Newrez business and would rather focus on growing the earnings stream within the business. He views RITM's renewed focus on growth and ROE (return on equity) enhancement positively. Lee also highlighted that Rithm Capital is seeing notable cost benefits through the implementation of initiatives related to artificial intelligence. Lee ranks No. 22 among more than 9,900 analysts tracked by TipRanks. His ratings have been successful 74% of the time, delivering an average return of 18.7%. See Rithm Capital Hedge Fund Activity on TipRanks. Finally, let's look at telecom giant AT&T (T). The company delivered better-than-anticipated second-quarter earnings, topping market expectations for wireless postpaid subscriber additions. AT&T offers a quarterly dividend of $0.2775 per share. At an annualized dividend of $1.11 per share, AT&T's dividend yield stands at about 4%. In reaction to the Q2 results, RBC Capital analyst Jonathan Atkin reiterated a buy rating on AT&T stock with a price target of $31. In comparison, TipRanks' AI Analyst has a "neutral" rating with a price target of $30. Atkin explained that AT&T's Q2 revenue beat was driven by higher-than-expected Wireless equipment revenues. Furthermore, adjusted EBITDA (earnings before interest, tax, depreciation, and amortization) exceeded expectations, thanks to the strength in the company's Wireline business, which offset softer Wireless profits. The analyst noted that AT&T's revised 2025 guidance reflects cash tax benefits, the improved trajectory of the Wireline business, and a more competitive Wireless backdrop. Atkin added that the company's free cash flow outlook was revised to the low-to-mid $16 billion range compared to the previous guidance of more than $16 billion, which implies that most of the cash tax benefit will be reinvested into fiber capex and pension funding. The 5-star analyst stated that while estimates for revenue, EBITDA, and EPS for 2026 and 2027 remain unchanged, AT&T's free cash flow outlook was increased by $1 billion for both years to reflect cash tax benefits, net of incremental investments. Atkin stated that he supports management's decision to prioritize capital investments that are expected to drive long-term growth, and "highlight the company's traction in switching off legacy networks." Atkin ranks No. 234 among more than 9,900 analysts tracked by TipRanks. His ratings have been successful 67% of the time, delivering an average return of 11.3%. See AT&T Insider Trading Activity on TipRanks.
Yahoo
01-08-2025
- Business
- Yahoo
Chevron Achieves Record Production, Sees Future Growth After Hess Deal
Chevron Corp. (NYSE CVX) on Friday reported second-quarter 2025 results, with adjusted earnings and sales surpassing Wall Street estimates despite a decline in reported net earnings. The energy giant's adjusted earnings were $1.77 per share, down from $2.55 a year ago but above the consensus estimate of $1.76. Sales for the quarter were $44.82 billion, a 12.5% year-over-year decline that still beat the estimated $43.43 billion. Reported earnings fell to $2.5 billion ($1.45 per diluted share) from $4.4 billion a year earlier, a drop attributed to lower crude oil prices and a one-time net loss of $215 million related to the fair value measurement of Hess shares. Also Read: Segment performance varied. U.S. upstream earnings were $1.42 billion, down from $2.16 billion a year ago, while international upstream earnings fell to $1.31 billion from $2.31 billion. Both segments were impacted by lower liquids realizations, among other factors. In contrast, downstream operations showed growth, with U.S. earnings increasing to $404 million from $280 million and international earnings rising to $333 million from $317 million. View more earnings on CVX Operationally, the company set new quarterly records for worldwide and U.S. net oil-equivalent production, reaching 3.396 million barrels per day. This was driven by significant growth at the Tengizchevroil (TCO) affiliate (up 34%), the Gulf of America (up 22%), and the Permian Basin, which hit a milestone of 1 million barrels per day. Cash flow from operations increased to $8.6 billion from $6.3 billion, largely due to higher distributions from the TCO affiliate. The company returned $5.5 billion to shareholders in the quarter through $2.9 billion in dividends and $2.6 billion in share repurchases. Chevron's board of directors also declared a quarterly dividend of $1.71 per share, payable September 10, 2025, to all holders of common stock as shown on the transfer records at the close of business on August 19, 2025. CEO Mike Wirth said the completion of the Hess Corp. acquisition 'further strengthens our diversified portfolio and positions us to extend our production and free cash flow growth profile well into the next decade.' Other business milestones included entering the U.S. lithium sector, winning new exploration blocks, and starting production at the expanded Geismar renewable diesel plant. Price Action: CVX shares are trading 0.61% higher to $152.55 premarket at last check Friday. Read Next:Photo via Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? CHEVRON (CVX): Free Stock Analysis Report This article Chevron Achieves Record Production, Sees Future Growth After Hess Deal originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
Yahoo
28-06-2025
- Business
- Yahoo
Chevron (CVX)-Backed TCO Sends First Oil Shipment to Germany via Russia
Chevron Corporation (NYSE:CVX) is one of Goldman Sachs' top energy stock picks. On June 27, Chevron-backed Tengizchevroil (TCO) completed its first-ever oil shipment to Germany via Russia's Druzhba pipeline, delivering 100,000 metric tons. This milestone opens a new export route to European markets as Kazakhstan ramps up production from its massive Tengiz oilfield. Photo by Luis Ramirez on Unsplash Chevron holds a 50% stake in TCO, making it the lead partner in the consortium alongside ExxonMobil, KazMunayGaz, and Lukoil. The move signals Chevron's deepening involvement in Eurasian energy logistics, leveraging existing infrastructure to tap new markets and support rising output from the Tengiz field. Chevron Corporation (NYSE:CVX) is a global energy company primarily involved in the exploration, production, refining, and marketing of oil and natural gas. It also invests in renewable energy sources and develops lower-carbon solutions. While we acknowledge the potential of CVX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best AI Stocks to Buy According to Billionaire David Tepper and 10 Stocks Analysts Are Upgrading Today. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
28-06-2025
- Business
- Yahoo
Chevron (CVX)-Backed TCO Sends First Oil Shipment to Germany via Russia
Chevron Corporation (NYSE:CVX) is one of Goldman Sachs' top energy stock picks. On June 27, Chevron-backed Tengizchevroil (TCO) completed its first-ever oil shipment to Germany via Russia's Druzhba pipeline, delivering 100,000 metric tons. This milestone opens a new export route to European markets as Kazakhstan ramps up production from its massive Tengiz oilfield. Photo by Luis Ramirez on Unsplash Chevron holds a 50% stake in TCO, making it the lead partner in the consortium alongside ExxonMobil, KazMunayGaz, and Lukoil. The move signals Chevron's deepening involvement in Eurasian energy logistics, leveraging existing infrastructure to tap new markets and support rising output from the Tengiz field. Chevron Corporation (NYSE:CVX) is a global energy company primarily involved in the exploration, production, refining, and marketing of oil and natural gas. It also invests in renewable energy sources and develops lower-carbon solutions. While we acknowledge the potential of CVX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best AI Stocks to Buy According to Billionaire David Tepper and 10 Stocks Analysts Are Upgrading Today. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
05-06-2025
- Business
- Yahoo
SandCo Sets New Quartz Sand Production Record with 15,000 Tons in 2024, Eyes Further Expansion into China Market and Critical Minerals
SandCo Sets New Quartz Sand Production Record with 15,000 Tons in 2024 LONDON and ASTANA, Kazakhstan, June 05, 2025 (GLOBE NEWSWIRE) -- SandCo, Central Asia's top-tier supplier of premium quartz sand, reported an unprecedented production total of 15,000 tons for 2024 due to an initial $10 million investment in extended production facilities. SandCo operates a fully integrated quartz sand production cycle, including mining, refining, and distribution. It outputs silica with over 98% purity, and the company is working to increase its purity through constant investment in R&D. Quartz sand is used in semiconductor fabrication, high-rise construction, and advanced filtration technologies for oil and gas applications. "Our record production in 2024 is just a first step in our rehaul. We are working to accelerate our international commercial and logistic capabilities," said CEO Sanzhar Zhumanalin. "Our goal for 2025 is to push production levels up to 25,000 tons and start expansion into China and the Middle East, where top-class quartz sand is becoming an edge in important industries linked to the digital economy," he stated. During 2024, SandCo supplied quartz sand for projects such as Tengizchevroil's hydraulic fracturing operations, the Kazakhstan Football Federation's development of 20 youth football fields, and municipal water filtration projects in different locations in Central Asia. Global market demand for premium quartz sand has risen in recent years, driven by robust growth in semiconductor manufacturing. The industrial quartz sand market is projected to grow at a yearly rate of 5.5% from 2026 to 2033, while the frac sand market, essential for extracting oil and gas, is expected to expand by USD 4.50 billion between 2024 and 2028, according to industry sources. Last year, the company developed a new rail spur to connect its Kariernoe quartz deposit to international trade routes, and specifically with China and Caspian Sea ports. The company considers that the One Belt One road initiative between China and Europe will make Kariernoe an important element in future international trade routes. Founded in 1999, SandCo is part of Kazakhstan's Namys Group. Over its 25-year operational history, SandCo has grown in infrastructure development and R&D investment. Current production facilities include Hitachi and Volvo technologies, with whom SandCo maintains long standing working relations. The company is committed to ensuring premium purity and exact particle dimensions ranging from 0.1 mm to 15 mm, which is in line with international industry standards. For the 2025-2030 period, SandCo plans to enhance its cleantech position, invest in integrating renewable energy, including solar power, and reduce its carbon footprint. Further planned investments include the adoption of automated packaging and digital quality-control systems. Additionally, SandCo is advancing recycling initiatives for spent proppants, specialized quartz sands utilized extensively in oil and gas extraction processes—to promote sustainability and support circular economy practices. The company's plans include becoming a major partner of critical materials production in the next 24 months. SandCo employs more than 200 specialists with long-term licenses. For more information: media@ DISCLAIMERThis press release contains statements regarding the future of the company and its innovations. Statements regarding the future may be accompanied by words such as "anticipate", "believe", "estimate", "wait", "pretend", "power", "plan", "potential", the use of future time and other terms of similar meaning. No undue reliance should be placed on these claims. These statements involve risks and uncertainties that could cause actual results to differ materially from those reflected in such statements, including uncertainty of the company's commercial success, ability to protect our intellectual property rights, and other risks. These statements are based on current beliefs and forecasts and refer only to the date of this press release. The company assumes no obligation to publicly update its forward-looking statements, regardless of whether new information, future events or any other circumstance arise. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities in the United States or in any other jurisdiction where such offer or sale would be unlawful. A photo accompanying this announcement is available at in to access your portfolio
