3 High-Yield Stocks You Won't Want to Overlook
While most investors are probably somewhat familiar with Devon Energy (NYSE: DVN), Marathon Petroleum (NYSE: MPC), and Phillips 66 (NYSE: PSX), income-seekers probably don't give them a second thought because they currently have rather unappealing dividend yields. Because of that, they might have missed the fact that all three of these energy giants formed master limited partnerships that not only own and operate their logistics assets but offer a much higher yielding opportunity. Since compelling income streams can be harder to find these days, this trio is worth a closer look.
In early 2014 Devon Energy combined nearly all its U.S. midstream assets with Crosstex Energy to form EnLink Midstream Partners (NYSE: ENLK) and its general partner EnLink Midstream (NYSE: ENLC). In doing so, Devon created a large-scale midstream company that would help drive its growth. The company also created a high-yield entity for investors in the process. In fact, EnLink Midstream Partners currently yields a very generous 9.6%, which is substantially more income than investors could earn in Devon considering its paltry 0.7% yield these days.
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Source: Fool.com
Devon Energy Corp. Stock
The stock is an absolute favorite of our community with 33 Buy predictions and no Sell predictions.
With a target price of 56 € there is a positive potential of 29.87% for Devon Energy Corp. compared to the current price of 43.12 €.
