Tuesday, February 7, 2017

Recent Buy --- BP & XOM


Today I added to my BP & XOM positions.




  • BP:  50 shares @ $34.19 --- Yield  6.96%
  • XOM:  20 shares @ $82.55 --- Yield  3.63%

Total capital invested is $3374.30 and will increase my yearly dividends by $179.00.

My energy position recently dropped to 9% of total portfolio weight, so it doesn't hurt to add a few shares of these energy behemoths right now.  If oil makes it's way back to $60, these will be a good buys.  However, if oil drops back below $50 then look out below!

Forward dividends are around $7080.

10 comments:

  1. Replies
    1. Divi Cents,

      Thanks! Just trying to spread things around a bit.

      MDP

      Delete
  2. Loading up on Energy, If it goes below $50, load up some more :)

    ReplyDelete
    Replies
    1. D4F,

      Good strategy! I'm certainly on board with it.

      MDP

      Delete
  3. I'm long XOM but don't own BP. Perhaps I should also load up on Energy a little more!

    ReplyDelete
    Replies
    1. FerdiS,

      Yeah I own some shares of BP and Shell. XOM is the best of the group, but not necessarily the cheapest. It's good to spread out among a few position within this sector. Divvy cuts are a real part of life!!

      MDP

      Delete
  4. I like these buys. It looks like hedge funds have been going long on an oil recovery. It's a good idea to add shares now.

    ReplyDelete
    Replies
    1. IH,

      Thanks for your input! I really like your investing style and appreciate the feedback!!

      MDP

      Delete
  5. Energy baby. Nice current yield with these two pick ups as well. I'm still with 0 energy in my portfolio but that doesn't mean it's a bad sector. Curious to know your thoughts on TOT.

    ReplyDelete
    Replies
    1. DivHut,

      Never really looked at TOT before. I see Shell, XOM, and CVX stations stations all over Houston. Even BP is pretty sparse down here. Great company though!

      MDP

      Delete