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.
Nice buys.
ReplyDeleteDivi Cents,
DeleteThanks! Just trying to spread things around a bit.
MDP
Loading up on Energy, If it goes below $50, load up some more :)
ReplyDeleteD4F,
DeleteGood strategy! I'm certainly on board with it.
MDP
I'm long XOM but don't own BP. Perhaps I should also load up on Energy a little more!
ReplyDeleteFerdiS,
DeleteYeah 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
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.
ReplyDeleteIH,
DeleteThanks for your input! I really like your investing style and appreciate the feedback!!
MDP
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.
ReplyDeleteDivHut,
DeleteNever 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