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Critical Facts You Need to Know About Preferred Stocks
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Below are the dividend stocks that were subject to analyst moves before the bell. Analysts weigh in with insight and commentary as to what you can expect going forward.
1. CNOOC Upgraded by Bank of America
Independent oil and gas company CNOOC (CEO ) was upgraded on Friday, with Bank of America confirming a Buy rating. No price target was supplied. Over the weekend, the Chinese firm confirmed that it would be suspending its Canadian oil sands pipelines in an effort to comply with local regulators. There is an investigation into a recent accident at the Long Lake Facility. Finishing Friday’s session at $121.01 (down 1.7%), CNOOC’s adjusted dividend yield is 4.80%, with an annual payout of $5.81 (paid semi-annually). The stock is 40.19% from its 52-week high.
2. Dover Corp. Upgraded by Bernstein
Dover Corp. (DOV ) was upgraded on Monday, with Bernstein lifting their rating to Outperform. No price target was supplied. The Illinois-based company manufactures industrial equipment and products. Finishing Friday’s session at $60.37, Dover’s adjusted dividend yield is 2.78%, with an annual payout of $1.68 (paid quarterly). The stock is 32.47% from its 52-week high.
3. Goldman Sachs Upgraded by Evercore ISI
Investment bank Goldman Sachs (GS ) saw its stock upgraded on Monday, with Evercore ISI changing their rating to Buy. No price target was supplied. Finishing Friday’s session at $187.75 (down 0.8%), Goldman Sachs’ adjusted dividend yield is 1.38%, with an annual payout of $2.60 (paid quarterly). The stock is 14.18% from its 52-week high.
4. Intel Corp. Upgraded by Northland Securities
Technology company Intel Corp. (INTC ) saw its stock upgraded to Outperform by Northland Securities on Monday. No price target was supplied. Finishing Friday’s session at $28.42 (up 2.5%), Intel’s adjusted dividend yield is 3.38%, with an annual payout of 96 cents (paid quarterly). The stock is 25.01% from its 52-week high.
5. PetroChina Downgraded by Bank of America
PetroChina (PTR ) saw its stock downgraded on Monday, with Bank of America changing their rating to Neutral. No price target was supplied. Finishing Friday’s session at $85.14 (down 2.2%), PetroChina’s adjusted dividend yield is 2.02%, with an annual payout of $1.72 (paid semi-annually). The stock is 43.54% from its 52-week high.
6. Syngenta AG Downgraded by UBS
Agricultural chemicals manufacturer Syngenta AG (SYT) was downgraded on Monday, with UBS confirming a Neutral rating. No price target was supplied. Finishing Friday’s session at $67.93 (down 0.7%), Syngenta AG’s adjusted dividend yield is 3.46%, with an annual payout of $2.35. The stock is 30.79% from its 52-week high.
