OneMain originates, underwrites and services personal loans secured by automobiles, other titled collateral or unsecured. The company also offers credit cards and insurance products, comprising life, disability and involuntary unemployment insurance; optional noncredit insurance; guaranteed asset protection coverage as a waiver product or insurance; and membership plans.
The company posted solid fourth-quarter results that beat analysts’ expectations, and with rates trending higher, the potential for consistent net interest income seems very likely.
The dividend yield here is 9.24%. The Stephens target price of $60 is well above the $52.31 consensus target and Wednesday’s close at $43.82.
Pioneer Natural Resources
Many Wall Street analysts love this stock as a pure crude oil play, and the company also employs a variable dividend strategy. Pioneer Natural Resources Co. (NYSE: PXD) operates as an independent oil and gas exploration and production company in the United States.
The company explores for, develops and produces oil, natural gas liquids (NGLs) and natural gas. It has operations in the Midland Basin in West Texas. As of December 31, 2021, the company had proved undeveloped reserves and proved developed non-producing reserves of 130 million barrels of oil, 92 million barrels of NGLs and 462 billion cubic feet of gas, and it owned interests in 11 gas processing plants.
Pioneer production services are supported by 100 well-servicing rigs, more than 100 cased-hole, open-hole and offshore wireline units, and a range of advanced coiled tubing units.
The company is a huge player in the Permian basin and the Eagle Ford in Texas, and it owns more than 20,000 locations in the world’s second-largest oil reservoir in the Midland Basin. With a stellar balance sheet, the company is poised to remain a top player in the Permian, as it expects to deliver solid production growth going forward.
Investors receive a 12.17% dividend, but remember that it may vary from quarter to quarter. The Goldman Sachs analyst has a $263 target price. The consensus target is higher at $272.35. On Wednesday, the final Pioneer Natural Resources stock trade was for $205.27.
Shares of these five top companies for a variety of reasons are trading incredibly cheap and offering investors very timely entry points. Still, it may be very prudent to start with buying partial positions, as the market still has plenty of issues to deal with, not the least of which is the ongoing inflation burden and a continued rise in interest rates.
Originally published at 24/7 Wall St.
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