Chevron posted stellar first-quarter results and remains one of the best ways to play energy safely.
The company pays a 3.77% dividend. Raymond James has a $208 target price on Chevron stock. The consensus target is $191.96, and shares closed on Friday at $160.21 apiece.
Citigroup
This top bank stock has rallied nicely off the lows, and Buffett bought $2.5 billion worth of the shares last summer. Citigroup Inc. (NYSE: C) is a leading global diversified financial service company that provides consumers, corporations and governments a broad range of financial products and services.
The company offers services such as consumer banking and credit, corporate and investment banking, securities brokerage, transaction services and wealth management. And it operates and does business in more than 160 countries and jurisdictions in North America, Latin America, Asia and elsewhere.
Trading at a still cheap 8.98 times estimated 2023 earnings, this pick looks quite reasonable in what remains a volatile stock market, as well as in a sector that has dramatically lagged recently. Plus, like the other big money-center banks, Citigroup is in much better shape than during the financial crisis of 2008.
Citigroup stock investors receive a 4.40% dividend. The $78 Oppenheimer price target is a Wall Street high. The consensus target is $58.04, and shares closed at $46.32 on Friday.
Coca-Cola
This top Buffet holding also offers safety. Coca-Cola Co. (NYSE: KO) is the world’s largest beverage company, refreshing consumers with more than 500 sparkling and still brands. It has an incredibly strong worldwide brand, with 40% overseas sales.
The company’s portfolio features 20 billion-dollar brands including Diet Coke, Fanta, Sprite, Coca-Cola Zero, vitaminwater, Powerade, Minute Maid, Simply, Georgia and Del Valle. Globally, it is the number one provider of sparkling beverages, ready-to-drink coffees and juices and juice drinks.
Through the world’s largest beverage distribution system, consumers in more than 200 countries enjoy Coca-Cola beverages at a rate of more than 1.9 billion servings a day. Also remember that the company also owns 16.7% of Monster Beverage, which continues to deliver big numbers.
Shareholders receive a 2.87% dividend. Citigroup’s target price is $74, and Coca-Cola stock has a consensus target of $69.88. Friday’s final trade was for $64.02 a share.
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