Lincoln National’s Annuities segment offers variable, fixed and indexed variable annuities. The Retirement Plan Services segment provides employers with retirement plan products and services, primarily in the defined contribution retirement plan marketplace. This segment offers individual and group variable annuities, group fixed annuities and mutual fund-based programs. Its range of plan services includes plan recordkeeping, compliance testing, participant education, and trust and custodial services.
The Life Insurance segment provides life insurance products. These include term insurance, such as single and survivorship versions of universal life insurance. It offers variable universal life insurance, indexed universal life insurance products and a critical illness rider.
Investors receive a 7.43% dividend. The Goldman Sachs price objective for Lincoln National stock is $30. The $25.92 consensus target is closer to Tuesday’s closing price of $23.78.
Pioneer Natural Resources
Many Wall Street analysts love this stock as a pure crude oil play, and the company 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. It also owned interests in 11 gas processing plants.
Its 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. In fact, 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.
A potential for a purchase by Exxon for $60 billion reportedly is close at hand. That would be the legacy energy giant’s largest acquisition since the Mobil deal in 1999.
Pioneer Natural Resources stock comes with a 6.99% dividend, which may vary from quarter to quarter. The $332 Piper Sandler target price is well above the consensus target of $263.00 and Tuesday’s $237.41 close.
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