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Top Wall Street analysts are optimistic about dividend stocks as the Federal Reserve embarks on a rate-cutting campaign. Exxon Mobil (XOM) reported strong Q3 results, increasing its dividend for the 42nd consecutive year, while Coterra Energy (CTRA) aims to return over 50% of its free cash flow to shareholders. Walmart (WMT) also raised its annual dividend, benefiting from robust e-commerce growth and improved margins.
Jim Cramer predicts that oil and natural gas stocks will prosper under President Trump and a Republican Congress, highlighting the natural gas ecosystem's potential for growth with federal support. He recommends stocks like EQT, Coterra, Energy Transfer, Kinder Morgan, Enbridge, Cheniere, and Sempra, noting the sector's recent recovery and optimism for the future.
Coterra Energy Inc. has received a Buy rating from UBS, highlighting its focus on crude oil and natural gas exploration and production across North America. The company operates in key regions including the Appalachian Basin and the Gulf Coast, producing 35.1 million barrels of oil and 29.8 billion m³ of natural gas in 2023.
Coterra Energy Inc. has received a Buy rating from UBS, highlighting its focus on crude oil and natural gas exploration and production across North America. The company operates in key regions including the Appalachian Basin and the Gulf Coast, producing 35.1 million barrels of oil and 29.8 billion m³ of natural gas in 2023.
Socorro Asset Management LP increased its stake in Coterra Energy, owning 403,106 shares valued at $9.65 million, while Edgestream Partners L.P. entered a new position worth $2.22 million. Hedge funds and institutional investors hold 87.92% of the stock. Coterra Energy's price target was raised to $35.00 by UBS Group, indicating a potential upside of 34.82%. The company reported a quarterly EPS of $0.32, missing estimates, but revenue rose to $1.36 billion.
Coterra Energy Inc. has finalized agreements to acquire assets in the Permian Basin for approximately $3.95 billion. The deal involves payments of $2.95 billion in cash and $1 billion in stock to Franklin Mountain Energy and Avant Natural Resources.
U.S. markets retreated after a week of postelection gains, with the S&P 500 down 0.29% and the Dow Jones Industrial Average falling 0.86%. While some stocks, like Tesla, continue to rise, early winners from the "Trump trade" are losing momentum, reflecting a potential shift in investor sentiment as economic data looms. Bitcoin briefly reached $90,000 but retreated to around $87,942.05, while Netflix's ad-supported tier gained 70 million users globally.

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