Wall Street's Most Accurate Analysts Say Buy These 3 Energy Stocks With Over 3% Dividend Yields

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.

Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can sort through Benzinga's extensive database of analyst ratings, including by analyst accuracy. Here's a look at the most recent high-yield dividend stock ratings from the most accurate Wall Street analysts, according to Benzinga's Analyst Stock Ratings.

Below are the ratings of the most accurate analysts for three high-yielding stocks in the energy sector.

Nordic American Tankers Limited NAT

• Dividend Yield: 16.09%
• Jefferies analyst Omar Nokta reiterated a Buy rating with a price target of $5 on May 22, 2023. This analyst has an accuracy rate of 67%.
• B. Riley Securities analyst Liam Burke maintained a Buy rating and boosted the price target from $5 to $5.5 on Feb. 28, 2023. This analyst has an accuracy rate of 67%.
• Recent News: Nordic American Tankers reported better-than-expected first-quarter financial results.

Chevron Corporation CVX

• Dividend Yield: 3.90%
• Piper Sandler analyst Ryan Todd maintained an Overweight rating and cut the price target from $196 to $188 on June 13, 2023. This analyst has an accuracy rate of 72%.
• Raymond James analyst Justin Jenkins maintained an Outperform rating and slashed the price target from $212 to $208 on April 14, 2023. This analyst has an accuracy rate of 77%.
• Recent News: Chevron plans to sell its oil and gas assets in Congo to focus on more profitable production.

Valero Energy Corporation VLO

• Dividend Yield: 3.68%
• Raymond James analyst Justin Jenkins maintained a Strong Buy rating and cut the price target from $169 to $150 on June 7, 2023. This analyst has an accuracy rate of 77%.
• Piper Sandler analyst Ryan Todd maintained an Overweight rating and slashed the price target from $188 to $155 on May 18, 2023. This analyst has an accuracy rate of 72%.
• Recent News: Valero announced the retirement of CEO Joseph W. Gorder.

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