Bargain Hunting for Dividend Stocks: This High-Yield Energy Monster Is a Top Pick

By Jason Hall and Tyler Crowe – Sep 14, 2023 at 6:32AM

NYSE: EQNR

Equinor Asa

Market Cap

$82B

Today's Change

(-0.57%) -$0.16

Current Price

$27.69

Price as of April 26, 2024, 4:00 p.m. ET

About 40% of its market cap is in cash.

The oil and gas industry can be brutally cyclical. But that doesn't mean dividend investors can't find stable gems. Right now, Equinor (NYSE: EQNR) is certainly one of those, with a massive hoard of cash and the ability to profit at $30 oil. In this video, Motley Fool contributors Jason Hall and Tyler Crowe explain why this undervalued energy giant is a high-yield bargain worth buying now, even when compared to larger peers ExxonMobil (XOM -2.78%) and Chevron (CVX 0.37%).

*Stock prices used were from the morning of Sept. 8, 2023. The video was published on Sept. 14, 2023.

Jason Hall has no position in any of the stocks mentioned. Tyler Crowe has positions in Cleveland-Cliffs, ExxonMobil, and Nucor. The Motley Fool has positions in and recommends Tesla. The Motley Fool recommends Chevron, General Motors, and Stellantis and recommends the following options: long January 2025 $25 calls on General Motors. The Motley Fool has a disclosure policy. Jason Hall is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.