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A Pair Trade in the Energy Patch

Posted by The Staff on Apr 18, 2012 3:56 PM

Today, Deutsche Bank issued somewhat of a pairs trade within the energy space. It issued a Buy rating for Exxon Mobile (NYSE: XOM) and it downgraded competitor ConocoPhillips (NYSE: COP) to Hold. The changes highlight the market's obsession for higher yields, particularly in the the sector.

The Deutsche Bank analysts said they expect Exxon Mobile to increase their dividend by 33%, which would equate to a 15% increase in the share price. Deutsche Bank analysts don't expect ConocoPhillips stock to be as attractive to investors.

ConocoPhillips trades at $73.36 per share, lower buy 1%. Exxon is trading up slightly at $85.83.

COP is ranked 23, while XOM is ranked 33 on Easystockalerts.com's Top 100.

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