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Top 3 Energy Stocks for Momentum Investors

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Investors seeking stocks with strong performance relative to the market can find opportunities in the energy sector. The Zacks Oils and Energy sector has outperformed the S&P 500, thanks to rising oil prices and production cuts by Saudi Arabia and Russia.

Exxon Mobil (XOM)

Exxon Mobil is a global leader in the energy sector, with impressive upstream assets. While its latest earnings fell short of expectations, the market responded positively. XOM shares have shown a strong upward trajectory recently. The company also offers a solid annual yield of 3.2% and has a history of consistent dividend payouts.

Marathon Petroleum (MPC)

Marathon Petroleum is a leading independent refiner and transporter of petroleum products. It has consistently exceeded earnings expectations and delivered strong revenue surprises. MPC shares have performed well, and the company has increased its dividend payout by nearly 30% in the last year.

Chevron (CVX)

Chevron is a global oil and gas company with operations spanning the globe. While its growth is expected to slow down in the near future, Chevron remains committed to rewarding its shareholders. The company has a dividend yield of 3.7% and has increased its payout by over 6% in the last year.

These three energy stocks offer momentum investors potential opportunities for growth and dividends. Consider adding them to your portfolio for a balanced energy investment strategy.

Sources: Zacks Investment Research

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