We’re in the middle of august and I have recently purchase several stocks.
Here is what I bought:
(RIG) Transocean - This stock has a P/E of 9.23 compare to the industry which is 16.43. RIG forward P/E is 11.77, with a 5 year PEG of 0.86. Their forward annual dividend rate is 3.00, forward annual dividend yield is 6.60%, and payout ratio is 53%.
Transocean (RIG) is an offshore drilling contractor that provides services for oil & gas industry wells worldwide. (RIG) is sitting near their 52 week low $38.01. They currently have the largest worldwide rig fleet a total of 91 fleet compare to their competitors (ESV) - 77, (NE) - 77, (SDRL) - 66, (DO) - 45, and (RDC) - 34. They have future contract that is backed up by big name companies like Shell and Chevron through 2016 – 2017 and also constructing new rigs for them. They’re also seeing more demand in Brazil, West Africa, India, and are expanding globally. (RIG) have started to pay dividend in 2011 and have been paying it ever since. Although they don’t have a long term history of dividend, I still think that over time (RIG) will still be able to maintain their dividend and growth. I made a purchase at $39.44 for 126 shares. I am long (RIG).
(CVX) Chevron - This stock has a P/E of 12.28 compare to the industry which is 12.59. CVX forward P/E is 11.09, with a 5 year PEG of 2.30. Their forward annual dividend rate is 4.28, forward annual dividend yield is 3.20%, and payout ratio is 39%.
(CVX) operate in petroleum, power generation, chemicals mining, and energy operation worldwide. Their dividend history date back to 1997 so about 17 years of dividend that has been paid out. They’ve also been increasing their dividend for the past 10 year. They’re exploring new territory and expanding their assets globally. They’re now looking for more opportunities in renewable energy like liquefied natural gas (LNG). Their long term targeted growth included Asia, chemical, and lubricants. From 2015 – 2016 they’re estimating a capital investment (C&E) range of 36B +/- 1B to be invested for long term growth. I made a purchase at $125.83 for 20 shares. I am long (CVX).
(ETN) Eaton - This stock has a P/E of 16.90 compare to the industry which is 20.79. ETN forward P/E is 12.75, with a 5 year PEG of 1.34. Their forward annual dividend rate is 1.96, forward annual dividend yield is 2.50%, and payout ratio is 54%.
(ETN) Eaton operates as a power management company worldwide and is based in Dublin, Ireland. It offers electrical components, industrial components, residential product, lighting, fire detection system and electrical system and services. (ETN) have a long dividend history dating back to 1995 and have steadily increased their dividends. (ETN) 2014 estimate outlook for market growth is 3%, FCF 2.0B - 2.2B, Capex - 700m. In may 2012 (ETN) bought out cooper lighting to expand their range of products and diversify. They have a diversify product in electrical product lie circuit breakers, transformer, switch gears, UPS, PDU, lighting, fire alarms, and industrial controls. The range of product they provide and the customer they support globally, I think will be a good long term investment. I made a purchase at $68.52 for 38 shares. I am long (ETN).
Long RIG, CVX, ETN
Have you made any purchases for the month of August? What do you think of my purchase for this month so far?