Two Oil Stocks to Own Now Despite Slide in Earnings

Oil prices and energy stocks are tumbling again Tuesday but one fund manager said she’s not trimming her oil positions at this time. BP (BP) was one of the stocks getting slammed after reporting a massive loss in 2015, although the company said its dividend is not at risk at this time. Sarah Hunt, portfolio manager with the Alpine Dynamic Dividend Fund, owns shares of both BP and Exxon Mobil (XOM), which also reported results Tuesday. ‘You’re not owning them for earnings right now, but it is unfortunate to see such a miss come one of BP specifically, because there is more concern about BP than Exxon about their dividend in the longer term,’ she said.