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Conservative stocks play a variety of roles. On the one hand, conservative stocks tend to have consistent returns over the long-term that are higher than other conservative investments, like a bank account or Treasury bonds. The higher return could make them well-suited to someone who was looking to use the investment to generate income. On the other hand, conservative stocks can be used to hedge a portfolio.

In any case, investors looking for conservative stocks in which to invest their money will appreciate the stocks on this list. They have a high market value and a low price to sales ratio (under 1.5). The companies on this list also have consistent earnings and double digit returns over the past year.

Exxon Mobil Corporation (NYSE:XOM) is a major integrated oil and gas company with a $406.18 billion market cap. The company has a price to sales ratio of 0.86. Over the last five years, XOM's EPS grew an average of 1.71% per annum. It is forecasted to grow 8.22% per annum over the next five years. XOM has returned 13.27% over the last year. It recently traded at $84.52 a share. Ken Fisher's Fisher Asset Management had $518.97 million in XOM at the end of the third quarter.

Chevron Corporation (NYSE:CVX) is a major integrated oil and gas company with a $209.05 billion market cap. The company has a price to sales ratio of 0.84. Over the last five years, CVX's EPS grew an average of 7.69% per annum. It is forecasted to grow 6.90% per annum over the next five years. CVX has returned 17.13% over the last year. It recently traded at $104.92 a share. Phill Gross and Robert Atchinson's Adage Capital Management had $266.89 million invested in CVX at the end of the third quarter.

Wal-Mart Stores, Inc. (NYSE:WMT) is a discount department store chain with a $203.77 billion market cap. The company has a price to sales ratio of 0.46. Over the last five years, WMT's EPS grew an average of 8.96% per annum. It is forecasted to grow 9.64% per annum over the next five years. WMT has returned 11.44% over the last year. It recently traded at $59.24 a share. Warren Buffett's Berkshire Hathaway (NYSE:BRK.A)(NYSE:BRK.B) had $2.03 billion invested in WMT at the end of the third quarter.

UnitedHealth Group, Inc. (NYSE:UNH) is a health care insurance company with a $56.36 billion market cap. The company has a price to sales ratio of 0.56. Over the last five years, UNH's EPS grew an average of 12.12% per annum. It is forecasted to grow 11.73% per annum over the next five years. UNH has returned 37.83% over the last year. It recently traded at $52.29 a share. Boykin Curry's Eagle Capital Management had $352.12 million invested in UNH at the end of September after increasing its position in the company by +3% during the third quarter.

Boeing Co. (NYSE:BA) is an aerospace and defense company with a $56.12 billion market cap. The company has a price to sales ratio of 0.85. Over the last five years, BA's EPS grew an average of 6.87% per annum. It is forecasted to grow 11.53% per annum over the next five years. BA has returned 10.28% over the last year. It recently traded at $74.46 a share. Ken Fisher's Fisher Asset Management had over $311.96 million invested in BA at the end of the third quarter.

CVS Caremark Corporation (NYSE:CVS) is a drug store chain with a $54.86 billion market cap. The company has a price to sales ratio of 0.53. Over the last five years, CVS's EPS grew an average of 11.51% per annum. It is forecasted to grow 11.09% per annum over the next five years. CVS has returned 22.78% over the last year. It recently traded at $41.91 a share. Jeffrey Tannenbaum's Fir Tree had $227.64 million in CVS at the end of September after upping its position in the company by +64% during the third quarter.

Enterprise Products Partners (NYSE:EPD) is an independent oil and gas company with a $41.31 billion market cap. The company has a price to sales ratio of 0.98. Over the last five years, EPD's EPS grew an average of 4.57% per annum. It is forecasted to grow 7.56% per annum over the next five years. EPD has returned 14.83% over the last year. It recently traded at $46.50 a share. Jim Simons' Renaissance Technologies had $17.68 million invested in EPD at the end of September after raising its holding in the company by +27% during the third quarter.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Source: 7 Conservative Stocks With Strong Performance And Low P/E Ratios