|Bid||118.50 x 1000|
|Ask||118.99 x 900|
|Day's Range||117.38 - 118.93|
|52 Week Range||100.22 - 128.55|
|Beta (3Y Monthly)||0.75|
|PE Ratio (TTM)||16.41|
|Forward Dividend & Yield||4.76 (3.96%)|
|1y Target Est||N/A|
The Zacks Analyst Blog Highlights: Chevron, ConocoPhillips, Valero Energy, Marathon Petroleum and Continental Resources
U.S. equities came under serious and growing pressure on Thursday as the U.S.-China trade spat devolved into an outright global trade war with countries Japan and South Korea getting caught in the crossfire. The Trump Administration is raising the stakes with its efforts to block Huawei from using American technology, pushing allies like South Korea to do the same.Beijing is firing back with calls to boycott American tech firms like Apple (NASDAQ:AAPL) and threats to dump its U.S. Treasury bonds holdings -- totaling more than $1 trillion. Wall Street is finally waking up to the possibility that this problem is going to get worse before it gets better. And it can get a lot worse.The Dow Jones Industrial Average has fallen back below its 200-day moving average, the U.S. dollar is dropping hard, and U.S. Treasury yields are falling fast amid a rush to safe haven assets. The yield curve is also inverting again, which is a loud and clear signal that on this trajectory, a recession looms ahead.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 6 Stocks to Buy for This Decade's Massive Megatrend As a result, a number of large-cap stocks are dropping hard and fast. Here are five stocks to sell: Amazon (AMZN) Click to EnlargeFirst up is one of the largest of the large cap stocks. Amazon (NASDAQ:AMZN) shares are threatening to fall down below the $1,800 level, breaking below their 50-day moving average after weeks of flirting with that critical support level. Next stop is the 200-day moving average which would then give way to the January-March lows near $1,600 which would be worth a loss of nearly 12% from here.The company will next report results on July 25 after the close. Analysts are looking for earnings of $5.48 per share on revenues of $62.5 billion. When the company last reported on April 25, earnings of $7.09 beat estimates by $2.43 per share on a 17% rise in revenues. Chevron (CVX) Click to EnlargeWith traders bracing for a global economic slowdown as a result of rising trade tensions, crude oil is plummeting with the U.S. Oil Fund (NYSEARCA:USO) down more than 6% in intra-day trading to return to levels not seen since early March. That's pushing down shares of oil large-cap stocks like Chevron (NYSE:CVX) hard, with shares threatening to fall below its 200-day moving average. * The 7 Best Stocks to Buy From the IPO ETF The company will next report results on July 26 before the bell. Analysts are looking for earnings of $2.03 per share on revenues of $41.7 billion. When the company last reported on April 26, earnings of $1.39 beat estimates by six cents despite a 6.8% loss of revenues. Bank of America (BAC) Click to EnlargeLower long-term interest rates means narrower net interest margins for banks like Bank of America (NYSE:BAC). So it's not surprising shares are dropping fast, falling below the 200-day moving it's tried desperately to stay above since January. If support from the March lows doesn't hold, watch for a possible drop all the way back to the December lows, which would be worth a loss of nearly 20% from here.The large cap stock will next report results on July 17 before the bell. Analysts are looking for earnings of 72 cents per share on revenues of $23.4 billion. When the company last reported on April 16, earnings of 70 cents per share beat estimates by four cents on a 0.4% drop in revenues. NVIDIA (NVDA) Click to EnlargeShares of semiconductor large-cap stock NVIDIA (NASDAQ:NVDA) are melting lower, breaking down further away from its 50-day and 200-day moving averages as all the catalysts that bolstered shares for so long -- cryptocurrency mining, gaming consoles, etc. -- are working against it now. Watch for a quick trip down to the prior lows set in late December, which would be worth a loss of roughly 14% from here. * 6 Innovative Stocks With Big Long-Term Growth Potential The company will next report results on August 15. Analysts are looking for earnings of $1.14 per share on revenues of $2.6 billion. When the company last reported on May 16, earnings of 88 cents per share beat estimates by seven cents on a 30.8% decline in revenues. Apple (AAPL) Click to EnlargeNo list of large-cap stocks would be complete without a look at Apple, which is at the very epicenter of the U.S.-China trade spat. The next round of trade tariffs being proposed by President Trump will hit the company's products directly, weighing on profit margins. The company has been able to avoid the brunt of the damage to date because of its importance to overall S&P 500 earnings growth and thus market sentiment, something Trump is acutely aware of.But that's changing now. The company will next report results on July 30 after the close. Analysts are looking for earnings of $2.11 per share on revenues of $53.6 billion. When the company last reported on April 30, earnings of $2.46 beat estimates by 10 cents on a 5.1% drop in revenues.As of this writing the author held no positions in the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 6 Stocks to Buy for This Decade's Massive Megatrend * The 7 Best Stocks to Buy From the IPO ETF * 7 Athletic Apparel Stocks With Marathon Pace Compare Brokers The post 5 Large-Cap Stocks Getting Crushed in the Trade War appeared first on InvestorPlace.
Investing.com - Stocks took a beating Thursday as investors worried that a U.S.-China trade war could drag on indefinitely and sap global growth.
Energy stocks were leading the broader stock market's declines Thursday, as crude oil prices suffered a second-straight sharp selloff amid concerns over both weaker demand and increased supply. The SPDR Energy Select Sector ETF droppped 3.3% toward a 4 1/2-month low, and was by far the biggest decliners of the SPDR ETFs tracking the S&P 500's 11 sectors, while the S&P 500 shed 1.3%. All 29 of the ETF's (XLE) equity components were losing ground, led by shares of Hess Corp. , down 6.8% and Diamondback Energy Inc. , down 6.1%. Among other more active XLE components, shares of Occidental Petroleum Corp. gave up 2.5%, Halliburton Co. shed 5.2%, Exxon Mobil Corp. lost 2.4%, Chevron Corp. shed 2.6% and Kinder Morgan Inc. declined 1.9%. Crude oil futures dropped 4.2%, after falling 2.7% on Wednesday.
The fact that the electric effect is in full force with EVs on track to dominate the market in the future has sent a clarion call to the energy industry as well.
The federal government's EIA report revealed that crude inventories rose by 4.7 million barrels for the week ending May 17 to a 22-month high.
Moody's Investors Service ("Moody's") assigned first time ratings to Blackstone CQP Holdco LP (Blackstone CQP) including a B1 Corporate Family Rating (CFR), a B1-PD Probability of Default Rating (PDR) and a B1 rating to its proposed offering of a $2.5 billion senior secured first lien term loan facility. Blackstone CQP owns a 40% interest in CQP.
At close to 6%, the recent victor in the Anadarko wars sports its highest dividend yield in more than 16 years – more than in the energy-sector panic of early 2016 or the financial crisis. To be fair, Oxy’s yield has been higher than average for years. Besting Chevron Corp. was a big score for Oxy’s M&A crew (and corporate jet department) but has, up to this point, been a disaster for valuation.
Here Are Wall Street Analysts' Top Integrated Energy Picks(Continued from Prior Part)Analyst ratings for ChevronChevron (CVX) has the third-largest market cap of around $233 billion. As the graph below shows, 18 (or 75%) out of the 24 analysts
Exporting natural gas by setting up large liquefication plants is a very capital-intensive undertaking, with each unit running up multi-billion-dollar bills.
All eyes are on the tech sector after President Trump escalated the trade war with China by putting Chinese crown jewel Huawei on a blacklist. Predictably, many tech names fell hard on the day and the market sold off. There is nevertheless other news besides the tariff battle, and we're here to cover it. Let's […]
Chevron Corp. is offering electric car charging ports at a handful of gasoline stations in its home state of California, according to a statement Monday. While Chevron’s focus clearly remains on oil and gas, it’s following a trend of sorts in the industry as the price of battery-fueled cars shrinks. In January, Royal Dutch Shell Plc agreed to buy Greenlots, which will make it the first oil major to own a U.S.-based charging service, according to BloombergNEF.
FEATURE Renewable energy is remaking how countries generate power, with solar and wind adoption growing much faster than fossil fuel generation. But the world still has a stubborn “oil addiction” that shows little sign of slowing down, writes Bernstein analyst Oswald Clint, who tracked the growth in oil production against the growth in gross domestic product.
Benzinga has examined prospects for many investor favorite stocks over the past week. Bearish calls included biotechs and a recent IPO. Furthermore, investors also saw mixed economic numbers, as well as positive surprises in quarterly reports and initial public offerings, bad news for a market darling from the Supreme Court, and fresh news for whale watchers.
Chevron just made a big acquisition attempt that didn't pan out, but Exxon is confident that it doesn't need to go down a similar path.
Crude inventories jumped by 5.4 million barrels in the week to May 10, compared with analyst expectations for a decrease of 1.4 million barrels, the EIA said in its report.
French energy giant Total SA's planned acquisition of U.S. firm Anadarko's African assets is "perfectly fitting" with the company's overall strategy and helps play to its strengths, Chief Executive Patrick Pouyanne said on Thursday. Total agreed to buy all of Anadarko's oil-and-gas-producing assets outside the United States, including its biggest future expense, a multibillion-dollar liquefied natural gas project in Mozambique, for $8.8 billion. The deal is contingent on the wider, $38 billion proposed takeover of Anadarko Petroleum Corp by Occidental Petroleum Corp , which last month outmaneuvered rival Chevron, the No. 2 U.S. oil producer, which had also bid for Anadarko.
Whether it’s due to deal fever from the fight over Anadarko or not, transaction activity continued to pick up last week.
Are ExxonMobil, Chevron, Shell, and BP on the Rise in Q2?(Continued from Prior Part)Integrated energy stocks’ valuationIn this article, we’ll evaluate the forward valuations of integrated stocks ExxonMobil (XOM), Chevron (CVX), Royal Dutch Shell