122.93 0.00 (0.00%)
After hours: 4:44PM EDT
|Bid||122.94 x 1800|
|Ask||122.98 x 800|
|Day's Range||121.86 - 123.87|
|52 Week Range||100.22 - 128.55|
|Beta (3Y Monthly)||0.75|
|PE Ratio (TTM)||17.00|
|Forward Dividend & Yield||4.76 (4.18%)|
|1y Target Est||N/A|
Let's look at some oil and energy stocks that are projected to perform well in the coming months and even years despite the current headwinds.
C&J Energy Services (CJ) and Keane Group (FRAC) agreed to merge in an all-stock deal, while Phillips 66 (PSX) unveiled plans to form two pipeline project joint ventures for crude oil transportation.
California-based Chevron Corp. (NYSE: CVX) has added employees to its refinery in Pasadena since it bought the asset in May for about $350 million, and it will probably add more by the end of the year. The company maintained all of the domestic employees who worked at the refinery after Chevron bought it from Brazil’s state-owned Petróleo Brasileiro SA (NYSE: PBR), commonly called Petrobras. The support organization — people who worked on the refinery’s financials, the legal team and others — worked under the broader U.S. arm of Petrobras, which meant Chevron had to hire its own team of about 25 to handle that part of the refinery’s business, said Tim Sutherland, the refinery’s general manager.
Chevron (CVX) stock has fallen by 0.9% in the past month since May 13. The stock has fallen less than ExxonMobil (XOM) and Suncor Energy (SU), which have dropped by 2.5% and 2.9%, respectively. BP has dipped by 0.7%.
The Zacks Analyst Blog Highlights: ExxonMobil, Chevron, Green Plains, Archer Daniels Midland and Bunge
America consumed 2.5% more crude in 2018 than in 2017, and you might be surprised where that extra oil wound up.
Antero Resources (AR) is well placed to grow further, thanks to Appalachian performance and growing capital efficiency. Rising costs and dampening demand outlook pose risks.
Crude oil prices rose as the U.S. weighed tanker escorts after fresh attacks near the Strait of Hormuz, while the IEA joined OPEC in warning on oil demand.
“We are attractive for purchasers whatever type of investor it is,” Chief Executive Officer Matt Gallagher said in a phone interview on Thursday. Last month’s $38 billion takeover of Anadarko Petroleum Corp. by Occidental Petroleum Corp. fueled speculation that an M&A spree could follow among companies exploring for oil in the Permian Basin, which straddles Texas and New Mexico. Scott Sheffield, the CEO of shale producer Pioneer Natural Resources Co., recently cited Parsley, which was founded by his son, as being among the top targets in the Permian.
Chevron Corporation (NYSE:CVX), a large-cap worth US$230b, comes to mind for investors seeking a strong and reliable...
The agency removed the federal restriction on summer sales of E15 ethanol and came up with several structural changes to increase RIN market transparency.
Two DD events to start: We look forward to meeting those of you who are confirmed to attend the special lunch interview with Barbarians at the Gate author Bryan Burrough on Tuesday. The likes of Carl Icahn and Warren Buffett have been swept up in the controversial deal that saw Occidental Petroleum swoop in to win Anadarko Petroleum from Chevron’s grasp.
Crude oil prices rose as new attacks on oil tankers in the Gulf of Oman Thursday prompted a more aggressive response from the U.S. Navy.
Investors have been hearing plenty about geopolitical risk recently, but it has been mostly of the U.S.-China trade variety. That script flipped Thursday after two oil tankers were attacked in the Gulf of Oman, sending crude prices and stocks higher on the day.Source: Shutterstock The tankers had just passed through the Strait of Hormuz near Iran, one of the world's most important areas for oil transport, before being attacked. About a third of all oil shipments that are moved by tanker ships pass through the Strait of Hormuz. Secretary of State Mike Pompeo said Iran was responsible for the attacks.On the back of that news, the United States Oil Fund (NYSEARCA:USO), which tracks West Texas Intermediate futures, jumped 2.26%.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 High-Quality Cheap Stocks to Buy With $10 Speaking of gains, they were more modest for the major U.S. equity benchmarks as the Nasdaq Composite and the S&P 500 added 0.57% and 0.41%. The blue-chip Dow Jones Industrial Average posted an even more modest gain of 0.39%. Usual and Unusual SuspectsWith oil trading higher, it was not surprising that two of today's Dow winners were Exxon Mobil (NYSE:XOM) and Chevron (NYSE:CVX), the two largest U.S. oil companies. While there was an obvious catalyst to spark the energy sector, it was one of the Dow's consumer discretionary names that led the index higher today.Shares of media and entertainment giant Walt Disney (NYSE:DIS) soared nearly 4% after Morgan Stanley issued some bullish commentary on the name. Morgan Stanley boosted its price target on Disney to $160 from $135 today, noting that the company's streaming service, Disney+, is a credible threat to Netflix (NASDAQ:NFLX)."Stepping back and admittedly taking the long view, investing in Disney shares is a play on the durability of its IP," said Morgan Stanley analyst Benjamin Swinburne in a note out today.On light news, two of the Dow's other consumer cyclical names -- Home Depot (NYSE:HD) and NIKE (NYSE:NKE) -- were also among the index's best-performing names on the Dow Jones today.The analyst has an "overweight" rating on Disney stock. Speaking of analyst commentary, Boeing (NYSE:BA), the Dow's largest component and a stock frequently highlighted in this space, traded slightly higher despite research firm Berenberg lowering its price target on the aerospace giant to $415 from $430.In the unusual suspects category, Dow Inc. (NYSE:DOW), the lone materials stock in the Dow Jones Industrial Average, added to its recent hot streak. While the materials sector is one of the smallest sector weights in the Dow and the S&P 500, keeping attention lavished upon the group to a minimum, the group is surging this month and is on pace for its best monthly performance in four years. Bottom Line for the Dow Jones TodayLooking at the broad benchmarks, this weeks' market action makes it feel as though the summer doldrums are setting in, but investors should not get complacent. There are just a couple of weeks left in the second quarter and when July arrives, so will the start of another earnings season. In advance of that, investors may want to evaluate how their portfolios are exposed to international revenue streams and the lingering trade spat with China.Expect to hear plenty of about internal revenue exposure on upcoming second-quarter earnings calls and how that affected results and could impact earnings over the remainder of 2019. * 6 Top Stock Trades for Friday: AMD, SQ, DIS "The estimated earnings decline for the S&P 500 for Q2 2019 is -2.3%," according to FactSet research. "For companies that generate more than 50% of sales inside the U.S., the estimated earnings growth rate is 1.4%. For companies that generate less than 50% of sales inside the U.S., the estimated earnings decline is -9.3%."Todd Shriber does not own any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 High-Quality Cheap Stocks to Buy With $10 * 7 U.S. Stocks to Buy With Limited Trade War Exposure * 6 Growth Stocks That Could Be the Next Big Thing Compare Brokers The post Dow Jones Today: Oil Slicks Lift Stocks appeared first on InvestorPlace.
The big news overnight were reports that two energy tankers were attacked in the Persian Gulf, near the critical Strait of Hormuz chokepoint. All eyes are on the Iranians, who are locked in a sanctions stalemate with the United States and have threatened to attack energy infrastructure in the region.For now, Tehran is denying responsibility. But traders on Wall Street are busily bidding up crude oil and energy stocks as recent bearishness driven by growing inventories fades fast. This follows Wednesday's 4% lurch lower in West Texas Intermediate, which was testing support near the $50-a-barrel level. * 7 High-Quality Cheap Stocks to Buy With $10 For investors looking to take advantage of rising tensions -- calling to memory the mining of the Persian Gulf in decades past -- consider these four stocks:InvestorPlace - Stock Market News, Stock Advice & Trading Tips Oil Stocks to Buy: Schlumberger (SLB)Shares of oilfield services provider Schlumberger (NYSE:SLB) are bouncing off of support near the late-December lows, setting the stage for a challenge of the 50-day moving average. Such a move would be worth a gain of 11% from here. Shares were recently upgraded to "buy" by analysts at Stifel.The company will next report results on July 19 before the bell. Analysts are looking for earnings of 35 cents per share on revenues of $8.1 billion. When the company last reported on April 18, earnings of 30 cents per share matched estimates on a 0.6% rise in revenues. Philips 66 (PSX)Shares of oil stock Philips 66 (NYSE:PSX) are enjoying the formation of a solid base of support near the $85-a-share level and look ready for a push towards a combination of resistance near $87.50 -- the confluence of its upper Bollinger Band, its 50-day moving average and its mid-May high. A breakout from here would put the mid-April high near $98 in play, which would be worth a gain of 14% from here. * 7 Stocks to Buy for the Coming Recession The company will next report results on July 26 before the bell. Analysts are looking for earnings of $2.35 on revenues of $26.9 billion. When the company last reported on April 30, earnings of 40 cents per share beat estimates by five cents. Hess (HES)Shares of Hess (NYSE:HES) are challenging their 200-day moving average after finding support near its early March lows. Watch for a third attempt at the $67.50 level, which would be worth a gain of roughly 17% from here. Hess is an independent oil and gas producer that has seen its shares churn sideways for more than a decade. Nothing like the specter of another conflict in the Middle East to break the malaise.The company will next report results on July 24 before the bell. Analysts are looking for a break-even results on revenues of $1.6 billion. When the company last reported on April 25, earnings of nine cents per share beat estimates by 36 cents on a 15% rise in revenues. Chevron (CVX)Shares of Chevron (NYSE:CVX) are breaking up and out of a three-month consolidation range after finding support under their 200-day moving average. Watch for another challenge of the $125-a-share level that has bounded its range since late 2017. Analysts at Citigroup recently resumed coverage of the stock with a buy rating. * 7 Dark Horse Stocks Winning the Race in 2019 The company will next report results on July 26 before the bell. Analysts are looking for earnings of $2.02 per share on revenues of $41.5 billion. When the company last reported on April 26, earnings of $1.39 beat estimates by six cents on a 6.8% decline in revenues.As of this writing, William Roth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 High-Quality Cheap Stocks to Buy With $10 * 7 U.S. Stocks to Buy With Limited Trade War Exposure * 6 Growth Stocks That Could Be the Next Big Thing Compare Brokers The post 4 Oil and Gas Stocks to Buy appeared first on InvestorPlace.
The federal government's EIA report revealed that crude inventories rose by 2.2 million barrels for the week ending Jun 7 to a nearly 2-year high.
Chevron Corp NYSE:CVXView full report here! Summary * Perception of the company's creditworthiness is negative * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is extremely low for CVX with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting CVX. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding CVX are favorable, with net inflows of $11.05 billion. Additionally, the rate of inflows is increasing. Economic sentimentPMI by IHS MarkitThere is no PMI sector data available for this security. Credit worthinessCredit default swap | NegativeThe current level displays a negative indicator. CVX credit default swap spreads are near their highest levels for the past 1 year, which indicates the market's more negative perception of the company's credit worthiness.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Crude prices jumped 3.5% a barrel, just one day after hitting five-month lows, after two tankers were allegedly attacked in the Gulf of Oman, through which a fifth of global oil passes.
Oil prices are surging today after an earlier attack on two tankers in the Gulf of Oman. THE ENERGY WORD Founder Dan Dicker discusses with Yahoo Finance’s Adam Shapiro, Julie Hyman, and Rick Newman.