|Bid||0.0000 x 3100|
|Ask||0.0000 x 2900|
|Day's Range||17.95 - 18.16|
|52 Week Range||14.51 - 22.21|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.27|
|Expense Ratio (net)||0.08%|
After ranking as one of last year's worst-performing commodities and sectors, oil and the energy sector are rebounding to start 2019. Among exchange-traded funds (ETFs), the United States Oil Fund (NYSEARCA:USO), one of the most heavily traded oil ETFs, is up more than 20% year-to-date. The Energy Select Sector SPDR (NYSEARCA:XLE), the dominant name among equity-based oil ETFs, is up 12% this year, aided by big earnings tests. On Friday, Exxon Mobil (NYSE:XOM) and Chevron (NYSE:CVX) reported fourth-quarter earnings beats. The two largest U.S. oil companies combine for anywhere from 35% to 40% of cap-weighted oil ETFs like XLE. Additional data points confirm that oil ETFs are experiencing early year bullishness. The commodity snapped a three-month losing streak last month and notched its best January performance ever. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Recently, the price of crude oil was supported by news of Saudi Arabia cutting imports to the U.S. and the U.S. imposing new sanctions on Venezuela. Both Saudi Arabia and Venezuela are members of the Organization of Petroleum Exporting Countries (OPEC). * 7 S&P 500 Stocks to Buy That Tore Up Earnings With all that, here are some the best oil ETFs to consider over the near-term. ### VanEck Vectors Oil Services ETF (OIH) Expense Ratio: 0.35% per year, or $35 on a $10,000 investment. Among equity-based oil ETFs, oil services funds, such as the VanEck Vectors Oil Services ETF (NYSEARCA:OIH), are among the most intimately correlated to oil prices. That explains why OIH is up nearly 22% this year and why the largest oil services fund plunged 44.6% last year. The U.S. shale boom has been a key driver of oil services stocks' profitability in recent years and any slowdown on that front could be a headwind for the group. Fortunately, the geopolitical drama in Venezuela is not seen as a headwind for oil services ETFs. "Longer-term, Venezuelan production, however, may score a significant boost if opposition leader Juan Guaido succeeds in his claim to the presidency. That would contribute more oil to world-wide supplies," according to MarketWatch. Like other cap-weighted oil ETFs, OIH has some concentration risk. The fund devotes almost 36% of its combined weight to just two stocks: Schlumberger (NYSE:SLB) and Halliburton (NYSE: HAL). ### Fidelity MSCI Energy ETF (FENY) Source: Shutterstock Expense Ratio: 0.084% As has been widely documented, Fidelity is one of the low-cost leaders in the ETF arena. In fact, the issuer offers the least expensive lineup of sector ETFs, a group that includes the Fidelity MSCI Energy ETF (NYSEARCA:FENY). FENY is a basic, cap-weighted oil ETF and, like the aforementioned XLE, this Fidelity fund features significant exposure to Exxon and Chevron. Those stocks combine for almost 37% of FENY's roster. Exxon is in the midst of a major reorganization aimed increasing efficiencies and profits. * 7 Stocks With Too Much Riding On China "The reorganization will fold seven companies into three as of April 1, merging units for production, exploration, development, gas and power marketing, and others," according to Reuters. ### Invesco Dynamic Energy Exploration & Production ETF (PXE) Source: Shutterstock Expense Ratio: 0.65% The Invesco Dynamic Energy Exploration & Production ETF (NYSEARCA:PXE) uses a unique weighting methodology relative to other oil ETFs. The Dynamic Energy Exploration & Production Intellidex Index, PXE's underlying benchmark, "thoroughly evaluates companies based on a variety of investment merit criteria, including: price momentum, earnings momentum, quality, management action, and value," according to Invesco. Those stringent indexing requirements give PXE a roster of 30 stocks, which is small compared to traditional oil ETFs like FENY and XLE. When oil prices are rising, PXE's methodology works, as highlighted by a 2019 gain of almost 13%. ### Global X MSCI China Energy ETF (CHIE) Expense Ratio: 0.65% Tactical investors looking for international exposure with oil ETFs may want to consider the Global X MSCI China Energy ETF (NYSEARCA:CHIE). As the world's second-largest economy, China is a major oil consumer and producer. On a related note, China is also home to some of the world's largest integrated oil companies. CHIE reflects as much, as the top three such companies combine for over 28% of this oil ETF's weight. "Chinese sectors have their own unique fundamentals relative to each other and their U.S. counterparts," according to Global X research. "The prevalence of state ownership in certain sectors is the likely cause of this feature, particularly among the Financials, Energy, Industrials, and Utilities sectors. Other factors include changing demographics as well as the composition of the Chinese market from both a sector and industry perspective." * 10 Stocks to Sell in February CHIE is up nearly 8% year-to-date. ### Cushing Energy & MLP ETF (XLEY) Expense Ratio: 0.65% The Cushing Energy & MLP ETF (NYSEARCA:XLEY) is one of the newest oil ETFs, having debuted in December. This new oil ETF offers a mix of traditional energy stocks as well as high-yielding master limited partnerships (MLPs). To avoid some of the tax issues associated with dedicated MLP funds, XLEY allocates 76% to S&P 500 energy and oil stocks and 24% to MLPs. While XLEY features many of the names found in traditional oil ETFs, the fund does not allocate more than 6.08% to any of its holdings, indicating its concentration risk is benign relative to more traditional counterparts. XLEY is up 15% year-to-date and could prove to be a useful avenue for income-focused investors seeking energy exposure this year. As of this writing, Todd Shriber does not own any of the aforementioned securities. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 of the Best Stocks to Buy for a Dovish Federal Reserve * 5 Best Fidelity ETFs for Retirement Savers * 7 Blue-Chip Stocks That Could Lead the Market Higher Compare Brokers The post 5 Oil ETFs for Rising Prices appeared first on InvestorPlace.
After getting pummeled last year, the Energy Select Sector SPDR (NYSEArca: XLE), the largest equity-based energy exchange traded fund, and rival energy ETFs started 2019 in fine form, but last week’s declines ...
After ranking as one of 2018's worst-performing sectors, the energy sector is rallying to start 2019. The Energy Select Sector SPDR (XLE) , the largest equity-based energy exchange traded fund entered Wednesday with a year-to-date gain of almost 9%, but energy stocks have faced myriad challenges this earnings season. Some market observers believe the energy sector’s declines could make the sector more attractive on valuation.
The energy sector was one of the worst-performing groups in the S&P 500 in 2018, as highlighted by an annual decline of 18.20% for the Energy Select Sector SPDR (NYSEArca: XLE), the largest equity-based ...
The Energy Select Sector SPDR (XLE) , the largest equity-based energy exchange traded fund, and rival energy ETFs are getting blasted this month as energy careens toward being 2018's worst-performing sector. OPEC and associated partners agreed to cut 1.2 million barrels per day with OPEC being responsible for 800,000 barrels. The latest production cut came as a surprise to many oil analysts as initial estimates were slated at 1 million barrels per day and 650,000 barrels per day for OPEC.
The Energy Select Sector SPDR (XLE) , the largest equity-based energy exchange traded fund, is sporting a fourth-quarter loss of about 14% so a rebound may not be imminent nor may it be the first thing on investors' minds when it comes to the energy sector. During oil’s recent slide, XLE and other basic energy ETFs performed significantly less poorly than the underlying commodity. “The XLE energy ETF has fallen more than 1 percent since Monday, on track for a second week in the red.
The Energy Select Sector SPDR (XLE) , the largest equity-based energy exchange traded fund, entered Monday with a fourth-quarter loss of about 12%, but some market observers believe the energy sector is poised to rebound. Last week, oil exchanged-traded funds (ETFs) gained after lengthy Organization of the Petroleum Exporting Countries (OPEC) discussions finally came to a conclusion, resulting in a larger-than-expected production cut that sent oil prices higher on Friday. OPEC and associated partners agreed to cut 1.2 million barrels per day with OPEC being responsible for 800,000 barrels.
Energy stocks and sector-related exchange traded funds were among the lone areas of strength in U.S. markets Friday after the Organization of Petroleum Exporting Countries, along with oil-producing allies ...
Plenty of sectors slumped in October, but few performed as poorly as the energy sector. The S&P 500 Energy Index notched one of its worst monthly performances on record and the Energy Select Sector SPDR (XLE) , the largest equity-based energy exchange traded fund, tumbled nearly 13%. Prior to October, the energy sector had been a solid performer this year.
The Energy Select Sector SPDR (XLE) , the largest equity-based energy exchange traded fund, gained a modest 0.40% in the third quarter, extending its year-to-date gain to 7%. While market observers acknowledge the energy sector's fundamentals are solid, some believe current oil prices are too high. A combination of diminished global output and rising global demand have helped reduce the global supply glut that dragged on oil prices for years.
Although oil ETFs had been weakening for a couple of weeks, the selling intensified Wednesday. Five ETFs lost 3.6% to 4.8%.
Oil exploration and production companies, which took the brunt of the hit during the crude selling, have benefited the most as prices rebounded, but ETF investors should begin to think about taking a more ...
The Energy Select Sector SPDR (XLE) , the largest equity-based energy ETF, is up about 5% year-to-date, but XLE and rival energy ETFs will be tested as the sector's second-quarter earnings reports start rolling in. “Q2 estimates moved up modestly since the quarter got underway, but the positive revisions were primarily because of the Energy sector. Excluding the Energy sector, estimates for the quarter would be modestly down in the last 10 weeks,” according to Direxion.
In the week ending June 8, natural gas inventories rose by 96 Bcf (billion cubic feet) to 1,913 Bcf—based on the EIA’s (U.S. Energy Information Administration) data announced on June 14. The addition was 8 Bcf more than the expectations in a survey by S&P Global Platts. On June 14, natural gas July futures rose 0.1%.
In the week ending May 18, natural gas inventories rose by 91 Bcf (billion cubic feet) to 1,629 Bcf—based on the EIA’s (U.S. Energy Information Administration) data announced on May 24. The increase was 2 Bcf less than what a survey by S&P Global Platts expected. On May 24, natural gas July futures rose 0.5%.
The Energy Select Sector SPDR (XLE) , the largest equity-based energy exchange traded fund, has faltered over the past couple of days, but that is not changing some market observers' bullish views on the resurgent sector. A combination of diminished global output and rising global demand have helped reduce the global supply glut that dragged on oil prices for years. Production cuts from the Organization of Petroleum Exporting Countries and their allies have largely contributed to the cut in supply.