|Bid||12.46 x 1300|
|Ask||22.48 x 2900|
|Day's Range||19.92 - 20.55|
|52 Week Range||15.80 - 28.34|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.36|
|Expense Ratio (net)||0.65%|
Clashes in Libya drove oil prices to multi-month highs last week. Pullbacks in these three energy sector ETFs provide a trading opportunity.
Energy exploration and production sector-related exchange traded funds led market gains Wednesday as U.S. crude prices pushed back above $60 per barrel, a four-month high, on tightening oil supplies in ...
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.
While the U.S. oil industry is experiencing a boom with the expansion of hydraulic fracturing techniques, energy drillers and fracking-related ETFs may slow down ahead with rising costs eating away at profits. The VanEck Vectors Unconventional Oil & Gas ETF (FRAK) , which tracks North American fracking and oil sands, decreased 6.5% over the past three months. Additionally, the Invesco Dynamic Energy Exploration & Production Portfolio (PXE) and the iShares U.S. Oil & Gas Exploration & Production ETF (Cboe: IEO) , have declined 4.2% and 2.4%, respectively.
U.S. gasoline producers are revealing their best second-quarter profits in years as rising domestic oil production and regional pipeline bottlenecks helped them cheaply acquire crude. Investors can also ...
President Trump’s administration passed a tax plan in December that was enacted in January and revolved mainly around corporate tax cuts and personal tax rate adjustment. The plan cuts the corporate rate from 35% to 21%.Source: Investment Zen via Flickr (Modified)
White House called the first major refurbishment of the tax code since 1986 a "celebration" for American workers. These sector ETFs benefited from the tax overhaul.
After peaking in the first month of the year, Wall Street was caught in a vicious circle of volatility that stemmed from inflationary expectations and trade war fears. The Nasdaq Composite has been the outperformer in the first six months of 2018, gaining more than 9% while the S&P 500 rose 1.7%. Dow Jones logged in the worst first half performance since 2010, losing 2%.
As we are drawing close to the trade-tension-wreaked second quarter of 2018, a look at winning sector ETFs makes sense. Not only trade, the quarter has seen hawkish central bank activities, political turmoil in Europe and acute emerging market selloffs.Source: Shutterstock
In this series on the biggest movers in the energy sector this week, we’ll look now at the stocks with the biggest losses in the US refining and marketing sector. To compile the list of the stocks that lost the most, we’ve selected refining and marketing companies with market capitalizations greater than $100 million and average trading volume greater than 100,000 shares last week.
In this series on the biggest movers in the energy sector this week, we’ll look now at the stocks with the biggest losses in the US refining and marketing sector. To compile the list, we’ve selected refining and marketing companies with market capitalizations greater than $100 million and average trading volume greater than 100,000 shares last week. World Fuel Services (INT) is the only declining stock this week from the refining and marketing sector.