|Bid||67.13 x 21500|
|Ask||67.25 x 27000|
|Day's Range||67.02 - 67.79|
|52 Week Range||53.36 - 79.42|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.21|
|Expense Ratio (net)||0.13%|
As the Fed's independence is questioned, what is the impact? Sri Kumar, Sri Kumar Global Strategies, and Art Hogan, National Securities, discuss.
Joseph Zidle, Blackstone, on your best bet in the coming months. With CNBC's Melissa Lee and the Fast Money traders, Pete Najarian, Tim Seymour, Karen Finerman and Dan Nathan.
Is an energy surge ahead? With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Steve Grasso, Brian Kelly and Dan Nathan.
What Helped Your Energy Portfolio Overcome Oil's Weakness?(Continued from Prior Part)US equity indexesIn the trailing week, US equity indexes had the following correlations with US crude oil active futures:the Dow Jones Industrial Average (DIA):
What Helped Your Energy Portfolio Overcome Oil's Weakness?(Continued from Prior Part)Correlation with US crude oil On April 10–17, major energy ETFs had the following correlations with US crude oil active futures: the VanEck Vectors Oil Services
ConocoPhillips announced Thursday a deal to sell two exploration and production subsidiaries in the United Kingdom for $2.68 billion to Chrysaor E&P Ltd., plus interest. The two subsidiaries combined hold ConocoPhillips' E&P assets in the U.K., as well as associated decommissioning liabilities. ConocoPhillips said it will retain its London-based commercial trading business, and its 40.3% interest of the Teesside oil terminal. The company said it will use proceeds from the deal for general corporate purposes. The stock was indicated down less than 0.5% in premarket trade. It has gained 5.5% year to date, while the SPDR Energy Select Sector ETF has rallied 17.7% and the S&P 500 has climbed 15.7%.
Will Natural Gas Recover from Its Two-Month Low?(Continued from Prior Part)Natural gas rig count The natural gas rig count was at 189 last week—five less than the previous week. The natural gas rig count has fallen ~88.2% from its record level of
The energy sector has been one of the worst-performing market sectors in recent years, as a global oil supply has continued to surprise to the upside. The latest data from Bank of America suggests investors ...
XLE, the largest equity-based energy exchange traded fund, is higher by 17.40% this year, but that showing lags those of non-equity oil ETFs. XLE and rival equity-based energy funds will be tested when first-quarter earnings start rolling in. “At the sector level, the Energy (+13.5%) and Health Care (+11.7%), sectors are expected to see the largest price increases, as these sectors had the largest upside differences between the bottom-up target price and the closing price on April 4,” according to FactSet.
Energy Sector: Key Highlights from Last Week(Continued from Prior Part)Energy subsector ETFsIn the week ending April 12, major energy subsector ETFs had the following performances:The SPDR S&P Oil & Gas Exploration & Production ETF
To help investors keep up with the markets, we present our ETF Scorecard. The Scorecard takes a step back and looks at how various asset classes across the globe are performing. The weekly performance is from last Friday’s open to this week’s Thursday close.
Why Energy ETFs Underperformed Oil's Gains?(Continued from Prior Part)US equity indexesIn the trailing week, US equity indexes had the following correlations with US crude oil active futures:the S&P 500 (SPY): 59.2%the S&P Mid-Cap 400
Why Energy ETFs Underperformed Oil's Gains?(Continued from Prior Part)Correlation with US crude oil On April 4–11, major energy ETFs had the following correlations with US crude oil active futures: the SPDR S&P Oil & Gas Exploration &
Shares of oil and gas companies were broadly higher in premarket trade Friday, outside of Chevron Corp.'s stock , which shed 4.0% after the $33 billion stock-and-cash deal to buy Anadarko Petroleum Corp. The SPDR Energy Select Sector ETF rose 1.0%. Among some components seeing premarket trade, shares of Anadarko shot up 30%, Exxon Mobil Corp. rose 1.0%, Kinder Morgan Inc. gained 0.7%, Marathon Oil Corp. surged 3.5%, Chesapeake Energy Corp. was up 0.9% and Schlumberger Ltd. tacked on 2.1%. Meanwhile, S&P 500 futures advanced 0.5%.
What to Expect from Kinder Morgan’s Q1 Earnings Results(Continued from Prior Part)KMI’s year-to-date rise Kinder Morgan (KMI) stock has posted impressive gains in 2019, outperforming many of its peers. Enterprise Products Partners (EPD) and
What to Expect from Kinder Morgan’s Q1 Earnings ResultsKMI’s first-quarter resultsKinder Morgan (KMI) is expected to report its earnings results for the first quarter of 2019 on April 16. Analysts expect the company to report EPS of $0.24 in the
With oil prices rallying sharply since the end of last year, it would be natural to expect energy-sector stocks to be tearing the roof of the market. “Energy currently offers the best risk-reward,” wrote J.P. Morgan quantitative analysts led by Dubravko Lakos-Bujas, in a Friday note. Since the end of last year, both oil and the stock market have come roaring back from a steep fourth-quarter selloff.
On the upside, the S&P 500 (SPX) is up a stellar 15% in the last three months after a rocky December caused many market observers to wonder whether the bull market was finally on its last legs. Another surprise has been the resilience of the energy sector and steadily increasing crude oil prices. After starting the year around $43 a barrel, oil (CLK9) has jumped roughly 40% to the mid $60s per barrel — and the flagship Energy Select Sector SPDR Fund (XLE) has jumped almost 20% in the same period as a result.
Crude Oil May Futures Hit Highest Closing Price since November(Continued from Prior Part)Energy subsector ETFsIn the week ending April 5, major energy subsector ETFs had the following performances:The VanEck Vectors Oil Services ETF (OIH) rose
Chesapeake Energy Corp. Chief Executive Robert Lawler got a 51% raise in 2018, as the oil and natural gas company surpassed many of its performance targets his compensation was based on, while investors suffered a 47% drop in the stock. The SPDR Energy Select Sector ETF fell 21% in 2018 and the S&P 500 lost 6.2%. Lawler made $22,745,427 in 2018, of which $1,300,000 was salary, according to the company's proxy filing with the SEC. In 2017, his total compensation was $14,903,906, down 2.5% from 2016, as the stock fell 44% in 2017. Among some of the metrics used to calculate bonuses, the company surpassed the maximum 200% payout thresholds for improvement in free cash flow and earnings before interest, taxes, depreciation and amortization (EBITDA), while achieving a 67% payout ratio for capital expenditure cuts. In comparison, peer Anadarko Petroleum Corp. Chief Executive R.A. Walker took an 8.5% total comp cut to $15,516,305 in 2018 as the stock fell 18%, after taking a 9% pay cut in 2017 as the stock fell 23%. Meanwhile, Apple Inc. Chief Executive Tim Cook got a 22% raise to $15.7 million in 2018 while the stock fell 6.8%, after getting a 47% raise in 2017 as the stock climbed 46%.
What Hindered Rise in Energy ETFs?(Continued from Prior Part)US equity indexesIn the trailing week, US equity indexes had the following correlations with US crude oil active futures:the S&P 500 (SPY): 62.8%the Dow Jones Industrial Average
Oil is one of this year's best-performing commodities, a point confirmed by some of the marquee futures-based exchange traded products with oil exposure. Entering Thursday, the United States Oil Fund (USO) , which tracks West Texas Intermediate crude oil futures, and the United States Brent Oil Fund (BNO) , which tracks Brent crude oil futures, were up 28.80% and 34.50%, respectively, year-to-date. Compare those performances to the Energy Select Sector SPDR (XLE) .
What Hindered Rise in Energy ETFs?(Continued from Prior Part)Correlation with US crude oil Between March 28 and April 4, major energy ETFs had the following correlations with US crude oil active futures: the Alerian MLP ETF (AMLP): 88.7% the VanEck