|Bid||0.00 x 900|
|Ask||0.00 x 900|
|Day's Range||65.60 - 66.17|
|52 Week Range||53.36 - 79.42|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.25|
|Expense Ratio (net)||0.13%|
Energy Portfolio Gains on Oil's Rise(Continued from Prior Part)US equity indexesOn February 7–14, US equity indexes had the following correlations with US crude oil March futures:the Dow Jones Industrial Average (DIA): 59.7%the S&P 500
Energy Portfolio Gains on Oil's Rise(Continued from Prior Part)Correlation with US crude oil On February 7–14, major energy ETFs had the following correlations with US crude oil March futures: the Energy Select Sector SPDR ETF (XLE): 64.3% the
With the Federal Reserve on hold for rate increases, that means earnings growth will be increasingly important in setting share prices. From the end of 2016 through last Dec. 31, earnings per share for S&P 500 companies probably rose about 40% — the same amount the S&P gained from just before the election through its October 2018 all-time high. In fact, the companies in the S&P (SPX) just completed three consecutive quarters of 20%-plus year-over-year earnings per share growth.
Highlights from Williams Companies’ Q4 EarningsWilliams Companies Williams Companies (WMB) reported its fourth-quarter and fiscal 2018 earnings on February 13. The company reported an adjusted EBITDA of $1.20 billion, which missed the consensus
KMI, TRGP, OKE, and WMB: Top Midstream Gains in 2019Top midstream gainersMidstream C corporations have posted impressive gains in 2019. The top stocks in the sector have outperformed the broader market, the broader energy sector, and the MLP sector
Oh I suppose the news from Saudi Arabia might have done it but it surely can't be price action. All day long I heard how the oil stocks have been one of the best performing groups since the lows. , an ETF to be long oil services stocks the last four weeks it has earned you nothing since there has not been a higher high since mid-January.
Shares of oil and gas companies were broadly higher Wednesday, as reports of supply cuts and optimism on U.S.-China trade talks helped fuel a rally in crude oil prices. The energy sector was the best performing of the S&P 500's 11 key sectors, with the SPDR Energy Select Sector ETF climbing 2.0% with all 30 equity components gaining ground. The biggest gainer was Newfield Exploration Co.'s stock , which ran up 4.5%. Among other more-active components, shares of Marathon Oil Corp. advanced 2.5%, Kinder Morgan Inc. rose 1.5%, Exxon Mobil Corp. tacked on 1.2%, Schlumberger NV climbed 2.3%, and Chevron Corp. gained 1.3%. Meanwhile, crude oil futures ran up 2.0%. The energy ETF has hiked up 13.9% year to date, while the S&P 500 has rallied 10.1%.
Shares of Chesapeake Energy Corp. swung to a loss of 0.8% in morning trade Monday, erasing a premarket gain of as much as 3.8%, to put them on track for an 8th-straight loss. Helping weigh on the shares, crude oil futures slumped 2.1%, amid concerns over rising U.S. production and a stronger dollar. An 8th-straight loss for Chesapeake's stock would be the longest losing streak since since the 11-session streak that ended on Oct. 14, 2014. The stock has tumbled 18% during its losing streak, while the SPDR Energy Select Sector ETF has lost 1.3% and the S&P 500 has gained 1.25 over the same time.
Shares of Chesapeake Energy Corp. tumbled 6.1% in afternoon trade Friday, enough to pace the S&P 400 Mid Cap index in losses, and putting them on track for a seventh-straight loss. That would be the longest losing streak for the oil and gas exploration and production company's stock since the 11-session losing stretch that ended on Oct. 14, 2014. Since that losing streak, there had been seven 6-day losing streaks. The stock has lost 20% during its current losing streak, but was still up 34% since it closed at a near 3-year low of $1.73 on Dec. 24. The stock's decline on Friday comes despite a 0.1% gain in crude oil futures . Chesapeake has not issued a press release or filed anything with the Securities and Exchange Commission since Feb. 1. The stock has tumbled 34% over the past three months, while crude futures have shed 14%, the S&P 400 has slipped 2.9% and the S&P 500 has lost 3.9%.
The Energy Select Sector SPDR (NYSEArca: XLE), the largest equity-based energy exchange traded fund and rival energy ETFs tumbled Thursday following the introduction of Green New Deal legislation. “The ...
What Drove Your Energy Portfolio This Week?(Continued from Prior Part)Correlation with US crude oilOn January 31–February 7, major energy ETFs had the following correlations with US crude oil March futures:the Energy Select Sector SPDR ETF
How Williams Companies Looks before Its Q4 EarningsWilliams Companies Williams Companies (WMB) is scheduled to release its fourth quarter and fiscal 2018 earnings on February 13. According to analysts’ estimates, Williams Companies could report
Will Natural Gas Rise from Almost a Ten-Month Low?(Continued from Prior Part)Natural gas rig countThe natural gas rig count was at 198 last week, which was one more than the previous week. The natural gas rig count has fallen ~87.7% from its record
Technically speaking, the U.S. benchmarks’ nearly straightline 2019 rally attempt has accelerated in recent sessions, writes Michael Ashbaugh, fueled partly by the Federal Reserve’s dovish-leaning policy shift.
Energy Sector: Key Highlights Last Week(Continued from Prior Part)US equity indexesOn January 25–February 1, US equity indexes ended in the green. The S&P Mid-Cap 400 (IVOO), the Dow Jones Industrial Average (DIA), and the S&P 500 Index
Energy Sector: Key Highlights Last Week(Continued from Prior Part)Key energy eventsOn February 6–7, the U.S. Energy Information Administration is scheduled to release its oil and natural gas inventory data, respectively, which could be important
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.
The Energy Select Sector SPDR (NYSEArca: XLE), the largest equity-based energy ETF, rallied again last Friday, extending its 2019 gains to over 11%. That after the previously downtrodden energy sector ...
What Helped Your Energy Portfolio?(Continued from Prior Part)Correlation with US crude oilOn January 24–31, major energy ETFs had the following correlations with US crude oil March futures:the Alerian MLP ETF (AMLP): 87.1%the SPDR S&P Oil
What Helped Your Energy Portfolio?US crude oil on February 1On February 1, at 7:11 AM EST, US crude oil March futures rose by 92 cents. Ongoing political unrest in Venezuela and the fall in Saudi Arabia’s oil exports to the US might have helped
Shares of Exxon Mobil Corp. rallied 3.2% in premarket trade Friday, after the oil giant reported a fourth-quarter profit that beat expectations, while revenue came up shy. Net income fell to $6.00 billion, or $1.41 a share, from $8.38 billion, or $1.97 a share, in the same period a year ago, which included a $5.9 billion benefit from tax reform. The FactSet consensus for earnings per share was $1.08. Total revenue rose to $71.90 billion from $66.52 billion, below the FactSet consensus of $72.53 billion, while production increased to 4.01 million oil-equivalent barrels per day from 3.99 million, topping expectations of 4.00 million. For the company's upstream business, crude prices weakened while natural-gas prices strengthened; for downstream, industry fuels margins weakened because of lower seasonal gasoline demand and increased supply. The stock has dropped 9.2% over the past three months, while the SPDR Energy Select Sector ETF has declined 5.8% and the Dow Jones Industrial Average has eased 1.5%.
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.
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 ...