|Bid||0.00 x 1300|
|Ask||0.00 x 900|
|Day's Range||77.33 - 80.36|
|52 Week Range||72.16 - 89.30|
|Beta (3Y Monthly)||0.68|
|PE Ratio (TTM)||14.28|
|Earnings Date||Jan 31, 2019 - Feb 4, 2019|
|Forward Dividend & Yield||3.28 (4.22%)|
|1y Target Est||89.09|
Follow This, a Dutch group that accumulates shares in oil companies in order to press them over greenhouse gas emissions, has filed another resolution against Shell for 2019. It also filed its first resolution against BP Plc and may target Chevron Corp. and Exxon Mobil Corp. in the same way. The group, led by former journalist Mark van Baal, has been a source of frustration for Shell management, even though its resolutions have gone down to defeat.
Insider Monkey finished processing more than 700 13F filings made by hedge funds and prominent investors. These filings show these funds’ portfolio positions as of September 30th. In this article, we are going to take a look at smart money sentiment towards Exxon Mobil Corporation (NYSE:XOM). Exxon Mobil Corporation (NYSE:XOM) was in 53 hedge funds’ […]
In 2014, WTI crude oil prices were north of $100 per barrel. Not surprisingly, energy stocks, and in particular oil stocks, were doing pretty well back then. The oil market was left with this massive oversupply glut, and that sent oil prices tumbling.
The Dow Jones reversed lower as the Nasdaq led negative stock action. Top growth stock Tesla is breaking out. Crude oil prices surged almost 4%.
Oil markets appeared to have given up all hope of a production cut deal, but at the last possible minute OPEC+ came through and oil prices spiked
On December 7, a Reuters report said that Iran agreed to a 0.8 MMbpd (million barrels per day) production cut. The plan is only expected to be implemented by OPEC members in 2019. Iran might be exempt from the production cut. At 7:13 AM EST on December 7, US crude oil prices rebounded 5.7% from their intraday low.
Chevron (CVX) plans to spend $20 billion on capex in 2019, which is at the upper end of its guidance range of $18 billion–$20 billion for the coming years. Chevron’s budgeted capex for 2019 is expected to be higher than the company’s estimated 2018 capex. The expected rise in Chevron’s 2019 capex reflects its focus on steady upstream production growth fueled by its core projects. In the first nine months of 2018, Chevron incurred capex of $14.3 billion, around 5% above its 2018 budgeted capex.
A painful fall on Tuesday was followed by a market closure on Wednesday to mourn the death of former president George H. W. Bush. Let’s look at our top stock trades to get an idea. Anyway, the ETF is doing its best to hold recent range support.
YPF Sociedad's (YPF) $2.3 billion JV deal with Petronas to invest in Vaca Muerta shale will increase Argentina's oil production by 15% within 2022.
Oil prices and energy stocks are slumping, but those scenarios are not preventing some aggressive traders from making leveraged bets on an energy sector rebound. Data confirm that in recent weeks, traders have been flocking to the Direxion Daily Energy Bull 3X Shares (ERX) . ERX tracks the 300% daily performance of the Energy Select Sector Index.
Crude oil prices have been getting crushed over the past few months. The decline in oil makes the stock market’s run look pretty good, with crude falling almost 35% from peak to trough after coming into October near its highs. Some view rising oil prices as a negative burden, something that weighs on consumers and hurts their purchasing power.
One area that’s always going to attract investor interest are dividend stocks. Dividend Aristocrats, those stocks increasing their annual payment for 25 consecutive years, are the cream of the crop for dividend investors and some of the best stocks to buy for 2019. Currently, there are 53 Dividend Aristocrats in the S&P 500.
The software giant held this title for much of the dot-com boom, but after tech stocks crashed in the early 2000s, MSFT stock sank. With Microsoft sparring with its old nemesis Apple (NASDAQ:AAPL) for this title, it’s natural to ask whether it’s a good time to buy MSFT stock. Although MSFT stock is still attractive, the recent tech slump complicates the issue.
Oil has spent much of the fourth quarter slumping, plaguing exchange traded funds like the iShares U.S. Energy ETF (IYE) along the way, but some market observer believe is a bottom is near for the beleaguered commodity. Like other traditional cap-weighted energy ETFs, IYE devotes a significant portion of its lineup to Dow components Exxon Mobil Corp. (XOM) and Chevron Corp. (CVX), the two largest U.S. oil companies. “One reason oil prices may be near a bottom: production appears set to decline after oversupply concerns contributed to the recent rout,” said BlackRock in a recent note.
On December 4, natural gas January futures rose 2.7% and settled at $4.457 per million British thermal units. On the same day, the S&P 500 Index (SPY), the Dow Jones Industrial Average Index (DIA), and the S&P 400 Mid-Cap Index (IVOO) fell 3.2%, 3.1%, and 3.6%, respectively.
ExxonMobil (XOM) is divesting its stake of 6.8% in Azerbaijan's Azeri-Chirag-Gunashli (ACG) field as it is redirecting its focus on development of domestic shale fields.
A few months ago, I was pretty high on Exxon Mobil (NYSE:XOM). When oil prices fall, as they did recently toward $50 per barrel, Exxon Mobil’s take is limited by the low price. When oil prices rise, as they did last summer, spiking to $70 per barrel, XOM’s benefit is limited by time, as customers accelerate moves toward electric cars, efficiency, and renewable energy sources.
OPEC has signed off on a production cut of 1.2 million barrels a day. Yahoo Finance’s Alexis Christoforous speaks to Brian Sozzi, Rick Newman, CFRA Research Chief investment Strategist Sam Stovall and Blue Line Futures President Bill Baruch about what it all means.