83.60 -0.03 (-0.04%)
Pre-Market: 7:44AM EDT
|Bid||83.21 x 900|
|Ask||83.85 x 4000|
|Day's Range||83.45 - 84.13|
|52 Week Range||72.16 - 89.30|
|PE Ratio (TTM)||17.04|
|Earnings Date||Oct 25, 2018 - Oct 29, 2018|
|Forward Dividend & Yield||3.28 (3.96%)|
|1y Target Est||88.83|
Live from the floor of the New York Stock Exchange, Keith Bliss of DriveWealth joins Yahoo Finance's Seana Smith and Dion Rabouin to discuss the latest moves.
Yahoo Finance's Seana Smith and Jared Blikre on the biggest headlines moving the markets in afternoon trading.
If you believe the future of the automobile is electric, I don’t think there’s any question you’re wiser to buy Tesla (NASDAQ:TSLA) rather than Exxon Mobil (NYSE:XOM) stock. However, if you still believe in the power of fossil fuel, you’re better off dumping Tesla stock for Exxon.7 Market Heavyweights to Ditch Before the Selloff
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.
Is Elon Musk’s electric-car maker Tesla the best, the worst or a merely middling performer on environmental issues? Is Warren Buffett’s Berkshire Hathaway one of the worst-governed big U.S. companies? Is General Motors one of the most socially aware businesses, or one of the least?
In 2017, the S&P 500 returned 21.70%, including dividends paid, but the energy sector did not get the memo. Last year, the Energy Select Sector SPDR (NYSEARCA:XLE), the largest energy exchange-traded fund (ETF) by assets, lost 0.9%, marking the fifth time in the previous six years that the benchmark energy ETF trailed the S&P 500.
Global trade volumes for liquefied natural gas (LNG) could double in the coming years, Vitol's chief executive said after the commodity merchant announced a long-term deal to buy the fuel from U.S. producer Cheniere Energy. Beyond the newcomers, China's surging consumption due to its huge gasification programme will push trading volumes.
After an earnings-driven drilling, Exxon Mobil Corporation (NYSE:XOM) shares are now in position to gush higher. XOM stock is a blue-chip stock whose investors have seen better days. Exxon had a nice rally last week relative to its peers and the price of oil.
Brazil's state-run oil giant Petróleo Brasileiro SA (PETR4.SA) aims to raise output as much as 10 percent to around 2.3 million barrels per day (bpd) in 2019 and cut net debt by $10 billion (7.62 billion pounds), Chief Financial Officer Rafael Grisolia told Reuters. The world's most indebted oil company is on course to reduce debt to $69 billion by the end of this year despite falling short of its $21 billion asset sales target, Grisolia told Reuters in an interview in New York late Friday. The firm has significantly reduced its net debt from the $106 billion it had accumulated in 2014 to finance development of massive deepwater Atlantic oil fields.
The oil and gas industry player is not only reporting fantastic results but projecting massive production growth. So why is the stock market yawning?
Oil prices are up this week as fears of outages from around the world grow, with the EIA claiming that oil markets are entering a ‘crucial period’
Even companies that have increased dividends for 25 years or more go through tough times. Here are three Dividend Champions on sale today.