83.10 +0.20 (0.24%)
Pre-Market: 9:06AM EDT
|Bid||83.10 x 800|
|Ask||83.24 x 4000|
|Day's Range||81.64 - 83.22|
|52 Week Range||64.65 - 87.36|
|Beta (3Y Monthly)||1.07|
|PE Ratio (TTM)||16.99|
|Earnings Date||Apr 26, 2019|
|Forward Dividend & Yield||3.28 (4.06%)|
|1y Target Est||84.63|
Exxon Mobil Corp said it has signed a 20-year agreement to supply liquefied natural gas (LNG) to China's Zhejiang Energy, as the U.S. oil and gas giant steps up marketing of the fuel in China, the world's second-largest buyer. Under the sales and purchase agreement, Exxon Mobil will supply 1 million tonnes a year of the super-chilled fuel to the provincial government-backed Zhejiang Energy, Exxon said in a statement late on Monday. Exxon Mobil said last year it would deliver the LNG starting in the early 2020s, while LNG supplies to China would come from its global portfolio.
Exxon Mobil has rebounded with crude oil prices. Earnings are rising and the oil major is making big shale bets. Is the Dow Jones stock a buy now?
The U.S. announced Monday that it won't extend sanction waivers for any countries past May 2 for importing Iran oil. Crude oil prices jumped.
Despite some sizeable investment from oil majors, the shale boom in Argentina’s prolific Vaca Muerta shale hasn’t taken off just yet
Crude oil prices are blitzing higher on Monday, with West Texas Intermediate pushing towards the $70-a-barrel level, after the President Donald Trump Administration announced the United States is ending sanction wavers on Iranian oil imports in early May. With the start of the summer driving season nearly upon us, the energy bulls are wasting no time bidding up key stocks in the space on supply concerns.Of course, this could create a number of macroeconomic problems down the road. Higher at-the-pump prices will pinch consumer spending power. It will bolster inflation measures. And it could well result in the end of the Federal Reserve's recent dovish tilt. * 7 Tech Stocks With Too Much Risk, Not Enough Upside But for now, higher prices means more revenue for oil and gas stocks. Here are four on the move:InvestorPlace - Stock Market News, Stock Advice & Trading Tips Exxon Mobil (XOM)Exxon Mobil (NYSE:XOM) shares are testing the upper end of a two-month consolidation range bounded by the upper reaches of the sideways channel seen late last year. A breakout here would put the September high near $85 in play, which would be worth a gain of nearly 4% from here.The all-time high of $88 set in 2014 belies that fact the stock has been drifting sideways for nearly five years, since oil prices peaked and the Saudis unleashed their price war against U.S.-based shale producers. The company will next report results on April 26 before the bell. Analysts are looking for earnings of 74 cents per share on revenues of $67.4 billion. When the company last reported on Feb. 1, earnings of $1.41 beat earnings by 33 cents on an 8.1% rise in revenues. Chevron (CVX)Chevron (NYSE:CVX) is benefiting from a recent ruling by the Dutch Supreme Court in its fight against a lawsuit from the Republic of Ecuador for fraud and corruption. Watch for shares to move back above their 50-day moving average and break up and out of a three-year long sideways pattern. * 5 Dividend Stocks Perfect for Retirees The company will next report results on April 26 before the bell. Analysts are looking for earnings of $1.31 per share on revenues of $37.4 billion. When the company last reported on Feb. 1, earnings of $1.95 beat estimates by six cents on a 12.6% rise in revenues. Hess (HES)Hess (NYSE:HES) shares are extending higher on Monday, pushing further away from their golden cross as the 50-day average rallies above the 200-day average. Watch for a move to the prior high near $73, which would be worth a gain of nearly 10% from here. The strength comes despite a recent downgrade by MKM Partners analysts, who are still looking for a $71 price target.The company will next report results on April 25 before the bell. Analysts are looking for a loss of 27 cents per share on revenues of $1.4 billion. When the company last reported on Jan. 30, a loss of 31 cents per share beat estimates by seven cents on a 30.3% rise in revenues. Marathon Oil (MRO)Shares of Marathon Oil (NYSE:MRO) are perking up and over their 200-day moving average, exiting a downtrend pattern that has been in place since October. Already up roughly 50% from the low set in late December, watch for a run at the prior high near $24, which would be worth another 30% move from here. * 10 S&P 500 Stocks to Weather the Earnings Storm The company will next report results on May 1 after the close. Analysts are looking for earnings of seven cents per share on revenues of $1.3 billion. When the company last reported on Feb. 13, earnings of 15 cents per share beat estimates by a penny on a 27.7% rise in revenues.As of this writing, William Roth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Tech Stocks With Too Much Risk, Not Enough Upside * 7 Companies That Are Closing the CEO-Worker Wage Gap * 7 Video Game ETFs That Will Make You a Winner Compare Brokers The post 4 Energy Stocks Soaring as Trump Tightens on Iran appeared first on InvestorPlace.
Which Integrated Stocks Could Post More Gains?(Continued from Prior Part)Chevron’s implied gainsChevron (CVX) has higher implied gains than ExxonMobil (XOM) and BP (BP). We have considered analysts’ mean target price to determine the implied
Major stock indexes traded near the flatline Monday afternoon, but another jump in oil prices lifted Exxon Mobil and Chevron in the Dow Jones today.
Which Integrated Stocks Could Post More Gains?(Continued from Prior Part)Suncor’s implied gains Suncor Energy (SU) has the highest potential gains of 27% compared to ExxonMobil (XOM), Chevron (CVX), Royal Dutch Shell (RDS.A), Total (TOT), and BP
Stocks of integrated-energy giants were rising on the news that the U.S. is ending waivers for countries to import Iranian oil. Exxon Mobil stock is up 2% and Chevron is up 1.6%. Explorers could benefit, too.
Within economics and the financial markets, you must deal with the trade-off concept. For instance, if you want to strike it rich quickly, you're likely looking at upstart organizations with strong potential. However, you have to give up the proven stability of a blue-chip name. This dynamic also applies to high-yielding dividend stocks to buy.Almost everyone loves the idea of passive income. You take a great company with a generous yield and sit back and collect the dividend. However, the most generous dividend stocks are usually the riskiest. Sure, you can find several companies that pay out double-digit yields. The question is, are these investments sustainable? Usually, the answer is no.Fortunately, the markets aren't always the most efficient platform for assessing value. While I don't want to debate various economic theories, it's fair to say not all high-yielding dividend stocks are speculative. In fact, many of the names you'll see below are worldwide recognizable brands.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 5 Dividend Stocks Perfect for Retirees For this list, I've picked out 10 publicly traded companies that have a dividend yield of at least 3%. In fact, they average well over 5%. However, these are organizations that, while risky, offer viable products and services.In other words, these are not fly-by-night operations. So without further ado, here are 10 high-yielding dividend stocks to buy that won't wilt! High-Yielding Dividend Stocks to Buy: Coca-Cola (KO)Source: Leo Hidalgo via Flickr (Modified)Dividend Yield: 3.4%Over the past few years, several investors -- even those who seek high-yielding dividend stocks -- have avoided Coca-Cola (NYSE:KO). At first, such evasion seems strange. After all, an investment in KO is levered toward a global powerhouse brand. Additionally, Coca-Cola has consistently grown its payout across several decades.However, its current 3.4% yield isn't enough for many to overlook the soda industry's declining relevance. Research reports indicate that millennials eschew sugary, carbonated drinks for healthier beverages. As such, sector players have had to adjust to this changing landscape, offering more choices that cater to health-conscious buyers.Here's the thing about KO stock. Despite its volatility, the underlying company has made those changes. Its rebranding efforts, particularly with Diet Coke, resulted in notable successes. Furthermore, I demonstrated that millennials aren't necessarily healthier. Instead, they want to think that they're making healthier choices.My argument is that Coca-Cola has a chance, as long as they keep their marketing on point. Olin Corporation (OLN)Dividend Yield: 3.3%We're seeing tremendous changes in our economy, and they may be just the beginning. It's no longer a matter of science fiction to assume a world of robots and automation. So if you're looking for dividend stocks to buy that can survive this coming age, you should check out Olin Corporation (NYSE:OLN).OLN specializes in industrial chemicals, which doesn't sound like a next-generation sector because it isn't. However, to actualize the benefits of technology, you still require a physical infrastructure. For example, Olin's expertise in developing epoxy products is critical for the energy, transportation and civil engineering industries. * 7 Tech Stocks With Too Much Risk, Not Enough Upside Another driving force that supports Olin's 3.3% dividend yield is its Winchester ammunition brand. As you know, Americans love their guns. In fact, we have more guns in this country than we have people. That equates to a lot of shooting, which equates to OLN being one of the safest high-yielding dividend stocks you can get. Archer Daniels Midland (ADM)Source: GothamNurse Via FlickrDividend Yield: 3.3%Invariably, most of the exciting stocks to buy focus on the industries of tomorrow, such as automation and artificial intelligence. But no matter how much we progress as a society, we've got to eat. That simple, unavoidable fact helps drive agricultural company Archer Daniels Midland (NYSE:ADM).Of course, the icy U.S.-China relationship has disproportionately impacted domestic agriculture. Therefore, ADM stock slid sharply during the second half of last year. However, the Archer Daniels brand is a powerful one, featuring a strong international presence with the capacity to boot.Currently, ADM pays out a 3.3% dividend yield, and I don't see that being in any trouble. Primarily, the company has a strong history of consistent payouts that extend back for decades. Second, the importance of its core industry suggests that ADM will remain one of the most relevant dividend stocks. Exxon Mobil (XOM)Source: Shutterstock Dividend Yield: 4%Among high-yielding dividend stocks to buy, Exxon Mobil (NYSE:XOM) has one of the most balanced cases. I said as much when I covered XOM stock around mid-April. The company generates immediate interest for its history of strong payouts and its dominant position in the energy industry. With a 4% yield, this is a tough investment to ignore.At the same time, XOM stock has suffered significant setbacks. Although we're years removed from the energy crisis of 2014 and 2015, the sector is still recovering from it. Big oil firms like Exxon Mobil are no exception. Plus, we're seeing a decided push toward green-energy solutions, which hurts the case for XOM. * 10 S&P 500 Stocks to Weather the Earnings Storm So how should investors approach the oil giant? If you're seeking a nearer-term profit, I don't like some of the immediate headwinds affecting shares, though oil prices are surging on news that the U.S. might be lifting waivers on Iran sanctions. But for the longer run, I believe XOM has critical infrastructures and assets that still represent viable energy sources. Duke Energy (DUK)Source: Shutterstock Dividend Yield: 4.2%During a particularly brutal heatwave in the southwestern region of California and Arizona in September 2011, a botched maintenance procedure knocked out critical power channels. San Diego went dark, as did parts of Tijuana, Mexico and western Arizona. I went through the experience and I immediately recognized the fragility of our digitalized economy.Sure, we may be the most advanced nation in the world, but all it takes is one silly mistake to undo everything. In that sense, I think every portfolio should include dividend stocks that have some exposure to the utilities sector. Among them, Duke Energy (NYSE:DUK) has provided its shareholders with a mix of capital gains and strong passive income.While utility firms aren't the sexiest names in the investing world, they are incredibly vital. As we dive further into an automated industry, the one thing we cannot live without is power. For that reason, the 4.2% yield that underlines DUK stock is well justified. International Business Machines (IBM)Source: Shutterstock Dividend Yield: 4.5%Admittedly, International Business Machines (NYSE:IBM) isn't the most exciting name among dividend stocks to buy. For most of this decade, IBM shares have gone sideways, ultimately impressing neither the bulls nor the bears. However, a strong performance this year suggests that calls for its death were premature.After all, IBM has a long history of innovation and forwarding pioneering technologies. Although they don't get as much coverage as they used to, "Big Blue" has made exciting progress with AI. Recently, the company revealed that they use AI to accurately forecast which workers will quit their jobs. IBM claims that they saved nearly $300 million in retention costs with their digital program. * 7 Stocks to Buy for Spring Season Growth Of course, AI has its ups and downs. For instance, IBM had to shut down a segment of its Watson Health division because it didn't generate enough profit. Still, it has demonstrated significant potential. Plus, that 4.5% yield looks awfully attractive right now. AMC Entertainment (AMC)Dividend Yield: 5.1%Back when consumers had fewer options, cineplex operate AMC Entertainment (NYSE:AMC) made plenty of sense. But in the streaming era, AMC simply appears outdated and irrelevant. In this day and age, who would want to go somewhere to watch something? Moreover, when the box office bombed in 2017, AMC shares cratered.Still, I look at this company as one of the more intriguing dividend stocks to buy. Yes, I own some shares, but it's more important to focus on why I do, as opposed to merely the fact that I do. It comes down to this: AMC provides a social experience that you'll never get from streaming services or other "isolated" platforms.Moreover, the movie industry has shifted its priorities to accommodate the new entertainment landscape. Production studios now dedicate most of their resources to proven winners, such as comic-book based movies or established franchises. I'm hardly surprised that Captain Marvel is the biggest movie so far this year. Nerds eat this stuff up.Better yet, box office receipts prove that nerds have taken over Hollywood. That alone provides justification for AMC's 5%-plus dividend yield. AbbVie (ABBV)Source: Shutterstock Dividend Yield: 5.2%Ordinarily, AbbVie (NYSE:ABBV) has been one of the most consistent performers among dividend stocks to buy. Taking away the events from last year, ABBV stock provided generally steady returns, making its payout worthwhile. Obviously, its exposure to the pivotal healthcare sector makes AbbVie a perpetually relevant name.That said, 2018 was a rough year for the pharmaceutical giant. Moreover, shifting political dynamics bring many questions to the industry. For instance, several prominent Democrats support the "Medicare for All Act." Such a comprehensive plan will shine a glaring spotlight on pharmaceutical pricing, potentially hurting profitability. * 7 Stocks That Can Outperform for Years Naturally, if Democrats take over the White House, that's a political headwind for ABBV stock. However, there's also the likelihood that Medicare for All will drive revenues back home. For instance, many Americans go to Mexico to buy prescription drugs. If we can establish fair, sensible pricing, pharmaceutical firms may benefit from an untapped revenue source. AT&T (T)Dividend Yield: 6.4%When telecommunications giant AT&T (NYSE:T) first proposed buying out Time Warner, I'm sure more than a few eyes rolled. Before the deal, T stock suffered from a massive debt load. With the deal, that situation obviously did not improve. Therefore, I understand why many folks have run for the hills.Also, the company's tremendously high 6.4% yield appears a little too generous. Yes, AT&T historically has been one of the top names among blue-chip dividend stocks. But with such a huge liability clouding everything, that yield seems like a trap.Unfortunately, in high-barrier industries, you've got to pay to play. While the Time Warner deal hurts the balance sheet, it gives T stock exposure to the lucrative content-streaming market. Plus, they're one of the few alpha dogs that can implement the 5G rollout.Lastly, let's just acknowledge that AT&T is too big to fail. Like it or not, their success is vital to progressing the American economic machinery. That's a very comfortable explanation why T stands out among other dividend stocks. GameStop (GME)Source: Shutterstock Dividend Yield: 17.3%GameStop (NYSE:GME) recently proved that the adage that struggling companies have had their bad news priced in is just that: an adage. After failing to find a buyer earlier this year, GME shares tumbled badly. However, a very poor showing in the fourth quarter added even more pain to an already ugly show.Ironically, one of GameStop's most attractive elements -- the crazy-high yield -- is too awe-striking for its own good. After all, how many dividend stocks with a yield of over 17% ended up surviving? When a company is paying you more than twice the average return of the S&P 500, there's a reason for that. Typically, it's not a good one.Although this is an incredibly risky idea, it's worth noting that digital video game downloads may eventually hit a wall. I say this because many popular games have sizes exceeding 100 gigabytes. After downloading a couple titles, gamers will have to buy an external hard drive, which can easily run around $50. * 5 Dividend Stocks Perfect for Retirees Or, they can just go to GameStop and pick up used games on the cheap.As of this writing, Josh Enomoto is long AMC and AT&T. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 Dividend Stocks Perfect for Retirees * 7 Reasons the Stock Market Rally Isn't Over Yet * 10 S&P 500 Stocks to Weather the Earnings Storm Compare Brokers The post 10 High-Yielding Dividend Stocks That Wonat Wilt appeared first on InvestorPlace.
Which Integrated Stocks Could Post More Gains?Integrated energy stocks’ implied gains In this part, we’ll rank integrated energy stocks based on their implied gains. We’ll discuss analysts’ one-year mean target price to estimate a stock’s
Exxon Mobil Corporation will release first quarter 2019 financial results on Friday, April 26, 2019. A press release will be issued via Business Wire and available at 7 a.m.
Shares of energy companies were broadly higher Monday, as crude oil prices jumped toward a 5 1/2-month high on supply concerns after reports that the U.S. will announce the end of waivers for countries to import Iranian oil. Also giving the sector a boost was better-than-expected first-quarter results from oil services company Halliburton Co. before the open. The SPDR Energy Select Sector ETF rose 0.8%, with 27 of its 30 equity components gaining ground, led by the 1.8% rally in Marathon Oil Corp.'s stock . Halliburton shares gained 0.1%. Among other more active energy ETF (XLE) components, shares of Kinder Morgan Inc. advanced 1.3%, Exxon Mobil Corp. rose 1.4% and Chevron Corp. tacked on 0.7%. Among the few losers, Schlumberger Ltd.'s stock gave up 0.3% and Anadarko Petroleum Corp. shares slipped 0.3%. The XLE has rallied 18.2% year to date while the S&P 500 has gained 15.8%.
By 2025, ExxonMobil (XOM) expects the Stabroek Block to accommodate at least five FPSO vessels, with oil production capacity of more than 750,000 barrels per day.
IRVING, Texas-- -- Zhejiang Energy to receive 1 million metric tons of LNG per annum over 20 years Agreement demonstrates ExxonMobil’s commitment to help meet China’s natural gas demand Zhejiang Energy to build a Wenzhou LNG receiving terminal ExxonMobil said today that it signed a sales and purchase agreement with Zhejiang Provincial Energy Group for liquefied natural gas supply. Under the agreement, ...
Secretary Pompeo announced the end of sanction waivers for countries that import oil from Iran. Countries impacted include India, China, Turkey, South Korea and Japan. The waiver will end early May. The Schork Report Founder and Publisher Stephen Schork joins Yahoo Finance's Seana Smith.
Cornerstone Macro's Carter Worth says investors should not trust the energy surge. With CNBC's Melissa Lee and the Fast Money traders, Brian Kelly, Dan Nathan and Guy Adami.