Here are Wednesday’s top research calls, including upgrades for Crown Castle and ConocoPhillips, and a downgrade for Urban Outfitters. Earnings estimates were raised for Chevron.
Category: Chevron Corporation
Chevron, Exxon Mobil Lag Crude Oil on Declining Momentum in the Energy Sector
Nymex crude oil has a positive but overbought weekly chart, while the energy sector ETF and shares of Chevron and Exxon Mobil have negative weekly charts. Remember when the ups and downs of Nymex crude oil correlated with the ups and downs of the stock market? This dynamic was a characteristic of the stock market for most of 2016.
Oil Is Still Whipsawing Investors and Triggers Abound for Another Collapse — How to Trade It
Year to date, the benchmark iShares US Energy Exchange-Traded Fund has declined 3.85%, and the iShares US Oil Equipment & Services ETF has fallen nearly 1%, compared with a gain of 3.16% for the S&P 500. For full-year 2016, the IYE gained 22.9%, and the IEZ 25.6%, compared with about 10% for the S&P 500.
3 Reasons Phillips 66’s Earnings Were Such a Disappointment
Not only did those problems grow worse during the fourth quarter, but a range of items across several of the company’s other business segments caused its earnings to deteriorate even further. As a result, the company did not even come close to meeting expectations when it reported fourth-quarter results on Friday morning, as adjusted earnings were just $0.16 per share, which was $0.24 less than analysts’ expectations.
Resolution to Scrap Oil and Gas Anti-Bribery Rule Is Moving Swiftly Through Congress
A resolution to scrap an anti-bribery rule that affects oil, gas and mining companies is quickly making its way through Congress. A resolution to scrap an anti-bribery rule that affects oil, gas and mining companies is quickly making its way through Congress.
Nasty Year’ Leaves Oil Investors Wary as Profits Fall Short
Investors eliminated about $53 billion in market value for producers over three days as the twin titans of U.S. oil posted their worst annual financial outcomes in decades. With Royal Dutch Shell Plc, Total SA and BP Plc due to announce 2016 results in coming days, the grim headlines may not yet be over.
Exxon’s Profit Miss Shows No One Immune From Market Ravages
Exxon Mobil Corp.’s biggest profit miss in at least a decade is the starkest sign yet that major oil explorers remain mired in the deepest market slump in a generation. After resisting the industry trend of discounting the value of oil and natural gas fields that turned into money-losers amid the 2 1/2-year market slump, Exxon capitulated on Tuesday and took a $2 billion hit on the value of some Rocky Mountain gas.
XLE, SVXY: Big ETF Outflows
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Energy Select Sector SPDR Fund , where 1,750,000 units were destroyed, or a 0.7% decrease week over week. Among the largest underlying components of XLE, in morning trading today Exxon Mobil is down about 0.6%, and Chevron is lower by about 1.5%.
Stock Market Under Pressure After Weak Data, Earnings
U.S. stocks Friday morning were trading slightly lower as investors weighed disappointing fourth-quarter data on domestic economic growth and a spate of earnings, including disappointing results from Dow component Chevron. Still, the main indexes were on track to book weekly profits during a period marked by the Dow surpassing the psychologically important level of 20,000.
How Investors Can Get In On an Oil Production Resurgence
Reports suggest that 2017 marks the end of the U.S. oil industry’s trend of declining production. In this clip from Industry Focus: Energy , Motley Fool analysts Sean O’Reilly and Taylor Muckerman talk about a few of the best oil and gas companies for long-term investors and a long list of companies that investors will want to look into.
Big Oil Hits Sweet Spot as Projects Reap Rewards of Recovery
Big Oil is poised to reap rewards this year as investments made before the crude-price slump pay off just as the recovery starts. Seven of the world’s largest energy companies will together boost oil and natural gas output by 398,000 barrels a day, the most since since 2010, according to data from Oslo-based consultant Rystad Energy AS.
Big Oil Hits Sweet Spot as New Projects Reap Rewards of Recovery
Big Oil is poised to reap rewards this year as investments made before the crude-price slump pay off just as the recovery starts. Seven of the world’s largest energy companies will together boost oil and natural gas output by 398,000 barrels a day, the most since since 2010, according to data from Oslo-based consultant Rystad Energy AS.
Nasdaq Hits Another Record
The Dow Jones Industrial Average slipped 32 points, or 0.2%, to 19856, after rising within 50 points of the never-before-reached 20000 level earlier in the session. The S&P 500 was flat, and the Nasdaq Composite rose 0.4%, a fresh record.
Here’s When to Buy Chevron, IBM, 3 More High-Yielding Dow ‘Dogs’
It’s that time of year again — every January, scores of investors flock to the “Dogs of the Dow.” But this year a twist on the typical Dow Dogs strategy is providing a big opportunity for investors who are paying attention to the price action.
‘Best Idea’ Apache Supplants Chevron as My Chief Long in 2017
I’m a trader who specializes in intraday and swing trading rather than long-term investing, but in the fourth quarter of 2015 I really started like Chevron Oil prices are cyclical: price declines curtail production and increase demand so that prices eventually would rise CVX’s mix of upstream and downstream and strong balance sheet would give it the financial strength to navigate the downturn Due to those factors, I have been steadily bullish on CVX. For 2017, I’m switching my allegiance to Apache Oil prices have risen above $50 a barrel.
How to Trade Chevron, Exxon Mobil as They Lag Crude Oil
As crude oil sets new 2016 highs, so do shares of Chevron and Exxon Mobil, with Chevron eking out a new high on Wednesday. Here’s how to trade them.