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Nov. 23, 2020, 2:47 p.m. EST

Energy sector sees broad, sharp gains as crude oil prices head for 3-month high

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By Tomi Kilgore

The energy sector enjoyed a broad, and in many cases sharp, rally in afternoon trading Monday, as crude oil prices rose to a 3-month high on increasing hopes that a potential COVID-19 vaccine would fuel and economic recovery and spark demand for oil. The SPDR Energy Select Sector exchange-traded fund /zigman2/quotes/206420077/composite XLE -3.44% ran up 5.8%, toward the highest close since Aug. 17, with all 25 of its equity components trading higher. The ETF was biggest gainer of the 11 SPDR sector ETFs tracking the S&P 500's /zigman2/quotes/210599714/realtime SPX -0.40% 11 key sectors. The biggest gainers were Occidental Petroleum Corp.'s stock /zigman2/quotes/207018272/composite OXY -6.60% , which soared 15.5%, and Diamondback Energy Inc.'s stock /zigman2/quotes/201200230/composite FANG -3.86% , which shot up 10.8%. Crude oil futures /zigman2/quotes/209723049/delayed CL00 -2.37% climbed 1.5% to $43.05, toward the highest close since Aug. 26. Among other more-active stocks in the energy ETF, shares of Marathon Oil Corp. /zigman2/quotes/205031829/composite MRO -4.09% hiked up 6.6%, Exxon Mobil Corp. /zigman2/quotes/204455864/composite XOM -4.27% advabced 5.4%, Kinder Morgan Inc. /zigman2/quotes/208455654/composite KMI -0.55% climbed 2.8% and Halliburton Co. /zigman2/quotes/210488727/composite HAL -4.39% hiked up 9.0%. In comparison, the S&P 500 /zigman2/quotes/210599714/realtime SPX -0.40% tacked on 0.4%.

/zigman2/quotes/206420077/composite
US : U.S.: NYSE Arca
$ 42.95
-1.53 -3.44%
Volume: 29.47M
Jan. 15, 2021 3:13p
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/zigman2/quotes/210599714/realtime
US : S&P US
3,780.51
-15.03 -0.40%
Volume: 1.83B
Jan. 15, 2021 3:14p
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/zigman2/quotes/207018272/composite
US : U.S.: NYSE
$ 22.64
-1.60 -6.60%
Volume: 18.08M
Jan. 15, 2021 3:13p
P/E Ratio
N/A
Dividend Yield
0.18%
Market Cap
$22.57 billion
Rev. per Employee
$1.30M
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/zigman2/quotes/201200230/composite
US : U.S.: Nasdaq
$ 59.54
-2.39 -3.86%
Volume: 1.73M
Jan. 15, 2021 3:14p
P/E Ratio
N/A
Dividend Yield
2.51%
Market Cap
$9.78 billion
Rev. per Employee
$5.57M
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/zigman2/quotes/209723049/delayed
US : U.S.: Nymex
$ 52.30
-1.27 -2.37%
Volume: 144,071
Jan. 15, 2021 3:04p
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/zigman2/quotes/205031829/composite
US : U.S.: NYSE
$ 8.32
-0.36 -4.09%
Volume: 24.46M
Jan. 15, 2021 3:13p
P/E Ratio
N/A
Dividend Yield
1.92%
Market Cap
$6.84 billion
Rev. per Employee
$2.53M
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/zigman2/quotes/204455864/composite
US : U.S.: NYSE
$ 48.16
-2.15 -4.27%
Volume: 31.18M
Jan. 15, 2021 3:13p
P/E Ratio
61.90
Dividend Yield
7.23%
Market Cap
$212.72 billion
Rev. per Employee
$3.42M
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/zigman2/quotes/208455654/composite
US : U.S.: NYSE
$ 15.55
-0.09 -0.55%
Volume: 11.80M
Jan. 15, 2021 3:14p
P/E Ratio
322.72
Dividend Yield
6.75%
Market Cap
$35.41 billion
Rev. per Employee
$1.19M
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/zigman2/quotes/210488727/composite
US : U.S.: NYSE
$ 20.81
-0.95 -4.39%
Volume: 8.29M
Jan. 15, 2021 3:14p
P/E Ratio
N/A
Dividend Yield
0.87%
Market Cap
$19.24 billion
Rev. per Employee
$399,917
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/zigman2/quotes/210599714/realtime
US : S&P US
3,780.51
-15.03 -0.40%
Volume: 1.83B
Jan. 15, 2021 3:14p
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