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June 13, 2019, 2:40 p.m. EDT

Energy stocks in a broad rally, as crude prices bounce sharply after attacks on two oil tankers

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By Tomi Kilgore

Energy stocks rallied in unison Thursday to pace the S&P 500's sector gainers, with crude oil futures surging as U.S. Secretary of State Mike Pompeo said Iran was to blame for a number of recent incidents, including the attacks Thursday on two oil tankers in the Middle East. The SPDR Energy Select Sector ETF /zigman2/quotes/206420077/composite XLE +1.29% rallied 1.3% in afternoon trade, with all 29 equity components gaining ground. Among the more-active components, shares of Halliburton Co. /zigman2/quotes/210488727/composite HAL +2.70% hiked up 2.8%, Marathon Oil Corp. /zigman2/quotes/205031829/composite MRO +1.99% gained 1.8%, Schlumberger NV /zigman2/quotes/201012972/composite SLB +3.53% rose 3.7%, Exxon Mobil Corp. /zigman2/quotes/204455864/composite XOM +0.72% tacked on 0.8% and Kinder Morgan Inc. /zigman2/quotes/208455654/composite KMI +1.08% advanced 0.8%. Meanwhile, crude oil futures surged 2.8%, after settling Wednesday at a 5-month low. The energy ETF has lost 6.9% year to date, while the S&P 500 /zigman2/quotes/210599714/realtime SPX +1.48% tacked on 2.8%.

/zigman2/quotes/206420077/composite
US : U.S.: NYSE Arca
$ 40.06
+0.51 +1.29%
Volume: 35.61M
May 27, 2020 4:00p
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/zigman2/quotes/210488727/composite
US : U.S.: NYSE
$ 12.19
+0.32 +2.70%
Volume: 20.09M
May 27, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
1.48%
Market Cap
$10.41 billion
Rev. per Employee
$399,917
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/zigman2/quotes/205031829/composite
US : U.S.: NYSE
$ 6.15
+0.12 +1.99%
Volume: 35.66M
May 27, 2020 4:00p
P/E Ratio
19.20
Dividend Yield
0.00%
Market Cap
$4.77 billion
Rev. per Employee
$2.46M
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/zigman2/quotes/201012972/composite
US : U.S.: NYSE
$ 19.05
+0.65 +3.53%
Volume: 13.78M
May 27, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
2.62%
Market Cap
$25.54 billion
Rev. per Employee
$328,150
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/zigman2/quotes/204455864/composite
US : U.S.: NYSE
$ 46.24
+0.33 +0.72%
Volume: 20.79M
May 27, 2020 4:00p
P/E Ratio
17.37
Dividend Yield
7.53%
Market Cap
$194.12 billion
Rev. per Employee
$3.93M
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/zigman2/quotes/208455654/composite
US : U.S.: NYSE
$ 15.97
+0.17 +1.08%
Volume: 11.16M
May 27, 2020 4:00p
P/E Ratio
27.47
Dividend Yield
6.57%
Market Cap
$35.73 billion
Rev. per Employee
$1.30M
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/zigman2/quotes/210599714/realtime
US : S&P US
3,036.13
+44.36 +1.48%
Volume: 3.66B
May 27, 2020 5:16p
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