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July 10, 2019, 1:51 p.m. EDT

Energy stocks in broad rally as crude oil prices jump toward 7-week high

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By Tomi Kilgore

Energy stocks traded broadly higher Wednesday, on the back of a surge in oil prices after upbeat government supply data and amid concerns over a storm brewing in the Gulf of Mexico. The SPDR Energy Select Sector ETF /zigman2/quotes/209660484/composite XLF -0.28% climbed 1.1%, and was the biggest gainer among the ETFs tracking the 11 S&P 500 sectors, as 28 of the energy ETF's (XLE) 29 equity components gained ground. The biggest gainer was Noble Energy Inc.'s stock /zigman2/quotes/207690683/composite NE +6.06% , which rose 3.5%. Among other more active components, shares of Halliburton Co. /zigman2/quotes/210488727/composite HAL +1.48% edged up 0.3%, Kinder Morgan Inc. /zigman2/quotes/208455654/composite KMI +0.79% gained 0.3%, Apache Corp. /zigman2/quotes/200648444/composite APA +0.79% advanced 1.5% and Exxon Mobil Corp. /zigman2/quotes/204455864/composite XOM +0.51% hiked up 1.3%. The lone decliner was Anadarko Petroleum Corp.'s stock , which slipped 0.1%. Elsewhere, Chesapeake Energy Corp.'s stock surged 3.0%. Meanwhile, crude oil futures ran up 4.1% toward a 5th-straight gain, and a 7-week high. The XLE has now lost 4.9% over the past three months, while crude oil futures have declined 6.9% and the S&P 500 /zigman2/quotes/210599714/realtime SPX -0.36% has gained 3.8%.

/zigman2/quotes/209660484/composite
US : U.S.: NYSE Arca
$ 28.42
-0.08 -0.28%
Volume: 50.58M
Oct. 22, 2019 8:00p
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/zigman2/quotes/207690683/composite
US : U.S.: NYSE
$ 1.40
+0.08 +6.06%
Volume: 3.89M
Oct. 22, 2019 6:30p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$348.86 million
Rev. per Employee
$541,413
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/zigman2/quotes/210488727/composite
US : U.S.: NYSE
$ 19.90
+0.29 +1.48%
Volume: 14.66M
Oct. 22, 2019 6:30p
P/E Ratio
14.66
Dividend Yield
3.62%
Market Cap
$17.43 billion
Rev. per Employee
$399,917
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/zigman2/quotes/208455654/composite
US : U.S.: NYSE
$ 20.32
+0.16 +0.79%
Volume: 10.62M
Oct. 22, 2019 6:30p
P/E Ratio
22.38
Dividend Yield
4.92%
Market Cap
$46.00 billion
Rev. per Employee
$1.30M
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/zigman2/quotes/200648444/composite
US : U.S.: NYSE
$ 22.95
+0.18 +0.79%
Volume: 4.82M
Oct. 22, 2019 6:30p
P/E Ratio
N/A
Dividend Yield
4.36%
Market Cap
$8.63 billion
Rev. per Employee
$2.15M
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/zigman2/quotes/204455864/composite
US : U.S.: NYSE
$ 69.09
+0.35 +0.51%
Volume: 9.50M
Oct. 22, 2019 6:30p
P/E Ratio
16.65
Dividend Yield
5.04%
Market Cap
$292.33 billion
Rev. per Employee
$3.93M
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/zigman2/quotes/210599714/realtime
US : S&P US
2,995.99
-10.73 -0.36%
Volume: 1.84B
Oct. 22, 2019 5:03p
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