Bulletin
Investor Alert

New York Markets Open in:

Market Pulse Archives

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

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

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Financial Select Sector SPDR ETF (XLF)
  • X
    Noble Corp. PLC (NE)
  • X
    Halliburton Co. (HAL)

or Cancel Already have a watchlist? Log In

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 +0.29% 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 -3.80% , which rose 3.5%. Among other more active components, shares of Halliburton Co. /zigman2/quotes/210488727/composite HAL +0.67% edged up 0.3%, Kinder Morgan Inc. /zigman2/quotes/208455654/composite KMI +0.14% gained 0.3%, Apache Corp. /zigman2/quotes/200648444/composite APA -2.74% advanced 1.5% and Exxon Mobil Corp. /zigman2/quotes/204455864/composite XOM -0.58% 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 +0.03% has gained 3.8%.

/zigman2/quotes/209660484/composite
US : U.S.: NYSE Arca
$ 30.86
+0.09 +0.29%
Volume: 27.39M
Jan. 22, 2020 8:00p
loading...
/zigman2/quotes/207690683/composite
US : U.S.: NYSE
$ 0.97
-0.04 -3.80%
Volume: 4.10M
Jan. 22, 2020 6:30p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$242.12 million
Rev. per Employee
$541,413
loading...
/zigman2/quotes/210488727/composite
US : U.S.: NYSE
$ 23.93
+0.16 +0.67%
Volume: 12.04M
Jan. 22, 2020 6:30p
P/E Ratio
N/A
Dividend Yield
3.01%
Market Cap
$21.01 billion
Rev. per Employee
$399,917
loading...
/zigman2/quotes/208455654/composite
US : U.S.: NYSE
$ 20.96
+0.03 +0.14%
Volume: 10.22M
Jan. 22, 2020 6:30p
P/E Ratio
21.75
Dividend Yield
4.77%
Market Cap
$47.47 billion
Rev. per Employee
$1.30M
loading...
/zigman2/quotes/200648444/composite
US : U.S.: NYSE
$ 30.87
-0.87 -2.74%
Volume: 4.71M
Jan. 22, 2020 6:30p
P/E Ratio
N/A
Dividend Yield
3.24%
Market Cap
$11.61 billion
Rev. per Employee
$2.15M
loading...
/zigman2/quotes/204455864/composite
US : U.S.: NYSE
$ 67.19
-0.39 -0.58%
Volume: 17.03M
Jan. 22, 2020 6:30p
P/E Ratio
19.58
Dividend Yield
5.18%
Market Cap
$284.29 billion
Rev. per Employee
$3.93M
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
3,321.75
+0.96 +0.03%
Volume: 1.85B
Jan. 22, 2020 4:58p
loading...

This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.